ALGO And TRX Aim To Increase Trade Volume As COLT Marches Toward 3500% Presale Growth
The presale of Collateral Network (COLT) has amazed the entire crypto sector with its growth projection of more than 3500%.
On the other hand, investors of Algorand (ALGO) and TRON (TRX) are still waiting to get a positive return on their investments.
Cyber Attack Hurts Algorand (ALGO)
Algorand (ALGO) is a decentralized protocol launched to expand the possible use cases for cryptocurrency by accelerating transaction speeds. Algorand (ALGO) aims to become a network that is decentralized, secure, and scalable.
Recently, Algorand (ALGO) was in the news when it suffered a data breach. Notably, two blockchain projects based on Algorand (ALGO) - MyAlgo and Algodex - suffered security breaches in recent weeks. This ongoing wallet drain hack has created a negative environment around Algorand (ALGO).
The price of Algorand (ALGO) has plummeted by 15% in the last 30 days. Consequently, Algorand (ALGO) is being traded at $0.21, which is 94% below its all-time high of $3.28. The Algorand (ALGO) community is still on the bearish side.
The Ecosystem Of TRON (TRX) Expands
Ranked 16th by market capitalization, TRON (TRX) has planned new projects for the upcoming months. One of them is TRON’s (TRX) partnership with Blockbank, a financial services platform. Besides, as per a Santiment report, the total NFT trade volume on the TRON (TRX) network has also witnessed an increase.
However, the price of TRON (TRX) has fallen in the last few days. TRON’s (TRX) value has tumbled by 1.24% in the last seven days. TRON (TRX) is a blockchain project that works on the proof-of-stake (PoS) consensus mechanism.
The TRON (TRX) network is also dubbed a decentralized version of the internet. TRON (TRX) was built to allow content creators to receive funds directly from their consumers. Currently, TRON (TRX) is exchanging hands at $0.0662, which is 78% below its all-time high of $0.30.
Collateral Network (COLT) Presale Stuns Whales
Collateral Network (COLT) is a decentralized crowdlending platform that has reinvented peer-to-peer lending with the use of asset-backed NFTs. In most cases, our geographical locations and country-specific regulations do not allow us to borrow or lend capital, especially not with our real-world assets as collateral.
But Collateral Network (COLT) solves this issue. This cross-chain network allows borrowers to take loans against their physical assets, like vintage wines, real estate, luxury supercars, watches and more.
These assets are minted as fractionalized NFTs to enable users worldwide to fund the borrower's loan, earning a fixed rate of interest on their capital by purchasing the fractions of these NFTs to fund the borrowers loan.
The ecosystem of Collateral Network will be fueled by its native token, COLT, which grants holders numerous benefits like fee discounts, staking, governance rights and access to exclusive VIP trading groups.
The value of Collateral Network (COLT) is expected to surge by 35x during the presale. COLT tokens are available during the Beta stage of the presale at $0.01 per token.
Find out more about the Collateral Network presale here:
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