Bitcoin (BTC), Cardano (ADA), or Collateral Network (COLT) – Where are whales heading to

The crypto market has always been volatile and unpredictable. Therefore, experts recommend diversifying investment portfolios. At present, a new project, Collateral Network (COLT), is attracting investment portfolios as it is projected to grow by 3500% during the presale. On the other hand, well-established cryptocurrencies like Bitcoin (BTC) and Cardano (ADA) are currently bleeding money.

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Bitcoin’s (BTC) congestion level increases

The Bitcoin network has experienced its highest level of congestion in recent years, primarily after the introduction of BRC-20s. According to CryptoQuant, the daily transactions on Bitcoin touched a new peak of 682,000. Subsequently, the average fee per transaction on the Bitcoin (BTC) network has surged to $30.82, the highest since February 2021.

The launch of BRC-20s, which are essentially NFTs, was made possible after the introduction of Bitcoin’s Ordinals protocol. The increased congestion level has resulted in a backlog of transactions due to the availability of limited block space on the Bitcoin network. Meanwhile, the price of Bitcoin (BTC) has fallen by 6% in the past week. At present, Bitcoin (BTC) is changing hands at $27,443.21.

Around 80% of Cardano (ADA) holders are making losses

The price of Cardano has been plummeting for the past many weeks and has started to take a toll on its investors. The market value of Cardano has nosedived by 7% in the past week. Consequently, Cardano (ADA) is being traded at $0.37.

According to a new report by IntoTheBlock, at least 80% of all Cardano holders are experiencing losses. The report revealed that 3.44 million Cardano addresses, which hold 26.85 billion ADA tokens, are ‘out of the money.’

Cardano is currently standing in the seventh position by market capitalisation. However, the recent Hydra upgrade by Cardano is expected to increase the activity on the network, thereby its price.

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Collateral Network (COLT) advances toward 35x price gains during presale

Collateral Network is a new project set to disrupt the lending market, estimated to be worth $4.5 trillion, by allowing people to use their physical assets as collateral to unlock liquidity on-chain.

Collateral Network democratises the process of unlocking liquidity, making it accessible to a broader range of people. No more obstacles from banking or financial institutions. This peer-to-peer lending platform allows people to unlock liquidity from their physical assets without selling them.

The asset classes for which Collateral Network grants liquidity include diamonds, gold, fine wines, art, watches, cars, and more.

Those looking to unlock liquidity can send their physical assets directly to Collateral Network, whose team will assess the asset to ascertain a valuation using artificial intelligence, thereby generating algorithmic lending rates. Post this process, Collateral Network mints fractionalised NFTs against the physical assets and transports them safely into its vault. Investors will be allowed to purchase NFTs fractions from a decentralised marketplace, becoming their own banks in the process. Moreover, the company sends the collateralised assets back to the rightful owners after the repayment of the loan and interest. Thereafter, NFTs minted for settled loans are also burnt.

A COLT token, currently in its presale phase, can be purchased at $0.014. COLT tokens have already increased by 40% from their original price of $0.001, giving the first beta investors some returns. However, people wishing to acquire COLT tokens are still on time before the price increases. Experts are forecasting that by the end of the presale, a COLT token will be worth $0.35, a 3500% increase from its original price, and by a further 100x once it hits major exchanges. To capitalise on these gains, no better moment than the present to acquire your COLT tokens.

For more information on Collateral Network, visit the website, join the presale, or join the community for regular updates.

Find out more about the Collateral Network presale here:

Website: https://www.collateralnetwork.io/

Presale: https://presale.collateralnetwork.io/register

Telegram: https://t.me/collateralnwk

Twitter: https://twitter.com/Collateralnwk

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WARNING: The investment in crypto assets is not regulated, it may not be suitable for retail investors and the total amount invested could be lost

AVISO IMPORTANTE: La inversión en criptoactivos no está regulada, puede no ser adecuada para inversores minoristas y perderse la totalidad del importe invertido