How Collateral Network’s (COLT) presale performance has pushed Cosmos (ATOM) and Binance (BNB) out of focus

If you are following the news of the crypto world, you would have heard about Collateral Network (COLT), which has stunned analysts with its presale performance. The market value of Collateral Network (COLT) is poised to jump by 100x in 2023. Meanwhile, Cosmos (ATOM) and Binance (BNB) are running out of fuel.

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Cosmos (ATOM) sees a decline in trading volume

Although the Cosmos (ATOM) network has announced new developments in recent months, its volume has stayed the same. 

The price of Cosmos (ATOM) has fallen by 11% in the past three months. Cosmos (ATOM) social metrics also look gloomy as bullish sentiments around the network have plummeted by 19%, while bearish sentiments have increased by 10% during the same period. Currently, Cosmos (ATOM) is available at $11.72. 

To rebuild the hype around its network and reignite its bulls, Cosmos (ATOM) recently announced that its IBC-Solidity will expand to new blockchains in 2023. The deployment of IBC-Solidity will connect Cosmos (ATOM) and Ethereum, and facilitate the transfer of tokens, messages and data among different blockchains. However, experts believe that Cosmos (ATOM) needs to push on its development activity quickly before losing a significant market share.

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Binance (BNB) eyes the Argentinian market

As Binance (BNB) and the U.S. authorities are getting hostile towards each other, the world’s largest crypto exchange has started targeting new countries to increase its footprint. Recently, Binance (BNB) expanded its services in Argentina, where the exchange will allow users to sell or buy digital currencies directly using pesos. 

According to analysts, Binance (BNB) can benefit from its expansion in Argentina, which is one of the best countries for crypto adoption. Interestingly, Argentina is the second South American country where Binance (BNB) seeks expansion. Earlier, Binance (BNB) partnered with the Brazilian Football Confederation to launch sports NFTs. Meanwhile, the market value of Binance (BNB) has plunged by 4% in the past month. Binance (BNB) is currently trading at $324.14.

Collateral Network (COLT) identified as the new Crypto king

Collateral Network (COLT) is the world’s first platform that facilitates physical-assed-NTF-based crowdlending. Collateral Network (COLT) tokens are deployed on the Ethereum blockchain, and the token contract is fully audited. Collateral Network (COLT) empowers people to borrow cash using tangible assets.

While other Web3-based lending platforms accept only digital assets for giving loans, Collateral Network (COLT) gives loans on off-chain assets. Collateral Network (COLT) uses borrowers’ physical assets to mint non-fungible tokens (NFTs); thus, their value remains stable and immune to any negative market speculations. Then, the platform fractionalizes the NFT in pieces. Investors can buy these NFTs pieces to fund loans and become fractional lenders on Collateral Network (COLT). 

If a borrower defaults to repay the loan, Collateral Network (COLT) will auction the physical asset, stored in one of its vaults for the duration of the loan, so the platform returns the investments to lenders. 

COLT tokens offer several discounts and privileges to their holders, including discounts on transaction fees, staking rewards and access to auctions of distressed assets.

The presale price of COLT tokens started at $0.01 and has increased to $0.014. Analysts expect the project to jump by at least 35x during the presale round. COLT tokens are predicted to surge by 100x after they go live on crypto exchanges.

Find out more about the Collateral Network presale here:

Website: https://www.collateralnetwork.io/
Presale: https://app.collateralnetwork.io/register 
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk

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