Home News Stand Could Arbitrum (ARB) overtake Filecoin (FIL)? Collateral Network (COLT) set to outshine...

Could Arbitrum (ARB) overtake Filecoin (FIL)? Collateral Network (COLT) set to outshine both in presale.

Cryptocurrency enthusiasts are always looking for promising projects that could disrupt traditional industries and revolutionize how we interact with technology. In recent years, Arbitrum (ARB) and Filecoin (FIL) have garnered significant attention for their innovative approaches to blockchain scalability and decentralized storage. However, the crypto market is dynamic, and a new contender, Collateral Network (COLT), is generating a buzz with its unique features and expected growth of 3500%. In this article, we will explore the potential of Arbitrum (ARB) and Filecoin (FIL) and analyze why Collateral Network (COLT) could surpass them both in its presale, attracting attention from investors and crypto enthusiasts alike.

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Arbitrum (ARB)

Arbitrum (ARB), at the time of writing, is priced at $1.24. However, according to CoinCodex, the value of Arbitrum is predicted to decrease by 63.07% and reach $ 0.427927 by April 14.

According to an article published early Sunday morning, the Arbitrum Foundation started trading ARB coins for stablecoins before the governing forum of token-holders officially “ratified” the company’s almost $1 billion budget.

Arbitrum started airdropping more than one billion ARB coins to close to 300,000 wallets last week to give users more control over the network, a recurrent theme in the crypto community. ArbitrumDAO, the organization that decides on initiatives like AIP-1, is believed to be made up of investors of the ARB coin.

McCorry clarified that AIP-1 wasn’t a vote, at least not regarding the budget proposals. He said that the Arbitrum Foundation was already using the tokens it had ostensibly been designated to receive.

Filecoin (FIL)

According to MarketBeat, Filecoin (FIL) price prediction, news, and analysis as of April 2023 show that the protocol is designed to make file storage and retrieval more secure, reliable, and cost-effective than traditional centralized storage systems.

Cryptopolitan reports that Filecoin price analysis as of April 1st, 2023 is bullish today, with FIL/USD support at $5.47 and resistance at $5.78.

Medium also reports that Filecoin (FIL) allows users to directly store information for someone else from their neighborhood, region, or even the other side of the world with some spare space on a hard drive.

An anticipated price hike depends on the Filecoin Improvement Proposal (FIP), Filecoin’s upcoming significant upgrade, being approved. The network may benefit from this upgrade in several ways, including quicker data retrieval, higher storage capacity, and enhanced security features. If accepted, this FIP will likely stimulate interest in Filecoin, which will raise the value of the cryptocurrency.

Collateral Network (COLT)

With the help of the cutting-edge platform Collateral Network (COLT), you can access money by utilising the value of your most prized possessions as collateral.

What, then, is the operation of Collateral Network (COLT)? Consider a scenario where you have a priceless work of art but need funds to complete a new venture. You can borrow money using the artwork as collateral rather than having to sell it. Collateral Network (COLT) stands out because it creates an NFT that represents the collateralized asset, bringing an off-chain asset on-chain.

Collateral Network (COLT) fractionalizes this NFT into smaller pieces to enable numerous lenders to participate in the same loan for an agreed rate of interest. This provides the borrower with institutional level liquidity as the lenders can be from anywhere in the world and exposes the lending sector to new funding sources.

Collateral Network (COLT) platform’s native coin is called COLT. It is used to cover platform costs and gain access to exclusive benefits like discounts on borrowing and lending as well as staking incentives.

Despite recent prospects of Arbitrum (ARB) and Filecoin (FIL), investors are still exhibiting a strong interest in Collateral Network (COLT), which is currently in its presale stage. Investors seek to profit from the project’s predicted price increases which is set to be in the 35x range.