BNB (BNB) And Ethereum (ETH) prices have been trending downwards for the last seven days, which signifies a significant setback in the crypto world.
However, a new crypto token, Collateral Network (COLT), has been the saving grace for investors. According to forecasts, COLT token will give investors the highest ROI, upwards of 35x, in the coming months compared to other cryptocurrencies.
Binance Coin (BNB)
At its all-time high, BNB (BNB) was trading for close to $700 but has dipped by over 50% since the crypto winter of 2020. Now trading for almost $300, BNB (BNB) has been bearish since seven days ago, losing 8% of its value.
BNB (BNB) was created in 2017 by Binance exchange, the world’s largest centralized exchange platform. It serves as the native token for Binance Smart Chain and powers the Binance ecosystem.
As a utility token, BNB (BNB) can be traded, staked, and used as gas fees on the Binance platform. It can also be used to participate in Binance Launchpad token sales and make purchases on Binance Coin (BNB)-accepting platforms.
As a result, Binance Coin (BNB) has gained immense popularity and is currently the fourth-largest cryptocurrency by market capitalization, with a maximum token supply of 200 million.
Ethereum (ETH)
Despite being widely regarded as the biggest decentralized smart contract platform, Ethereum’s price over the last seven days has not been encouraging as the token has been trending downwards, and its market outlook is looking bearish.
Ethereum (ETH) is undoubtedly one of the most widely used cryptocurrencies globally. Its native currency, Ether (ETH), is responsible for over 70% of NFTs transactions and serves as the foundation for hundreds of blockchain-based projects developed on the Ethereum platform.
While Ethereum (ETH) achieved an all-time high of $4,878.26 in 2021, the crypto storm of 2022 tanked the token to about 1,518.10. As of today, Ethereum’s price is $1,736. Historically, Ethereum is known for its slow transaction time and high gas fees. Historically, Ethereum (ETH) is known for its slow transaction speed and extremely high gas fees.
Collateral Network (COLT)
There are hundreds, if not thousands, of cryptocurrencies in the world right now, and choosing which one to buy and hold might be too arduous, especially if you want to buy a token with great potential and sound fundamentals.
If this is you, look no further. The best token to buy right now that has the potential to give you the best returns on your investment is Collateral Network (COLT). Collateral Network (COLT) is one of a kind crowdlending blockchain platform with the aim of making on-chain lending and borrowing very seamless.
Collateral Network allows borrowers to use their real-life tangible assets as collateral to get loans on the platform. These assets will then be minted as fractionalized NFTs for people to buy and provide funding for the loan. This enables numerous lenders to provide for borrowers’ loans, earning them a fixed rate of interest.
COLT is the native token of Collateral Network, and it serves as both a governance and utility token. COLT has a maximum supply of 1.4 billion; only 38% will be distributed during presales, and the remaining will be locked to provide institutional level liquidity.
Over $200,000 worth of COLT tokens has been sold in less than a week, many investors are optimistic about these projects, and all predictions have stated COLT will increase by at least 3,500% and can sell for $0.35 before the presale ends.
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
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
