Neo (NEO), Axie Infinity (AXS), and Collateral Network (COLT) are the three tokens that have been in the limelight lately. But experts have selected Collateral Network (COLT) as the best cryptocurrency to invest in, to ensure massive returns. Collateral Network (COLT) is set to grow by 3500% during its presale, which is now live. On the contrary, an absence of support has been noticed for NEO (NEO) and Axie Infinity (AXS), whose investors are rushing to buy COLT tokens.
Neo (NEO) Launches New Messaging Service
Neo (NEO) has been surging on the price chart due to its recent developments. Neo (NEO) launched an instant messaging service named NeoChat. Users will be able to use the instant messaging service through the Chrome extension (for computers) or OneGate (for mobiles).
Besides, Neo (NEO) has rolled out a Neo compounder, which will enable users to buy more bNEO tokens using GAS rewards. Supported by these developments, Neo (NEO) has risen by 2% on the monthly price chart. Neo (NEO), at the time of writing, is trading at $12.36, about 94% below its peak price of $196.85.
Axie Infinity (AXS) Partners With New Game Creators
Axie Infinity’s (AXS) developers have announced that four gaming studios will build games on the Ronin Network. Under this association, Axie Infinity (AXS) will work with other creator studios to encourage the adoption of Web3 in the gaming industry. Axie Infinity (AXS) is also working on establishing its ecosystem through new games.
However, the price graph of Axie Infinity (AXS) has not been encouraging for investors. The market value of Axie Infinity (AXS) has tumbled by 6% in the past week. On the monthly price chart, Axie Infinity (AXS) has plummeted by 16%. Axie Infinity (AXS) is currently changing hands at $8.17, about 95% below its peak of $165.37. However, gaming-based cryptocurrencies are yet to prove their long-term viability, as they rise and fall every season. Hence, the extent to which Axie Infinity (AXS) can go with these partnerships is still to be seen.
Collateral Network (COLT) Promises Handsome Gains During Presale
Obtaining a loan through conventional methods is a herculean, and time-consuming task for individuals. A lot of documentation and formalities need to be furnished before securing a loan, making the entire process costly. But Collateral Network (COLT) solves these issues by serving as a decentralized aggregator for peer-to-peer lending using web3. Collateral Network (COLT) has perfectly amalgamated the pawnbroking and traditional banking sectors. The cross-chain network assists borrowers in raising loans in lieu of their off-chain assets.
Collateral Network (COLT) is a user-friendly platform, and follows a transparent and seamless process. Let’s take an example wherein you may need some money, and want to take a loan against your watch. The only thing needed to secure a loan is for you to send the watch to Collateral Network’s (COLT) team. Upon receiving your tangible asset, Collateral Network’s (COLT) internal team will verify, and determine the present market value of the watch using artificial intelligence.
Thereafter, the blockchain network will mint fractional NFTs backed by your watch. These NFTs are sold to interested lenders who would give money at a pre-agreed fixed rate of interest. They will also yield a fixed income on a weekly basis. Meanwhile, Collateral Network (COLT) will store your tangible asset in its vault as a mortgage. You can redeem your asset after the full repayment of the loan.
COLT will be the native token of the platform, powering Collateral Network’s ecosystem. Initially set at $0.01, the presale round of Collateral network (COLT) has started. Market pundits are expecting COLT tokens’ market value to reach $0.35 during the presale round.
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.
