Why Bulls Are Rallying Behind Collateral Network (COLT) And Not KuCoin (KCS) And Cardano (ADA)
Due to its exceptional growth prospects and unique business roadmap, Collateral Network (COLT) has become the most favored crypto project in the market.
Due to its exceptional growth prospects and unique business roadmap, Collateral Network (COLT) has become the most favored crypto project in the market. Its ongoing presale round is expected to rise by 3500%. Collateral Network’s value is forecasted to surge by 100x in 2023. Even big projects like KuCoin (KCS) and Cardano (ADA) are losing their ground to Collateral Network (COLT).
KuCoin (KCS) Suffers Hacking
One of the leading crypto exchanges, KuCoin (KCS), recently suffered a massive hack. Acknowledging the security breach, KuCoin stated that its Twitter account was compromised for about 45 minutes on April 24.
Notably, the security breach caused KuCoin’s users to lose more than 22,000 USDT to hackers. Later, KuCoin (KCS) revealed that only its Twitter account was hacked, and other channels, including its website and other social media accounts, were unaffected.
Afterward, KuCoin announced that it would reimburse affected users, and an investigation into this matter was initiated. However, experts believe that the hacking incident can decrease investors’ confidence in KuCoin. Currently, KuCoin (KCS) is changing hands at $8.14.
Cardano (ADA) Reveals New Updates
Cardano (ADA) recently announced many updates that will help the network move toward the Voltaire era soon. According to Cardano, there is massive progress in the development of CIP-1694, which represents the first iteration of the network’s on-chain governance. Besides, Cardano (ADA) has also indicated a massive leap toward the Conway ledger era.
Meanwhile, a recent report by Santiment has revealed that Cardano (ADA) secured the third position in GitHub’s commit rankings. These developments have made a positive impact on the price of Cardano (ADA). The market value of Cardano (ADA) is up by 5% on the weekly chart and 6% on the monthly chart. At present, Cardano (ADA) is trading at $0.40.
Collateral Network (COLT) Dominates Crypto Market
Collateral Network (COLT) is a Web3-based disruptive platform where real-world assets can be used as collateral to unlock liquidity. Collateral Network bridges the gap between Web3 and the real world and provides users with an opportunity to borrow money against tangible assets like luxury watches, fine wine, vintage cars, and more.
Collateral Network offers numerous benefits to borrowers, like no credit footprint, a fast turnaround of just 24 hours, a borderless and permissionless process, and a competitive interest rate. It also ensures transparency by storing all contractual information on the public blockchain.
COLT tokens fuel the ecosystem of Collateral Network and are currently available at $0.014, with a deposit bonus for a limited period. COLT tokens are built on the Ethereum blockchain, and their smart contract is fully audited. Holders of Collateral Network (COLT) tokens will get staking rewards, voting rights, discounts, and access to private auctions of distressed assets.
The market value of Collateral Network is predicted to soar by 3500% during the presale, which is currently in stage one. Moreover, just 38% of the total COLT token supply will be available to purchase during the presale.
With the presale offering the lowest price for COLT, this is the best time to diversify and grab a future mainstream crypto token. The expected massive gains offer an opportunity that is hard to ignore.
If you are looking to benefit from COLT’s predicted rise from $0.014, check out the links below to find out how you can benefit from a 40% purchase bonus.
Find out more about the Collateral Network presale here:
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