The 2023 year has turned out to be exciting for crypto enthusiasts, and the next market bull run is expected later this year. A major reason behind the market’s recent rise is the entry of Collateral Network (COLT). No presale ever has recorded a market demand as big as Collateral Network. Meanwhile, the battle between two forks – Ethereum Classic (ETC) and Bitcoin Cash (BCH) – seems to be cooling off as both projects are trading in the red zone.
Things do not seem to be encouraging for the Bitcoin Cash community, as the network has been struggling on many fronts. The Bitcoin Cash network has witnessed a rise in miners selling off their block records, causing a price decline for BCH.
According to the latest data by IntoTheBlock, Bitcoin Cash miners have offloaded more than 550,000 BCH coins in the past month. This indicates bearish sentiments prevailing around Bitcoin Cash.
The price of BCH is adversely affected by growing pessimism around the Bitcoin Cash network. Consequently, Bitcoin Cash (BCH) is down by 2% on the monthly price chart. Bitcoin Cash (BCH) is now trading at $116.35.
Although the broad market outlook is bearish, Ethereum Classic has witnessed a rise in development activity on the network. As per the data by Santiment, the development activity count on the Ethereum Classic network has surged by more than 150% in the last 30 days. The Ethereum Classic community is pumped that increased development activity is set to push the price of ETC northward.
At present, the price of Ethereum Classic (ETC) has increased by 2% in the past week. You can now trade an Ethereum Classic (ETC) token for $18.40. Meanwhile, analysts have mentioned that Ethereum Classic needs to further increase development activity on the network as it is still significantly less than that of Ethereum. By market capitalization, Ethereum Classic is in the 27th position.
Now you can seamlessly unlock liquidity by leveraging your physical assets with Collateral Network’s revolutionary platform. This blockchain network assists users in borrowing money against their real-world assets by creating non-fungible tokens.
On Collateral Network, borrowers unlock liquidity at competitive interest rates, and lenders providing funds receive a weekly passive income, adding a new type of asset to their investments.
Protecting the privacy of users, Collateral Network unlocks liquidity without asking about credit history or any documentation from borrowers. People just need to send their physical assets, such as fine wines, watches, jewelry, artworks, and vintage cars, as collateral to the platform. The Collateral Network team assesses the market value and quality of collateralized assets with the help of artificial intelligence (AI).
After the assessment, the company mints fractional NFTs against borrowers’ assets and enables multiple investors to purchase these fractions to fund each loan. In return, lenders receive a weekly passive income, making it a 100% secure investment. Collateral Network does not grant liquidity only against any future income source.
Collateral Network has started its presale phase, and a COLT token is now available at $0.014. Collateral Network’s value is predicted to jump by 3500% during the presale round. Discounts on borrowing and lending fees, staking rewards, and governance rights are some of the benefits that COLT owners will get.
Find out more about the Collateral Network presale here:
Please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. CryptoMode is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.