The popularity of the crypto market has blasted past many expectations. But the presale growth of Collateral Network (COLT) has broken all records. Collateral Network (COLT) is projected to grow by 3500% in a few months, and by 100x this year. Meanwhile, EOS (EOS) and Aave (AAVE)...
The popularity of the crypto market has blasted past many expectations. But the presale growth of Collateral Network (COLT) has broken all records. Collateral Network (COLT) is projected to grow by 3500% in a few months, and by 100x this year. Meanwhile, EOS (EOS) and Aave (AAVE) have lost their market positions.
EOS (EOS) Launches EVM But Price Falls
EOS (EOS) has launched the beta version of Ethereum Virtual Machine on the mainnet. However, the hype around the network’s EVM has failed to make any significant impact on the price of EOS (EOS). The price of EOS (EOS) has plummeted by 7% in the past seven days. Subsequently, EOS (EOS), at the time of writing, is changing hands at $1.13.
However, to increase its growth, EOS (EOS) has received a $60 million investment from DWF Labs. While DWF will purchase EOS tokens worth $45, it has pledged $15 million for development of projects based on the EOS Network. Earlier, EOS (EOS) committed $20 million to encourage and incentivize developers to build Web3 products on its EVM. According to experts, the true market impact of EOS’ (EOS) EVM will be visible only after 1-2 months.
Aave (AAVE) Drops Out Of The Top 50 Cryptocurrencies List
Aave (AAVE) has inched closer to launch on Polygons zkEVM Layer 2 network. Looking to expand its L2 presence, the Aave (AAVE) community recently voted in favor of a ‘temperature check’ proposal to launch on zkEVM. More than 99% of Aave (AAVE) holders voted in favor of launching its Version 3 on zkEVM.
While introducing the proposal, Aave (AAVE) stated that the development will bring new users into the DeFi sector, and expand its user base. Notably, Aave (AAVE) Version 3 was already launched on the Polygon zkEVM testnet in October last year.
However, recent weeks have not been favorable for Aave (AAVE), as the platform dropped out of the top 50 cryptocurrencies by market capitalization. At the time of writing, Aave (AAVE) is in the 51st position by market capitalization, and trading at $76.01.
Collateral Network (COLT) Adds Fuel To Its Growth
Collateral Network (COLT) is a crowdlending platform where anyone can take a loan against their physical assets. Collateral Network (COLT) allows loan funding against non-traditional assets like fine art, vintage cars, special wine, luxury watches, and more.
Assets are minted into NFTs and then fractionalised, allowing multiple lenders to fund a borrower’s loan. Thus, it is much easier for a borrower to raise funds and lenders can collectively fund the loans on the Collateral Network platform.
Collateral Network (COLT) grants loans to borrowers at a competitive interest rate, which is fixed by lenders. While taking a loan on Collateral Network (COLT), borrowers can rest assured of their privacy as the platform does not ask for income proof or credit history. They can redeem their collateralized asset after settling their loan. Lenders, on the other hand, get a fixed weekly income.
COLT token holders can unlock a plethora of benefits from Collateral Network (COLT). For COLT holders, there will be a discount on borrowing fees and trading fees. Besides, staking your COLT tokens to earn staking rewards. Collateral Network (COLT) will add the staked tokens to its liquidity pool, which will have a lock-in period of 33 years.
A COLT token can be bought for $0.014 and while the starting price of Collateral Network (COLT) was $0.01, it is predicted to leap to $0.35 before the end of presale.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk