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Collateral Network (COLT) Surpasses Tron (TRX) and Shiba Inu (SHIB) in Impressive Presale Performance

May 3rd, 2023 at 2:35 pm UTC · 3 min read

Collateral Network (COLT) Surpasses Tron (TRX) and Shiba Inu (SHIB) in Impressive Presale Performance
Photo: Collateral Network

Collateral Network (COLT), a new cryptocurrency in the presale phase, has been making waves in the crypto community with its impressive performance. In fact, it has surpassed well-known coins such as Tron (TRX) and Shiba Inu (SHIB). Let’s delve into what makes Collateral Network (COLT) stand out from other cryptocurrencies, its presale performance, and what the future might hold for this up-and-coming coin.

Collateral Network (COLT)

Envision a groundbreaking Web3 lending platform that bridges the gap between lenders and borrowers in a decentralized manner. Collateral Network (COLT) is designed to create a more equitable financial landscape for everyone involved.

Collateral Network (COLT)’s mission is made possible through the creation of fractionalized NFTs, which symbolize a borrower’s asset. This digitized asset serves as collateral on the platform, allowing users to obtain loans from a global pool of lenders.

Collateral Network (COLT)’s innovative tokenization process lets collateral be split into smaller portions, so multiple lenders can fund a single borrower. This means that even a small investment of $10.00 can return profits on Collateral Network (COLT).

The COLT token brings added advantages to lenders and borrowers on the Collateral Network (COLT) platform, such as reduced fees, superior borrowing rates, exclusive access to opportunities, and staking rewards.

The value of Collateral Network (COLT) has already surged from $0.010 to $0.014 during the second stage of its presale, attracting the attention of big investors. With a launch price set at $0.051 and the potential to transform the asset-backed lending industry, early adopters stand to gain substantial profits.

Tron (TRX)

Tron (TRX) emerged as one of the most popular cryptocurrencies in 2017. Led by an ambitious CEO, Justin Sun, Tron (TRX) aims to become a decentralized content entertainment platform. Tron (TRX) even acquired BitTorrent in 2018 to further its goals.

However, Tron (TRX) has struggled to retain the same level of interest after its initial success. Tron (TRX) currently ranks 14th in terms of market cap and is trading at $0.067, a far cry from its all-time high of $0.30 in 2018.

While Tron (TRX) has a total value locked (TVL) of $5.50 billion, it still lags behind Ethereum (ETH)’s TVL of over $30 billion. This shows that, despite its popularity and achievements, Tron (TRX) has yet to reach the same level of adoption as Ethereum (ETH).

Market analysts predict that the price of Tron (TRX) will range between $0.06 and $0.07 for a few more weeks until the market decides its future direction. A breach of the $0.07 resistance would likely result in a quick move to the $0.10 level.

Shiba Inu (SHIB)

A new kid on the block, Shiba Inu (SHIB), has taken the crypto industry by storm. Launched in April 2021, Shiba Inu (SHIB) is a decentralized meme token that pumped by over 10,000% within just six months.

However, Shiba Inu (SHIB) has since dropped by over 88% to a current price of $0.00001030, showing that the hype around Shiba Inu (SHIB) wasn’t enough to sustain its meteoric rise. This could have been due to Shiba Inu (SHIB) having no product or utility other than a meme token, making it highly speculative and risky.

The good news for Shiba Inu (SHIB) holders is that the team is currently building a number of products and services to ensure the longevity of the token. For example, the Shiba Inu (SHIB) Shibarium Layer-2 scaling solution is set to be released in late 2023. It remains to be seen whether this will be enough to spur renewed interest in Shiba Inu (SHIB).

Find out more about the Collateral Network here: WebsitePresaleTelegramTwitter.

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