Hence, investors are fighting to secure their presale Collateral Network (COLT) tokens, which are selling out fast. On the other hand, Aptos (APT) and Aave (AAVE) have struggled to maintain their growth momentum.
Aptos’ (APT) Social Dominance Declines
Aptos (APT) has faced market challenges in the past week, causing its price to decline. The market value of Aptos (APT) has tumbled by more than 3% in the past week. Plummeting trade volume on its network has been the major factor that pulled Aptos (APT) down. Besides, Aptos’ (APT) performance on social metrics has also nosedived.
As per data by LunarCrush, the social dominance of Aptos (APT) has fallen by 4% in the last seven days. Moreover, the bearish sentiment around Aptos (APT) has become 9% more intense. These numbers are concerning for Aptos (APT), as it has been one of the best-performing cryptos in 2023. Aptos (APT) had risen by around 400% in January, but has been falling since February. At the time of writing, Aptos (APT) is available to trade at $11.09.
Aave (AAVE) Reveals Its Expansion Plans
Aave (AAVE) has been attracting investors by unveiling its expansion plans. Recently, the Aave (AAVE) network announced that it was planning to deploy its Version 3 onto the Binance Chain. Since Version 3 has already been deployed on multiple blockchains, its implementation on Binance Chain is expected to increase Aave’s (AAVE) user base.
However, the proposal needs to be voted on by the Aave (AAVE) community. Meanwhile, the announcement has prompted Aave (AAVE) bulls to move forward. The price of Aave (AAVE) has increased by 3% in the past week. On the monthly price chart, Aave (AAVE) has grown by 12%. At the time of writing, Aave (AAVE) is trading at $75.96, which is 89% below its peak price of $666.86.
Collateral Network’s (COLT) Presale Stage 1 Records Massive Success
Collateral Network (COLT) is a peer-to-peer crowdlending platform that enables borrowers to unlock loans against real-world assets. It enables people to borrow money by using their tangible assets, like luxury cars, whiskey, diamonds, gold, and more, as collateral. Collateral Network (COLT) is the world’s first Web3 platform that solves major issues of the credit market, including the broken pawnbroking industry, the regulatory red-tape of the traditional banking sector, higher interest rates for borrowers, and geographical barriers.
Collateral Network (COLT) mints non-fungible tokens that are backed by borrowers’ tangible assets. This 1-to-1 backing makes the NFTs secure and stable. As the NFTs are fractionalized, multiple lenders can fund the loan for a fixed rate of interest.
COLT token holders will enjoy governance voting rights and access to online auctions of distressed assets, alongside staking and even discounts. The presale market value of Collateral Network (COLT) tokens has risen to $0.014, from $0.01, in just one month.
Experts forecast that COLT tokens will touch $0.35 by the conclusion of the presale. COLT tokens are also expected to surge by 100x after getting listed on leading CEX’s and DEX’s.
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