Investors Turn To Collateral Network (COLT) As Hedera (HBAR) and TRON (TRX) Stumble
The cryptocurrency market is dynamic, and new players enter every other day. However, a newcomer, Collateral Network (COLT), has been increasingly getting support owing to its innovative features. Investors want to know how Collateral Network (COLT) is a much smarter choice to invest in when compared to Hedera (Hedera) and TRON (TRX).
TRON (TRX) loses popularity and trust
TRON (TRX) aims to democratize the content distribution industry and allows developers to build dApps on its platform. The decentralized blockchain platform, TRON (TRX), has been making news for the wrong reasons as its price graph continues to decline.
The price of TRON (TRX) is $0.07087, which is a dive of 323.31% from its all-time high of $0.3. It isn’t an unforeseen situation for the token, as the TRON (TRX) price has been unsteady throughout the year.
While in January, TRON (TRX) started at $0.07, it was down to $0.05 in June and then struggled to maintain growth leading to the current situation. The future for TRON (TRX) doesn’t seem pleasing either, as experts forecast that the oncoming year for TRON (TRX) would be mostly spent on gaining stability. Some experts also suggest that TRON (TRX) could pick up its price, but it is best to be cautious before investing in it as things could change at any time.
Hedera (HBAR) suffers negative growth of 86.6%
Hedera (HBAR) operates on a self-introduced distributed ledger technology known as a Hashgraph, instead of traditional blockchains. Hedera (HBAR) provides a public network and allows developers to create dApps on it.
Recent times have been difficult for Hedera (HBAR), as the token has failed to perform well in the market, leaving traders dissatisfied. The current price of Hedera (HBAR) is $0.09148, which is below the all-time high of $0.47.
The negative growth of 2022 can be seen as well, where Hedera (HBAR) is now 86.6% down in value compared to the price of January. The future of Hedera (HBAR) in 2023 wouldn’t be very bright, as experts predict it could only reach a maximum price of $0.08 in the oncoming year.
With the downward spiral of Hedera (HBAR) and varying market conditions, it would be highly risky to invest in a token like Hedera (HBAR) for the time being.
Collateral Network (COLT) shows immense potential
Collateral Network (COLT) eases the process of borrowers while getting cash in return for their tangible assets. Based on the Ethereum (ETH) blockchain, Collateral Network (COLT) is the first project that helps mint NFTs against tangible assets, while also fractionalising them and allowing the community in the funding of loans.
Users’ anonymity is also protected by Collateral Network (COLT), allowing users to borrow secretly against their assets without leaving a mark on their credit history. As all contractual information is retained in the NFT metadata and kept on the public blockchain, which cannot be erased or changed, Collateral Network (COLT) is also transparent.
Users can stake their tokens on Collateral Network (COLT) and earn a passive income. These functionalities are all being implemented through the use of smart contracts, which have undergone successful auditing.
Collateral Network (COLT) is now offering its first presale, which is an incredible opportunity for investors as the price is only $0.01. Within the following six months, it is expected that the price of Collateral Network (COLT) would increase 35x and investors can expect a great future ahead. The presale buyers would also enjoy VIP membership, which grants access to private auctions for distressed assets.
Find out more about the Collateral Network presale here:
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