Place/Date: - March 24th, 2023 at 8:37 pm UTC · 3 min read
Source: Collateral Network
In the crypto market, projects with real-world utility will constantly outshine those that do not. And while coins like The Sandbox (SAND) and FTX Token (FTT) have relied mainly on hype and their past success, new projects with more room for growth and use cases are emerging daily! One such project is the Collateral Network (COLT) – the world’s first crypto challenger lender currently in Stage 1 of its presale.Today, we will examine all three of these coins and see how they compare to each other!
Recently, The Sandbox (SAND) announced that a security breach was made that led some users to get fake emails attempting to infect them with malware while seeming to be from the game. After this news, The Sandbox (SAND) coin value went down by 12%.
The Sandbox (SAND) has a value of $0.5974, a fall of 2.32% in the past 24 hours. Not only that, the technical analysis for The Sandbox (SAND) is also showing a bearish trend may be forming for the coin with both moving averages and technical indicators showing sell signals.
Sentiment around The Sandbox (SAND) is currently bearish, with some analysts forecasting a price fall below the $0.57 level. Even if The Sandbox (SAND) manages to regain momentum, investing in projects with more growth potential would be beneficial.
FTX has recently discovered a “significant deficit” in its digital asset reserves, with billions worth of client assets missing from the exchange. This could spell further trouble for the FTX Token (FTT) as it currently trades for $1.25, dropping 3.14% in the last day alone. The trading volume for FTX Token (FTT) has also sunk by 8.71% in that same time and now sits at $8,937,622.
The FTX Token (FTT) has bearish fundamental indicators, with the moving day averages all showing red. This situation has caused a bearish sentiment for the FTX Token (FTT).
Experts predict the FTX Token (FTT) may fall below $1.10 as it still has a dark cloud. FTX Token (FTT) holders are looking at other investment options to recoup some losses after the fall of FTX.
What makes Collateral Network (COLT) so unique when compared to The Sandbox (SAND) and FTX Token (FTT)? The Collateral Network (COLT) will be the first decentralized crowd-lending platform that will revolutionize the peer-to-peer lending market!
Picture this scenario, you own an up-and-coming business but need funds. Do you have a vintage car or other assets of value that can be used as collateral? Take it to Collateral Network (COLT), let them mint a NFT with the asset backing it, fractionalize it and allow users to purchase parts of it for a set interest rate – essentially, obtaining loans without actually selling your item!
With this crowdlending method, lenders will receive a set rate of interest (paid weekly), while borrowers can borrow discreetly without leaving a footprint on their credit file.
The native token COLT will power this platform, but that is not all; holding this token will give you discounts on trading and borrowing fees, governance voting rights, and staking rewards! And for a current presale price of just $0.01, these benefits are a bargain. As Collateral Network (COLT) looks to be technologically superior to its rivals, analysts are bullish about the COLT token, with some predicting a $0.35 price for it by the time the presale concludes.
If you want to be an early investor in this game-changing project that could disrupt the pawnbroking industry, sign up for the presale below!
Find out more about the Collateral Network here: Website, Telegram, Twitter.
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