If you are also wondering about starting 2023 by making an investment in the crypto world, you might be considering investing in some of the most talked about cryptos like Aptos (APT), Ethereum (ETH), or Collateral Network (COLT).
However, it is always best to review the market performances of cryptocurrencies before making any investments. This article will look at how a new crypto project, Collateral Network (COLT), which has started its first phase of presale with a token price of $0.01, has surpassed the growth rates of market biggies like Ethereum (ETH) and Aptos (APT).
Aptos (APT) Holders Fear Further Decline
Aptos (APT) is a Layer-1 blockchain that was launched as a direct competitor to long-standing networks like Solana (SOL) and Ethereum (ETH). Aptos (APT) promises to offer scalability, reliability, security, and usability. Aptos (ATP) uses the Move programming language. Launched in October 2022, Aptos (APT) boasts a parallel execution engine and low transaction costs.
However, the sudden market crash that occurred in November has caused a severe decline in the value of Aptos (APT). The price of Aptos (APT) has fallen by 27% in the last month. The current trading price of Aptos (APT) is hovering around $3.61.
Ethereum (ETH) Attracts Crypto Enthusiasts Again
After Paxful, a peer-to-peer crypto exchange, dropped Ethereum from its platform, the ETH hit the headlines again. Paxful took the decision after Ethereum (ETH) shifted from a proof-of-work consensus mechanism to a proof-of-stake mechanism. However, Paxful’s decision has not made any negative impact on Ethereum (ETH). Recently, the market standing of Ethereum (ETH) has improved as the project has registered an increase of 3% in its price last week. The current trading price of Ethereum (ETH) is around $1,223.
Ethereum (ETH) is a Layer-1 blockchain that assists in the development of decentralized applications (dApps). The primary goal of Ethereum (ETH) is to help developers build protocols using smart contract functionalities and the creation of dApps.
Collateral Network (COLT) Set To Raise Millions During Presale
Collateral Network (COLT) has entered the crypto market to address issues pertaining to the lending and borrowing of cryptocurrencies. Collateral Network (COLT) is the world’s first and only blockchain-based platform exclusively dedicated to lending and borrowing cryptocurrencies. Due to its unique business roadmap and market viability, Collateral Network (COLT) is advantageous for both borrowers and lenders.
Collateral Network (COLT) assists borrowers in unlocking cash from their physical assets with the use of blockchain technology. Collateral Network (COLT) mints fractional NFTs against physical assets, which enables lenders to fund the loans for borrowers.
On Collateral Network (COLT), borrowers can encash their real-world physical assets within 24 hours. Moreover, borrowing on Collateral Network (COLT) does not leave a trail on your credit file, thus ensuring privacy. Besides, with the help of Collateral Network (COLT), borrowers can encash their physical assets without selling them.
Collateral Network (COLT) allows investors to lend funds by purchasing fractional NFTs, which are backed 1 to 1 by a real-world physical asset. It also allows users to become their own banks and provide loans to people at an agreed fixed interest rate. Besides, lenders on the platform receive a fixed income on a weekly basis.
Collateral Network is fueled by COLT, the native token of the platform. The initial price of COLT tokens, for the presale, is set at $0.01. However, market experts have predicted that the price of Collateral Network (COLT) will surge by 35x in the next six months.
Notably, just 50% of the total 1,400,000,000 COLT tokens will be available during the presale round. The platform will also grant privileges to its presale COLT buyers, like access to the VIP members club, discounts on borrowing and trading fees, staking, and voting rights.
Find out more about the Collateral Network presale here:
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