Cryptocurrencies have changed the landscapes of the financial arena. Every day, billions of dollars are pumped into the crypto world. However, not all crypto projects are profitable.
For instance, while Tezos (XTZ) and The Sandbox (SAND) have failed to face bearish market conditions, a new crypto project, Collateral Network (COLT), has emerged as a new titan in the market with predictions that it will see 35x returns for . We will review the current market standing of Tezos (XTZ), The Sandbox (SAND) and Collateral Network (COLT).
Tezos (XTZ) Business Deals Are Falling Apart
After some reports suggested that Formula One team, Red Bull Racing, had terminated a sponsorship deal with Tezos (XTZ), many investors started to lose their faith in the project. Thus, investors began shedding their holdings in Tezos (XTZ). This trend caused a significant decline in the value of Tezos (XTZ), which has already been suffering due to the prevailing bearish market conditions.
Consequently, the price of Tezos (XTZ) has fallen and remains trading in the red zone in the last month. Besides, Tezos (XTZ) growth has declined in the last month and has not seen significant price increases since 2021. The current trading price of Tezos (XTZ) has come down to $1.1132, which is 13.94% below its all-time high of $7.9844.
The Sandbox (SAND) Succumbs To Market Vulnerability
Since the overall crypto market has been tumultuous for the last many months, the movement of The Sandbox (SAND) on the growth chart was downward in the last month of 2022, but has seen increases as 2023 has kicked off, but The Sandbox (SAND) is still trading in the red zone.
The price of The Sandbox (SAND) has taken a slight rise in the last few weeks. As a result, the current trading price of The Sandbox (SAND) has come down to $0.772, which is 10.76% below its all-time high of $7.1735.
The Sandbox (SAND) is a blockchain-based 3D virtual gaming-based world that allows users to use, own, buy, share and sell digital property called LAND. The Sandbox (SAND) is a gaming-based ecosystem that operates on the Ethereum (ETH) network.
Collateral Network (COLT) Sets Its Foot On A Golden Run
Collateral Network (COLT) is the only blockchain platform in the world that is exclusively related to lending and borrowing cryptocurrencies. It has been built on the Ethereum (ETH) network.
Collateral Network (COLT) enables people to borrow cryptocurrencies against their physical assets using blockchain technology. Collateral Network (COLT) mints fractional NFTs against physical assets. This process enables the community to fund the loans for borrowers by purchasing the fractional NFTs. Moreover, Collateral Network (COLT) allows borrowers to encash their assets within 24 hours. Borrowing on Collateral Network (COLT) does not impact users’ credit history either.
Lenders stand to gain many things with Collateral Network (COLT). On the platform, investors can lend funds by purchasing fractional NFTs, which are backed 1 to 1 by real-world assets. This real-world backing protects NFTs’ value from volatility or sudden market crash. It also keeps the value of Collateral Network (COLT) stable. On the platform, lenders can offer fractional loans to borrowers at a pre-agreed fixed interest rate. Additionally, lenders will receive a fixed income every week on Collateral Network (COLT).
With all these benefits, COLT is set to rule the crypto market. COLT is the native token of the Collateral Network (COLT) ecosystem, which consists of crowdlending, auctions, and marketplace. COLT tokens will start trading at $0.01 during the presale round.
Since Collateral Network (COLT) has a unique business roadmap and market viability, market experts are confident that the project will soar by 35x in the next six months. Collateral Network (COLT) will supply a total of 1,400,000,000 tokens, of which 50% will be available to the public during the presale round.
Find out more about the Collateral Network presale here:
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