The big crypto crash in 2022 affected most cryptocurrencies, including Neo (NEO) and Polkadot (DOT). Crypto projects are suffering due to a sudden increase in market volatility. Neo (NEO) and Polkadot (DOT) have shown significant downturns in their price charts this year.
Despite the current market scenarios, experts are counting on Collateral Network (COLT). It is a new crypto project with a potential to improve the lending and borrowing process on blockchain, and current predictions see COLT increasing by over 3500% in presale.
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Polkadot (DOT) Struggles To Provide Good Returns
In 2021, Polkadot (DOT) showed a bullish pattern for most of the year, which made it a lucrative investment for its holders. Polkadot (DOT) was trending at its all-time high of $49.80. But, in 2022, Polkadot (DOT) experienced the bear effect for a longer period than expected.
There was a sharp decline in the price of Polkadot (DOT). It struggled to stay above the $1 mark. The beginning of Crypto Winter added more difficulties for Polkadot (DOT) in sustaining price growth. Since 2022, Polkadot (DOT) has been performing poorly on price charts.
Polkadot (DOT) is currently trending at $4.46, which is a 60% drop in under 24 hours. The current price is 83.32% down from its all-time high of $49.80. Price predictions for Polkadot (DOT) suggest it will take more than a year to provide profitable returns to investors and holders.
Neo (NEO) Facing Frequent Ups And Downs
After reaching a peak price of $140, Neo (NEO) fell considerably to a price of mere $25 in 2021. The sudden price drop was a shock for Neo (NEO) investors. Later, it showed some growth and reached $66. However, it became tough for Neo (NEO) to maintain the upward momentum due to fluctuating market conditions, FTX downfall, and the arrival of Crypto Winter. Thus, this year, Neo (NEO) turned from bullish to bearish sentiment.
The live trending price of Neo (NEO) has fallen to $6.38, which is 0.33% below its last price in the 24 hours. Neo (NEO) is 97%, down from its all-time high, which has become a huge concern for its investors.
The price history of Neo (NEO) is causing investors to switch their token holdings to other crypto projects. Crypto analysts state that 2023 is not the best time to invest in Neo (NEO) as its future returns are low.
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Collateral Network (COLT) Is Expected To Provide 35x Gains
Collateral Network (COLT) brings innovative solutions that can fill the gap between the physical and digital worlds. It is a crowdfunding platform for NFTs where borrowers can cash out their physical assets by minting NFTs against them.
Collateral Network (COLT) divides NFTs into small fractions that cost much less than the price of the entire NFT. Thus, a fractionalized NFT attracts more investors. Collateral Network (COLT) allows borrowers to get loans within a day.
Collateral Network (COLT) holders can also earn passive income by staking collateral tokens in the network. Collateral Network (COLT) is a community-oriented platform that follows a consensus mechanism. Thus, Collateral Network (COLT) holders will be part of all important decisions by voting on project proposals.
Investors are highly impressed with the futuristic approach of Collateral Network (COLT). The crypto community members are showing interest in becoming a part of the Collateral Network (COLT).
The crypto project is gaining popularity and is expected to have a 35x price gain in the next 6 months. The presale will start soon with an initial price of $0.01. Thus, if you become an early buyer of Collateral Network (COLT), you could acquire amazing gains later.
Find out more about the Collateral Network presale here:
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