PancakeSwap (CAKE) and Axie Infinity (AXS) are recovering their lost ground, while investors seek to diversify their holdings.
Collateral Network (COLT) is a new crypto project that has captured all the market attention with its presale growth projection of 3500%.
PancakeSwap (CAKE) Tops DEX List For Daily Active Users
The PancakeSwap (CAKE) community was filled with enthusiasm recently, after the network topped the list of decentralized exchanges (DEX) with the highest number of daily active users.
According to the data by CoinMarketCap, PancakeSwap (CAKE) recorded more active addresses than other networks.
This indicates the sustained demand for PancakeSwap (CAKE) amid the ongoing turbulent market conditions. PancakeSwap (CAKE) is a dominant DeFi platform on the Binance Smart Chain.
The ranking has come at a time when PancakeSwap (CAKE) is falling on the price chart. The value of PancakeSwap (CAKE) has plummeted by 15% in the last 30 days. Currently, PancakeSwap (CAKE) trades at $3.73, which is 91.57% below its all-time high of $44.18.
Axie Infinity (AXS) Reveals To Continue Play-to-earn Model
Axie Infinity (AXS) has announced that it would continue its play-to-earn model this year. Axie Infinity’s (AXS) cofounder has stated that the project needs “more tokens,” and will be “even more aggressive” in 2023.
On Axie Infinity (AXS), players can gather, nurture, fight, and trade imaginary creatures called Axies. Besides, Axie Infinity (AXS) also permits players to breed their own hybrid Axies, and trade them as non-fungible tokens (NFTs) in an open marketplace.
The price of Axie Infinity (AXS) has been continuously falling for the last few weeks. Axie Infinity’s (AXS) value has tumbled by 28% in the last 30 days.
As a result, the current trading price of Axie Infinity (AXS) has come down to $8.13, which is 95% below its peak of $165.37.
Collateral Network (COLT) Begins Its Golden Presale Run
Built on the Ethereum blockchain, Collateral Network (COLT) has been launched to enable people to take loans against their real-world assets.
While banks do not grant loans against assets like fine artworks and other collectables, Collateral Network (COLT) accepts such off-chain assets as collateral.
By minting these assets as fractionalized NFTs, Collateral Network (COLT) enables borrowers to have their loan crowdlended by various lenders across the globe, who each provide a portion of the capital for a fixed interest rate. This all pulls together to make COLT the world’s first decentralized crowdlending platform.
On Collateral Network (COLT), investors can become their own banks, grant loans, have full autonomy on their loan books, receiving a fixed passive income.
Collateral Network (COLT) will also be organizing private auctions of distressed assets, which will be accessible to COLT holders. Discounts on borrowing and lending fees, and voting rights will be available to all Collateral Network (COLT) token holders as well.
Collateral Network’s (COLT) presale has become a hot investment topic in the market. The presale of COLT, the native token of Collateral Network, began at $0.01. The price of COLT is expected to surge to $0.35 before the end of the presale phase, and tokens are selling out rapidly due to this project’s immense demand.
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.
