Collateral Network (COLT) Set to Dominate Crypto Lending Landscape, Hedera (HBAR), and PancakeSwap (CAKE) Prices Experience Pullback
Photo: Collateral Network
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As the recently heightened volatility of the crypto world continues to put investors at the edge of their seats, Hedera (HBAR) and PancakeSwap (CAKE) enthusiasts might be looking for other options. The most promising alternative is Collateral Network (COLT), the crypto lending platform presently enjoying a talk-of-the-town status and 3500% growth projections.
Has Hedera (HBAR) Lost Its Appeal?
Hedera (HBAR) and PancakeSwap (CAKE) prices have taken one step forward and two steps backward over the past year. While Hedera (HBAR) has suffered a 70% plunge from its worth in the last 12 months, PancakeSwap (CAKE) is doing better but not good enough. PancakeSwap (CAKE) has lost 58% of its value since last year.
Hedera (HBAR) took the crypto world by storm by doing things differently. Hedera (HBAR) took the bold step of bypassing the blockchain architecture, a rare feat for distributed ledgers.
Hedera (HBAR), instead, relies on hash graph technology, an experiment that turned out successfully. Hedera (HBAR) offers its users an impressively fast transaction speed plus minimal transaction fees. As a result, users enjoy a congestion-free network.
Hedera’s native token HBAR which facilitates transactions on the network, has enjoyed a rough 365 days. Hedera (HBAR) posted all red in last year’s quarterly returns. Even though it recorded green days in one half of last month, it will take way more to keep investors happy.
Is PancakeSwap (CAKE)’s Recovery Too Slow?
PancakeSwap (CAKE) is a decentralized crypto exchange built on the Binance Smart Chain instead of the crypto favorite, Ethereum. The platform offers its users relatively speedy transactions, robust token exchanges, and lower transaction fees than those built on Ethereum.
PancakeSwap (CAKE) operates with its native token, CAKE, which allows users to vote on decisions on the platform. Based on market performance, PancakeSwap (CAKE) hasn’t been doing too well. Even with its low inflation rate and mostly bullish run in the past 30 days (17 days on the green side), investors expect a faster recovery.
Collateral Network (COLT): Potential to Eclipse Hedera (HBAR) and PancakeSwap (CAKE)
Collateral Network (COLT) has consistently featured at the top of analysts’ lists of tokens to watch out for in 2023. Even though it is still in its presale, Collateral Network (COLT) has the potential to become the holy grail of the crypto world.
Hedera (HBAR) and PancakeSwap (CAKE) investors are falling over one another to get a piece of the action. Who wouldn’t? The token is set to shoot up by 3500% from its starting presale price of $0.01 which has already risen to $0.014.
Collateral Network (COLT) is a lending platform where people can get loans by using their assets as collateral. Collateral Network (COLT) accepts a wide range of assets, including art pieces, real estate, cars, luxury watches, fine wine, Gold and Diamonds.
Collateral Network (COLT) will keep your assets safe and mints an NFT that represents them on a 1:1 basis. Once minted the NFT is broken down into smaller pieces (fractionalized) so that multiple lenders on the Collateral Network platform can help fund the loan to make a passive income and earn a fixed interest rate.
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