Collateral Network (COLT) Steals the Spotlight, Overshadowing Stellar (XLM) and Binance Coin (BNB) Prices

Collateral Network (COLT)

With more than 100 million COLT tokens sold so far, it is safe to say that the presale is starting off with a bang.

We delve into the factors contributing to the Collateral Network (COLT) presale success and examine the challenges faced by Stellar (XLM) and Binance (BNB) as they strive to stay relevant in this fast-paced and competitive landscape. 

Collateral Network (COLT)

Collateral Network (COLT) is a Web3 challenger lender, built upon the foundations of blockchain and NFT technology. Collateral Network revolutionizes the way people borrow money by offering a more inclusive and streamlined approach that caters to a wider audience, including those who face challenges in traditional lending systems.

Individuals can now secure crypto loans by using their high-value assets, like fine art or luxury timepieces, as collateral. This lending protocol is unique in the crypto space and is poised to transform the multi-trillion asset backed lending sector.

Collateral Network is able to bring a borrower’s assets on-chain by minting an NFT that represents the physical asset on a 1:1 ratio. The NFT can be divided into fractions, enabling multiple lenders to contribute to a single loan and earn an income themselves for lending. This way, Collateral Network levels the playing field in the lending market, as well as boosting liquidity, and decreasing the cost of borrowing.

Currently, Collateral Network is in the early stages of its presale, offering COLT tokens at a bargain price of $0.014. This presents a golden chance for investors to acquire COLT tokens at a significantly lower cost before they hit the market. Industry specialists predict that, given the current demand, COLT tokens could witness an astounding 3500% surge in value before 2024.


Stellar (XLM)

Established in 2014 by Jed McCaleb (also known for his role in Ripple), Stellar (XLM) aims to make international money transfers swift and affordable. To do so, Stellar (XLM) uses XLM, its own digital currency, as a versatile connector that enables transactions between various currencies.

Over the years, Stellar (XLM) has caught the attention of financial giants like IBM and Deloitte, who saw potential in its innovative approach. However, adoption and interest in the Stellar (XLM) project have plateaued in recent times, with the price of Stellar (XLM) now down 90% since the 2018 peak of $0.93.

The higher demand for newer, more revolutionary projects like Collateral Network (COLT) is putting pressure on the Stellar (XLM) market share. Analysts foresee Stellar (XLM) recovering to at least $0.20 during a crypto-wide bull market, but they do not think Stellar (XLM) will be able to reclaim its position as one of the top 10 cryptocurrencies by market capitalization any time soon.

Binance (BNB)

Binance (BNB) is a digital asset exchange platform that was created in 2017. Since then, Binance (BNB) has become one of the most popular cryptocurrency exchanges with over 30 million users and a trading volume exceeding $76 billion.

The price of Binance (BNB) jumped from $38 to over $680 in 2021, which made Binance (BNB) one of the most profitable assets out there. However, Binance (BNB) has since fallen back to a price of just $32, at the time of writing.

This slump in the Binance (BNB) price can be attributed to the bear market, bad sentiment surrounding centralized exchanges, and the U.S. SEC’s crackdown on Binance (BNB) U.S. operations.

Some analysts are commenting that Binance (BNB) has ‘already run its race’ and that newer projects like Collateral Network (COLT) offer a more promising investment opportunity. With the rise in decentralized finance applications, it looks like Binance (BNB) is beginning to lose its edge in the crypto market.

Find out more about the Collateral Network presale here:





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