The crypto sector is notoriously secretive and shady. In the most recent example, the collapse of the well-known cryptocurrency exchange FTX left many investors unsure of what had become of their funds.
The two largest cryptocurrency exchanges, Binance Coin (BNB) and Huobi Token (HT), were unable to provide investors with any guidance in the wake of the FTX crash, leading to a loss in investor confidence and plummeting prices.
On the other hand, Collateral Network (COLT) is anticipated to rise in value by 35x during its presale.
Huobi Token (HT)
Huobi is a cryptocurrency exchange operating out of Seychelles. The enterprise, which runs in over 130 countries, is built on the Ethereum (ETH) blockchain and has offices in Singapore, USA, Hong Kong, Japan and Korea.
As of 22 December 2022, its trading volume placed it in the top 17 of all 242 cryptocurrency exchanges, according to CoinMarketCap.
Huobi Token (HT) is Huobi’s native cryptocurrency. Huobi Token (HT) goes by the ticker symbol “HT” on the exchange’s trading platform.
Huobi Token (HT) is accepted on most exchanges, has a low trading cost (65% off), and may be exchanged for other cryptocurrencies. Huobi Token (HT) holders can stake their coins to unlock a fresh supply of tokens.
The value of Huobi Token (HT), HT, has fluctuated a lot along with other cryptocurrencies. In November 2022, the market plummeted when it was revealed that 10,000 Ether had been moved from a Huobi Token (HT) wallet to deposit wallets in Binance and OKX.
As a result, Huobi Token (HT) is currently priced at $5.58, mostly as a result of the FTX (FTT) exchange’s failure.
Binance Coin (BNB)
A lack of information about the financial status of Binance Coin (BNB) has thrown the cryptocurrency market into chaos.
The US Department of Justice is investigating Binance, one of the biggest cryptocurrency exchanges, for alleged breaches of money laundering as well as sanctions laws.
In the wake of the FTX’s demise in November 2022, its outsized position and influence on Binance Coin (BNB) have come under greater scrutiny. Given the current uncertainty, traders are keeping a close eye on the Binance Coin (BNB) blockchain.
Since the cryptocurrency market meltdown, the price for Binance Coin (BNB) is already falling, with Binance Coin (BNB) currently standing at $326.10. Binance Coin (BNB) fell by 16% in the first two weeks of December 2022 and Binance Coin (BNB) seems to continue falling as we go into 2023.
Collateral Network (COLT)
Collateral Network (COLT) is a decentralized, peer-to-peer lending platform built on the Ethereum (ETH) blockchain. Collateral Network (COLT) has been dubbed “the challenger lender” by experts in the financial services sector.
Loans backed by physical assets are now available on the blockchain via Collateral Network (COLT). Individuals function as “virtual banks” by lending money to other members on the platform at a fixed rate of interest. This is possible through the use of fractionalized NFTs, minted to represent the physical assets and bought by lenders to fund the loan. This also permits the lenders to receive a share of the interest.
The Collateral Network (COLT) ecosystem also contains a marketplace and other valuable features besides the crowdlending system. The COLT token functions as the platform’s native currency and grants numerous benefits to holders like governance rights and staking.
There will be a total of 1.4 billion Collateral Network (COLT) tokens in circulation once the network is up and running. However, only 50% of those tokens will be sold during the presale, currently priced at $0.01.
The Collateral Network (COLT) price is predicted to increase by 35x in the next six months as a result of the numerous benefits that it offers to both lenders and borrowers in the crypto space.
Find out more about the Collateral Network presale here:
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