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Bitcoin SV (BSV) And Zcash (ZEC) Fail To Shine As Collateral Network (COLT) Rakes More Gains
The prolonged bear market has taken a massive toll on both investors and crypto enthusiasts. At a time like this, one of the important considerations when looking to add more tokens to your portfolio is functionality and use-cases of the project. Three assets that can beat the market are Bitcoin SV (BSV), Zcash (ZEC), and Collateral Network (COLT). Read on to find out why more investors are purchasing more Collateral Network (COLT) than the other two assets, and why COLT is set for landmark 35x gains over its presale.
Robinhood, a financial market trading app, announced recently that, by January 25, it will delist Bitcoin SV (BSV) from its platform. The announcement is meant to put users on notice that after January 25 they would not be able to buy, sell, or even trade Bitcoin SV (BSV) on Robinhood. If you use Robinhood to access the financial market, you have until January 25 to withdraw your assets; otherwise, the remaining Bitcoin SV will automatically be sold with users credited accordingly.
"We have a rigorous framework in place to help us regularly review the crypto we offer on Robinhood,” the company stated. “While we do not discuss the process for assets on an individual basis, based on our latest review, we’ve decided to end support for Bitcoin SV."
Bitcoin SV (BSV) launched after a hard fork of the Bitcoin Cash (BCH) blockchain in 2018. It aims to offer stability and scalability based on Bitcoin's original model. The price of Bitcoin SV (BSV) dropped significantly by 11% and closed around $48 as of last week. According to CoinMarketCap, Bitcoin SV (BSV) trades for $44.77 USD with a 24-hour trading volume of $52,747,122 USD.
The market fluctuations that affected major tokens like BTC and ETH have also plummeted the performance of Zcash. Zcash launched into the crypto space to deliver high-powered anonymity and enhanced privacy features to end users, but the prolonged bear market has made it unable to achieve its vision and mission. In the last 48 hours of trading, Zcash lost a significant portion of its value, closing below $45 per token.
Experts believe that if the Zcash team delays to improve the token's performance, the market is not optimistic for Zcash.
ZCash was launched in 2016 by an experienced team of scientists and engineers from institutions like Tel Aviv University, Johns Hopkins, and MIT. At press time, Zcash (ZEC) trades for $42.41 USD with a 24-hour trading volume of $97,643,844 USD.
Collateral Network (COLT) is a unique and transparent crowdlending marketplace built on the Ethereum blockchain where borrowers can unlock funds to scale their businesses using their physical assets. Collateral Network (COLT) provides fractional loans to borrowers with their physical assets serving as collateral at an agreed interest rate.
Its native token, $COLT, comes with a lot of exciting features, including giving holders both voting and governance rights. The $COLT token has a maximum supply of 1,400,000,000 in circulation, of which 50% has been allocated for its upcoming ICO at a starting price of $0.01. Stay glued to the official page, as the team promises to announce the ICO date in the coming weeks.
With the impressive performance that Collateral Network (COLT) has displayed in the last one week, experts predict that the token will surge by 35x over the next few weeks. So, if you're looking to invest in a project with real-world use-cases, consider adding Collateral Network (COLT) in your investment portfolio.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
