Top market players believe that 2023 will bring joy to the crypto world as many new promising projects like Collateral Network (COLT) have entered. There have been limited crypto projects that have grabbed the attention of market bulls during their presale round.
Collateral Network (COLT) is one of those rare projects with real-world use cases and tokens available at only $0.01 currently in its presale. Meanwhile, FTX Token (FTT) and Cardano (ADA) investors desperately want to make an exit.
FTX Token (FTT) Has Almost Drowned
FTX Token (FTT) investors are desperately looking to leave the project as it has blown up after the scandal related to FTT. FTX Token (FTT) has come down more than 98% from its all-time high of $53.19. Although FTX Token (FTT) is trying to keep its head above water, market bears are not inclined to give any respite to the project. The price of FTX Token (FTT) has witnessed a significant fall of 32% in the last month.
Currently, the trading price of FTX Token (FTT) is hovering around $0.89. FTX Token (FTT) is a cryptocurrency exchange that deals with crypto derivatives. The FTX Token (FTT) was built to offer futures, leveraged tokens, and over-the-counter trading.
Cardano (ADA) Eyes Stablecoin To Boost Growth
Recent market data suggests that Cardano (ADA) has managed to breach the 4,000 smart contracts mark. Cardano (ADA) is one of the most developed blockchains in the crypto world. To boost customer confidence, Cardano (ADA) is planning to bring stablecoins into the network in 2023.
However, many projects working with stable assets have suffered lately, as maintaining a crypto’s parity with the U.S. dollar is challenging. Investors are also critically observing the Cardano (ADA) performance to make a decision on the project. Thus, the launch date of the Cardano (ADA) stablecoin is yet to be announced.
The price of Cardano (ADA) has fallen more than 16% in the last 30 days. Consequently, the trading price of Cardano (ADA) has dropped to $0.25, which is 92% below its all-time high of $3.10.
Collateral Network (COLT) Makes Big Profitable Waves
With its unique business roadmap and value proposition, Collateral Network (COLT) has set itself on a golden path of growth.
Collateral Network (COLT) is the world’s first Ethereum-based platform that exclusively caters to the practices of lending and borrowing, outdated industries in dire need of decentralization. Collateral Network (COLT) aims to revolutionize these archaic sectors with a web3, peer to peer crowdlending platform.
Collateral Network (COLT) allows borrowers to unlock cash from their physical assets like luxury watches, supercars and more. To do so, Collateral Network (COLT) mints fractional NFTs, which are backed by the physical assets. To lend funds to borrowers, investors can purchase parts of these fractional NFTs, with their capital serving as the loan. Moreover, lenders will be eligible to get a fixed income on a weekly basis, as they earn a share of the fixed interest paid by the borrower.
COLT is the native crypto of Collateral Network (COLT). At the beginning of the presale round, the price of COLT tokens is set at $0.01. However, the value of Collateral Network (COLT) is predicted to grow by 35x in the next few months due to its uniqueness and real-world use cases.
Find out more about the Collateral Network presale here:
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