This week, the entire crypto market has seen a surge in activity, with the Bitcoin (BTC) dominance dipping below 47%, Collateral Network (COLT) rallying significantly, and Quant (QNT) attempting to overcome the resistance it has been facing. Of these events, the Collateral Network (COLT) presale has been especially noteworthy, with investors flocking to buy discounted COLT tokens at a price of just $0.014 in its ongoing second stage.
Collateral Network (COLT)
Collateral Network (COLT) is a groundbreaking crowdlending platform that offers a swift and convenient way for individuals to obtain funds by using their tangible assets as collateral. In contrast to traditional lending institutions with their time-consuming and complex application processes, Collateral Network (COLT) delivers a streamlined and effective borrowing solution.
The distinguishing feature of Collateral Network (COLT) is the creation of NFTs that are linked to tangible assets. These NFTs are divided into smaller fragments through fractionalisation and can be purchased by the Collateral Network (COLT) network of lenders in exchange for a weekly passive income. Once the loan is repaid in full, the NFTs are destroyed, and the asset is returned to the borrower.
The Collateral Network (COLT) cutting-edge method of digitizing real-world assets benefits both borrowers and lenders on Collateral Network (COLT). Borrowers can access funds from anywhere in the world without geographic constraints, while lenders can get started for only little money.
The Collateral Network (COLT) novel approach to lending has the potential to transform the multi-billion-dollar lending industry. The best part is that COLT tokens can be acquired at a discounted price of just $0.014 before Collateral Network (COLT) launches on exchanges later this year.
Bitcoin (BTC)
Have we just entered an altcoin season? This is the question everyone in the crypto community has been asking after the Bitcoin (BTC) dominance dipped below 47% after a massive bounce from 39% to 49% over the past few months.
The significant drop in the Bitcoin (BTC) dominance can be attributed to a surge in altcoin prices, with most of them experiencing double-digit growth on a daily basis. With so many Bitcoin (BTC) investors in profit, their capital is now being shifted to other digital assets, resulting in a decrease in the Bitcoin (BTC) market share.
The drop in dominance could indicate that the crypto market is entering a new phase with investors looking for more value outside of Bitcoin (BTC). This could be an opportunity to capitalize on the momentum and make some profits from other digital assets.
However, an altcoin season isn’t guaranteed, and Bitcoin (BTC) could easily bounce from the $29,000 level and surpass the $31,000 resistance. Analysts foresee a new Bitcoin (BTC) bull run if Bitcoin (BTC) can indeed cross the $31,000 level and remain above it.
Quant (QNT)
Quant (QNT) can be thought of as a bridge between the traditional financial world and blockchain technology, and investors are starting to get bullish about the project. In fact, Quant (QNT) is currently attempting to break through diagonal trendline resistance that could send Quant (QNT) to new highs.
Price action is getting tighter and tighter as Quant (QNT) approaches this resistance with the bulls determined to push past it. However, some Quant (QNT) holders are taking profits to secure profits, leading to a stalemate.
If Quant (QNT) can break through this trendline resistance, analysts expect a massive price surge that could take Quant (QNT) from a price of $109.95 at the time of writing, to $150 in a matter of days. Breach $150, and Quant (QNT) could make its way to $190 and beyond.
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.
