The utility token revolution is in full swing, led by trailblazing projects like Collateral Network (COLT), Quant (QNT), and Binance (BNB). As Collateral Network (COLT) enters its presale phase, early investors have a unique opportunity to join this disruptive project, set to reach 3500% gains before the presale ends. Let's examine the innovative features and real-world applications of these tokens.
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Collateral Network (COLT) to Reach 3500% Gains
Imagine a global lending system powered by blockchain technology that removes the need for banks and traditional financial institutions. Welcome to Collateral Network, a digital platform that offers a fresh and exciting take on the lending process.
In the world of Collateral Network, borrowers can use their valuable physical assets — think high-end watches, classic cars, and even pieces of fine art — as collateral for loans. The really cool part? These assets are turned into digital versions of themselves, known as NFTs or non-fungible tokens, which represent the value and uniqueness of each item.
Collateral Network takes it a step further by fractionating these NFTs, making it possible for many lenders to invest in a single loan, essentially crowdlending liquidity. This opens up the lending process to a global pool of lenders, potentially changing the game for borrowers everywhere. Lenders, in return, receive a passive income for the lent funds.
When it comes to utility tokens, Collateral Network is setting the standard. Holders of COLT are able to access powerful features, including:
• Rewards for providing liquidity to the network
• Access to new NFTs on the marketplace
• Reduced marketplace fees
• The best borrowing rates
Given the size of the global lending market, estimated to be around $4.5 trillion, the potential for Collateral Network to cause a major stir is substantial. With predictions suggesting the platform's market cap could reach into the billions, the current token price of $0.014 could offer an attractive entry point for investors looking to ride the wave of this groundbreaking lending platform. Experts are predicting that by the end of the presale, the token will reach $0.35, increasing by 3500% from its original price of $0.001. Furthermore, once it hits major exchanges, the token is set to surge by a further 100x.
Quant (QNT) Keeps its Bullish Momentum
Quant, the native token of the Quant Network, plays a crucial role in facilitating communication between blockchains. Its flagship product, Quant Overledger, is a multichain interoperability platform that connects and facilitates the movement of data between different data structures.
Anyone who wants to use Quant Overledger must hold QNT tokens to access the platform's resources, and this high demand resulted in the token's price shooting up from $42 to $230 in 2022 when other altcoins suffered significant losses.
As the Quant Network gains popularity and attracts more developers and enterprises, the demand for the Quant token is expected to increase, positively impacting its price.
Analysts note that Quant is moving within a large Symmetrical Triangle on the daily timeframe. So, $100 is the support level, and a break above the resistance could lead to more gains in the near future.
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Binance (BNB) Set to Increase Further
Binance Coin, the native cryptocurrency of the Binance ecosystem, has carved out a significant place in the digital currency world due to its multifaceted utility. As one of the world's most renowned cryptocurrency exchanges, Binance offers over 170 coins and tokens for trading, with Binance Coin playing a pivotal role within its ecosystem.
Binance Coin offers tangible advantages to its holders, especially for those who frequently use the Binance platform. Primarily, Binance Coin is used to gain fee discounts when using it, but it also acts as fuel for the Binance Launchpad and the Binance Smart Chain (BSC).
With so much utility, analysts foresee Binance (BNB) Coin continuing to move higher from the current price of $310 to $680 by the end of 2024 — not the largest of gains, but it still offers reliable value in the market.
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
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
