When cryptocurrency analysts and crypto investors look at the broader crypto market, they start analyzing the overall momentum of the most major coins to indicate the broader market trend clearly. Based on this, it is obvious that many cryptocurrencies are slowly beginning to lose their value, which was gained at the start of 2023.
However, while cryptocurrencies such as ApeCoin (APE) and Fantom (FTM) are showing bearish performance, new projects such as Collateral Network (COLT) have a window in which they can spike in value by x35 and dominate the Web3 space. Here, we will compare all of these projects to see which ones stand out.
ApeCoin (APE)
Ledger gave an announcement to ApeCoin (APE) holders on April 7th 2023, in which they mentioned how they could get a custom, ApeCoin (APE) Nano.
ApeCoin (APE) users can earn one by proving their crypto and non-fungible token (NFT) security knowledge with the Ledger x ApeCoin (APE) Quest.
As of April 9th 2023, the ApeCoin (APE) cryptocurrency traded at $4.17. The coin’s all-time high was on April 28th 2022, at $26.70.
When we go over the value of the cryptocurrency, in the last 24 hours, it decreased by 2.3%. Additionally, in the last 30 days, it’s only up by 5%. The ApeCoin (APE) trading volume also hit 30.14% in the last 24 hours. With this in mind, the future of ApeCoin (APE) is uncertain.
Fantom (FTM)
Fantom (FTM) announced a proposal that will lower financial barriers surrounding the network, allowing participants worldwide to join in securing the Fantom (FTM) network through staking and validating.
The open vote is for the “Reduced Validator Staking Requirement” proposal, and the announcement came on April 7th 2023. On the same day, CoinSender also announced that Fantom (FTM) became supported on their platform.
Fantom (FTM), as of April 9th 2023, was priced at $0.445365. Its all-time high occurred on October 28th 2021, at $3.46. Regarding its historical performance, in the previous 24 hours, Fantom (FTM) decreased by 4.2%. In the previous 30 days, Fantom (FTM) is still up by 32.6%, but Fantom (FTM) needs to maintain its growth momentum to not lose these gains.
Collateral Network (COLT)
Collateral Network (COLT) is being developed as the first peer-to-peer (P2P) lending platform that is set to transform the broader blockchain space and the lending industry.
If a person or an SME owns a watch worth $50,000, for example, or gold bars or real estate, and they require capital in the form of a loan in order to conduct business operations, they can utilize these assets as collateral through Collateral Network (COLT).
The borrower would send their asset to Collateral Network (COLT), where a non-fungible token (NFT) would be minted which represents the physical version of the asset, which makes each NFT is 100% asset-backed. The NFT will then be fractionalized into smaller fractions, which means that anyone globally can become fractional lenders and lend small amounts of money from an agreed-upon interest rate towards the loans required by the borrowers.
Auctions are also a part of Collateral Network (COLT). Whenever a borrower defaults on a loan repayment back to the lenders, their assets can be auctioned off, enabling anyone to partake in the auctions who are COLT token holders, to get it at a value lower than the market value.
COLT is the native token behind Collateral Network (COLT), and it enables users access to discounts, reduced borrowing and trading costs and access to governance as well as staking.
The Collateral Network (COLT) token is trading at a value of just $0.014 at its presale stage. Experts believe that the COLT token has the potential to reach a value of $0.35 or experience an increase in value by 3500% over the upcoming months.
The smart contract has been audited, the team tokens will be locked for two years, and the liquidity will also be locked for 33 years. These aspects make Collateral Network (COLT) a solid option for investors to diversify and gain access to high-growth coins.
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
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
