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with more than 100 million COLT tokens Sold out so far, it’s safe to say that pre-sales are starting with a bang.
We delve into the factors contributing to Collateral Network (COLT) pre-sale success and examine the challenges facing Stellar (XLM) and Binance (BNB) as they become relevant in this fast-paced and competitive landscape Let’s try to live.
Collateral Network (COLT)
Collateral Network (COLT) is a Web3 challenger lender, built on a foundation of blockchain and NFT technology. Collateral Network revolutionizes the way people borrow money, providing a more inclusive and streamlined approach that caters to a wider audience, including those who face challenges in the traditional lending system.
Individuals can now secure crypto loans using their high-value assets such as fine art or luxury timepieces as collateral. This Lending Protocol Is Unique In The Crypto Space And Is Set To Change That Multi-trillion asset backed lending sector.
The Collateral Network is able to bring borrower assets on-chain by mining NFTs representing physical assets on a 1:1 ratio. NFTs can be divided into tranches, allowing multiple lenders to contribute to a single loan and earn their own income for lending. In this way, the collateralized network levels the playing field in the lending market, while simultaneously increasing liquidity, and reducing the cost of borrowing.
Currently, Collateral Network is in the early stages of its pre-sale, offering COLT tokens at a bargain price. $0.014, This presents a golden opportunity for investors to obtain COLT tokens at a significantly reduced cost before they hit the market. Industry experts predict that, given the current demand, the COLT token could see a surprising 3500% bounce in value before 2024.
>> buy COLT tokens now<
Stellar (XLM)
Founded in 2014 by Jed McCaleb (also known for his role at Ripple), Stellar (XLM) aims to make international money transfers fast and affordable. To do this, Stellar (XLM) uses its own digital currency XLM as a versatile connector that enables transactions between different currencies.
Over the years, Stellar (XLM) has attracted the attention of financial giants such as IBM and Deloitte, who saw potential in its innovative approach. Although the adoption and interest in the Stellar (XLM) project has stagnated in recent days, the Stellar (XLM) price is now down 90% since its 2018 peak of $0.93.
Higher demand for newer, more revolutionary projects like the Collateral Network (COLT) is putting pressure on Stellar (XLM) market share. Analysts expect Stellar (XLM) to recover to at least $0.20 during the crypto-wide bull market, but they do not see Stellar (XLM) regaining its position as one of the top 10 cryptocurrencies by market capitalization anytime soon. Will be able to recover the position.
Binance (BNB)
Binance (BNB) is a digital asset exchange platform created in 2017. Since then, Binance (BNB) has become one of the most popular cryptocurrency exchanges with over 30 million users and over $76 billion in trading volume.
Binance (BNB) price surged from $38 to over $680 in 2021, making Binance (BNB) one of the most profitable assets. However, at the time of writing, Binance (BNB) has fallen back to a price of only $32.
This drop in Binance (BNB) price can be attributed to the bear market, poor sentiment surrounding centralized exchanges, and the US SEC crackdown on Binance (BNB) US operations.
Some analysts are commenting that Binance (BNB) has ‘already run its course’ and that newer projects such as Collateral Network (COLT) offer more promising investment opportunities. With the rise in decentralized finance applications, it seems that Binance (BNB) is starting to lose its edge in the crypto market.
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