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Crypto bulls have been drawn by a new project, Collateral Network (COLT), due to its massive growth prospect. The presale of Collateral Network (COLT) is predicted to give 3500% profit to investors.
Thus, bulls are investing heavily in Collateral Network, and its COLT tokens are selling fast. On the other hand, the future of Neo (NEO) and Ripple (XRP) is lingering due to government regulations.
Neo (NEO) Gets Support From The East Asian Region
Since Hong Kong announced that it would make the buying, holding, and selling of cryptocurrencies legal, Neo (NEO) has been going upward on the price chart. The price of Neo (NEO) is up by more than 14% on the monthly chart. As a result, the trading price of Neo (NEO) is $12.15 at the time of writing.
However, Hong Kong is not the only reason behind Neo’s (NEO) strong performance. The ease in China’s hostility toward cryptocurrencies is another reason that has helped Neo (NEO) rise. Neo (NEO) has its roots and stronghold in the East Asia region. So, the events taking place in Hong Kong and China have made a big impact on the growth trajectory of Neo (NEO). However, Neo (NEO) is still 94% below its peak price of $196.85, and it needs to sustain its growth momentum for a continuous period to reach its all-time high again.
Ripple (XRP)-SEC Lawsuit Gets Another Twist
A new update has emerged in the ongoing lawsuit between SEC and Ripple (XRP), fueling optimism in the investors’ community. Recently, crypto attorney, Bill Morgan, revealed that SEC’s experts have stated that Ripple’s (XRP) price movements were 90% influenced by Bitcoin and Ethereum. According to Morgan, this nullifies SEC’s claims that Ripple controls XRP’s performance.
Meanwhile, market experts have predicted that Ripple (XRP) can emerge victorious against the SEC. Ranked 6th by market capitalization, Ripple (XRP) has witnessed a significant rise in its price in the past month. The market value of Ripple (XRP) has increased by 28% on the monthly chart. At the time of writing, a Ripple (XRP) token is available to purchase at $0.50.
Collateral Network (COLT) Outperforms Long-standing Cryptos
Collateral Network (COLT) is a Web3 crowdlending platform helping users raise funds against their tangible assets. Collateral Network (COLT) grants loans by minting NFTs that are backed by real-world assets of borrowers such as prestigious wine, jewelry or fine art. To ensure the stability and market viability of its process, Collateral Network (COLT) does not allow users to borrow against any future income.
Let’s assume a borrower needs to meet some expenses, and has a $15,000 bottle of wine. They can use the wine as collateral, on Collateral Network (COLT), to take a loan. The platform will properly authenticate the wine, and decide its market value with the help of artificial intelligence. Then, Collateral Network (COLT) will mint an NFT against the collateral, and store the physical asset in its vaults. The NFT is then fractionalized, allowing multiple people to fund the loan for a fixed rate of interest.
Collateral Network (COLT) also guarantees slippage-free trading by sustaining institutional-level liquidity on the platform. COLT tokens power the platform, and COLT holders will be entitled to many benefits, including staking rewards, voting rights, and access to online auctions of distressed assets.
The Collateral Network (COLT) team will release 38% of the total 1.4 billion tokens during the presale. COLT tokens are available in presale to buy at $0.014, and are expected to rise by 3500% in the next few months.
Find out more about the Collateral Network presale here:
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