While many cryptocurrencies are currently dwindling, Collateral Network (COLT) has emerged as the most profitable project on the market.
Bulls have pounced upon the presale of Collateral Network (COLT), and it is predicted to make its investors 35x richer in the next two quarters due to its unparalleled use cases. In this article, we will understand why Collateral Network (COLT) has the potential to surpass Fantom (FTM) and Enjin Coin (ENJ).
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Fantom (FTM) Eyes Domination On Twitter
The market conditions seem to be favoring Fantom (FTM), as the platform has been rising steadily on the price chart. The market value of Fantom (FTM) has seen an uptick of 18% in the past week. As a result, Fantom (FTM), at the time of writing, is trading at $0.53.
Fantom received a major push recently when iME, a messaging platform-come-crypto wallet, released a new feature allowing FTM to be traded via Twitter. As Twitter recently signed a deal with eToro to enable the trading of cryptocurrencies, it is expected that iME’s recent feature can make Fantom (FTM) the most traded token. The total value locked (TVL) of Fantom (FTM) has surged by 14% over the previous month. However, Fantom’s (FTM) network growth has been under pressure, and dipped over 70% in the past month.
Enjin Coin (ENJ) Teases New Platform
Enjin Coin (ENJ) recently shared its development update, and made its community active on the charts. In its April update, Enjin Coin (ENJ) informed that a new platform UI is set to undergo the testing phase. The new Enjin Coin (ENJ) platform will empower developers to customize their collections and decide how they want to receive their creator fees.
The updates are expected to help Enjin Coin (ENJ) return to the growth path. Notably, EnjinCoin (ENJ) surged at the beginning of 2023, but has declined by 22% since February last week. Besides, the bearish sentiments around Enjin Coin (ENJ) have increased by 18% in the past week. At the time of writing, Enjin Coin (ENJ) is available to trade at $0.44.
Collateral Network (COLT) Shows Skyrocketing Potential
With the advent of Collateral Network (COLT), gone are the days when lending was an extremely draining and complex task.
Collateral Network (COLT) is the first decentralized cross-chain network that allows crowdlending against non-traditional assets like luxury watches, fine art, wine, and more. The platform assesses and evaluates physical assets, and mints an NFT against them. These NFTs are broken up into multiple pieces, letting the community fund loans backed by them on a fixed amount of interest rate.
This revolutionary ecosystem is beneficial to both borrowers and lenders. Borrowers can get a fast and low-cost loan that is secured on the blockchain, and private in terms of footprint on credit history. On the other hand, lenders enjoy the security of their investments, and earn a fixed passive income.
Powered by the project’s utility token, COLT, holders will get special discounts on borrowing and trading fees along with voting rights on key matters.
The liquidity pool is locked for 33 years, and merely 38% of the total supply of 1.4 billion COLT tokens is available for presale. Collateral Network is currently selling at a price of $0.014. Therefore, investors and whales across the globe are seizing this great opportunity to invest in Collateral Network (COLT) as it is set to increase 35x in the next few months.
Find out more about the Collateral Network presale here:
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
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