The recent Bitcoin (BTC) price drop below $27,500 has experts urging caution regarding the new altcoin season, stating that the previously predicted altcoin revival may have been premature.
Meanwhile, investors have flocked to a new DeFi project, which brings real-world utility to the crypto market as never seen before and is expected to surge 35x before its presale ends.
Bitcoin (BTC) Drops Below $27,500
After breaking key support levels in the $29,000 area in mid-April, the Bitcoin (BTC) token saw a 10% decline in its price caused by investors liquidating their long positions. This put the Bitcoin (BTC) price below the $27,500 mark, with investors liquidating Bitcoin (BTC) tokens worth $266 million.
This has led experts to predict a halt in the upcoming altcoin season as investors brace themselves to see how macroeconomic factors will affect the crypto market.
Since the Bitcoin (BTC) token drop, the Bitcoin (BTC) price has bounced back, ending the mini bullish movement. Currently, the Bitcoin (BTC) token is trading at $29,106, marking a 0.04% price increase in the last 24 hours.
Still, despite Bitcoin (BTC) returning to its pre-drop levels, its continuous price volatility has led investors to look for alternatives, eyeing a particular new revolutionary project for higher gains.
What New Presale Gem Are Investors Diversifying To?
The Collateral Network (COLT) is the name of the new ingenious project that has caught the attention of thousands of investors.
The Collateral Network (COLT) is set to position itself at the top of the trillion-dollar lending industry, enabling borrowers to liquid high-value, physical assets on the blockchain, including cars, fine art, and other valuables.
Once the borrower sends their physical asset to the Collateral Network (COLT), its fully-doxed team mints 100% asset-backed NFTs of the asset, further fractionalizing it to enable multiple investors to fund the loan and earn a passive income as a result.
And once the borrower pays the loan back, the Collateral Network (COLT) redeems the asset kept in its highly-secured vault and burns the NFTs.
This unique and ground-breaking real-world utility has had thousands of investors flocking to the Collateral Network (COLT), leading the token to jump 40% in price during its presale.
Additionally, experts forecast that the Collateral Network (COLT) token will deliver 3500% returns to its holders before the presale ends, making the project even more attractive to investors.
What Makes Collateral Network (COLT) Poised for 3500% Returns?
An excellent real-world utility is not the only thing the Collateral Network (COLT) brings. Here’s why experts predict it to surge and outperform most of the market.
- Fixed Passive Income: Investors can receive a weekly fixed passive income by lending money to borrowers.
- Liquidity: Each NFT is 100% asset-backed and kept in a highly-secured vault, making COLT a far safer borrowing option on the blockchain.
- Security: COLT holds private online auctions to recover investors’ funds whenever a borrower defaults in their loan.
- Fast Turnaround: Borrowers can receive funds within 24 hours.
Conclusion
With its doxed team, long-term roadmap, vast ecosystem, and fully-audited token, the Collateral Network (COLT) is well-positioned to become a market leader in the DeFi market, revolutionizing it along the way.
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
This article was written for Business 2 Community by Michael Abetz.
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