Ethereum (ETH), the biggest altcoin, is leading today’s rally, outshining its biggest competitor Bitcoin (BTC), which has dominated the news since the start of the year.
Over the last 24 hours, the price of ETH has jumped by more than 10% as altcoins shine in the crypto market rally. Regarding gains, Collateral Network (COLT), a new decentralized lending platform, has also seen its token jump 40% while still in presale.
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Ethereum (ETH) Leads the New Altcoin Season with a 10% Rally
Since the start of the 2023 bull market, Ethereum (ETH) has played second-fiddle to Bitcoin (BTC), which has been the biggest gainer. However, an altcoin season rally could start, with Ethereum (ETH) gaining over 10% in the last 24 hours.
The 24-hour price chart for Ethereum (ETH). Source: CoinMarketCap
While Ethereum (ETH) is up almost 10% at the time of writing, BTC has gained only 2%. As with previous altcoin seasons, major altcoins like Ethereum (ETH) have been posting better returns than Bitcoin this season.
In the last 24 hours, the top ten altcoins all have better returns than Bitcoin. As per data from CoinMarketCap, Binance Coin (BNB) is +3%, XRP is +4.8%, Cardano (ADA) is +7.2%, Dogecoin (DOGE) is +4.1%, Polygon (MATIC) is +4.5%, and Solana (SOL) +3.1%.
With signs of the altcoin season already showing, Ethereum (ETH) looks poised to lead the rally as it just concluded its “Shapella” upgrade. Popular trader Credible Crypto confirms the altseason, saying that altcoins have “started the journey to new all-time highs.”
Collateral Network (COLT) Surges While in Presale
While the leading altcoins are just starting to rally, Collateral Network (COLT), a decentralized crowdlending platform still in its presale, has seen its price jump by 40% and is poised to grow even further.
At the start of the presale in February, $COLT was initially valued at $0.01 but currently trades at $0.014. According to data provided by the official Collateral Network (COLT) website, the price of COLT will hit $0.0168 when an additional 120,000,000 COLT are sold.
There is so much buzz around the launch of the Collateral Network (COLT) because it is set to be the first fractional NFT platform in the world that simplifies the process of taking loans, through the use of physical assets and smart contracts on a blockchain.
Collateral Network (COLT) will allow borrowers on the platform to mint fractionalized NFTs backed by their real-world assets, which are then funded by multiple lenders. These NFTs will be given the value of the assets that they are backed by. Cars, jewelry, real estate and fine art are all examples of viable tangible assets.
Lenders, in return, receive passive income from a fixed interest rate while a borrower pays off their loan.
To create transparency, Collateral Network (COLT) will store the information about the physical asset backing each NFT is stored in the metadata, which will be publicly available on-chain and tamper-proof, meaning it cannot be changed.
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How to Buy COLT
You can buy $COLT by using the presale portal, which is currently open. When you open the portal, simply click on the Buy Now button to register and select the quantity of $COLT you want to purchase.
You can purchase COLT using BTC, ETH, BNB, USDT, SOL, SAND, MANA, DOGE, or SHIB. The chain will automatically convert them to an equivalent in $COLT.
Conclusion
With the Ethereum (ETH) upgrade and upcoming staked token unlock coinciding with the bottoming of altcoins, the world’s biggest smart contracts platform looks poised to lead the incoming alt season.
Meanwhile, the Collateral Network (COLT) presale is a great opportunity for investors to get involved in a project which can revolutionize the crowdlending industry forever. Read more about the project on the official Collateral Network (COLT) website.
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