Fake News Impacts Tron (TRX) Price, Experts Expect Uniswap (UNI) and Collateral Network (COLT) To Soar Soon

This article describes the recent impact of fake news on Tron (TRX), how Collateral Network (COLT) is making headlines with a 3500% growth prediction, and how Uniswap (UNI) is warming up for new highs.

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What is Tron (TRX) crypto?

Tron is a decentralized blockchain-based operating system created to provide full ownership rights to makers of digital content. The Tron software supports smart contracts, various kinds of blockchain systems, and decentralized applications (dApps).

On April 11, a controversial Twitter account posted false information about the founder of Tron – Justin Sun. The account mentioned that Sun was handcuffed by law enforcement officers in Hong Kong, creating FUD in the Tron project. This rumor led to a loss of over $400m in Tron market capitalization in just one hour.

Justin Sun debunked the fake news by replying with 4 which signifies “Ignore FUD, fake news, attacks, etc.” The Tron founder had been actively sharing developments from his Hong Kong tour as well. Thankfully, the price of Tron bounced back almost immediately.

As of press time, Tron (TRX) is trading at $0.068, almost a 3% rise in the past seven days.

What is Uniswap (UNI)?

Uniswap is a decentralized trading exchange of the automated market maker (AMM) model. Uniswap enables the automated trading of cryptocurrencies. Although it launched in 2018, Uniswap gained popularity in 2020 with the DeFi phenomenon and the associated surge in token trading.

Nevertheless, Uniswap has been on a downtrend as it is with most cryptocurrencies. But experts predict it will soar soon because DeFi is still a hot trend. Also, Uniswap developers have been working hard to improve the platform. Recently, a proposal was passed to launch Uniswap on Polygon’s zkEVM. The goal is to provide validation and fast finality for off-chain transactions. Uniswap (UNI) is now trading at $5.38.

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Collateral Network (COLT) groundbreaking lending protocol

Collateral Network is an innovative, groundbreaking crowdlending platform that utilizes blockchain technology to restructure traditional lending procedures. Collateral Network enables borrowers to unlock liquidity from their tangible assets, such as jewelry, real estate and fine wine.

The team at Collateral Network values the assets and mints NFTs to represent them. Also, the assets are stored in a secured vault. The NFTs are further fractionalized to allow many lenders to contribute to the loan when they buy NFT fractions with small capital.

This is how Collateral Network benefits both borrowers and lenders. Borrowers get instant funds and lenders receive a weekly income at a fixed interest rate. When loans are repaid, assets are redeemed from the vault and returned to borrowers while the NFTs are burned. In the case of distressed loans, the assets are auctioned off to holders of the Collateral Network token.

Additionally, Collateral Network token holders enjoy numerous benefits, including improved borrowing rates, fee reductions, and staking rewards. Based on the network’s unique model, the ongoing Collateral Network (COLT) presale presents an excellent opportunity for smart investors to purchase the token at only $0.014 before it skyrockets by 3500% as predicted by experts.

For more information on Collateral Network visit the website, join the presale or join the community for regular updates.

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

None of the information on this website is investment or financial advice. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website.