As more and more Pepe (PEPE) investors are cashing out, the reign that the Pepe coin had on the meme coin market is coming to an end. While this is happening, Arbitrum (ARB) holders are hanging their heads low after the devastating breach of the Jimbos Protocol.
On the bright side, Collateral Network (COLT) is showing nothing but game-changing potential, leading investors to turn to the platform for potential 3500% gains before its public presale ends.
Investors Are Buying up the Collateral Network Presale as Much as They Can
Set to change the way the whole $ trillion lending industry works, Collateral Network is a revolutionizing peer-to-peer lending platform that will make getting and financing a loan much easier and faster. Collateral Network will do so by enabling holders to take out loans against real-world assets, such as precious metals, fine art, fine wines, cars, jewelry, real estate, etc.
Also, Collateral Network enables lenders to create streams of passive income by financing fractions of loans. First, the borrower sends the asset they want to leverage to Collateral Network, and it gets minted into an NFT. Then, lenders can buy fractions of the 100% asset-backed NFT and get fixed interest payments in return.
Right now, Collateral Network (COLT) tokens are available for purchase at presale. Experts and analysts are singing praises for Collateral Network’s future, expecting 3500% gains for Collateral Network holders before the Collateral Network token hits exchanges. Also, another 100x gains are in store for Collateral Network holders once the token gets listed.
Pepe’s Market Speed Run Coming to an End
Pepe is a meme coin that took the market by storm when it launched. However, investors and Pepe holders are slowly turning away from the coin, as experts deem Pepe a bad long-term investment. In addition, experts state that Pepe is only good for short-term gains. So, at best, Pepe is now a pump-and-dump project that can go south fairly easily.
Currently, Pepe is trading at $0.000001277, a 3.52% increase in the past 24 hours. Moreover, the Pepe market cap is also up by 3.51% since yesterday, while its trading volume is down by 3.81%. Even though you might see these numbers as positive, don’t let them fool you, as Pepe is still quite risky.
Latest Arbitrum Breach Leads to Significant Losses for the Token
As recently as a few days ago, PeckShield, a blockchain security company, announced that the Jimbos Protocol had been hacked. This led to significant losses for the Arbitrum token, as the Jimbos Protocol is the liquidity protocol of the Arbitrum system. More specifically, Arbitrum lost 4,000 Ether ($7.5 million) with this one hack, leaving Arbitrum holders in a state of shock.
As a result, Arbitrum holders are selling their Arbitrum tokens and turning to other projects to recuperate. At the moment, Arbitrum is trading at $1.15, a 0.15% decrease since yesterday. Also, the Arbitrum market cap is down by 0.13%, and its trading volume has decreased by 41.87% in the past 24 hours.
So, by these numbers alone, we can see that Arbitrum is losing the confidence of its holders and other investors.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Presale: https://presale.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk