The cryptocurrency world is currently dominated by the talks of Collateral Network’s (COLT) presale success. Collateral Network is a new project that has become the favorite of bulls and experts for its uniqueness and high growth potential. Therefore, its presale round has logged an astounding success. On the other hand, projects like Ethereum Classic (ETC) and Bitcoin Cash (BCH) have been trying to evade the clutches of bears.
Ethereum Classic (ETC) Faces Severe Challenge From Ethereum
Ethereum Classic seems to have been trapped in a bearish phase, as it has been moving downward for the past many weeks. The price of Ethereum Classic (ETC) has plummeted by more than 7% in the past month. As a result, Ethereum Classic (ETC) is now available to trade at $18.40.
According to market analysts, the major reason behind Ethereum Classic’s latest fall is the rollout of Shanghai Upgrade by Ethereum. They say that the Shanghai Upgrade has made Ethereum more lucrative than Ethereum Classic, with the addition of some pivotal features.
Meanwhile, Ethereum Classic has also become a subject of criticism for organizing a summit on the Proof-of-Work consensus mechanism. Critics complain that projects working on the PoW consensus mechanism, including Ethereum Classic, consume a high amount of energy.
Bitcoin Cash (BCH) Backs CashTokens’ Utility
Bitcoin Cash has been on a roll to introduce new upgrades and products to the network. Recently, Bitcoin Cash introduced the CashTokens feature on the network, which many hailed as a revolutionary upgrade. The upgrade will allow anyone to issue and utilize CashTokens, which possess the same property as BCH, on the Bitcoin Cash network.
However, contrary to expectations, Bitcoin Cash has not seen any improvement in its price after the introduction of CashTokens. The price of Bitcoin Cash (BCH) has tumbled by 2% since the CashTokens launch. As a result, Bitcoin Cash (BCH) is now trading at $116.35. Meanwhile, some experts believe that the new feature may start benefiting the Bitcoin Cash network in the upcoming weeks.
Collateral Network (COLT) Investors Set For 3500% Presale Profit
Collateral Network is a cutting-edge blockchain platform that enables users to unlock liquidity by leveraging their physical assets. Banks do not entertain non-traditional assets like fine wines, art, watches, and vintage cars, for issuing loans. But Collateral Network enables you to unlock liquidity against such assets within 24 hours.
Users need to send their tangible assets to the team of Collateral Network from across the globe. After receiving borrowers’ assets, the company will assess their quality and value. Next, Collateral Network will send the assets to its secure vaults and will create fractionalized NFTs that represent them. These NFTs are sold in a decentralized marketplace, where potential lenders purchase them to give liquidity to borrowers.
Collateral Network provides borrowers with liquidity at a competitive interest rate. As for lenders, they receive a weekly passive income in return. Besides, in case of a loan default, the defaulter’s collateralized assets are auctioned to recover the funds of investors.
Collateral Network’s (COLT) presale has become a massive success, and its tokens are currently available at $0.014. The growth rate of Collateral Network is projected to soar by 3500% before the end of the presale phase. It is likely to surge by 100x after hitting crypto exchanges. The presale COLT owners will gain exclusive access to the VIP members club.
Find out more about the Collateral Network presale here:
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