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PancakeSwap (CAKE) and Polygon (MATIC) Fall Flat While Collateral Network (COLT) Presale Ascends New Peaks
As many new cryptos are entering the market daily, it has become a cumbersome task for investors to select the best option. Several investors are observing PancakeSwap (CAKE), Polygon (MATIC), and Collateral Network (COLT).
Entering the market to streamline the process of lending or borrowing cryptocurrencies, Collateral Network (COLT) has made a big roar with the start of its presale phase with predicted 35x gains for the token.
In a bid to increase the trade volume on its platform, PancakeSwap (CAKE) has announced plans to grow its capabilities on the Aptos network with farm offerings and liquidity pools. PancakeSwap (CAKE) is the world’s leading crypto exchange that supports BEP-20 tokens. While most blockchain platforms are currently built on Ethereum, PancakeSwap (CAKE) has been built on the Binance Smart Chain. PancakeSwap (CAKE) was built to cater to the needs of the DeFi (Decentralized Finance) sector.
For the past many weeks, the price of PancakeSwap (CAKE) has been going downhill. The value of PancakeSwap (CAKE) has declined by around 22% in the last month. Currently, PancakeSwap (CAKE) trades at $3.14.
The ongoing bearish phase has hurt the market performance of Polygon (MATIC). Besides, Polygon (MATIC) has also failed to bring any new development to remain competitive in the market. The last time it hit the headlines was when Coinbase Prime started offering Polygon (MATIC) staking services to its users.
However, since then, Polygon (MATIC) has again become dormant. Consequently, the value of Polygon (MATIC) has witnessed a decline. The price of Polygon (MATIC) has declined more than 7% in the last 30 days. Currently, Polygon (MATIC) is being traded at $0.78.
Polygon (MATIC) was launched with the primary goal of increasing the scalability, interoperability, flexibility, and sovereignty of blockchain networks. Polygon (MATIC) is a platform that enables different blockchain-based projects to connect and scale.
Collateral Network (COLT) is the world’s first blockchain-powered platform dedicated to the exercise of lending and borrowing cryptocurrencies. Collateral Network (COLT) comes with multiple possibilities, benefitting borrowers and lenders.
Collateral Network (COLT) has been built to assist borrowers in unlocking cash from their real-world physical assets using blockchain technology. Notably, borrowers get an opportunity to encash their physical assets on Collateral Network (COLT) without selling them. What Collateral Network (COLT) does is transparent and straightforward.
The platform mints fractional NFTs against real-world assets, allowing the community to provide loans for borrowers. On Collateral Network (COLT), borrowers can get a loan within 24 hours. Moreover, borrowing on Collateral Network (COLT) does not affect your privacy or credit history.
Investors can lend funds on Collateral Network (COLT) by purchasing these fractional NFTs, which are backed by real-world physical assets. The platform also empowers lenders and borrowers to negotiate their separate fixed interest rates for the loans. Besides, lenders will be able to receive a fixed income every week. The platform comes with a liquidity pool that will be locked for 33 years.
The Collateral Network (COLT) ecosystem has its native token called COLT. The token holders will be entitled to get access to the VIP members club, discounts on borrowing and trading fees, voting rights, and staking.
The initial price of a COLT token during the presale has been set at $0.01, which, according to market experts, is bound to surge by 35x in the next six months. Since only 50% of the total 1.4 billion tokens will be available to purchase during the presale, investors are rushing toward Collateral Network (COLT).
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
