The crypto market has recently seen a shift in sentiment as Shiba Inu (SHIB) and Gala (GALA) holders lost interest in continuing or holding these tokens. Meanwhile, the Collateral Network (COLT) presale is gaining traction with its 40% deposit bonus, attracting attention.
Gala (GALA) assures refunds to its cyber-attacked victims
The Gala (GALA) community faced a huge loss around five months ago. It happened after a bad actor in the Gala (GALA) user base minted pGALA, whose worth was $1 billion.
The pGALA is the Gala (GALA) wrapped version that trades on Binance (BNB) chain. The event caused major DEXs to remove Gala (GALA) from their platforms. It caused a price drop of over 94% for the Gala (GALA) token compared to its all-time high.
The platform has announced a refund program for all the Gala (GALA) users who lost their money due to the attack. It is one of the measures the platform has taken to prevent further fallout of the Gala (GALA) network in the market.
Shiba Inu (SHIB) lead developer’s tweets get mixed reactions
The Shiba Inu (SHIB) community has been reacting to several statements by Shytoshi Kusama. Kusama is the lead developer of projects for the Shiba Inu (SHIB) network. He has been tweeting about Shibarium, which is one of the projects he is working on. Among the Shiba Inu (SHIB) Twitter users, his tweets have left the impression that the project is in progress.
Shibarium is a Layer-2 solution for the Shiba Inu (SHIB) ecosystem. This development is intended to turn Shiba Inu (SHIB) into an affordable blockchain platform. Shytoshi also tweeted about progress on the Shiba Inu (SHIB) mainnet development. However, he posted it as an April Fool joke, which gained a mixed reaction from Shiba Inu (SHIB) users. Some found it amusing, while others were disappointed.
Shiba Inu (SHIB) was in the news, but no significant growth was seen in its price. It is currently trading at $0.00001045, a slight increase of 0.27% within a day.
Collateral Network (COLT) gives loan flexibility like never before
Collateral Network (COLT) has embraced the idea of acquiring loans backed by borrowers’ physical assets. It is a convenient and flexible way to get loans as borrowers use their existing valuable physical assets.
The Collateral Network (COLT) platform mints NFTs against the physical assets and then fractionalizes them. Lenders can buy these NFTs fractions to fund borrowers’ loans partially. In return, lenders receive a weekly fixed interest rate, allowing them to build a diversified portfolio of loans.
Thus, each Collateral Network (COLT) user can rely on the platform while needing urgent and unexpected money requirements without having to sell their physical assets. The loans are usually delivered within 24 hours due to high liquidity through Collateral Network (COLT). Moreover, the platform ensures faster turnaround without credit checks, financial disclosure, or credit history analysis.
The presale tokens are getting booked quickly since experts have predicted a 35x price rise for the Collateral Network (COLT) native token, COLT, before the presale’s end. Users buying the tokens can avail of three of the best benefits of Collateral Network (COLT): a low entry price of $0.014 to join presale during its current presale stage, a 40% deposit bonus, and eligibility for 35 times higher returns.
Remember, these benefits are for purchasing before the current Collateral Network (COLT) presale ends.
Find out more about the Collateral Network presale here:
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