As the cryptocurrency market continues to gain popularity, some digital assets stand out from the rest. Cardano (ADA), BNB (BNB) and Collateral Network (COLT) are such tokens. Significantly, Collateral Network (COLT) is currently in its presale, and experts expect a 3500% surge before its end.
Cardano (ADA)
Cardano (ADA) has been under the spotlight recently, mainly due to public appearances by its founder. The high-performance network could see some positive action going forward.
Cardano (ADA) is a decentralized, open-source platform that provides a secure and reliable environment for developers to build decentralized applications (dApps). Its founder is Charles Hoskinson, one of the co-founders of Ethereum (ETH). ADA is the native token of the Cardano (ADA) network, used for transaction fees and governance.
Recently, the Cardano (ADA) community launched a new quarterly magazine to drive the adoption of Cardano (ADA) technology. The magazine features articles and interviews with industry experts, developers and members of the Cardano (ADA) community. This publicity could help boost Cardano (ADA) going forward.
BNB (BNB)
BNB (BNB) has seen some downward pressure, due to Binance’s legal troubles. However, traders are still betting on this token.
BNB (BNB) is a cryptocurrency by the popular cryptocurrency exchange, Binance. As the exchange’s native token, BNB (BNB) originally served for trading fees on Binance. BNB (BNB) has since expanded to serve as the native token of the Binance Smart Chain (BSC). The token has numerous use cases and a thriving ecosystem.
However, Binance’s recent legal troubles could seriously hurt the token. The Commodity Futures Trading Commission (CFTC) has alleged that Binance violated compliance rules to attract U.S. users. This is a potentially existential threat to the exchange, but BNB (BNB) has managed to maintain its value.
Despite the recent legal troubles faced by Binance and its founder Changpeng Zhao, BNB (BNB) is relatively stable in the market. This proves that BNB (BNB) has a strong community of traders that believe in its success.
Collateral Network (COLT)
Collateral Network (COLT) is a blockchain-based platform that aims to disrupt the lending industry by offering a peer-to-peer lending solution.
Collateral Network (COLT) uses the blockchain to provide instant and secure loans to borrowers using their physical assets as collateral. Anyone can put up their luxury cars, fine art, real estate, collectibles and more to get fast loans on Collateral Network (COLT) once they have been authenticated by the team. Lenders will then be able to provide funds for the loans through minted fractionalised NFTs which represent the assets, for a small sum of money at a set interest rate and time frame. Once the loan has been raised fully, the borrower will then repay the lenders for their funding contributions and the asset will be returned. Although, if the loan is not repaid, with its added interest, the asset will be sold at auction in order for the lenders’ funds to be paid back.
Collateral Network (COLT) is currently on the Ethereum (ETH) network. However, the Collateral Network (COLT) team has plans to build multichain capabilities to improve transaction speed and reduce gas fees.
COLT has recently announced its presale, with analysts predicting a 3,500% (35x) price increase before it ends. The initial starting price is $0.01, and the token is expected to surge by 100x when it lists on major exchanges.
The Collateral Network (COLT) team tokens are locked for two years, and the liquidity pool is locked for 33 years. Additionally, the Collateral Network (COLT) token smart contract has been fully audited, ensuring the safety of user funds.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Presale: https://app.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
