In the blockchain space, the value of cryptocurrencies can swing in either direction.
With the decrease in the value of BNB (BNB) and FTX Token (FTT), investors and traders have been looking at alternative cryptocurrencies to invest in, and Collateral Network (COLT) has grabbed a lot of attention with its low entry price ($0.1) and expert’s predictions of huge growth for the next quarter (3500%).
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BNB (BNB) is the native cryptocurrency behind the Binance ecosystem and is used to empower it in numerous ways.
The BNB (BNB) cryptocurrency was created in June 2017 and was originally issued as an ERC-20 token prior to switching to its own network. BNB (BNB) has multiple use cases, such as providing discounts on exchanges, establishing payments on third-party services, and filling the role of participation rights on the Binance Launchpad.
As for the value of the BNB (BNB) cryptocurrency, as of March 11, 2023, the coin was trading at $274.03.
The all-time high of the BNB (BNB) cryptocurrency was on May 10, 2021, when it reached $686.31. This means that on March 11, the BNB (BNB) cryptocurrency traded at 60.08%, under its all-time high. Based on its most recent performance, the BNB (BNB) coin decreased in value by an additional 5.42% in the last seven days. Its downward trend has investors worried about alternatives to BNB (BNB), such as Collateral Network (COLT).
FTX Token (FTT)
The FTX Token (FTT) was originally created to provide traders with a way to save on the trading fees on the FTX Exchange.
Users who paid for their fees using the FTX Token (FTT) cryptocurrency received a discount. The more FTX Tokens (FTT) users held, the bigger the discount they received.
The all-time high of the FTX Token (FTT) cryptocurrency occurred on September 9, 2021, when it reached a value of $84.18.
However, as of March 11, 2023, FTX Token (FTT) is trading at a $1.02. FTX Token (FTT) is now 98.79% lower than its all-time high point. In the last week alone, FTX Token (FTT) saw an additional decrease of 19.70%. It is clear that the future of FTX Token (FTT) is in the red zone, and those who aim to diversify can look at alternative projects such as Collateral Network (COLT).
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Collateral Network (COLT)
Collateral Network (COLT) is a crowdlending platform that utilizes the power of non-fungible tokens (NFTs) in an innovative way.
By being built on the Ethereum blockchain, Collateral Network (COLT) can provide users with various use cases. For example, users can mint an NFT on the Collateral Network (COLT) platform and then fractionalize the NFT to fund a loan. The NFT, in this case, would represent their physical asset, which has been digitally signed on a blockchain network.
A dedicated marketplace connects borrowers and investors on Collateral Network (COLT). This means that through Collateral Network (COLT), any borrower can get a loan quickly and efficiently. Users can also become their own banks on Collateral Network (COLT) and provide fractional loans to borrowers for agreed-upon interest rates. This results in a fast turnaround, high privacy, transparency, and low costs.
The Collateral Network (COLT) smart contract has also been audited.
The Collateral Network (COLT) tokens will be locked for three years for the team, while the liquidity pool will be locked for 33 years. As for the presale, the value of Collateral Network (COLT) starts at $0.01, and 05% of the total supply will be available for the 1st phase of the presale. Analysts predict that Collateral Network (COLT) can rise 35x in value within the next six months, indicating a huge opportunity is available for early adopters.
Find out more about the Collateral Network presale here: