Fantom (FTM) experienced a 7% surge as the market anticipates an upcoming update fueled by optimistic on-chain data. Investors are holding Fantom (FTM), evidenced by an 8% decrease in supply on exchanges.
Meanwhile, Collateral Network (COLT) offers even larger gains, revolutionizing the lending industry through its innovative crowdlending platform. With a 40% rally since the start of presale, early investors in Collateral Network (COLT) could potentially see a 3500% return.
Fantom (FTM), a high-performance and secure smart contract platform, facilitates quicker transactions and charges lower costs. At the time of writing, Fantom (FTM) is trading for $0.4574, with a 24-hour trading volume of $487.26 million and a market size of $1.27 billion, which has had a 131% YTD rise. Indeed, Fantom (FTM) is still optimistic despite being down 86.83% from it’s all-time high of $3.47.
New functionality for transacting with Fantom (FTM) and other native Fantom (FTM) tokens over Twitter was shown by the messaging app and cryptocurrency wallet iME. This could increase the usefulness and acceptance of Fantom (FTM).
On-chain data for Fantom seems positive. Investors prefer holding, as seen by the 8% decrease in Fantom (FTM) supply on exchanges during the previous month. Even if it reached a plateau after expanding during the first two months of 2023, the supply owned by big addresses still makes up more than 75% of the whole supply of Fantom (FTM).
In conclusion, Fantom (FTM) has performed well, increasing 131% YTD (year-to-date). Even if Fantom (FTM) is now trading below its all-time high, the integration with iME and optimistic on-chain indicators point to a promising future.
Collateral Network (COLT)
Collateral Network is a crowdlending platform driven by blockchain technology that is at the forefront of innovation in the multi-billion lending industry. Collateral Network makes it easier for individuals to borrow money and avoid the hassle associated with traditional lending institutions, by not having to fill out endless paperwork or go through invasive credit checks.
Collateral Network lets people obtain loans using valuable physical assets they own such as fine art, rare whisky, real estate, or watches. For example, let’s say Mike has a piece of art worth $70,000. Using the Collateral Network, he can use it as collateral and borrow against it.
He would send the artwork to Collateral Network (COLT), where it would be priced and verified, using artificial intelligence. The object would then be minted into an NFT, which would be backed 100% by the asset. The NFT is then franctionalized and broken up into smaller parts. This allows a range of lenders from all over the world to fund the borrower’s loan for a set rate of interest.
The whole process is handled on-chain via smart contracts meaning borrowers can raise funds seamlessly and lenders can become their own mini bank and decide what assets they wish to lend against.
This approach to peer-to-peer lending is unique to the crypto space and is set to change the asset-backed lending landscape forever with Collateral Network at the forefront of this.
The price of a Collateral Network (COLT) token has gone up by 40%, from $0.01 to $0.014. If the token gets to $0.35 before it hits the market, early buyers in Collateral Network (COLT) could receive a return of 3500%.
Find out more about the Collateral Network presale here:
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