Chiliz (CHZ) — the largest music, sports and entertainment blockchain platform in the world — is continuing to see a strong 24-hour trading volume of over $150k. Elsewhere, Collateral Network (COLT) is performing so well in the presale that its price could potentially increase by 35x.
Chiliz (CHZ) Trading Volume Stays Above $150k Despite Market Volatility
Chiliz (CHZ) is continuing to be one of the top-performing cryptocurrencies in terms of volume, with its 24-hour trading volume staying above $150k over the past few days. This comes at a time when the overall market continues to experience high volatility, with Bitcoin (BTC) falling 3.41% in a single hour.
The high volume for Chiliz (CHZ) is a testament to the growing popularity of the platform, which enables users to tokenize and trade digital assets associated with their favorite sports teams. In addition, the Chiliz (CHZ) team took to Twitter to announce a new Chiliz (CHZ) Sports Blockchain that is set to launch on May 10th.
However, the price of Chiliz (CHZ) is down by more than 6.11% over the past 24 hours, indicating that despite the growing awareness of Chiliz (CHZ), some holders are still cautious about holding Chiliz (CHZ) until a new alt season emerges.
The daily chart shows that Chiliz (CHZ) has been moving inside a descending triangle since the peak of $0.94 set in 2021. With the triangle coming to an apex in the coming weeks, it will be interesting to see if Chiliz (CHZ) can break out of this range and reach the 2022 high of $0.32 or higher.
Collateral Network (COLT) Set for 35x Pump
Elsewhere in the market, Collateral Network (COLT) is having an impressive run in its presale. Collateral Network (COLT) is developing a blockchain-based platform for peer-to-peer lending, and it seems like the market is bullish on the project.
Collateral Network (COLT) commenced its presale in February with an initial value of $0.01 per token, and its current trading price has since jumped by 40% to $0.014. The price of COLT will increase again to $0.0168 once stage 2 reaches its hard cap.
The excitement around the Collateral Network (COLT) launch stems from its pioneering position as the world’s first platform to tokenize physical assets into NFTs, and then use them as collateral for digital asset-backed loans. Thus, enabling borrowers to access funds seamlessly without going through lengthy credit checks.
Real estate, jewelry, fine art and expensive wine are all examples of assets that can be used as collateral for loans.
The Collateral Network (COLT) approach of minting and then fractionalising NFTs, means that multiple lenders can fund the same loan, with each lender receiving weekly interest payments in proportion to their individual share. This feature makes the lending industry fairer and more inclusive for the everyday investor.
Collateral Network (COLT) also makes use of smart contracts and automated processes, allowing for faster transactions and lower fees. Plus, full information about the loan and collateralized asset can be found in the metadata of each NFT, making sure that everyone involved in the process is aware of their obligations.
Analysts can see Collateral Network (COLT) transforming the entire lending market and are projecting a 35x pump in its price once it enters the open market. This means that early investors could potentially see huge returns on their investments.
How to Buy COLT
To acquire COLT during the presale, access the open presale portal and click the Buy Now button to register. Then, choose the desired amount of COLT tokens you wish to buy.
COLT can be purchased using any of your favorite cryptocurrencies, including BTC, ETH and BNB. Collateral Network (COLT) will then automatically convert the tokens into COLT at the current rate. Once payment is received, your wallet address will be credited with the appropriate amount of Collateral Network (COLT).
Find out more about the Collateral Network presale here:
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