This week, Arbitrum (ARB) held its spot price of $1.30 amidst a $120 million airdrop to new and existing holders of the token. This is bullish news for the price of Arbitrum (ARB), as it shows a commitment to the token and that holders are willing to HODL. In addition, Collateral Network (COLT) and Render Token (RNDR) have both seen significant gains in price this week, with Collateral Network (COLT) holding onto 40% presale gains.
Collateral Network (COLT)
Collateral Network (COLT) is a Web3 lending platform that is set to transform the gigantic $4.5 trillion asset-backed lending industry. Collateral Network is already seeing strong demand in its presale, with the price of COLT rising by 40%.
Collateral Network operates by enabling borrowers with physical assets to use these as collateral on the platform to borrow crypto. Leveraging NFT technology assets can be tokenized to represent the physical item on the blockchain. The NFT can be divided into portions and made available on the marketplace so that multiple individuals can help fund the loan. The borrower gets instant access to funds, while the lender receives weekly interest payments for their investment.
This unique lending protocol is the only one solving many of the problems present in the current asset-backed lending sector. Minimal red tape, facilitating a transparent, discreet and seamless transaction between two parties without the need for various middle men.
The COLT token is the lifeblood of the Collateral Network (COLT) ecosystem, facilitating value exchange and encouraging participation. Holding COLT comes with a variety of benefits, such as discounted fees, lower interest rates for borrowers, and staking rewards.
The COLT team is doxxed and fully KYCd. The smart contract has been audited by SolidProof and InterFi network and the liquidity pool is locked for 33 years demonstrating their emphasis on security and commitment to the project for its community.
Currently, COLT tokens are available for just $0.014 during phase 1 of the presale. Prices are expected to rise to $0.0168 this week, with many analysts predicting further price appreciation to $0.35 once COLT goes live on major public exchanges.
Arbitrum (ARB)
This recent $120 million airdrop by Arbitrum (ARB) highlights the company’s commitment to supporting the growth of the decentralized finance (DeFi) ecosystem and the projects built on the Arbitrum (ARB) Layer-2 scaling solution.
While the crypto community was concerned about this many Arbitrum (ARB) tokens entering the market at once, the Arbitrum (ARB) price held firmly at $1.30, showing that holders are confident in the long-term prospects of Arbitrum (ARB).
The resilience of Arbitrum (ARB) in the face of Bitcoin (BTC) dumps further demonstrates the token’s ability to maintain its value under pressure. Market analysts and Arbitrum (ARB) experts agree that the price of Arbitrum (ARB) will consolidate between $1.30 and $1.50 price for a few more weeks, before eventually making a run for the $10 price target.
Render Token (RNDR)
Render Token (RNDR) is a decentralized rendering platform that enables users to distribute render jobs across a global network of distributed render farms. Render Token (RNDR) is designed to be a faster and more secure alternative to traditional cloud rendering services, while also providing cost savings.
It has been an exciting year for Render Token (RNDR), with the price rising by over 400% since the start of 2023. This impressive Render Token (RNDR) rally is due to the ever-growing hype in the AI industry and Render Token (RNDR)’s position as the leading rendering project in this space.
In fact, Apple is rumored to be using Render Token (RNDR) technology in the new line of Apple products, which further demonstrates the potential of Render Token (RNDR). Market analysts note that the Render Token (RNDR) price has broken above the $2.20 resistance, which could send Render Token (RNDR) soaring to $4.50 in the near future.
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.
