Many crypto projects have upgraded their network to remain viable in the current market conditions. FIlecoin (FIL) and Cardano (ADA) have been able to escape the clutches of bears with new upgrades. However, the overall crypto community has rejoiced with the Collateral Network (COLT) presale launch.
Experts have predicted that the presale of Collateral Network (COLT), which has already raised over $250k in just a few days of its launch, will record a skyrocketing growth of 3500%. However, COLT tokens are selling out fast in its first phase.
Filecoin (FIL) Shoots Up Ahead Of FVM Launch
The launch of the Filecoin Virtual Machine (FVM) has made Filecoin (FIL) record significant gains. The price of Filecoin (FIL) increased by 18% on the daily chart, on March 14th. On the weekly chart, the price of Filecoin (FIL) has jumped by 13%. Moreover, Filecoin (FIL) has grown by 39% on the monthly chart.
Such significant gains have put Filecoin (FIL) in a commanding position. While Filecoin (FIL) is currently a storage blockchain, FVM would enable it to become a programmable network. FVM introduces smart contracts on the Filecoin (FIL) network.
At present, Filecoin (FIL) is changing hands at $5.62, which is about 97.6% below its all-time high of $237.24.
Cardano (ADA) Grows On The Back Of Rising Djed
A convincing growth of the Djed stablecoin has led to a rise in the Cardano (ADA) network’s performance. The de-pegging of USD Coin (USDC) has increased the demand for the Cardano (ADA) Djed stablecoin. Besides Djed, recently-launched upgrades, including CIP-30, have also made a positive impact on the overall market standing of Cardano (ADA).
The market capitalization and price of Cardano (ADA) have increased in recent weeks. The value of Cardano (ADA) has soared by 10% in the last seven days. Consequently, Cardano (ADA) is changing hands at $0.3934, which is 87.3% below its all-time high of $3.10. Experts believe that the Cardano (ADA) value is likely to increase further in the coming weeks.
Collateral Network (COLT) Gains Promising Momentum
Collateral Network (COLT) is a decentralized investment platform that facilitates borrowing cryptocurrencies using physical assets. The Collateral Network (COLT) value proposition and business roadmap are advantageous for both borrowers and lenders.
Collateral Network (COLT) turns physical assets into minted asset-backed, fractionalised NFTs which allows lenders to lend small sums of money to raise the funds for borrowers to take cash loans. The platform is borderless, thus, anyone across the globe can become borrowers and take loans on their tangible assets on Collateral Network (COLT) and earn cash within 24 hours while keeping their credit history intact. The network has 2FA security options, and does not require them to submit any documents.
Anyone can be lenders on Collateral Network (COLT) and get a plethora of benefits including discounts on trading fees and are provided with a fixed weekly income. Auctions of distressed assets will be undertaken to recover lenders’ funds in the event of a loan default by borrowers when repaying the loans raised.
Collateral Network (COLT) is governed by COLT tokens, whose initial price for the presale round starts at $0.01. But market pundits have forecasted that the price of COLT tokens will skyrocket to 3500% soon. It is also expected to jump by 100x after hitting leading DEXs and CEXs. 38% out of the 1.4 billion COLT tokens will be supplied during the presale period. Presale COLT holders will receive access to the VIP members club.
Find out more about the Collateral Network presale here:
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
The post Support For Filecoin (FIL) and Cardano (ADA) As Market Bulls Swarm Collateral Network (COLT) Presale For 3500% Return appeared first on The Merkle News.
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