Since whales are accumulating Collateral Network (COLT) tokens quickly, the project’s presale round is set to end before the due date.
Such is the craze of Collateral Network (COLT) that analysts have even forecasted a 35x price surge for the token. Even holders of THE Protocol (THE) and Solana (SOL) are joining Collateral Network (COLT) to earn massive returns.
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No Clarity Around THE Protocol (THE)
Although the overall market has shown bullish signs, THE Protocol (THE) has failed to perform well. The price of THE Protocol (THE) has plummeted by 27% in the past month. Subsequently, THE Protocol (THE) has lost 96% of its all-time high of $0.0405, and is currently trading at $0.0016.
While the exact functions, and market use of THE Protocol (THE) are still not clear, the project was recently in news for its philanthropic efforts. THE Protocol (THE) is currently trading at $0.0016.
However, experts have suggested being extremely cautious before investing in THE Protocol (THE), as the project’s only “claim to fame” is the reason behind its name. THE Protocol (THE) is supposedly devoid of any major use cases, and may find it difficult to survive the market competition.
Solana (SOL) Struggles On Social Metric
Recent data by Nansen, a blockchain analytic firm, has revealed that Solana (SOL) recorded more active addresses than the Ethereum network in the past month. On the list of the networks with the most active addresses, Solana (SOL) was only behind Binance.
While this has helped Solana (SOL) move up on the weekly price chart, the network’s position in terms of social metrics is not convincing. As per the data by Coinbase, over 4200 people tweeted about Solana (SOL) in the past 24 hours, but only 13% of them had a bullish bias. The trading price of Solana (SOL) has risen by 5% in the past week.
As a result, Solana (SOL) is now trading at $20.94. Meanwhile, Solana’s (SOL) market capitalization has increased from $7.8 billion to $8.1 billion in the last seven days.
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Collateral Network (COLT) Brings Boom In The Market
Collateral Network (COLT) has benefitted from its unique business strategy, which makes the lending market more accessible and inclusive.
Collateral Network (COLT) enables borrowers to unlock liquidity from borrowers’ tangible assets like watches, diamonds, and cars, seamlessly. Collateral Network (COLT) converts these into fractional NFTs, which can be purchased by lenders to fund the loan, thereby earning them a fixed interest rate. Borrowers are therefore able to receive their loan quicker without the hassle of traditional institutions.
COLT token holders are entitled to various benefits like staking bonuses, governance rights, and more.
Investors who purchase COLT tokens during the presale will get an opportunity to access the VIP members club. Currently, a COLT token is available at $0.01, and has been forecasted to surge to $0.35 before the presale phase ends.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Presale: https://app.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
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