Market records suggest that projects with real-world use cases have always been favored by investors. Therefore, the presale of Collateral Network (COLT), with a current price of only $0.01, is about to be oversubscribed in the next few weeks, way ahead of its due date. Tezos (XTZ) and Dogecoin (DOGE) have also come to the green zone.
Tezos (XTZ) Increases Its Associations With Other Entities
Recent weeks have favored Tezos (XTZ) in its growth rally. The price of Tezos (XTZ) has increased by over 4% in the last 30 days. Besides, the value of Tezos (XTZ) has surged by more than 3% in the last 24 hours.
According to market experts, expansion in the Tezos (XTZ) ecosystem in the past few months has prepared a solid ground for the network to grow. Recently, a leading NFT marketplace, Rarible, announced adding support for Tezos (XTZ). Moreover, Tezos (XTZ) had partnered with California’s motor department to create a blockchain-based repository to store vehicle records. However, Tezos (XTZ) is still holding the ranking of 50 by market capitalization.
Dogecoin (DOGE) Grows Amid Increased Hype
As the overall market sentiments are improving, Dogecoin (DOGE) has been able to see some positive numbers. The price of Dogecoin (DOGE) has risen by 5.24% on the daily chart.
However, Dogecoin (DOGE) is yet to post gains on the weekly and monthly charts. The price of Dogecoin (DOGE) is down by 2% and 11% on the weekly and monthly charts, respectively. Currently, Dogecoin (DOGE) is exchanging hands at $0.07437, which is 90% below its all-time high of $0.74.
However, Dogecoin (DOGE) is still the largest meme coin, and the 8th largest cryptocurrency by market capitalization. Twitter CEO, Elon Musk, has actively been promoting Dogecoin (DOGE) through direct and indirect mediums.
Collateral Network (COLT) Presale Is Likely To Conclude Due Date
Collateral Network (COLT) is an aggregator that is set to rule the DeFi sector in the coming months. It is a state-of-the-art platform that has been built in the context of the rising demand for the borrowing and lending of physical assets.
Collateral Network (COLT) aids borrowers in securing loans against their off-chain assets based on blockchain technology. When someone sends a physical asset to Collateral Network (COLT), their internal team authenticates and evaluates the value of the item. The platform then stores the asset in its vault, and mints fractionalised NFTs against them. These NFTs are then available to lenders who would lend a small number of money to borrowers at an agreed fixed rate of interest to raise a loan.
Once borrowers repay their principal loan, and interest of their loan amount, they can redeem their physical assets. If this defaults, the asset then proceeds to be sold at public auction to the exclusive access of COLT token holders. The more COLT tokens borrowers hold, the lesser their borrowing fees and interest rate for loans will be. On the other hand, the more COLT tokens lenders hold, the less they pay in trading fees in the marketplace.
COLT token holders, who are lenders in the Collateral Network (COLT) ecosystem, will be eligible to yield a fixed income per week. Collateral Network (COLT) offers loans across multiple blockchains.
COLT will be the native crypto of the Collateral Network (COLT) ecosystem. With a starting price of $0.01, the presale phase of Collateral network (COLT) tokens has begun. Order books are getting filled fast, and market pundits have already predicted that COLT tokens’ price will increase by 35x in the upcoming six months to trade at $0.35. COLT holders will also get many benefits, such as discounted borrowing fees and access to the VIP members club.
Find out more about the Collateral Network presale here: