Place/Date: - April 28th, 2023 at 9:35 am UTC · 4 min read
Source: Collateral Network
PancakeSwap (CAKE) and Cardano (ADA), two popular cryptocurrencies, are facing a new challenger in the form of the Collateral Network (COLT) rapid ascent. With its innovative features and growing community support, COLT threatens to disrupt the crypto market with its forecasted 3500% price increase, and potentially displace established players like CAKE and ADA.
PancakeSwap (CAKE), a decentralized cryptocurrency exchange, has declared the upcoming release of the PancakeSwap V3 exchange. The new PancakeSwap (CAKE) exchange will be available on Binance Smart Chain, and is set to launch in April. The head chef of PancakeSwap (CAKE), Mochi, has stated that PancakeSwap V3 will offer features such as trading incentives, competitive trading fees, enhanced liquidity provisioning and an improved yield farming experience.
A campaign for early supporters of this exchange has been initiated by PancakeSwap (CAKE). It comprises two components – exclusive PancakeSwap V3 NFTs and PancakeSwap (CAKE) token airdrops.
If any users have staked liquidity in PancakeSwap (CAKE) Masterchef V2’s chosen liquidity pools before March 5th 2023, and hold onto that liquidity by 12:00 UTC, April 3rd 2023, they will qualify for the PancakeSwap (CAKE) airdrop.
PancakeSwap (CAKE) has not shown any price gain after the launch’s announcement. It is currently trading at $3.73, with no signs of growing anytime soon.
Developers of Paima Studios announced the release of a new feature for the Cardano (ADA) blockchain, on Monday, through a tweet. It became feasible due to Paima being a layer 2 network, which operates independently and bundles transactions to a base blockchain.
Cardano (ADA) users can now participate in on-chain games through new cross-chain network integration. It indicates that Cardano (ADA) holders can now play any blockchain-based games without requiring token bridging to another network.
Additionally, other networks’ users can also play Cardano (ADA)-based games. However, they will need to use Cardano (ADA) tokens. Investors expect this integration to surge the Cardano (ADA) price, but impressive progress has yet to be reported. Thus, Cardano (ADA) investors need to show more faith in this new development. Currently, Cardano (ADA) is trading at a live price of $0.3925, which is a drop of 0.15% within a day.
Collateral Network (COLT) has emerged as a Web3 peer-to-peer lending platform that leverages blockchain technology. Collateral Network (COLT) permits individuals from anywhere in the world to borrow money by putting their real-world assets as collateral on the platform. People will be able to use their valuable assets like art pieces, real estate and even high-end fine wines to borrow funds using the Collateral Network (COLT) platform.
The platform eliminates the need for borrowers to physically visit a store and negotiate the value of their assets. Instead, Collateral Network (COLT) uses artificial intelligence (AI) to offer a complimentary valuation service.
Additionally, the decentralized structure of Collateral Network (COLT) empowers lenders with full control of their loan book and becoming their own bank by lending small amounts of money towards the fractions of the fractionalised NFTs that will represent the assets for the loans they are funding.
People owning the Collateral Network (COLT) native token, COLT, will gain access to many benefits offered by the Web3 lending ecosystem. It includes access to VIP groups, discounts and staking rewards.
Currently, the Collateral Network (COLT) community can enjoy these perks by purchasing the token at $0.014, which has already increased from $0.01, a 40% increase as it stands so far. Experts predict that the value of Collateral Network (COLT) token will skyrocket by 3500% to reach $0.35 in the upcoming months.
Find out more about the Collateral Network here: Website, Presale, Telegram, Twitter.
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