The Collateral Network (COLT) presale is experiencing a surge in demand as investors are rushing to buy the tokens whilst the price remains at only $0.01, while Dogecoin (DOGE) and Zcash (ZEC) prices have remained stagnant.
Dogecoin (DOGE) moves slowly in price charts; its value drops down to $0.0755
Billy Markus and Jackson Palmer collaborated in 2013 to create Dogecoin (DOGE) as a satirical take on Bitcoin (BTC). The meme coin has been used to tip users on social media platforms like Reddit and Twitter, to acknowledge and appreciate their high-quality content. Anyone can get tipped Dogecoin (DOGE) by participating in a digital currency-based community. People can also use the Dogecoin (DOGE) faucet.
The Dogecoin (DOGE) project gained people’s attention instantly, but its price chart hasn’t been very impressive over the years. Moreover, the significant drop in Dogecoin (DOGE) token’s value from its peak in 2021 led to substantial financial losses for its founders. Markus’ fortune decreased from $20 million to $1 million by 2022. Dogecoin (DOGE) network’s growth is also slowed down due to recent harsh market conditions.
There has been noticeably less activity by traders and stakers across the Dogecoin (DOGE) network. The token has significantly fallen, and things seem to stay critical for the upcoming days. It is currently trading at $0.0755, which is 89.02% below its recent historic peak of $0.6878. This gives newer projects an opportunity to take over Dogecoin (DOGE) as its investors are looking to jump ship.
Zcash (ZEC) faces a downtrend and restrictions on its operations; the price goes down to $38.40
Zcash (ZEC) has been showing a downside trend. Technical indicators say that Zcash (ZEC) has seen a loss of over 5% from its current price in the past few days. The privacy-focused crypto project is also on the verge of getting banned in regions like Dubai.
The added-privacy features let Zcash (ZEC) users hide their transactions and wallet balances. The Zcash (ZEC) platform uses high-end cryptography to verify transactions without disclosing transaction amounts and details of receivers and senders. It has led Dubai to ban Zcash (ZEC) usage as it threatens transparency in financial transactions.
The officials believe that the Zcash (ZEC) privacy features make it difficult to detect any suspicious or unusual activities on the network. Thus, the Zcash (ZEC) platform is prone to fraud and money laundering. Zcash (ZEC) has been facing backlash worldwide. This has affected the Zcash (ZEC) price growth. Its live price is $38.40, which is a drop in the past 24 hours.
Collateral Network (COLT) new way of crowdlending makes it a bright investment opportunity
Collateral Network (COLT) has been built on the Ethereum (ETH) blockchain. It is the world’s leading platform for NFT crowdlending. Collateral Network (COLT) users can borrow cash from their off-chain tangible assets by raising loans through minted fractionalised NFTs.
This feature makes Collateral Network (COLT) superior to other blockchains that provide loans only against on-chain assets like cryptos and NFTs, whereas this project uses physical assets in order to raise money for loans against their value. Collateral Network (COLT) accepts assets as collateral following authentication, mints NFTs that depict them, making them completely asset-backed, and fractionalizes the NFTs into affordable units that lenders can provide small amounts of money towards to assist in raising money for the loans for borrowers.
Lenders can become fractional lenders at a pre-agreed fixed interest rate and time scale. All loans on Collateral Network (COLT) are decentralized, and borrowers and lenders enjoy full control of their funds. Moreover, if borrowers default on their loans, the assets used as collateral are auctioned to settle the loan amount to reap the money back to the lenders.
COLT is the native token for Collateral Network (COLT). The presale of COLT tokens has begun at $0.01. Experts have a positive take on the project, expecting it to increase by 35x during the presale phase. The Collateral Network (COLT) team has planned to list COLT on leading DEXs and CEXs, where it can surge by 100x.
Find out more about the Collateral Network presale here: