Silvergate Wreaks Havoc On Huobi Token (HT) and Ethereum (ETH) While Investors Bet Millions On Collateral Network (COLT) Presale

Collateral Network (COLT) has begun its presale round, and experts predict it to grow by at least 3500%. Meanwhile, Huobi Token (HT) and Ethereum (ETH) have been trapped in a challenging situation.

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Huobi Token (HT) Suffers From "Market Behaviour"

Huobi Token (HT) recently scared the entire crypto industry after it dipped massively, by 93%, on March 9th. The fall was so drastic that it sparked rumors about the Huobi Token (HT) insolvency. Notably, the price of Huobi Token (HT) dropped from $4.81 to a low of $0.31 in just a matter of minutes.

However, Huobi Token (HT) was able to quickly regain its lost ground with an instant price appreciation. Crypto mogul, Justin Sun, blamed "market behavior" behind the sudden fall for Huobi Token (HT). The price of Huobi Token (HT) has fallen by over 17% in the last seven days. On the monthly chart, Huobi Token (HT) has tumbled by 19%.

As a result, Huobi Token (HT) currently trades at $3.65, which is 90.83% below its all-time high of $39.81. Huobi Token (HT) is a native crypto that fuels the Huobi Exchange.

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State Regulator Calls Ethereum (ETH) A Security

While Ethereum (ETH) has already landed in a tough spot due to the collapse of Silvergate bank, New York Attorney General, Letitia James, has made the situation worse. The New York state regulator has alleged that Ethereum (ETH) is a security. Experts say this could trigger the SEC to take legal actions against Ethereum (ETH), as it did with Ripple (XRP).

Investors have also become cautious in the wake of these events, leading to less movement toward Ethereum (ETH). Subsequently, the price of Ethereum (ETH) has fallen by 10% in the last seven days. Consequently, Ethereum (ETH) currently trades at $1,828.79, which is 62.61% below its all-time high of $4,891.70. Ethereum (ETH) is currently the second-largest cryptocurrency by market capitalization.

Collateral Network (COLT) Takes Lead In Presale Growth Records

It is not easy to take a loan from the conventional banking system. A lot of documentation and good credit history are something that keeps people deprived of using the full potential of the lending industry. Besides, banks charge extortionate interest rates on personal loans, and accept only a few things as mortgages. But Collateral Network (COLT) is here to resolve this issue.

Collateral Network (COLT) is a blockchain-based network that has come up with a hybrid infrastructure model that allows anyone to obtain loans against the value of their physical assets. Collateral Network (COLT) makes the entire process of lending and borrowing cryptocurrencies more accessible, with institutional-level liquidity. Collateral Network (COLT) accepts any physical assets, small to big, and mints fractionalised NFTs against them which will be made available to lenders for small amounts of money allowing them to raise the funds for loans for borrowers at the required amount.

You can obtain loans on Collateral Network (COLT) without having any credit history, as long as you have a physical asset to be mortgaged. Collateral Network (COLT) is also borderless, and people can obtain loans on this platform from any part of the world. Lenders, who become fractional lenders by purchasing NFTs, get better returns on their investment on Collateral Network (COLT), as compared to saving their money with the bank.

The presale of COLT, the native token of Collateral Network (COLT), has started at $0.01. It is expected to reach $0.35 before the culmination of the presale phase. The platform will have a liquidity pool locked for 33 years, and team tokens will remain locked for 2 years. Moreover, only 38% of the total 1.4 billion COLT tokens will be supplied during the presale phase.

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