The new year has started on a good note for some cryptocurrency investors while others are yet to recover from the massive dip that hit the industry last year. Some digital currencies such as Collateral Network (COLT) are appreciating with a token price of $0.01 in phase 1 of its presale, while a couple of others such as TRON (TRX) and Polygon (MATIC) are still struggling to break free from the hit.
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TRON (TRX) Struggles To Recover From Depreciation
TRON (TRX) is a popular open-source and decentralized blockchain-based operating system that is driven by proof-of-stake principles and smart contract functionality. TRON (TRX) operations are powered by its native token, TRX.
The TRON (TRX) team created the TRON (TRX) project to provide digital content marketers with full ownership rights of TRON (TRX) content and enable them to fully monetize their skills and content without third parties such as Facebook, YouTube and Apple as intermediaries.
On January 5th 2018, the TRON (TRX) token hit a peak value of $0.3004 before its gradual depreciation started. With a current price of $0.07211, TRON (TRX) is struggling to break free from the dip and gain in the new year.
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Polygon (MATIC) Free Fall Continues Unabated
Formerly known as Matic Network, Polygon (MATIC) is the pioneer easy-to-use and well-structured platform for infrastructure development and Ethereum (ETH) scaling.
The major component of Polygon (MATIC) is Polygon SDK, a flexible and modular framework for building a wide range of application types. Polygon (MATIC), a layer-2 scaling solution and Polygon (MATIC) is backed by two of the most powerful and biggest cryptocurrency exchanges in the industry: Coinbase and Binance.
Unfortunately, Polygon (MATIC) has been struggling with depreciation for some time. Polygon (MATIC) gradually depreciated from $2.92 to $0.7959 within a year as Polygon (MATIC) fell victim to the global cryptocurrency dip.
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Collateral Network (COLT) Consolidate Its Appreciation
Collateral Network (COLT) is a crowdlending platform created for borrowers and lenders to connect, communicate and transact without hassle.
The Collateral Network (COLT) platform is open to borrowers to access funds from fractional lenders, members of the platform who provide financial assistance to others on an agreed interest rate. Borrowers can raise funds against their physical assets without going through a rigorous and energy-sapping loan application process associated with conventional financial institutions.
Through the Collateral Network (COLT) platform, such borrowers can take loans against their physical assets through some technologies such as NFT and blockchain.
A property owner can approach the Collateral Network (COLT) platform and take an NFT-backed short-term loan against his/her property. The Collateral Network (COLT) team will mint fractional NFTs backed by the prospective borrower’s physical asset. The fractionalized assets turn investors in the NFT into fractional lenders.
Collateral Network (COLT) has a user-friendly ecosystem with several features that support the platform’s general appeal. The crowdlending platform is a marketplace where borrowers and investors can connect and transact.
More so, token holders can use the auction ecosystem to their advantage. They can acquire low-priced distressed assets, either digital in the metaverse or physical at a price below the average market value.
Collateral Network (COLT) token holders are also given governance rights that allow them to contribute meaningfully to issues that may affect the project. That’s besides the opportunity to earn from the platform passively when they stake their tokens.
The tokenomics of Collateral Network (COLT) are that the token name is COLT, there is a total supply of 1,400,000,000 tokens available and the liquidity pool is locked for 33 years. The starting price for tokens is $0.01 but is predicted to increase by 35x in 6 months. Analysts optimistically predicted that the token will appreciate by 35x of its presale value very soon.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
