Place/Date: - April 3rd, 2023 at 12:22 pm UTC · 4 min read
Source: Collateral Network
Collateral Network (COLT) stands out in the crowded crypto market by offering borrowers a seamless method of unlocking the liquidity of their physical assets. Having seen predictions of a 35x price increase, the project’s presale continues to surge in popularity.
While PancakeSwap (CAKE) and Polygon (MATIC) have struggled as of late, they remain popular investment choices due to their immense upside potential.
People know PancakeSwap (CAKE) for its multiple offerings such as cryptocurrency staking, NFTs purchase through its own marketplace, trading, etc. PancakeSwap (CAKE) has operated as a decentralized exchange (DEX) on the Binance Smart Chain.
It allows users to swap cryptocurrencies directly on PancakeSwap (CAKE) trading network without third-party involvement like Uniswap. In fact, it provides a diverse range of features for various types of traders.
The PancakeSwap (CAKE) platform is designed for BEP-20 tokens, and can be accessed by connecting a wallet like MetaMask. The platform has over 110,900 active addresses, as per recent data.
Although the high number of active addresses on the PancakeSwap platform indicates a healthy demand for the Binance Smart Chain, it doesn’t necessarily mean there will be significant demand for the CAKE native token.
Reports say that the value of PancakeSwap (CAKE) has been decreasing since February 9th. Currently, it’s available at $3.77. PancakeSwap (CAKE) has lost around half of its gains since the beginning of 2023.
Polygon (MATIC) is a layer-two scaling solution that intends to enhance the scalability and capabilities of blockchain networks. It makes Polygon (MATIC) a favored option for companies in the blockchain space. Polygon (MATIC) has closed several agreements with prominent businesses.
The platform is also hosting multiple hackathons to attract more developers. Currently, Polygon (MATIC) is facing some issues despite these achievements that have caused a decrease in its value.
CoinGecko stated that January 2023 was a tough month for the crypto job market, with Polygon (MATIC) laying off 20% of its staff. Experts suggest that lower trading volumes and decreased revenues were the main causes behind Polygon’s (MATIC) decision.
There’s news that Polygon (MATIC) layoffs will continue into 2023 as the company struggles with a harsh crypto winter and bankruptcies. Polygon (MATIC) reached its all-time high in 2021, but its value has decreased by 67%.
The current price of Polygon (MATIC) is $1.18, which is lower than investors’ expectations. Thus, many investors are selling their Polygon (MATIC) holdings, and looking for more promising investment opportunities.
Collateral Network (COLT) has transformed the lending market by offering borrowers asset-backed loans using NFTs, with no credit checks and a hassle-free process. Collateral Network (COLT) is the world’s first asset-backed crowdlending marketplace that links peer-to-peer lending with off-chain assets.
The platform’s model allows borrowers to take a loan using their physical assets, such as fine wines and watches, as collateral. The platform mints fractional NFTs against these physical assets, which can be sold to lenders as a way to fund the loan. This enables multiple lenders to fund the borrowers’ loan whilst they earn a fixed interest rate.
The project’s native COLT token grants holders various benefits ranging from governance rights to staking rewards and even access to exclusive VIP groups, where users can access auctions for distressed assets.
Collateral Network (COLT) holders are expected to see a substantial increase in value, estimated to be around 3500%, within the coming months. The initial price for Collateral Network (COLT) is set to $0.01, expected to increase to $0.35 as the presale phase progresses, so don’t miss out on this upcoming crypto giant.
Find out more about the Collateral Network here: Website, Presale, Telegram, Twitter.
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