Fantom (FTM) Leaves Holders Disappointed, Cosmos (ATOM) Prices Stabilize as Collateral Network (COLT) Surges Over 40% in Presale
The cryptocurrency market is witnessing exciting developments in 2023 as the bulls come out and start regaining lost ground again.
Some tokens that began with great promise such as Fantom (FTM) are no longer as attractive as they once were while Cosmos (ATOM) is currently trying to stabilize.
One of the most talked about projects at the moment is Collateral Network which is phase 1 of its presale and has already surged over 40%. Analysts predict the price of COLT to grow by 3500% before the end of the presale.
In this post, we will tell you the latest on Fantom and Cosmos and why investors are now trooping to the Collateral Network presale.
Will Fantom (FTM) Drop Further in May?
Fantom has already dropped by 17.68% in the last month alone. According to many crypto analysts, the price of Fantom (FTM) could very likely drop further to below $0.3 by mid-May, 2023.
At the time of writing, Fantom is trading at $0.38. FTM has lost over 5.8% in the last 24 hours. Its market cap has also decreased by more than 6% in the same period. Fantom’s negative trend has persisted for close to a month now.
Experts are convinced that FTM is facing a bearish trend. In the last three months, Fantom has declined by 28.58%. Considered from a long-term perspective, FTM has made a negative 44.18% 1-year price change. In fact, Fantom was trading at over $0.689 on this day in 2022.
The bearish trend has left many Fantom investors disappointed, which is probably why many are now turning to more lucrative projects.
Cosmos (ATOM) Suffers a Decline in Trading Volume but Still Stabilizes
In recent months, Cosmos has announced several new developments but its trading volume and price have either gone down or struggled to remain the same. The last three months have seen the price of Cosmos (ATOM) decline by over 11%.
Even social metrics show that bullish sentiments in its community have dropped by 19% and bearish sentiments have risen by 10%. Cosmos is currently trading at $11.08 with indications of stabilizing in that range.
In an attempt to bring back its bulls and popularize the network, Cosmos has announced that it plans to expand its IBC-Solidity and add more blockchains this year. IBC-Solidity will help to connect Cosmos to Ethereum and enable the transfer of data and tokens across different blockchains.
However, Cosmos will need to ramp up its development activity faster or else it will lose a significant market share.
Increased Demand for Collateral Network Tokens in Presale Following a 40% Surge
Collateral Network is well-positioned to be one of the most attractive blockchain projects in 2023. It seeks to revolutionize the asset-backed lending market, which is predicted to be worth well over $1.7 billion by the year 2031. The global lending market is currently valued at $561 billion per annum.
Collateral Network will bridge the gap between the physical world and Web3 and help its users to unlock liquidity from their physical assets and use them as collateral to borrow from other users on the platform.There are many assets that can be used as collateral on the platform including vintage cars, luxury watches, jewelry, real estate, and many more.
The assets are first evaluated on the platform and then minted in NFTs which are further fractionalized to allow multiple lenders to fund each loan by purchasing small fractions of the NFT. Borrowers receive their loans in as little as 24 hours while lenders earn fixed-rate interest paid weekly.
COLT is the native token of the Collateral Network ecosystem. COLT is currently in presale with prices having soared by 40% in the first few weeks. Experts predict the price of COLT to reach $0.35 by the end of the presale having made 3500% gains.
For more information on Collateral Network visit the website, join the presale or join the community for regular updates.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Presale: https://presale.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
The cryptocurrency market is witnessing exciting developments in 2023 as the bulls come out and start regaining lost ground again.
Some tokens that began with great promise such as Fantom (FTM) are no longer as attractive as they once were while Cosmos (ATOM) is currently trying to stabilize.
One of the most talked about projects at the moment is Collateral Network which is phase 1 of its presale and has already surged over 40%. Analysts predict the price of COLT to grow by 3500% before the end of the presale.
In this post, we will tell you the latest on Fantom and Cosmos and why investors are now trooping to the Collateral Network presale.
Will Fantom (FTM) Drop Further in May?
Fantom has already dropped by 17.68% in the last month alone. According to many crypto analysts, the price of Fantom (FTM) could very likely drop further to below $0.3 by mid-May, 2023.
At the time of writing, Fantom is trading at $0.38. FTM has lost over 5.8% in the last 24 hours. Its market cap has also decreased by more than 6% in the same period. Fantom’s negative trend has persisted for close to a month now.
Experts are convinced that FTM is facing a bearish trend. In the last three months, Fantom has declined by 28.58%. Considered from a long-term perspective, FTM has made a negative 44.18% 1-year price change. In fact, Fantom was trading at over $0.689 on this day in 2022.
The bearish trend has left many Fantom investors disappointed, which is probably why many are now turning to more lucrative projects.
Cosmos (ATOM) Suffers a Decline in Trading Volume but Still Stabilizes
In recent months, Cosmos has announced several new developments but its trading volume and price have either gone down or struggled to remain the same. The last three months have seen the price of Cosmos (ATOM) decline by over 11%.
Even social metrics show that bullish sentiments in its community have dropped by 19% and bearish sentiments have risen by 10%. Cosmos is currently trading at $11.08 with indications of stabilizing in that range.
In an attempt to bring back its bulls and popularize the network, Cosmos has announced that it plans to expand its IBC-Solidity and add more blockchains this year. IBC-Solidity will help to connect Cosmos to Ethereum and enable the transfer of data and tokens across different blockchains.
However, Cosmos will need to ramp up its development activity faster or else it will lose a significant market share.
Increased Demand for Collateral Network Tokens in Presale Following a 40% Surge
Collateral Network is well-positioned to be one of the most attractive blockchain projects in 2023. It seeks to revolutionize the asset-backed lending market, which is predicted to be worth well over $1.7 billion by the year 2031. The global lending market is currently valued at $561 billion per annum.
Collateral Network will bridge the gap between the physical world and Web3 and help its users to unlock liquidity from their physical assets and use them as collateral to borrow from other users on the platform.There are many assets that can be used as collateral on the platform including vintage cars, luxury watches, jewelry, real estate, and many more.
The assets are first evaluated on the platform and then minted in NFTs which are further fractionalized to allow multiple lenders to fund each loan by purchasing small fractions of the NFT. Borrowers receive their loans in as little as 24 hours while lenders earn fixed-rate interest paid weekly.
COLT is the native token of the Collateral Network ecosystem. COLT is currently in presale with prices having soared by 40% in the first few weeks. Experts predict the price of COLT to reach $0.35 by the end of the presale having made 3500% gains.
For more information on Collateral Network visit the website, join the presale or join the community for regular updates.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Presale: https://presale.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
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