This week has been an eventful one in the world of cryptocurrency markets, as several major players have introduced new products and initiatives. Collateral Network (COLT) has announced the launch of the world’s first web3 asset-backed lending platform, Crypto.com (CRO) has received a license to trade in Dubai, and Bitcoin (BTC) pumped due to the ongoing bank runs.
Collateral Network (COLT) is in the 1st phase of its presale and is looking like it could be a great addition to any portfolio with a price of only $0.01 per token.
Collateral Network (COLT)
Imagine a world where you could obtain a loan in just a few clicks, without having to deal with piles of paperwork or long credit checks. Collateral Network (COLT) is a cutting-edge platform that makes this possible through the power of blockchain technology.
Picture Collateral Network (COLT) as a lending hub, where borrowers can use their assets as security for loans. The platform mints an NFT representing the physical asset that is being used as collateral by the borrower. The NFT is broken down into smaller pieces known as fractionalized NFTs. This then gives everybody from across the world the opportunity to help fund the loan and receive an agreed rate of interest.
Collateral Network (COLT) uses smart contracts to automate the whole process and make it secure.
Sitting as the foundation for the Collateral Network (COLT) platform with COLT token, which is an ERC-20 token used as both a utility and rewards token within the Collateral Network (COLT) ecosystem.
With the price of the COLT token currently at only $0.01 in the presale, there is a great opportunity available for the crypto community to possibly make 35x gains on their purchase as many analysts have indicated.
Crypto.com (CRO)
Crypto.com (CRO) is a comprehensive cryptocurrency ecosystem that has rapidly gained traction in the digital finance world. Launched in 2016 by Kris Marszalek, Rafael Melo, Gary Or, and Bobby Bao, Crypto.com (CRO) aims to accelerate the world’s transition to cryptocurrency.
The Crypto.com (CRO) ecosystem encompasses a mobile app, a payment card, a DeFi wallet, an NFT marketplace, and an exchange, among other services. Crypto.com (CRO) has attracted the most interest for the Crypto.com (CRO) debit cards, which enable users to spend their crypto funds directly at any merchant that accepts Visa payments.
Now, Crypto.com (CRO) has taken a major step forward with the news that it has received a license to operate in Dubai. The license enables Crypto.com (CRO) to offer its services across the UAE, with Crypto.com (CRO) planning to launch specific products tailored to the Dubai and Middle Eastern markets.
Bitcoin (BTC)
Renowned as the world’s leading and most valuable cryptocurrency, Bitcoin (BTC) commands an impressive market capitalization exceeding $400 billion. Recently, Bitcoin (BTC) has experienced a striking surge, with Bitcoin (BTC) rising above $28,000 this week. But what has caused Bitcoin (BTC) to rise by nearly 100% in under three months?
This extraordinary ascent can be linked to Bitcoin (BTC)’s function as a bulwark against the prevailing bank runs and market fluctuations. While the collapse of Silicon Valley Bank triggered Bitcoin (BTC) interest, reports that 180 banks could face potential closing due to liquidity problems have further bolstered Bitcoin (BTC)’s appeal as a safe haven asset.
This Bitcoin (BTC) move marks the first higher high for the coin since its peak in 2021. With investors turning to Bitcoin (BTC) as a hedge against economic turmoil, could this lead to an extended bull run for Bitcoin (BTC)? Only time will tell!
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
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