By Guest Writer • 10 June 2023 • 9:45
As cryptocurrencies reach their peak and trade flat, investors are constantly seeking new opportunities for maximising their gains. In this pursuit, Polygon (MATIC) and Litecoin (LTC) whales are now turning their attention to Collateral Network (COLT). With Collateral Network currently in its presale phase, these whales are recognising the potential for larger returns on their investments.
Polygon has been gaining attention and attracting investors with recent developments and positive market trends. One notable announcement from Polygon is the optimisation of its network’s zkEVM, a move that will lead to a notable reduction in transaction fees by approximately 20%. This optimisation has further fuelled investor interest, resulting in a substantial increase of $14.26 million in the Polygon TVL (Total Value Locked) since March.
These positive developments have had a direct impact on the price of Polygon (MATIC), which is currently trading at $0.89. Furthermore, the Polygon token has experienced a 2.35% increase in price, accompanied by a 15.21% surge in trading volume over the last 24 hours. The growing market activity and investor engagement signal a promising future for Polygon in the crypto space. Nevertheless, Polygon whales are still turning to Collateral Network (COLT) since analysts expect larger gains.
Litecoin remains a prominent player in the digital market, showcasing its relevance through increased activity and notable partnerships. Since its establishment in 2011 by Charlie Lee, Litecoin has solidified its position as a reliable and valuable cryptocurrency. Often referred to as ‘digital silver,’ Litecoin stands out with its unique hashing algorithm and fast transaction confirmations.
As Litecoin approaches its third mining reward halving in early August, anticipation builds for the potential impact on its price. This event will reduce the rewards received by miners per block, a factor that historically influences the coin’s value. Moreover, the strategic partnerships forged by the Litecoin Foundation further enhance Litecoin’s adoption as a widely used currency for transactions, setting the stage for a promising performance in 2023.
However, compared to Collateral Network, Litecoin has already experienced many bull runs, and its market cap is extremely high. This means Litecoin won’t jump significantly in value and will only provide modest returns.
Collateral Network is generating significant buzz in the crypto and lending sectors as it enters its presale phase. With a recent 40% price rally, Collateral Network is revolutionising the lending industry, aiming to overcome the barriers imposed by traditional institutions. By utilising valuable physical assets as collateral, borrowers can unlock liquidity through Collateral Network’s decentralised peer-to-peer lending platform.
The process is simple: borrowers have their assets verified and valued by Collateral Network’s team, which securely stores them in a vault. Collateral Network then mints NFTs representing the asset’s value, which are fractionalized for multiple lenders to fund a single loan. Lenders, in turn, receive a weekly passive income, becoming their own mini-banks and diversifying their loan portfolios.
COLT token holders enjoy a range of benefits, including discounted fees, access to auctions of distressed items, and governance rights. In the second phase of its presale, COLT tokens are available at $0.014 with a limited-time 40% deposit bonus.
With the lending industry projected to reach $6.9 trillion in the coming years, Collateral Network is positioned for explosive growth, expected to rise by 3500% during its presale and potentially 100x once listed on major exchanges. Don’t miss out on this opportunity – buy COLT tokens now and join the Collateral Network (COLT) revolution.
Find out more about the Collateral Network presale here:
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
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