Crypto enthusiasts are in awe of the growth projection of Collateral Network (COLT). As per analysts, Collateral Network (COLT) will grow by 35x during presale and 100x upon launch on major exchanges. Uniswap (UNI) and Ethereum (ETH) are also moving toward the green zone, but their growth rate is sluggish.
Uniswap (UNI) Approves Proposal To Deploy V3 On Polygon zkEVM
Uniswap (UNI) has recently received much-awaited approval from Apple to upload its mobile wallet to the App Store. According to experts, the development will boost the visibility and accessibility of Uniswap (UNI) and can help increase its user base. This non-custodial wallet on iOS will allow users to access Uniswap (UNI) directly.
Simultaneously, the Uniswap (UNI) community has unanimously passed the proposal that aims to deploy its Version Three on Polygon’s zkEVM. However, not everything is green for Uniswap (UNI), as the development activity on the protocol has been declining for the past weeks. Consequently, the price of Uniswap (UNI) has fallen by more than 7% in the last 30 days. Uniswap (UNI) is currently trading at $5.91.
Ethereum (ETH) Faces A Price Correction Amid Broader Sell-off
A broader crypto market sell-off has hurt the price rally of Ethereum (ETH), which looked strong after the launch of Shanghai Upgrade. Ethereum (ETH) has plummeted by 1% in the last week. As a result, Ethereum (ETH) is currently available to trade at $1,970.82. However, Ethereum (ETH) is still 11% up on the monthly chart.
Notably, institutional interest in Ethereum (ETH) has increased significantly since the launch of the Shanghai upgrade. According to official data, the number of active Ethereum (ETH) futures contracts on the Chicago Mercantile Exchange has increased by 39%. Analysts believe that macroeconomic factors, such as consistently hiked interest rates by the Federal Reserve, will keep the price movement of Ethereum (ETH) in doldrum.
Collateral Network’s (COLT) Growth Becomes Faster
Collateral Network (COLT) has ushered the crowdlending industry into a new and revolutionary digital era. To make the credit market accessible, Collateral Network (COLT) has built a Web3 platform that allows people to use their physical assets, like watches, whiskey, and fine art, to get loans. Collateral Network (COLT) mints NFTs – backed 1:1 – against borrowers’ assets and fractionalizes them into pieces, allowing multiple lenders to fund a single loan through these non-fungible tokens.
Collateral Network (COLT) has entered the market with a hybrid infrastructure model. It helps borrowers take loans at competitive interest rates and demands no proof of credit score. On the other hand, lenders are provided with a fixed weekly income for the duration of the loan.
All Collateral Network (COLT) token holders get staking rewards, voting rights on key matters, and discounts on borrowing and trading fees. In addition, presale Collateral Network (COLT) token buyers will receive access to the VIP members club.
Each financial proceeding on Collateral Network (COLT) is automatically noted in the NFT metadata that is stored on the public blockchain. Most importantly, only 38% of the total Collateral Network (COLT) token supply will be unlocked during the presale phase.
Experts anticipate investors will accrue a 3500% profit over the next few months. The presale price for locking a Collateral Network (COLT) token is currently $0.014, which was $0.01 at the time of the presale launch. Once the project hits the exchanges, it’s predicted to rise by 100x.
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
