Flow Crypto And Enjin Coin Lose Traction As Collateral Network Advances Toward 3500% Growth

In this article, we will analyze how Collateral Network (COLT) has been dominating all the crypto headlines, while Flow (FLOW) and Enjin Coin (ENJ) are losing ground. Since Collateral Network’s presale is expected to grow by 3500%, its tokens are selling out rapidly.

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Flow (FLOW) Expands Its Ecosystem

The last few weeks have been exciting for Flow, with the blockchain seeing new developments in its ecosystem. In the latest event, the Flow blockchain partnered with Google Cloud to provide financial and technical support to Web3 startups. Flow has pledged a contribution of $1 million (or token equivalent) under this partnership.

Flow has officially revealed that its blockchain has surpassed the milestone of 20 million user accounts. The Flow community is pumped with the latest data, as an increased user base can positively support its price movement, which is currently going downward. The price of Flow (FLOW) has plunged by 13% in the last month. At the time of writing, Flow is available to trade at $0.84.

Enjin Coin (ENJ) Launches Beta Access To NFT.io

Enjin Coin has launched beta access to its NFT marketplace, NFT.io. Interestingly, the launch of Enjin Coin’s NFT.io was one of the most awaited crypto events in 2023, and aims to increase its market positioning in the NFT space. However, Enjin Coin’s value is currently going downhill, with its price tumbling by 10% in the past week. At the time of writing, Enjin Coin (ENJ) is changing hands at $0.37.

Meanwhile, beta access to Enjin Coin’s marketplace will be available to users who have their JumpNet version of the N-Chip key. Besides, only Android users of Enjin Coin Wallet will currently be able to test the beta version of NFT.io. While launching the beta version of the marketplace, Enjin Coin requested users to submit feedback, bug reports, and suggestions to improve the working of NFT.io.

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Collateral Network (COLT) Accelerates Its Bullish Run

Collateral Network is a Web3 platform that helps borrowers unlock liquidity from real-world assets such as watches, gold, fine wine, cars, and more, at a competitive interest rate.

Individuals and SMEs can send their physical assets to Collateral Network, which will use an AI-powered process to assess the collateral’s value, and compute algorithmic ending rates. Next, the platform will start minting fractional NFTs against physical assets of borrowers, and will store them in its vaults. Once the entire loan amount is repaid, borrowers will be allowed to reclaim the physical possession of their assets.

People can invest in Collateral Network’s asset-backed NFTs at fixed interest rates. Lenders on the platform will become their own mini bank, gaining a fixed income per week, and defining their lending rate.

The current price of a Collateral Network (COLT) token is $0.014. Market experts are confident that the price of Collateral Network is set to jump by 3500% before the conclusion of the presale phase. Over 54 million Collateral Network tokens have already been locked by investors.

For more information on Collateral Network visit the website, join the presale or join the community for regular updates.

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