The cryptocurrency market has begun experiencing a correction regarding the value of many cryptocurrencies, and many have begun experiencing an upward trend. One project, Collateral Network (COLT), has sparked interest among crypto circles, as it can potentially disrupt the pawnbroking industry. Various market analysts have indicated the price could 35x by the time the presale concludes.
We will compare this project with some of the most well-established projects in the blockchain space, including Dogecoin (DOGE) and Litecoin (LTC).
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Dogecoin (DOGE) has seen a spike in activity as Elon Musk replaced the Twitter bird with the Shiba Inu dog logo, indicating a nod to the cryptocurrency.
For that reason, Elon Musk is now being sued. Musk addressed the joke on April 3, 2023, noting that he delivered 'as promised' initially.
On April 4, 2023, the Dogecoin (DOGE) cryptocurrency traded at $0.098809. On April 5, DOGE jumped in value by 26.7%. Its value within the last seven days has seen a total increase of 32.1%. The trading volume behind Dogecoin (DOGE) also jumped 789.86% over the previous 24 hours alone (at the time of writing), indicating that it has all aspects of a bullish run.
However, Dogecoin (DOGE) isn't the only cryptocurrency to experience a huge spike in activity, as Collateral Network (COLT) also found success with its presale.
On April 2, 2023, Litecoin (LTC) announced on Twitter that more than a trillion dollars were moved onto the network.
With this massive jump in activity, it is clear that Litecoin (LTC) is still relevant and used widely across the Web3 space by cryptocurrency traders, investors, and overall users.
When we go over the value of the Litecoin (LTC) cryptocurrency, on April 4, 2023, Litecoin was trading at $93.57.
In the last seven days, its value jumped by 4.7%, and in the past two weeks, it has seen a total increase of 19.1%. As for its trading volume, it jumped 15.51% in the last 24 hours alone due to its consistent usage as a payment processor for everyday payments. Based on data from BitPay, the payment count by cryptocurrency puts Litecoin (LTC) second at 23.04%, with Bitcoin (BTC) being first at 46.51%.
Based on this, it is clear why there has been a lot of excitement and appeal for cryptocurrencies throughout the past week, and the COLT token is no exception.
Collateral Network (COLT) aims to enable Peer-to-Peer (P2P) to disrupt the lending industry through blockchain technology.
Anyone can borrow against their physical, real-world assets, such as real estate, fine art, vintage cars, gold, and diamonds. These physical assets are used as collateral for the loans. The Collateral Network (COLT) mints an NFT backed by the physical asset, and it is then fractionalized and offered to potential lenders. Lenders can provide small amounts of money to buy the fractions, giving borrowers the necessary liquidity. Investors received a fixed interest income for the money lent.
The COLT token is the native cryptocurrency used across the Collateral Network, and its primary use-case surrounds discounts on trading fees, additional rewards for holders, and enhanced borrowing terms, alongside access to auctions, staking and governance. At the presale stage, Collateral Network (COLT) as a token is offered at just $0.01.
Analysts within the Web3 space have made a price prediction that within the next few months, COLT can increase in value by 3500% and jump to $0.035.
Only 38% of the total supply of 1,400,000,000 COLT tokens is available for the presale stage. The smart contract behind the project has also been fully audited. The team token has a two-year lock, and the liquidity pool has a 33-year lock. Investors and traders who want to jump into the cryptocurrency early can do so by signing up for the presale at the links below.
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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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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.