Investors are switching up their philosophies with well-known cryptos like Decentraland (MANA) and Aptos (APT), as they have been slowly losing their gains in the last few weeks. They are now looking at promising projects in their building stages for long-term gains. And one such project, Collateral Network (COLT) – an innovative platform currently in Stage 1 of its public presale has been the talk of the crypto town these last few weeks. But why? Let’s dig deep and find out!
Decentraland (MANA)
Decentraland (MANA) recently announced the SDK7 Beta, which should act as an open standard for producing metaverse content. However, this news did not help the Decentraland (MANA) token price.
At the moment, Decentraland (MANA) is trading hands for $0.5684, down 4% in the past day alone. The Decentraland (MANA) trading volume has also been dropping by 37% in that same period which could be a bad omen for the coin’s future.
The technical analysis for Decentraland (MANA) is also showing strong sell signals, causing a lot of Decentraland (MANA) holders to grow more worried. Experts remain long-term bearish about the Decentraland (MANA) coin, with some predicting a short surge to $0.60 before plummeting below $0.30 by the end of 2023 due to its limited utility.
Collateral Network (COLT)
Collateral Network (COLT) will disrupt the pawnbroking industry by developing the first peer-to-peer lending platform combining the physical and digital world with the help of blockchain technology.
Individuals who are in need of funds can supply a valuable off-chain item such as a rare valuable bottle of wine as collateral to the Collateral Network (COLT), which will then mint an asset backed NFT which represents the physical bottle and stores it on the blockchain! This NFT is then fractionalized.
Lenders in the Collateral Network (COLT) community will then be able to become fractional lenders by purchasing parts of the NFTs and earn a weekly interest rate in the process! Not only that, investors may contribute loans across various blockchains thanks to this unique DeFi platform.
As the native token, COLT will provide holders with trading/borrowing fee discounts, voting rights on the platform’s future, and passive income through staking! COLT currently has a value of only $0.01 – an excellent price for a coin expected to reach $0.35 by August 2023!
If you are interested in becoming an early investor in what some might say is the best presale of 2023, feel free to check out the links below!
Aptos (APT)
The Aptos SDK, a new set of game development tools, was recently released by Aptos (APT). With the kit, Aptos (APT) aims to change the gaming sector by giving developers access to technologies that promote better connection.
On a positive note, the 24-hour trading volume for Aptos (APT) has increased by 7% and now sits at $273,873,074. However, Aptos (APT) is still struggling on the price charts as it trades for $10.69, a fall of 3.72% in the past 24 hours. Technical analysis for Aptos (APT) also shows all technical indicators and moving averages showing red.
The sentiment around Aptos (APT) is bearish, with experts predicting a fall below $7 for Aptos (APT) by the end of 2023 if the $12 resistance level is not passed.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
