The launch of many cryptocurrency projects has increased the competition among them. However, Collateral Network (COLT) is a rare project with no competitors; thus, it has massive growth potential. Helium (HNT) and TRON (TRX) have also gained from market revival.
Helium (HNT) Gains After Solana Migration
Helium’s (HNT) much-awaited migration to the Solana blockchain is now complete, and the project seems to be on the winning side. The value of Helium’s new IOT token has surged more than 200% since its migration to Solana. IOT tokens will always have the backing of the native token of Helium and can be converted to HNT anytime.
Hence, the Helium community hopes that the ballistic rise of IOT may have a positive effect on the price of HNT. At present, the value of Helium (HNT) is up by 30% on the monthly price chart. Thus, Helium (HNT) is currently changing hands at $1.81. Earlier, Binance had delisted Helium after the latter announced its migration to Solana.
TRON’s (TRX) Network Adoption Increases
TRON (TRX) has reached a new milestone in network adoption due to its recent developmental efforts. According to the latest data, the number of accounts on the TRON network has crossed the milestone of 156 million. Due to this development, TRON has been at the top of the list of blockchains with the highest daily active user count.
It has also influenced the price movement of TRON positively. The market value of TRON has increased by 5% in the past month, and TRX is currently available to trade at $0.0677. Besides, there is a strong possibility that China may accept TRON as a legal tender. If it happens, TRON can witness a significant surge in its adoption and market value.
Whales Propel Collateral Network’s (COLT) Growth
Collateral Network (COLT) has a hybrid infrastructure model that combines on-chain and off-chain assets. Collateral Network is a Web3 crowdlending platform enabling individuals and SMEs to unlock liquidity from their tangible assets. Collateral Network accepts a wide range of non-traditional physical assets as collateral for processing loans, like gold, fine art, watches, real estate, vintage cars, and more.
Collateral Network does not require users to disclose their credit history before taking a loan. Borrowers can send their physical assets to Collateral Network, which stores them in its vaults for loan tenure. The platform uses artificial intelligence to value the assets accurately and mints fractional non-fungible tokens (NFTs) against them. The NFTs are sold to investors in an open marketplace. While borrowers get loans at competitive interest rates, lenders receive a fixed passive income per week.
Collateral Network gives loans only after receiving real-world assets and not against any future income source. Moreover, all Collateral Network NFTs are 100% backed by physical assets; hence, their value remains unaffected during any market downfall.
The presale phase of Collateral Network has made a big jump in popularity and market acceptance. Currently, COLT tokens can be bought at $0.014, and a deposit bonus is also available for a limited period. COLT tokens’ price is projected to increase by 3500% before the presale phase ends.
Early investors will benefit from the COLT token’s upward mobility. Presently, its presale price stands at $0.014 but with the demand will not remain at this price for long. Don’t miss out!
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
