The most profitable crypto project, Collateral Network (COLT), is selling out fast during its presale, and its value has skyrocketed. Crypto enthusiasts across the world are paying attention to Collateral Network, as it holds massive growth potential.
Meanwhile, Chainlink (LINK) and Ethereum Classic (ETC) have shown bearish results, discouraging their holders. Therefore, even investors of LINK and ETC are jumping ships to COLT. Let’s dwell deeper and see its intricacies.
Chainlink’s Staking Feature Falls Short Of Expectations
About six months have passed since Chainlink launched its staking feature to enhance the network’s economic security. However, the new feature has failed to attract new stakers to the network, and Chainlink’s (LINK) price has also declined since then.
The market value of Chainlink has dropped by more than 10% since the introduction of the new staking feature. At press time, Chainlink is changing hands at $6.41.
However, to prevent its price from falling further, Chainlink has undergone new developments. Enhancing DeFi capabilities, Chainlink is now live on the Optimism network. Under this collaboration, Chainlink aims to facilitate secure and reliable data transfers, and reduce transaction costs. This, in turn, can increase development activity on the Chainlink network.
Ethereum Classic Sees Surge In Hashrate
The Ethereum Classic community is going through a mix of emotions, as the platform’s hasrate is rising but price has been falling for a long time. Ethereum Classic’s hashrate was 104 TH/s at the beginning of 2023, and has now increased to 112.12 TH/s on June 1. As per experts, increasing hashrate indicates a rise in development activity on the Ethereum Classic network.
However, the value of Ethereum Classic has plummeted by 7% in the past month. As a result, Ethereum Classic is currently trading at $18.01. This mixed market performance has left Ethereum Classic investors in a lurch. Meanwhile, Ethereum Classic has announced that it would organize the first Proof-of-Work Summit in September.
Collateral Network Becomes Market Champion
Collateral Network is a crowdlending platform that has made the credit industry more accessible, by allowing physical assets to be used as collateral. If you have a collection of fine wines, you can take loans against them on Collateral Network. You can also use a range of non-traditional assets, including fine arts, watches, vintage cars, and more.
You can send your real-world assets to Collateral Network, and can obtain a loan at a competitive interest rate within 24 hours. The company will use artificial intelligence to generate algorithmic lending rates. Collateral Network will mint fractional NFTs against the asset, which will be stored in its vault until the repayment of the loan.
The fractional NFTs are purchased by investors in an open marketplace. Investors on Collateral Network will get a fixed income every week. COLT token holders will get discounts while lending or borrowing on the platform.
The price of a presale Collateral Network (COLT) token is currently at $0.014, and is traveling strongly toward a 3500% increase in the next few weeks. Presale Collateral Network token owners will gain exclusive entry into the VIP club. So, what are you waiting for? Invest in Collateral Network today, and earn 100x profit by the year’s end.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Presale: https://presale.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
Disclaimer
Please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. CryptoMode is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.
