The presale of Collateral Network (COLT) is selling out at a record pace, with more and more bulls joining the project. Early Collateral Network (COLT) investors are forecasted to earn 35x profit during the presale; hence, there is a huge demand for the project. Meanwhile, projects like Monero (XMR) and Enjin Coin (ENJ) are witnessing a decline in their user base.
Monero Developer Requests Government Support
Amid the regulatory actions against privacy tokens around the world, Monero contributor, Justin Ehrenhofer, recently said that governments must utilize the technology to enhance users’ experience and satisfaction. The Monero proponent also stated that its rival, Zcash, has failed at implementation. His comments have followed a recent development wherein the Dubai government banned privacy tokens, including Monero, in its emirate.
According to experts, Dubai’s decision can encourage other countries to take the same measures, hurting the business of Monero. Meanwhile, Cake Wallet App has made Monero available on its platform. However, the price of Monero has plummeted by 3% in the past month. At the time of writing, the price of Monero (XMR) is $157.34.
Enjin Coin Builds Hype Around NFT.io
Enjin Coin has been successful in creating hype around the upcoming launch of its NFT.io. Expected to be the biggest NFT marketplace in the crypto world, NFT.io aims to significantly increase the trade volume of Enjin Coin. However, there are some issues that can mar the growth expectations of Enjin Coin.
According to the latest data, the NFT industry is not growing as per expectations of the crypto analysts, making it difficult for Enjin Coin to gain big in this space. The price of Enjin Coin (ENJ) is down by 12% on the weekly chart. As a result, at the time of writing, Enjin Coin is changing hands at $0.39. Besides, experts believe that increasing competition in the NFT space will be a major challenge for Enjin Coin to face in the coming weeks.
Collateral Network Posts Astounding Growth Figures
Collateral Network has been recognized as one of the most promising and profitable projects in the crypto world after its presale growth. Collateral Network bridges the gap between Web3 and the real world, and provides people with an opportunity to unlock liquidity from their physical assets.
On Collateral Network, users’ real-world assets can be used as collateral for a loan. Collateral Network accepts asset classes like gold, watches, vintage cars, and more. It creates NFTs and fractionalizes them before keeping them safe in its vaults until the repayment of the loan.
Collateral Network sells these NFTs in an open decentralized marketplace to investors, who can lend funds and receive a fixed weekly income while diversifying their asset portfolio.
As for borrowers, Collateral Network offers numerous benefits, like no credit footprint, a turnaround of just 24 hours, borderless and permissionless process, and a competitive interest rate. It also ensures transparency by storing all contractual information on the public blockchain.
COLT tokens fuel the ecosystem of Collateral Network, which are currently available at $0.014, with a deposit bonus for a limited period. The market value of Collateral Network is predicted to soar by 3500% during the presale round.
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
