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Could Cosmos Overtake Litecoin? Collateral Network Presale Explodes by Over 40% In Record Time

June 1, 2023 By Crypto Reporter PR

Recent exciting developments on the Cosmos (ATOM) and Litecoin (LTC) networks have investors anticipating which one will perform better. Meanwhile, Collateral Network (COLT) exceeds all expectations, surging by over 40% during its public presale.

>>BUY COLT TOKENS NOW<<

Collateral Network (COLT) – The First-Of-Its-Kind Lending Platform

Collateral Network raises the bar for all other altcoins on the market, set to revolutionize the lending process. Namely, Collateral Network is a ground-breaking new Web3 peer-to-peer lending platform that allows users to liquidate real-world assets quickly –using them as collateral and borrowing against them on the blockchain.

With its one-of-kind real-world utility, Collateral Network has become the go-to investment for crypto experts around the globe, all wanting to secure their share of this revolutionary project and be part of its journey to the top spot of the trillion-dollar lending industry.

Getting funds via Collateral Network is pretty straightforward. It starts with the borrower sending a real-world asset, like an art piece, watch, jewelry, etc., to Collateral Network. There, the fully-doxed COLT experts use AI to value the asset and store it in a highly-secure vault. Then, Collateral Network mints a 100% asset-backed NFT from the asset and fractionalizes it into smaller pieces, allowing many lenders to fund the loan with smaller amounts and get a weekly rate of interest in return.

Additionally, lenders that buy a fraction or multiple fractions of the NFT can build a diversified portfolio of many small loans and create a weekly passive income stream for themselves.
Once the loan is repaid, Collateral Network returns the asset to the borrower and burns the NFT.

This unprecedented real-world functionality enables people from all walks of life to get the funding they need, setting Collateral Network apart from all other lending platforms on the blockchain. Also, COLT token holders can benefit from numerous features, such as discounts on borrowing/trading fees, voting rights, passive income from staking, and access to online auctions of distressed assets (a process that COLT created to recover lenders’ funds in case a borrower defaults on a loan).

Collateral Network is currently in its public presale, which has surged by over 40% in record time. Namely, its initial price of $0.01 has jumped to $0.014, causing investors to flood the presale before the price rises again. Additionally, there is a 40% deposit bonus for those who buy COLT tokens now. Moreover, due to the project’s never-before-seen real-world utility and potential, experts predict it to deliver 3500% returns before being listed on major exchanges when it will increase by 100x.

What’s New at Cosmos (ATOM)?

Cosmos has seen a growth of over 4% following the announcement that the Stride Protocol will go live in the Cosmos (ATOM) ecosystem. Namely, this new Cosmos partnership will help improve its security by offering 15% of liquid staking rewards to Cosmos stakers.

Currently, the Cosmos (ATOM) token is trading at $11.14, with a 1.43% increase in 24 hours. Additionally, the Cosmos trading volume has increased by 13.74% since yesterday, with the Cosmos market cap following suit with a 1.45% increase.

Analysts believe that if the Cosmosprice breaks out, it could reach the $13.50 mark. However, if its Cosmos (ATOM) price trades the other way, it could drop to a yearly low of $8.80.

Which Direction Is Litecoin (LTC) Going In?

Litecoin is one of the few tokens that emerged as a winner as the Bitcoin congestion rages on. Namely, Litecoin has created hype around the Litecoin token due to the influx of BRC-20 tokens into the Litecoin LTC-20, with over 840 LTC-20 created so far. This has caused the number of Litecoin active addresses to surpass 4.3 million in the past week.

Currently, the Litecoin (LTC) token trades at $80.25, marking a 0.24% increase in the last 24 hours. The Litecoin market cap has increased by 0.26% in 24 hours. However, the Litecoin trading volume has decreased by 7.64% since yesterday.

Additionally, experts believe that the current Litecoin price has a lower strength and momentum after concluding that Litecoin continues to face resistance below the neutral line on the RSI, which is currently below 40.

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: The statements, views and opinions expressed in this article are solely those of the content provider and do not necessarily represent those of Crypto Reporter. Crypto Reporter is not responsible for the trustworthiness, quality, accuracy of any materials in this article. This article is provided for educational purposes only. Crypto Reporter is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Do your research and invest at your own risk.

Filed Under: Press Releases

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