The crypto market has boomed throughout April, with several high-profile cryptocurrencies hitting annual highs. After surging in value by 32.28% in the past week, Arbitrum (ARB) investors feel a sense of relief, though the cryptocurrency is still down by 0.91% in the last month. Meanwhile, an innovative new altcoin has caught the attention of investors with an attractive $0.014 token price during its current second presale stage. Here’s why the crypto community should buy this new altcoin.
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What is Arbitrum (ARB)?
ARB is the native token of Arbitrum (ARB), an Ethereum layer-2 network. It’s used as a governance token that lets holders create and vote on a number of proposals.
Although not officially confirmed, rumors suggested that Arbitrum (ARB) achieved a valuation of $1.4bn, which created much hype around the project.
However, the exact amount raised is just a rumor. An Arbitrum (ARB) token airdrop has been confirmed, with 12.75% of the supply being airdropped to early participants in the Arbitrum (ARB) ecosystem.
On average, it is estimated that participants will receive 1,250 tokens. However, this number could be higher based on participation, with over 4,000 addresses predicted to receive 10,250 ARB tokens.
Arbitrum (ARB) token holders will be able to vote on decentralized governance policies, with each voting process taking an average of 21 to 37 days before it can be passed and executed. Token holders will also be able to elect an Arbitrum Security Council, which will consist of 12 members.
Given the fact that the Arbitrum (ARB) price has remained relatively the same for the past few weeks, market analysts are split on whether or not its value will increase by the end of April.
What Altcoin Are Investors Choosing Over Arbitrum (ARB)?
While Arbitrum (ARB) has created some excitement in the altcoin market, this has been minimal compared to the hype around Collateral Network (COLT). Collateral Network (COLT) looks to disrupt the pawnbroking industry by offering an alternative to traditional crowdlending. Instead of selling high-value assets for cash, borrowers can bring their real-world assets on-chain and mint them as NFTs.
Once minted, NFTs are fractionalized, allowing lenders to buy a fraction of the NFT instead of requiring the total amount upfront and earning themselves a passive income paid out weekly as a result. Current accepted assets include diamonds, whiskeys, high-end vehicles, real estate, collectibles and more.
Collateral Network (COLT) will use COLT as its native token. Token holders will earn a number of rewards throughout the platform, such as staking bonuses, discounts, governance rights, and exclusive access to private auctions.
Collateral Network (COLT) tokens are currently selling at $0.014 during its presale, though with price estimates going as high as $0.35 in just six months, COLT is expected to rise in the next few weeks.
Why Is Collateral Network (COLT) Taking The Altcoin Market By Storm?
With hundreds of altcoins in the market, it’s hard for new projects to distinguish themselves. That being said, Collateral Network (COLT) is taking the market by storm, offering a number of unique advantages to stand out. Here are the key features investors are excited about.
Passive Income Opportunities: Investors will be able to generate passive income by staking tokens or becoming a lender on Collateral Network (COLT).
Security: Aside from being fully vetted, Collateral Network (COLT) offers 2FA security options and will sell any collateral assets backing any defaulted loan at auction to recover investor funds.
Transparency: All contractual information, including asset details, will be stored in the metadata. This is available on the public blockchain, making it irrefutable.
Fast Turnaround: Cash can be unlocked in just 24 hours instead of waiting days.
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Conclusion
With much of the crypto market bouncing back, Collateral Network (COLT) has quickly become one of the most sought-after altcoins in the industry. Following its presale, in which it’s expected to rise by 3500%, Collateral Network (COLT) will be available on both centralized and decentralized exchanges, with experts predicting additional price hikes of up to 100x.
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
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