Ethereum (ETH) and Monero (XMR) Price Stagnates; Why Is The Collateral Network (COLT) Price Surging?

The cryptocurrency market is evolving quickly, with new projects offering innovative solutions. One is Collateral Network (COLT), a peer-to-peer blockchain crowdlending platform.

This innovative platform is currently attracting the attention of Ethereum (ETH) and Monero (XMR) holders, who are looking to diversify their portfolios. Collateral Network is currently in its presale, and investors expect a 35x surge by its end.

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Ethereum (ETH)

The second-largest crypto network, after Bitcoin, is seeing positive press recently. Ethereum has recently jumped on the Zero-Knowledge Rollup bandwagon.

Ethereum is the biggest blockchain that allows developers to build smart contracts and decentralized applications (dApps). Its size has attracted a strong development community, and a large number of investors.

Recently, Ethereum has seen developments that could secure its dominance in the blockchain space. Polygon, Ethereum's scaling solution, has launched its zero-knowledge solution for the network.

Polygon's zero-knowledge Ethereum Virtual Machine (zkEVM) launched on the Ethereum mainnet. This launch will enable developers to build faster decentralized applications (dApps) that don't sacrifice security.

Still, the launch won't fix all the issues on Ethereum, including its high gas fees. This is why many investors are looking for different options.

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Collateral Network (COLT)

Collateral Network (COLT) is a blockchain-based crowdlending platform that allows users to leverage their physical assets as collateral for loans. With Collateral Network, borrowers can get loans without selling their property, such as fine art, real estate, vintage cars and more.

COLT is the first project that mints NFTs against physical assets, fractionalizes them, and allows the community to fund the loans via these NFTs. This enables borrowers to obtain loans against tangible assets without the hassle of traditional institutions.

Lenders on the other hand can earn interest on their money by funding the loans on the Collateral Network (COLT) platform, enabling them to become their own banks and enjoy fixed weekly interest payments.

The project's native COLT token grants holders benefits like staking bonuses, governance rights, and transaction fee discounts. The token is currently being offered for $0.01 during its presale, but experts predict it could reach $0.35 once the presale concludes. Collateral Network has gained traction among investors who are looking for innovative ways to access capital from their assets and earn fixed passive income.

Monero (XMR)

Monero, the privacy-focused cryptocurrency, has been under regulatory pressure for a long time. However, recent developments have made some investors question their positions.

The original privacy token enables secure, private, and untraceable transactions. As such, Monero attracts users who value privacy, and anonymity. Monero uses advanced cryptography to obfuscate transaction details, making it virtually impossible to trace transactions.

It is a unique project that has attracted a strong community. However, it has also attracted the attention of regulators. Recently, crypto-friendly Dubai joined several jurisdictions that banned coins like Monero.

While Dubai's decision will likely not deter Monero holders, some investors might want to diversify. Monero's community likes Collateral Network's emphasis on decentralization and privacy. Significantly, borrowing with Collateral Network does not show up on a user's credit history. This helps borrowers protect their privacy, which is something that Monero users appreciate.

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