Huobi Token (HT) experienced a poor performance throughout March, with daily trading volume dropping to lows of $6m. However, the value of Huobi Token (HT) has surged over the last week following Q1 profit announcements. Meanwhile, Binance Coin (BNB) and Collateral Network (COLT) have been outperforming the market, offering great returns to holders, COLT specifically with a projected 35x return.
Huobi Token (HT) Records $30M In Q1 Profits
After months of price declines, Huobi Token (HT) has increased in price by 5.86% in the past five days, with one Huobi Token (HT) selling for $3.79. This news comes after Justin Sun, the Huobi Global advisor, announced a profit of $30m in the first quarter.
In total, Huobi Token (HT) recorded a revenue of $150m in Q1, despite several issues following the collapse of FTX. Sun has now stated that Huobi Token (HT) could generate a revenue of $187m with an expenditure of $76m in Q2, resulting in a profit of $111m for Huobi Token (HT).
However, given Justin Sun’s recent controversy with the US SEC, not all investors are confident in his predictions. Therefore, the Huobi Token (HT) daily trading volume has averaged $18m, with a 4.76% decline from the 12th to the 13th April.
Binance Coin (BNB) Goes Live With Its Greenfield Congo Testnet
On the 11th of April, Binance, the exchange powered by Binance Coin (BNB), announced that its highly anticipated Greenfield ‘Congo’ testnet was live. This testnet will allow for decentralized data storage, cross-chain communication, and access control for developers, potentially revolutionizing the Binance blockchain while pushing up the price of Binance Coin (BNB) in both the short term and the future.
This announcement has resulted in a 2.96% price increase in Binance Coin (BNB), which is currently selling for $323.56, a 5.22% monthly increase for Binance Coin (BNB). After a recent dip, experts now believe that Binance Coin (BNB) could experience additional price surges, similar to that of Ethereum (ETH) and Bitcoin (BTC) in recent weeks.
However, with regulatory complications going on in the background, some investors have chosen to stay away from Binance Coin (BNB).
Investors Capitalize On Early Collateral Network (COLT) Price Surges
Collateral Network (COLT) is on track to offer better returns than the industry’s top-performing mainstream assets, including Huobi Token (HT) and Binance Coin (BNB). Created to disrupt the pawnbroking industry, Collateral Network (COLT) lets individuals take out short-term loans backed by their physical assets.
Collateral Network is designed to streamline the lending process, removing the red tape associated with the traditional market. On average, borrowers can receive cash in 24 hours, and borrowing never impacts their credit rating.
The platform accepts a number of high-value assets, such as luxury supercars, whiskeys, diamonds, real estate and more. These assets are brought on chain using NFT technology. Each asset is minted as an NFT and backed 1:1. The NFT is then fractionalized and advertised to lenders throughout the marketplace, who can lend money in return for a fixed interest rate. Lenders can partially fund several loans and create a diversified portfolio of small loans becoming their own bank in the process.
In total, 38% of the Collateral Network token supply will be sold to the public during its presale. COLT token holders will earn rewards throughout the Collateral Network ecosystem, with buyers who purchased during the presale having access to a VIP members club.
By buying during the presale, you can get the token before it is released to the public. The first phase of the presale starts at $0.014 per COLT token, and a 40% bonus offer is available for a limited time with analysts predicting a presale high of $0.35 . Act fast as the price is set to increase this week.
Find out more about the Collateral Network presale here:
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