The crypto market is abuzz with news about Litecoin’s (LTC) price and its upcoming halving event, while Cardano (ADA) prices remain relatively flat. However, the show’s real star is Collateral Network (COLT), which has seen a 40% increase in its presale.
Litecoin (LTC)
Litecoin’s (LTC) upcoming halving event has captured the crypto community’s attention. Halvings have historically influenced the prices of cryptocurrencies like Bitcoin (BTC) and Litecoin (LTC), and this event is no exception.
Litecoin (LTC), often referred to as the silver to Bitcoin’s (BTC) gold, is a decentralized cryptocurrency that was created as an alternative to Bitcoin (BTC). It offers faster transaction times and lower fees. The upcoming third halving event is expected to significantly impact Litecoin’s (LTC) price and mining rewards.
However, historical suggests that halvings affect Bitcoin (BTC) and Litecoin (LTC) in different ways. While Bitcoin (BTC) goes up consistently after halvings, the same is not true for Litecoin (LTC). With only 100 days left until the third Litecoin (LTC) halving, it’s crucial to keep an eye on its potential impact on the market.
Cardano (ADA)
Cardano (ADA), a third-generation blockchain platform, has been trading relatively flat recently, despite several new developments.
As a blockchain focused on peer review, Cardano (ADA) aims to provide a more scalable and secure smart contract platform that addresses the issues which Ethereum ran into.
The latest news in the Cardano (ADA) ecosystem includes the launch of the Wrapped Bitcoin token on the Cardano testnet. This development, initiated by the anetaBTC project, seeks to bring Bitcoin (BTC) liquidity to the Cardano (ADA) network.
Additionally, the Djed stablecoin on Cardano (ADA) is opening doors for Ethereum developers, enabling expansion to other EVM-compatible blockchains.
Collateral Network (COLT)
Collateral Network (COLT) is emerging as the star of the show, having recently seen a 40% pump in its price. Collateral Network (COLT) is the first crowdlending platform that allows borrowers to use physical assets as collateral to obtain a loan on the blockchain. The platform currently accepts a variety of physical assets, including real estate, art, fine wines, jewelry, and watches.
By minting NFTs against the physical asset of a borrower and fractionalizing it into smaller pieces multiple individuals are able to participate in the lending process to fund a loan and effectively become their own. In return for funding the loans, lenders will receive a weekly fixed interest for the duration of the loan, allowing them to build a diversified portfolio of loans.
Once borrowers repay the principal loan and interest, Collateral Network redeems the asset from the vault and burns the NFT.
With its innovative approach to lending and the peer-to-peer lending market projected to reach a value of $525.3 billion by 2027 (source: Research and Markets), the growing interest in the project comes as no surprise.
Collateral Network is predicted to outperform both Litecoin (LTC) and Cardano (ADA) in the coming months. The COLT token is currently in its presale phase at a bargain price of only $0.014. Experts anticipate a 25X increase before being listed on major exchanges like Coin Market Cap.
Keep an eye on this project as the presale continues to gain traction.
Explore 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