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- Cryptocurrencies
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- Industry
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There was a time when Bitcoin Cash (BCH) and Ethereum Classic (ETC) were continuously in the news. However, their recent bearish market performance and sluggish network growth have put them on the not-so-liked crypto list. On the other hand, a new crypto project, Collateral Network (COLT), has shown enormous growth potential and presale success. If you are looking to make fortunes in 2023, Collateral Network (COLT) is an advisable investment option.
According to the latest data, long-term Bitcoin Cash holders have increased their selling activity. It implies that the prevailing bearish sentiments around the Bitcoin Cash network have intensified. The market value of Bitcoin Cash has also suffered a drop of over 2% in the last month. As a result, Bitcoin Cash (BCH) is currently changing hands at $116.35.
The data from Santiment revealed that Bitcoin Cash Age Consumed had increased significantly in the last few days. Experts say that the rise in Age Consumed indicates that long-term Bitcoin Cash holders are selling off their tokens. Bitcoin Cash's Age Consumed soared from 12,929 to 4.8 million in just three days, between May 20 and May 23.
Recently, Ethereum Classic unveiled the schedule of the first annual Proof-of-Work Summit. The summit will be jointly held by Ethereum Classic and the Litecoin Foundation on September 25-27 in Prague. The inaugural summit will celebrate the effectiveness and efficiency of the PoW consensus mechanism, on which Ethereum Classic and several other blockchain functions.
With this event, Ethereum Classic aims to attract more developers and users to the network. However, the current price movement of Ethereum Classic has not been encouraging for investors. Ethereum Classic (ETC) has tumbled by more than 7% in the past month. Consequently, Ethereum Classic (ETC) is now available to trade at $18.40.
Collateral Network has made it easy for people to unlock liquidity against their real-world assets. Being a pioneer in the Web3-based crowdlending space, Collateral Network allows it to unlock liquidity against non-traditional assets, like fine wine, diamonds, vintage cars, and fine arts. For that, Collateral Network mints non-fungible tokens (NFTs) that represent those physical assets.
People must send their physical assets to Collateral Network to unlock that liquidity. The platform uses a groundbreaking artificial intelligence-based mechanism to authenticate and evaluate collateralized assets. Next, Collateral Network mints fractionalized NFTs against these assets and sells them to interested investors in a decentralized marketplace. The platform will store all collateralized assets in its vaults, and users will have the full right to reclaim their assets after settling the loan.
Investors, who purchase NFTs and lend funds, will receive a weekly passive income, becoming, in some way, their own banks, building a diversified portfolio of loans. The native token of Collateral Network, COLT, has been shaped on Ethereum, and its smart contract is fully audited.
Due to its multiple use cases, the demand for Collateral Network has reached a new peak. Investors are purchasing a large sum of COLT tokens as the current presale price of a Collateral Network token is just $0.014. As the platform's market value is expected to soar by 3500% during the presale round and 100x after the token's launch on exchanges, locking your tokens now can be most fruitful.
Website: https://www.collateralnetwork.io/
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
