Crypto markets have been steady in recent weeks, but not all tokens have been that lucky. Recent developments have put Tron (TRX) and Hedera (HBAR) in the red.
On the other hand, experts believe that Collateral Network (COLT) could surpass these two tokens in the future. COLT is currently in its presale phase, likely to surge 35x before it is over.
Tron (TRX) has been the target of controversy in recent months, thanks to its eccentric founder. Now, the token is under more scrutiny than ever.
Originally, Tron (TRX)’s main goal was to create a decentralized global entertainment system. It wanted to eliminate the need for intermediaries like Apple and Google, which control the digital content industry.
Starting as a fork of the Ethereum blockchain, Tron (TRX) has become an interesting alternative for Web3 developers. Its advantages are high throughput, handling up to 2,000 transactions per second with low fees.
However, Tron (TRX) has recently seen significantly negative price action due to a lawsuit against its founder. Justin Sun, the founder of Tron (TRX), is facing a lawsuit by U.S. regulators for offering unregistered securities to investors. With Sun in legal trouble, Tron (TRX)’s future is uncertain, but despite the overall 7% price drop to $0.063, it remains popular, despite a bearish sentiment. That’s why many Tron (TRX) investors are looking for other projects, like COLT.
Hedera (HBAR) has also seen controversy recently. One mishap has threatened to put the legitimacy of the entire Hedera (HBAR) project in question.
The Hedera (HBAR) network is a blockchain that aims to deliver lightning-fast, secure, and scalable transactions. It has garnered significant attention because of its unique consensus mechanism and fast performance.
The Hashgraph, Hedera (HBAR)’s unique feature, enables remarkable throughput and millions of transactions per second. Hedera (HBAR) also has a governing council, comprising of global enterprises, including IBM, Google, and Boeing.
However, Hedera (HBAR) has recently suffered a major exploit on its mainnet. The attacker left off with Hedera (HBAR) Token Service tokens, and attempted to move them via a bridge. The project claimed that the exploit did not impact the network layer. However, it still impacted the confidence in Hedera going forward. Despite this, Hedera (HBAR) has pumped by 3.8%, to a price of $0.061.
Collateral Network (COLT)
Collateral Network (COLT) is a decentralized crowdlending platform that enables borrowers to obtain loans against their tangible assets. It is the first project that mints NFTs against physical assets, fractionalizes them, and allows the COLT community to fund the loans.
Borrowers can use assets like real estate, luxury watches, supercars and more, by minting them as fractionalized NFTs. This enables lenders to fund the loan for a fixed rate of interest. Borrowers can unlock cash from their physical assets within 24 hours, leaving no footprint on their credit history.
For lenders, Collateral Network also offers unique advantages. Its asset-backed lending enables lenders to offer their capital and earn a fixed rate of interest, effectively becoming their own banks.
The COLT token is the platform’s native token, which offers users transaction fee discounts, staking bonuses, access to exclusive VIP clubs, and governance rights. The COLT token is currently available for $0.01 during its presale to early investors. As the presale draws to a close, this price will increase, and experts expect it to reach $0.35.
Find out more about the Collateral Network presale here:
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
Source: null tx