PancakeSwap (CAKE) And Polygon (MATIC) Keep Falling As Collateral Network (COLT) Gets Off To A Stunning Presale Start

Nowadays, investors are not shying away from investing in growth-bound projects. Thus, the presale of Collateral Network (COLT) has become the most talked-about investment option due to its unparalleled growth prospect. On the other hand, PancakeSwap (CAKE) and Polygon (MATIC) have taken a severe dip.

PancakeSwap (CAKE) Set To Launch Version 3

PancakeSwap (CAKE) has failed to move in the green zone although the overall crypto market largely has stayed bullish. The launch of Uniswap V3 on the Binance Chain has triggered the recent fall of PancakeSwap (CAKE). Before Uniswap’s launch on Binance, PancakeSwap (CAKE) dominated the network. But this status quo was challenged by Uniswap. Therefore, PancakeSwap (CAKE) has buckled up, and will launch its latest version, V3, on April 14. 

The PancakeSwap (CAKE) community hopes that the V3 launch will increase the trade volume on the network. However, the hype around the launch of V3 has not been strong enough to keep PancakeSwap (CAKE) moving northward. The market value of PancakeSwap (CAKE) has plummeted by over 9% in the past month. At press time, PancakeSwap (CAKE) is trading at $3.60, while its peak was $44.18.

Polygon (MATIC) Launches zkEVM But Its Price Sinks

The much-awaited zkEVM of the Polygon (MATIC) network has finally hit the main network. Over 50 web2 and web3 projects are joining the Polygon (MATIC) network’s zkEVM, which will scale the Ethereum network. Polygon’s (MATIC) zkEVM will enable blockchain networks to complete transactions quickly, and reduce gas fees. 

Analysts predict that the launch of zkEVM can increase the adoption of Polygon (MATIC) over the next few months. However, Polygon (MATIC) has plummeted by more than 7% in the past week. Ranked 10th by market capitalization, Polygon (MATIC) has nosedived by over 14% on the monthly chart. Polygon (MATIC) tokens, at the time of writing, are changing hands at $1.06, about 64% below their peak of $2.92.

Collateral Network (COLT) Goes Big With Early Phase Of Presale

Let’s say you need some money, and have a painting worth thousands of dollars. However, you neither want to sell the artwork, nor are the traditional banks giving a loan against it. In such a situation, Collateral Network (COLT) is a savior! Collateral Network (COLT) is a one-of-its-kind crowdlending platform, where people can lend or borrow funds by using their tangible assets as mortgages.

On Collateral Network (COLT), people that need cash can get a loan against their physical assets. This is made possible since Collateral Network (COLT) mints NFTs backed 1-to-1 by borrowers’ assets. What makes this cross-chain network unique is that it accepts non-traditional assets as collateral, like artworks, luxury cars, whisky, and many more.

On Collateral Network (COLT), borrowers’ physical assets serve as collateral, and NFTs are minted against them. Investors purchase these fractional NFTs to fund loans, and earn a fixed interest rate on their investments. Thus, with Collateral Network (COLT), you can get money without selling your tangible assets. Additionally, investors get better returns on Collateral Network (COLT), as compared to what they would earn by depositing money in banks.

COLT token holders, who borrow on the platform, will receive discounts on interest rates and borrowing fees. Meanwhile, lenders holding COLT tokens will get discounts on trading fees. Rewards are also offered for staking COLT tokens. The presale phase of Collateral Network (COLT) started at a price of $0.01, with analysts expecting it to explode by 3500% by the end of the presale. Moreover, only presale COLT holders will get access to the VIP members club.