Could The Ethereum Classic (ETC) Price Surpass Bitcoin Cash (BCH) This Year? Experts Prefer Collateral Network (COLT) To Make The Biggest Gains
Investing in the right cryptocurrency at the right time can be an extremely rewarding decision.According to experts, Collateral Network (COLT) has the most growth potential and can make fortunes for its early investors in the coming months.Therefore, proponents of Ethereum Classic (ETC) and Bitcoin Cash (BCH) are reconsidering their decisions to join Collateral Network’s (COLT) dream run.
Hype Around Bitcoin Cash’s (BCH) CashTokens Subsides
The Bitcoin Cash network released its CashTokens upgrade with great pomp on May 16.The upgrade was considerably successful in creating hype around Bitcoin Cash and pushing the price of BCH upward.
The upgrade is aimed at bringing NFTs and smart contracts to the Bitcoin Cash network.
However, the hype did not last long, and Bitcoin Cash fell into the red zone again.Bitcoin Cash has entered a downtrend, with its price plunging by more than 2% in the past month.
Hence, the current trading price of Bitcoin Cash (BCH) has come down to $116.35.Analysts fear that Bitcoin Cash may fall further as the number of long-term holders is declining rapidly.
Ethereum Classic (ETC) Goes Sluggish
The Ethereum Classic community is concerned with the sluggish growth of the network.They fear that dormancy in development could cause a long-term bear phase for Ethereum Classic.Notably, Ethereum Classic has not undergone any hard forks or major upgrades since 2016.
This makes Ethereum Classic less compelling and competitive in the current market conditions, where all its rivals are introducing new updates at regular intervals.This has pushed several investors away from Ethereum Classic.Subsequently, the price of Ethereum Classic (ETC) has plummeted by 7% in the past month.
Currently, Ethereum Classic (ETC) trades at $18.40.
Collateral Network (COLT) Proves Its Growth-bound Mettle
Collateral Network is crafting a golden future for crowdlending against real-world assets.It has developed a one-of-a-kind Web3 platform that enables people to unlock liquidity by leveraging their physical assets like diamonds, fine art, luxury watches, vintage cars, and other collectibles.
Collateral Network also addresses the issues that limit the growth of the credit market, such as less accessibility, higher interest rates, complex regulations, and geographical barriers.
To unlock liquidity, borrowers need to send their assets to the Collateral Network team.
Thereafter, the company assesses and decides the market value of collateralized assets with the help of an artificial intelligence-based mechanism.Collateral Network stores these assets in its secure vaults after fractionalized NFTs are minted against them.
Lenders can buy as many fractions of the NFT as they wish, providing borrowers with the needed liquidity and backing the loan partially, not entirely.Upon loan repayment, borrowers get their collateralized assets back, and the NFTs are burned.
Collateral Network provides lenders with an opportunity to become their own banks by earning weekly passive income from the lent money.The holders of Collateral Network tokens will get several benefits, like staking rewards, voting rights on important resolutions, and access to private auctions.
Collateral Network’s presale is live, and its tokens are currently available at $0.014.It is best to book them now, as the market value of COLT tokens is forecasted to increase by 3500% during the presale phase.
Find out more about the Collateral Network presale here:
Website:
https://www.collateralnetwork.io/
Presale:
https://presale.collateralnetwork.io/register
Telegram:
Twitter:
https://twitter.com/Collateralnwk
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