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Some cryptocurrencies are better and more promising than others, and this has been proven by the recent shift in Filecoin (FIL) and Helium (HNT) holders selling their holdings in favor of Collateral Network (COLT), a cryptocurrency built on top of Ethereum (ETH), which has a token price of just $0.01 in the first phase of its presale. Let's review these three cryptocurrencies to gain a better understanding of why this shift is occurring.
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Helium (HNT) is a decentralized network infrastructure that enables Internet of Things (IoT) devices to communicate and share data with one another over the secure Helium (HNT) network.
Helium (HNT) has more than 900,000 hotspots worldwide, which creates a powerful Helium (HNT) network that is decentralized, secure and low-cost. T-Mobile is a major investor in Helium (HNT), while also aiming to leverage its cutting-edge technology for enhancing services.
Despite these positive developments, the price of Helium (HNT) remains bearish — now down more than 97% since hitting $55 back in October 2021. The bear market has taken its hold on Helium (HNT), and this may be the reason why holders have begun to sell Helium (HNT) in favor of Collateral Network (COLT) in hopes of higher returns.
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Filecoin (FIL) is a decentralized data storage and file-sharing network that allows anyone to store digital assets in a secure manner. Most users of Filecoin (FIL) use the network to store NFTs, but Filecoin (FIL) can also be used to store any type of digital asset, whether it be photos, videos, audio files or documents.
The Filecoin (FIL) network is powered by the FIL token, with a proof-of-storage consensus model that rewards miners for providing storage space to the Filecoin (FIL) network. The more storage a miner provides on Filecoin (FIL), the more FIL tokens they are rewarded with.
Despite Filecoin (FIL) seeing some early success, everything has been downhill since Filecoin (FIL) hit a price of $237.24 in April 2021. Now priced at just $6.90, Filecoin (FIL) holders are abandoning ship and looking for better investment opportunities.
>>BUY COLT TOKENS NOW<<
Gone are the days of low liquidity, exorbitant interest rates, credit checks and complicated paperwork for borrowers – Collateral Network (COLT) has revolutionized their experience.
Here, borrowers are able to use their physical assets as collateral for their loans. But there's more – these assets are minted by Collateral Network (COLT) into fractionalized NFTs. This allows for fractional lending, larger amounts of liquidity and a seamless experience for borrowers.
For example, let's say a borrower has $10,000 worth of gold. With Collateral Network (COLT), they can use this as collateral for their loan and mint it into a fractionalized NFT. The borrower will get their cash in less than 24 hours, without any credit check or paperwork.
Smart contracts streamline the process, making it secure and reliable. This is why this shift in Filecoin (FIL) and Helium (HNT) holders selling their holdings in favor of Collateral Network (COLT) makes sense — a more secure, reliable and fractional lending experience is hard to come by.
The COLT token serves as the Collateral Network (COLT) currency and is used to pay for transaction fees, governance voting and much more. The token is also estimated to see 3500% gains within the next 6 months so holders are guaranteed to see appreciation by holding onto their COLT tokens. Through its native staking mechanisms, COLT holders are incentivized to increase their stake in the network, creating a strong community of active users.
With a token that has so much utility in a revolutionary platform, it's no surprise that momentum is building around the presale of Collateral Network (COLT) and snapping up tokens at a rapid rate.
Website: https://www.collateralnetwork.io/
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.
