The crypto market is now correcting after the recent rally, which saw plenty of tokens show an upward trajectory. But, experts have taken particular notice of one project that aims to disrupt the entire pawnbroking industry, Collateral Network (COLT), the first Web3 challenger lender currently in stage 1 of its public presale. According to them, this hidden gem has all the potential to see a price increase of 3500% soon. Keep reading as we compare this presale star to established tokens such as The Sandbox (SAND) and TRON (TRX).
The Sandbox (SAND)
Recent data from Santiment shows that a significant address transferred almost $250 million worth of The Sandbox (SAND) to a different address. This vast number could likely be sold as the number of addresses holding The Sandbox (SAND) has been diminishing in the last few months. The Sandbox (SAND) has a price of $0.6205 with a market cap of $930M, down in the past 24 hours. The trading volume of The Sandbox (SAND) decreased during that period and now stands at $121,035,203.The technical analysis also shows that The Sandbox (SAND) has been performing poorly, with all moving averages showing strong sell signals. Although bullish analysts believe The Sandbox (SAND) could rise to $0.79 if bulls retake control, The Sandbox (SAND) still lacks any real-world utility that could cause a noticeable long-term price increase.
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TRON (TRX)
TRON (TRX) recently announced that Stake 2.0 would be coming soon, significantly increasing the versatility of asset and vote administration on the TRON (TRX) network. The assets and votes acquired through Stake 1.0 will continue to be legitimate when Stake 2.0 is enabled, and the staked TRON (TRX) can be redeemed as usual.
This news sparked a small jump for TRON (TRX) as it now trades for $0.06572, an increase in the past 24 hours. Moreover, the technical analysis for TRON (TRX) also paints a positive picture of the token, as all its technical indicators are green.
However, the trading volume for TRON (TRX) decreased overnight and now sits at $201,669,351. Nevertheless, some experts foresee a $0.09 valuation for the TRON (TRX) coin if the coin can surpass the $0.0685 resistance level.
Collateral Network (COLT)
Although Collateral Network (COLT) is a newbie to the cryptocurrency world, it has been a hot topic among investors and experts alike. This blockchain-based platform for crowdlending enables global borrowers to borrow money against physical off-chain assets.Thanks to the innovative approach to asset-backed lending by Collateral Network (COLT), those who wish to access the liquidity in their physical assets now have the chance. If anyone owns a piece of jewelry, watches or gold bars, anyone can use this asset as collateral for a short-term loan.
How? Take this item to Collateral Network (COLT), who will mint an NFT representing the physical version of the object, resulting in a 100% asset-backed NFT, fractionalized and kept on-chain. Following that, lenders can purchase these NFTs partially - funding the loans for borrowers and receiving a weekly predetermined interest rate as a result, earning income by buying into the NFTs. Lenders’ funds are also protected as borrowers will be required to pay the loan back to the lenders once raised fully and in the event of a default on this, the borrower’s asset will be sold at auction, available to COLT holders, for a below market price in order to recoup lenders’ money.
Thanks to blockchain technology, both borrowers and lenders will profit from Collateral Network (COLT) as it offers a predetermined income, cheaper expenses and quick turnaround, among other things. Also, by holding the Collateral Network (COLT) native token, COLT, you can quadruple your profit as it provides staking rewards - for a current price of just $0.01.
With all these features, Collateral Network (COLT) could become a top-tier platform adopted by millions, with experts predicting a 3500% price rise to $0.35 within the next six months. So sign up for the Collateral Network (COLT) presale now and be an early investor in a potential game-changing crypto project.
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