PancakeSwap (CAKE) and XRP (XRP) Dip 6% Within a Day, Collateral Network (COLT) Surges 40%, Defying Bearish Trends

In the volatile world of cryptocurrencies, market fluctuations can lead to significant gains or losses within a short span of time. As PancakeSwap (CAKE) and XRP (XRP) experienced a 6% dip within a day, Collateral Network (COLT) emerged as a standout, surging 40% during the presale stage of COLT tokens. Let’s jump into what sets Collateral Network (COLT) apart from the rest of the market and its potential to grow as a long-term investment.

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Collateral Network (COLT)

Imagine a groundbreaking platform designed to transform the massive $4.5 trillion asset-backed lending industry. This is what Collateral Network (COLT) aims to achieve. It’s a system that turns borrowers’ physical assets into unique digital tokens, called NFTs, which are then divided into smaller portions and made available to investors or lenders. Physical assets currently accepted by Collateral Network (COLT) include fine wines, real estate, art, jewelry, and watches.

Investors can earn passive income from Collateral Network (COLT) by lending their money to borrowers and receiving interest in return. Therefore, every loan is funded by multiple investors. Furthermore, Collateral Network’s (COLT) fractional lending approach enables investors to spread their investments across various loans, lowering the risk associated with concentrating their funds in one place.

The COLT token is the driving force of the Collateral Network (COLT), enabling the flow of value and encouraging engagement within the platform. Besides, COLT token holders will benefit from access to auctions of distressed items, stacking benefits, and discounts on borrowing/trading fees.  As Collateral Network’s (COLT) user base grows, the demand for COLT tokens is expected to rise, boosting their value.

Currently, COLT tokens are available at an attractive price of $0.014 during the presale event. With cryptocurrencies like PancakeSwap (CAKE) and XRP (XRP) facing difficulties in the market. 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.

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PancakeSwap (CAKE)

PancakeSwap (CAKE) has been one of the worst performers in the crypto markets, dropping 6% within a day and over 25% in two weeks. This poor PancakeSwap (CAKE) performance is due to the massive PancakeSwap (CAKE) token-unlock events that have created high amounts of sell pressure in the markets.

The situation is further compounded by the fact that PancakeSwap (CAKE) has not yet been able to control inflation, and its rewards system is still under construction. The PancakeSwap (CAKE) team is working to reduce inflation from 20% to 3-5% and has promised to introduce a new rewards system soon, but until then, the value of PancakeSwap (CAKE) will remain under pressure.

Analysts believe the $2.50 level may provide some short-term support, but the only way for PancakeSwap (CAKE) to get back on track is by controlling inflation and improving tokenomics.

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XRP (XRP)

Another major cryptocurrency that’s been struggling in the last 24 hours is XRP (XRP). The token has plummeted 6% within a day, taking XRP’s (XRP) two-week losses to 15%. This sharp decline can be attributed to the uncertainty surrounding XRP’s (XRP) legal battle with the US Securities and Exchange Commission (SEC).

The SEC alleges that XRP (XRP) is an unregistered security and has filed a lawsuit against XRP (XRP) and its executives. The case is still pending in court, leaving investors in limbo about the future of XRP (XRP). Despite the gloomy outlook, some analysts are optimistic that XRP (XRP) can bounce back if it manages to reach a settlement with the SEC.

Technical analysts foresee the price of XRP (XRP) ranging between $0.45 and $0.55 as long as the legal drama continues. A break above $0.55 would indicate a reversal of the bearish trend.

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