Finding the proper crypto can be daunting, with thousands of available tokens. However, one project currently in Phase 2 of its presale has attracted traders and experts – Collateral Network (COLT).
The world’s Web3 challenger lender could disrupt the entire lending industry, as experts predict a 35x surge soon. Check out how this presale star may compare against Axie Infinity (AXS) and Decentraland (MANA)!
Axie Infinity (AXS)
According to statistics gathered by Santiment, the number of Axie Infinity (AXS) transactions above $100,000 has decreased to just four transactions reported on April 10th. Axie Infinity (AXS) holders should prepare for more declines in the coming weeks if the sharp decline does not change.
Axie Infinity (AXS), at the time of writing, trades for $8.39 with a market cap of $972M, down 0.22% in the past day alone. Moreover, the technical analysis for Axie Infinity (AXS) also raises concerns with its technical indicators and moving averages displaying sell signals.
The trading volume for Axie Infinity (AXS) has also decreased by 11% overnight, reaching $34,679,335. This downtrend is predicted to continue, with analysts predicting Axie Infinity (AXS) could fall to its support level of $8.00 within Q4 of 2023. If more whales do not show up for Axie Infinity (AXS) soon, it could spell trouble for the token.
Collateral Network (COLT)
Collateral Network (COLT), a groundbreaking new decentralized crowdlending network, will enable people to use valuable assets (fine wine, vintage cars, jewellery, etc.) as collateral for loans. Any user may unlock liquidity from these assets without actually selling them – by sending them to Collateral Network (COLT).
Collateral Network (COLT) will mint an NFT backed 1:1 by the physical asset and store it on-chain. Then, the NFT will be fractionalized and sold partially to lenders from the Collateral Network (COLT) community. In return, these “fractional lenders” will receive a fixed interest rate paid out weekly!
Regarding security, Collateral Network (COLT) will put a liquidity lock for 33 years, a 2-year seal on team tokens, and 2FA security features – so anybody concerned about safety may rest easy. Also, if a borrower defaults on a loan, the asset will be placed on a private auction site and sold below market value to recoup lender funds.
Access to these auctions can be obtained by holding its native token, COLT, which many can now buy for just $0.014! Furthermore, governance voting rights and trading/borrowing fee discounts will be some perks holders obtain. But be quick; only 38% of the 1.4B COLT token supply is currently available after surging 40% from its initial price of $0.01.
With many experts predicting that COLT may surge 3500% to $0.35 by the end of its presale, now is the right time to acknowledge it – so follow the links below and be an early investor to a market leader!
Decentraland (MANA) has been picking up steam after the recent Metaverse Fashion Week, which saw the likes of Tommy Hilfiger and Adidas showcase their apparel on Decentraland (MANA).
Decentraland (MANA), at the time of writing, has a value of $0.592, an increase of 0.003% in the last 24 hours. However, the Decentraland (MANA) trading volume decreased by 4.25% then and now sits at $59,922,952.
We can also notice a bearish sentiment if we look at the Decentraland (MANA) technical analysis, which shows all its moving averages in red. Since Decentraland (MANA) is a metaverse token, its real-world utility is lacking – which is why many experts foresee a fall to $0.40 within Q4 of 2023 for Decentraland (MANA).
Find out more about the Collateral Network presale here:
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