At the moment, the general crypto market is looking good with top players like Ethereum (ETH) and Fantom (FTM) recording new highs in the past few weeks. Also, Collateral Network (COLT), one of the hottest newcomers is not left out. As a Web3 peer-to-peer lending platform, Collateral Network (COLT) is warming up to reward investors with 35x gains.
At the time of writing, trading at $1,911.36, Ethereum (ETH) has gone up by 11.5% in the past seven days. The upcoming Shanghai Upgrade is a major contributor to the recent growth of Ethereum (ETH). Once this upgrade is live, investors who initially staked their Ethereum (ETH) tokens in anticipation of The Merge will be able to withdraw their coins.
Furthermore, some analysts are worried about the Shanghai Upgrade as investors may want to sell their Ethereum (ETH) holdings to profit from the recent pump in price. However, the upgrade may not impact Ethereum (ETH) negatively because many investors may not sell off all their holdings for a sustained profit. Besides, the numerous applications relying on the Ethereum (ETH) blockchain and the increased utility of the coin over the years will make it hard for the price of Ethereum (ETH) to crash.
As per data on CoinGecko, the Fantom (FTM) price has increased by 15% in the past seven days. Also, BeinCrypto reported on April 13th, that Fantom (FTM) price has rebounded 60% since dropping to $0.31 a month ago. This indicates the possibility of a prolonged rally.
Recently, the Fantom (FTM) team announced a community proposal to reduce the validator staking requirement. This will reduce the validator staking limit from 500,000 to 50,000 Fantom (FTM) tokens if passed. Also, it will enhance decentralization and increase the number of staking participants across the Fantom (FTM) network. Data compiled by Santiment reveal that Fantom (FTM) whales may be doubling down on their long positions. At the time of writing, Fantom (FTM) is trading at $0.4569.
Collateral Network (COLT)
This is a Web3 lending platform that has real-world utility. Collateral Network (COLT) allows anybody to borrow money when they pledge their watches, real estate and other luxury collectables as collateral.
Let’s say you have a watch valued at $10,000, you can give it to Collateral Network (COLT), where it will be authenticated so that you can borrow funds against its worth.
How? Collateral Network (COLT) creates an NFT to create a physical copy of the asset. Then the 100% asset-backed NFT is fractionalised into tinier pieces. This is to enable numerous lenders to contribute little amounts of capital to fund the loan. That way, you’ll get the money you need quickly. Also, the lenders will receive passive income based on fixed interest.
Other benefits of holding the token are staking rewards and governance rights. Moreover, Collateral Network (COLT) is expected to deliver 3500% gains to holders in the coming months. Why not join the ongoing presale and buy the token at a floor price of $0.014?
By buying during the presale, you can get the token before it is released to the public. The first phase of the presale starts at $0.014 per COLT token, and a 40% bonus offer is available for a limited time. Act fast as the price is set to increase this week.
Find out more about the Collateral Network presale here:
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.