Since the crypto market is still fragile, whales have pounced upon Collateral Network’s (COLT) presale, which offers a 3500% return.
Furthermore, Collateral Network (COLT) tokens are forecasted to surge by 100x after their exchange listing. Meanwhile, Chiliz (CHZ) and The Sandbox (SAND) have also gained some ground despite market uncertainty.
Chiliz (CHZ) Increases Its Market Presence
Popular fan token, Chiliz (CHZ), has gained positive momentum after announcing that it would launch its layer-1 blockchain on May 10. Chiliz (CHZ) announced the news on March 28, and since then, the price movement of the fan token has been northward.
The upcoming blockchain will help Chiliz (CHZ) to allow reduced fees, shorter block times, and lower energy consumption. Chiliz (CHZ) has witnessed an increase of 16% on the weekly price chart.
As a result, Chiliz (CHZ) is currently trading at $0.14. Besides the news regarding the upcoming layer-1 blockchain, Chiliz (CHZ) has registered an uptick in its trade volume after obtaining a license from the Bank of Spain to operate a crypto exchange in the country. However, experts believe that Chiliz (CHZ) will have to keep its momentum going for many weeks to touch its peak price of $0.89 again.
The Sandbox (SAND) Partners With Two Hong Kong Institutions
Amid the declining hype around metaverses, The Sandbox (SAND) has undertaken several new steps to improve its market standing and stay afloat. Recently, The Sandbox (SAND) partnered with Hong Kong’s two higher education institutions – Hong Kong University of Science and Technology, and Hong Kong Design Institute.
The two institutions will join The Sandbox’s (SAND) Mega City 3, where they will focus on education in the metaverse. Besides, The Sandbox (SAND) has also launched its “April Festival” where players can get a mystery box, and a share in a 1-million SAND rewards pool.
The Sandbox’s (SAND) “April Festival” will run from April 5 to May 2. These developments have helped The Sandbox (SAND) rise on the price chart. The price of The Sandbox (SAND) has increased by 3% in the past week. Currently, The Sandbox (SAND) is changing hands at $0.65.
Collateral Network (COLT) Presale Attracts Immense Attention
Collateral Network (COLT) is a Web3-based peer-to-peer crowdlending platform that is disrupting the traditional lending sector. On Collateral Network (COLT), people can borrow money against their physical assets, like luxury cars, real estate, diamonds, gold, fine whiskey, and more.
Collateral Network (COLT) mints NFTs that are backed 1-to-1 by borrowers’ tangible assets. Investors can fractionally invest in these NFTs to fund loans and receive a fixed interest on their investments. Thus, borrowers can receive money on Collateral Network (COLT) without selling their tangible assets.
This unique system is set to solve numerous problems with the traditional lending system, such as slow processing times, lengthy credit checks and the inflexibility of traditional institutions with physical assets as collateral.
COLT holders borrowing on Collateral Network can obtain loans at lower interest rates, while those who become lenders on the platform will receive discounts on trading fees. Additionally, COLT holders can enjoy benefits like staking, governance rights and more. The presale price of Collateral Network (COLT) tokens has increased from $0.01 to $0.014. Experts predict that COLT tokens will rise to $0.35 by the end of the presale. Access to the exclusive VIP members club is limited to only presale COLT buyers, so hurry before all tokens are sold out.
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