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Monero (XMR) Sees Increase In Value, Toncoin (TON) Dips and Collateral Network (...

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Monero (XMR) Sees Increase In Value, Toncoin (TON) Dips and Collateral Network (COLT) Sees Huge Spike in Popularity With Presale

March 30, 2023
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Investors consistently seek great blockchain-based projects that can provide them with value and long-term growth.

However, not every project is built equally, and some have failed to live up to the expectations of investors and traders.

Monero (XMR) has seen a slight increase in value, while Toncoin (TON) has dipped and has fallen into the red zone.

With such a high level of volatility, today, more than ever, investors are eyeing presale projects such as Collateral Network (COLT) that have been forecasted to achieve gains of up to 3500% for holders.

Let’s explore why this is the case and how COLT stands out from the other two competing cryptocurrencies.

>>BUY COLT TOKENS NOW<<

Collateral Network (COLT)

Collateral Network (COLT) is a blockchain-based platform built on top of Ethereum (ETH) that enables users to borrow against their physical assets digitally through a combination of non-fungible tokens (NFTs) and fractionalization.

The Collateral Network (COLT) platform operates through a Peer-to-Peer (P2P) network and aims to disrupt the lending industry by bringing it into the digital era.

Borrowers that leverage the power of the Collateral Network (COLT) platform can borrow against physical assets. If you own an asset worth $50,000, such as a Rolex watch or a limited-edition gold coin from a long time ago, and want to get a loan, you can send it to Collateral Network (COLT).

Collateral Network (COLT) is then responsible for storing the possession in their vault. They then create a non-fungible token (NFT) representing the physical version, making it 100% asset-backed.

The asset in question would be fractionalized into smaller pieces, where investors could lend smaller amounts of money for an agreed fixed interest rate throughout a specific time frame. This is known as fractional lending. The borrower can repay the principal loan and any of the accumulated interest. Upon redeeming their possession from the vault, the NFT connected to it gets burned.

Auctions also take place within the Collateral Network (COLT) ecosystem. On the platform, investors will find exclusive auctions for any distressed assets that provide investors with the opportunity to buy assets below market value whenever a borrower defaults on a loan.

COLT is the native token utilized across the ecosystem. Through holding COLT, investors can get exclusive access to auctions, get reduced borrowing costs, and get price cuts on any trading fees as a crowd lender.

The governance and staking rewards are also offered to those that hold the COLT token. Throughout the Stage 1 presale, COLT is offered at $0.01. Many analysts and experts have predicted that with its vast ecosystem and offering, Collateral Network (COLT) can be 35x in value throughout 2023, which makes it a solid token through which investors and traders can diversify their portfolios.

The team tokens will be locked for two years, the liquidity pool will be locked for 33 years, and the token smart contract has also been fully audited.

>>BUY COLT TOKENS NOW<<

Monero (XMR)

Throughout March, Monero (XMR) published a public service announcement noting that P2Pool miners must update to the latest version before the hard fork occurred on March 18.

Then, we saw the announcement of the Monero Konferenco, with a submission deadline for presentations and workshops on April 3, 2023.

When we go over the value of the Monero (XMR) cryptocurrency, on March 27, 2023, it was trading at $163.64.

The cryptocurrency increased by 5.8% in the last seven days, and in the last 14 days, it grew by 8.8%. If Monero (XMR) keeps up with the momentum, it can break past $165 by the end of April 2023.

Despite this recent growth, its annual decrease has been 21%. This means that the future of Monero (XMR) is uncertain, and if it does not break past the $165 price barrier, it could end up declining in value.

Those looking for better, high-growth cryptocurrencies will typically look at presale projects due to the volatility surrounding some of the more dated coins and tokens.

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Toncoin (TON)

Toncoin (TON) participated in the Cointelegraph charity initiative with IRC, the International Rescue Committee. Users could mint the Toncoin (TON) NFT collectibles and help raise funds to support the victims of the earthquakes in Turkey and Syria.

Toncoin (TON) has experienced a bearish level of performance recently. On March 27, 2023, Toncoin (TON) traded at $2.16. In the previous seven days, the cryptocurrency decreased by 10.4%. In the last 30 days, this decrease was at 8.3%.

The Toncoin (TON) is a long way down from it’s all-time high, which occurred on November 21, 2021, at $5.29. This signifies that Toncoin (TON) is trading 59.24% under its all-time high, and the cryptocurrency could be headed toward a bearish run.

With a decrease in value such as this one, investors and traders are prompted to seek alternative cryptocurrencies through which they can diversify.

Find out more about the Collateral Network presale here:

Website: https://www.collateralnetwork.io/

Presale: https://app.collateralnetwork.io/register

Telegram: https://t.me/collateralnwk

Twitter: https://twitter.com/Collateralnwk

None of the information on this website is investment or financial advice and does not necessarily reflect the views of CryptoMode or the author. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. Always conduct your research before making financial commitments, especially with third-party reviews, presales, and other opportunities.


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