As the crypto market expands, many new projects aim to make an impact. One of them is Collateral Network (COLT), whose presale has turned out to be a massive hit, as the growth projection of COLT during this phase is forecasted to be 3500%. Meanwhile, Cosmos (ATOM) and Enjin Coin (ENJ) have launched new initiatives to remain viable.
Cosmos Invites Researchers To Revamp ATOM
The entire crypto world is changing, and Cosmos (ATOM) has sensed it too. Therefore, Cosmos wants to revamp its native token, ATOM, to align with the market’s changing requirements.
Cosmos (ATOM) has been actively working on creating an enhanced token for the past few months. Recently, Cosmos (ATOM) launched an initiative to provide grants to researchers who can help the Cosmos network revamp its ATOM token. The development has improved the social image of Cosmos (ATOM).
Moreover, Cosmos’ (ATOM) social dominance has increased by 11% in the last week. Corroborating to it, the price of Cosmos (ATOM) has increased by 1% in the past week, with its price at $11.17.
Enjin Coin (ENJ) Will Launch A New Platform
According to the latest data by Santiment, the trade volume of Enjin Coin (ENJ) reached 459.85 million on April 8, its highest in 2023. Increased trade volume has also pushed the price of Enjin Coin (ENJ) up. The price of Enjin Coin (ENJ) has surged by 22% in the past month. At press time, Enjin Coin (ENJ) was changing hands at $0.43.
Enjin Coin (ENJ) witnessed a rise in its market after it announced the launch of a new platform. As per Enjin Coin (ENJ), the new platform will help gamers and developers to manage their NFTs seamlessly.
However, investors are worried as the Enjin Coin (ENJ) development activity declined in the past month.
Collateral Network (COLT) Reaches New Presale Milestones
Collateral Network (COLT), a blockchain-based crowdlending platform, is set to disrupt and revolutionize the global credit market. Collateral Network (COLT) allows people to unlock cash from their tangible assets within 24 hours. It accepts physical assets like vintage wines, luxury watches, cars and more as collateral and turns them into non-fungible tokens (NFTs).
On Collateral Network (COLT), everyone can borrow without selling their physical assets or impacting their credit score. As the NFTs are fractionalized, multiple lenders can fund the loan, and earn weekly fixed-interest payments.
Collateral Network (COLT) calculates the market value of tangible assets through artificial intelligence (AI) to benefit both borrowers and lenders. After authenticating assets and minting NFTs against them, Collateral Network (COLT) keeps them safe in their vault.
If borrowers default on their loans, Collateral Network (COLT) will conduct private auctions of distressed assets. In these private auctions, users can purchase physical assets below market price. The developers of the project will also host some auctions in the metaverse.
This ecosystem is powered by the native COLT token which grants holders staking, governance rights and more.
Collateral Network’s (COLT) presale began at $0.01, which has now jumped to $0.014. According to experts, the value of 1 COLT token will soar by 3500% to $0.35 during the presale.
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
