The bearish outlook of the market has prompted investors to leave projects like Litecoin (LTC) and Binance (BNB) behind, and choose Collateral Network (COLT) for assured profits.
The presale of Collateral Network has begun, and analysts believe that COLT will rise by at least 35x in the next six months.
Bears Push Litecoin (LTC) Into Cold Waters
Although the overall market turmoil has hampered the growth run of Litecoin (LTC), the project has been able to record a major milestone. Litecoin (LTC) has been able to maintain its transaction consistency on Bitpay.
In February, Litecoin (LTC) controlled 23.71% of all transactions on BitPay. Notably, Litecoin (LTC) has registered the second-highest number of transactions in the last six months, after Bitcoin. However, the price movement of Litecoin (LTC) has not been encouraging for investors.
The price of Litecoin (LTC) has fallen by 24% in the last seven days. Moreover, Litecoin (LTC) has plummeted by 27% in the last 30 days. At present, Litecoin (LTC) is being traded at $68.99, which is 83% below its peak of $412.96.
Binance (BNB) Gets Into Tussle With US Authorities
Binance (BNB) has been the focus of US authorities for the last few weeks. Firstly, it was alleged that Binance (BNB) has misappropriated funds into crypto hedge funds just as was done by the FTX Exchange, which collapsed last year.
Secondly, a Wall Street Journal report has claimed that the user data of Binance USD, a corporate arm of Binance (BNB), is prone to get compromised by China-based entities. These events have marred the market performance of Binance (BNB).
The value of Binance (BNB) has fallen by 5% in the last seven days. Consequently, Binance (BNB) trades at $277.46, which is 60% below its all-time high of $690.93. In terms of market capitalization, Binance (BNB) is currently ranked 4th.
Collateral Network (COLT) Shoots Up To New Heights
Collateral Network (COLT) has stunned crypto experts with its huge value proposition and market viability.
Collateral Network (COLT) is built on the Ethereum blockchain, and its primary aim is to enable people to borrow capital against their real-world assets that range from real estate properties to fine wines and even luxury sportscars.
Conventional banks do not accept non-traditional assets as collateral, but, Collateral Network (COLT) provides borrowers with the flexibility to unlock liquidity from these assets in a decentralized peer-to-peer platform.
To facilitate crowdlending, Collateral Network (COLT) will mint fractional NFTs against these assets, backed 1:1, which will enable multiple lenders to fund the loan and earn a fixed rate of interest.
COLT, the platforms native token, grants holders various benefits on the ecosystem like staking, governance rights, discounts and even access to exclusive VIP groups.
It is no surprise that Collateral Network’s (COLT) presale has become an instant hit in the market. The presale for COLT is available at $0.01. Its price is expected to surge to $0.35 before the end of the presale phase.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Presale: https://app.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
