Maintaining a growth momentum is crucial for crypto projects to survive in the market. Collateral Network (COLT) unveiled its unique platform and lending and launched the presale, its tokens started to sell out at a ballistic speed and has witnessed a 40% price increase so far in only 2 stages. On the other hand, EOS (EOS) and Decentraland (MANA) are resorting to bringing new upgrades as their shine is fading quickly.
EOS (EOS) Rises As Its EVM Launch Nears
EOS (EOS) has continued its positive trend over the past few weeks. The price of EOS (EOS) is currently up by 19% on the monthly chart. The main factor pushing EOS (EOS) up on the growth chart has been its upcoming Ethereum Virtual Machine (EVM). The EOS (EOS) EVM testnet was launched on March 28th and is expected to hit the mainnet in April’s last week. Soon after the EOS (EOS) EVM testnet went live, investors started hoarding EOS tokens, resulting in an increase in its price.
According to experts, the launch of EVM mainnet can further increase the price of EOS (EOS). At press time, EOS (EOS) was changing hands at $1.24, which is 95% less than its peak price of $22.89.
Users Lose Interest In Decentraland (MANA) Metaverse
Decentraland (MANA) recently concluded its second Metaverse Fashion Week (MVFW). Since many leading brands, like Adidas and Tommy Hilfiger sponsored the show, Decentraland (MANA) gained some market attention. As a result, the market value of Decentraland (MANA) has increased by 5% in the past week, and it is currently at $0.62.
Despite recording weekly gains, Decentraland (MANA) is struggling in the market because its overall revenue has plummeted. According to a recent report, about 20-30 people are trading virtual properties on Decentraland (MANA) every week.
The Decentraland (MANA) recent fashion week failed to register a large number of participants, with only 26,000 users attending the event, which was a significant drop from 100,000 people who attended last year. This indicates that users are losing interest in the metaverse of Decentraland (MANA).
Collateral Network (COLT) Attracts Investors From Other Projects
Collateral Network (COLT) is a revolutionary crowdlending platform with a unique feature: it allows potential borrowers to use their physical assets as collateral to obtain a loan. Collateral Network (COLT) aims to disrupt the lending industry by bringing tangible assets to Web3.
The network accepts diamonds, gold, fine art and many other non-traditional commodities as collateral. Borrowers who wish to obtain a loan send the physical asset to Collateral Network (COLT), which authenticates and values the asset. Then, Collateral Network (COLT) converts these collateralized assets into a non-fungible token (NFT) and fractionalizes it, enabling multiple lenders to buy fractions of the NFT to fund the total loan amount.
On Collateral Network (COLT), lenders can become their own banks by giving small amounts of money to different borrowers and building their own portfolios. The universe of Collateral Network (COLT) will be supported by three key elements: auctions, crowdlending and marketplace.
Collateral Network (COLT) will be powered by COLT tokens, which come with many benefits for its holders. If a COLT holder borrows on the platform, they will get a lower interest rate. Meanwhile, COLT holders lending on the platform will receive discounts on transaction fees. Additionally, staking rewards, voting rights, and access to private auctions of distressed assets will also be offered to COLT holders.
The presale round of Collateral Network (COLT) began at $0.01 and has reached $0.014. The project is predicted to grow by 3500% to reach $0.35 during the presale round. Experts are certain that Collateral Network (COLT) will give 100x profits to its investors after it gets listed on crypto exchanges.
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
