Based on data found on CoinGecko, MultiversX (EGLD) has dropped by 1.5%, and Flow (FLOW) dropped by 4.5% in the past month. This happens at a time when users are thronging to Collateral Network (COLT), a new decentralised protocol that is set to reward with 35x gains and is currently in its early presale phase.
MultiversX (EGLD)
MultiversX (EGLD) is a high-throughput blockchain that is championing innovations in the metaverse. Amazingly, MultiversX (EGLD) is capable of 1000x throughput than most existing blockchains.
The MultiversX (EGLD) token powers the whole ecosystem. The utility of the MultiversX (EGLD) token includes staking, governance, transactions, smart contracts and validator rewards. In 2023 Q1, MultiversX (EGLD) launched 3 products to improve users’ experience: a bridge, a wallet and an Explorer.
However, this did not have the expected positive impact on the coin as user activity on MultiversX (EGLD) continues to decline. According to data from Artemis, the daily active addresses count on MultiversX (EGLD) has fallen by 76% in the last month.
Flow (FLOW)
Flow (FLOW) is a developer-friendly blockchain for a new generation of games, apps and the digital assets that power them. Flow (FLOW) utilises a unique, multi-role architecture that scales without sharding but allows for massive improvements in speed and throughput.
The Flow (FLOW) token is used for transactions in the apps, games and smart contracts on the network. Also, the Flow (FLOW) token can be held, transferred and used for peer-to-peer payments.
Recently, Flow (FLOW) announced it had surpassed a milestone of 20M user accounts on its network but didn’t significantly impact the coin’s value. However, analysts at CoinChapter say the sentiment around Flow (FLOW) is bullish, predicting that the token may rise in the coming weeks. Flow (FLOW), at the time of writing, is trading at $0.9437.
Collateral Network (COLT)
It is an old practice in this space to invest in a groundbreaking project during its presale stage, which can potentially produce lucrative returns long term. Collateral Network (COLT) is one such project attracting many.
Collateral Network (COLT) is a decentralised crowdlending platform that uses blockchain technology. Collateral Network (COLT) emphasises on physical assets to remove the hassle of traditional lending and volatility associated with crypto lending.
Here, borrowers can use assets, such as fine wine, classic vehicles, real estate, artworks, as collateral. NFTs are minted to represent the assets through Collateral Network (COLT). Also, these NFTs are fractionalized to allow several lenders to contribute to the loans with small sums by infusing in the NFT fractions. Not only that, lenders gain a fixed interest rate on their capital. That way, Collateral Network (COLT) benefits both borrowers and lenders.
The ongoing Collateral Network (COLT) presale has attracted many. Experts predict that the value of Collateral Network (COLT) will rise from its starting price of $0.01 to $0.35, a 35x increase, during its presale. You don’t want to miss this, so get involved now.
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
Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or crypto projects mentioned in this piece; nor can this article be regarded as investment advice.
