As the bulls have started to regain their ground, the market has witnessed new and exciting developments. The presale of Collateral Network (COLT) has become one of the most talked about presales of 2023. This new altcoin is expected to achieve 3500% growth during the presale. Meanwhile, other projects like Cosmos (ATOM) and Enjin Coin (ENJ) have come under bears’ radar.
Cosmos (ATOM) Attracts New Customers On Network
The Cosmos (ATOM) network has attracted new projects to associate with it. According to experts, Cosmos’ (ATOM) push towards establishing its interchain security has made the project more attractive.
Earlier, the Noble network had announced that it would launch the USD Coin (USDC) on the Cosmos (ATOM) network.
Social metrics of Cosmos (ATOM) have also improved in recent weeks. LunarCrush’s data has revealed that the social dominance of Cosmos (ATOM) has increased by 16% in the past week. However, bearish sentiments around Cosmos (ATOM) have increased by 38%, indicating a drop in price could be around the corner. At the time of writing, Cosmos (ATOM) is available to trade at $11.95.
Enjin Coin’s (ENJ) NFT.io Builds Hype Around The Project
The announcement of the upcoming launch of NFT.io has generated hype within Enjin Coin’s (ENJ) community. However, Enjin Coin (ENJ) has not been able to translate the hype into a price gain. The market value of Enjin Coin (ENJ) has declined by 2% in the past month. At the time of writing, Enjin Coin (ENJ) is changing hands at $0.42.
However, analysts have some concerns about the growth prospect of Enjin Coin’s (ENJ) NFT.io. They believe that Enjin Coin (ENJ) will face stiff competition from other players in the arena. Recently, Enjin Coin (ENJ) also announced the launch of a new platform UI to ease its users’ experience.
Demand For Collateral Network’s (COLT) Presale Tokens Spike
Collateral Network has emerged as one of the most promising projects in the crypto world due its anticipated growth and potential to disrupt the global lending market estimated to be worth over $561 billion per year.
Bridging the gap between Web3 and the physical world, the challenger lender presents an opportunity for people to unlock liquidity from their physical assets on the blockchain.
Several assets can be used as collateral, such as vintage cars, gold, fine wine, and luxury watches. These assets are minted into NFTs and then fractionalised, enabling multiple lenders to fund loans on the platform.
For borrowers, the benefits include a 24 hour turnaround on loan approvals, no credit checks, competitive interest rate, a borderless and permissionless process, and transparency by storing all contractual information on the public blockchain. As for lenders they get to become their own banks, decide who they lend to and against what asset to earn a fixed weekly income paid weekly.
The price of Collateral Network tokens are predicted to soar by 3500% during the presale phase and reach $0.35. Only 38% of the total COLT token supply will be offered during the presale phase. With limited supply and demand growing by the end, entry level prices for this token won’t be available for long.
Find out more about the Collateral Network presale here:
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