There may be many investment options in the crypto market, but not all of them can be considered good. Most cryptocurrencies are trading in the red zone due to the overall market downfall. Stacks (STX) and Fantom (FTM) are two such projects that are suffering from bearish bias. However, a new project, Collateral Network (COLT), is scripting a new growth story as it is predicted to rise by 3500% during its presale. Let’s read more about this new blue-chip project.
Binance Lends Support To Stacks’ (STX) Upgrade And Hardfork
Market adoption of Stacks has increased manifold in 2023. While a larger part of its credit goes to the strong rebound of Bitcoin, Stacks’ recent development activities and upcoming events have also played a significant role in the rise of STX. In the latest event, leading crypto exchange, Binance, disclosed that it would support the upcoming upgrade and hardfork of the Stacks network.
After the announcement, Stacks witnessed a surge of more than 10% in its value on the daily price chart. However, Stacks is still down by 2% on the weekly chart. At the time of writing, Stacks is trading at $0.79. Investors are worried about Stacks’ growth in upcoming weeks as the network is witnessing a decline in its total value locked (TVL).
Fantom (FTM) Enhances Its Network Security
Amid the rising incidents of hacking and crypto theft, Fantom has taken steps to protect its network from any cyber-attacks. In the latest event, Fantom has added tools of security firm De.Fi to bolster its network. Under the partnership, Fantom will provide its users with protection against phishing attacks, rug pulls, and contract exploits.
Integration of De.Fi’s Web3 Defense Suite into Fantom’s ecosystem is aimed at increasing the demand and user base of FTM. This is quite critical for the Fantom network as its prices have been falling for the past many weeks. The market value of Fantom has plunged by 6% in the past month. Consequently, Fantom (FTM) is available to trade at $0.42 at the time of writing.
Collateral Network (COLT) Offers 100x Bigger Gains
Collateral Network is a one-of-a-kind blockchain platform that aids people in unlocking liquidity from tangible assets, such as fine art, vintage cars, watches, and more. On this platform, people can obtain the best flexible loans at competitive interest rates.
People who wish to take a loan need to send their physical assets to Collateral Network (COLT). After receiving borrowers’ collateralized assets, the company’s internal team verifies and assesses them with the help of an artificial intelligence-powered mechanism.
After this, Collateral Network (COLT) stores the assets safely in its vault, and mints non-fungible tokens against them, fractionalizing them in the process. Investors can purchase Collateral Network’s NFTs from a decentralized marketplace, and fund loans for borrowers. Simultaneously, lenders are enabled to set the interest rate before granting loans, and receive a fixed income per week.
The demand for Collateral Network (COLT) tokens has skyrocketed during the presale round. The market acceptance of Collateral Network’s initial coin offering has surpassed expectations, as presale COLT tokens offer exclusive access to the VIP members club. At press time, a COLT token can be locked at $0.014, and is anticipated to surge by 3500% during the presale phase.
For more information on Collateral Network visit the website, join the presale or join the community for regular updates.
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