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Toncoin (TON) and Tron (TRX) Price Struggle to Keep Pace as Collateral Network (COLT) Presale Sets New Milestones

May 4th, 2023 at 10:00 am UTC · 4 min read

Toncoin (TON) and Tron (TRX) Price Struggle to Keep Pace as Collateral Network (COLT) Presale Sets New Milestones
Photo: Collateral Network

In this article, we’ll take a closer look at the factors driving the success of the Collateral Network (COLT) presale, and how Tron (TRX) and Toncoin (TON) have been struggling to keep up with the competition.

With more than 100 million tokens sold so far, Collateral Network is dominating the DeFi space and has quickly become one of the industry’s hottest tokens.

Collateral Network (COLT)

Collateral Network (COLT) is a Web3 lending platform that revolutionizes how people obtain funds while offering a new way for lenders to support borrowers. Collateral Network enables individuals to easily tap into the value of their prized possessions by transforming them into NFTs.

These NFTs represent the collateral for loans and can be divided into smaller pieces through a process called fractionalization. By doing this, Collateral Network (COLT) opens the lending industry to anyone, regardless of how much they have in the bank. In fact, only a small sum of money is enough to fund part of a loan on the platform and lenders can receive a weekly passive income in exchange for lending.

For borrowers using the platform means quicker access to funds and no need to deal with traditional banking institutions. This means that those with bad credit or no credit history can easily acquire funds.

With so much utility baked into COLT and the project, it is expected that its value will surge by 35x once the presale ends and it hits the exchanges. This is why more than 100 million COLT have been purchased already with another increase in price imminent based on demand.

Early investors will benefit from the COLT token’s upward mobility. Presently, its presale price stands at $0.014 but with the demand will not remain at this price for long. Don’t miss out!

Tron (TRX)

Tron (TRX) recently experienced a whirlwind of turmoil due to a deceptive Twitter account that spread inaccurate information about the Tron (TRX) founder, Justin Sun. The deceitful tweets claimed that Sun had been apprehended, sparking a frenzy of panic selling that saw the Tron (TRX) value fall from $0.06650 to $0.06200 in just one hour.

Although the Tron (TRX) value recovered promptly once the false news was exposed, this event underscores the rapid spread of misinformation and its potential to destabilize markets. Tron (TRX) investors should be vigilant in seeking out independent sources of data to verify any news that could impact the value of their tokens.

While this was a short-term bearish event, the long-term outlook for Tron (TRX) isn’t particularly bright. The Tron (TRX) price is down 78% from the 2018 high, which means that Tron (TRX) hasn’t seen a new high in more than five years. Analysts suggest that Tron (TRX) may be stuck in a sideways pattern for the foreseeable future.

Toncoin (TON)

Toncoin (TON) was introduced by Telegram in 2018 as a layer 1 blockchain platform. Telegram then abandoned the project, and Toncoin (TON) was later acquired by Free TON and relaunched in 2020 with a new roadmap and focus on decentralized applications.

This takeover saw the value of Toncoin (TON) climb to $2.80 from a low of $0.75. Toncoin (TON) investors were optimistic that the project would soon become a major player in the DeFi space, but its growth has been much slower than expected. The value of Toncoin (TON) has since declined to $2.28 as other digital currencies draw attention away from Toncoin (TON).

Analysts suggest that Toncoin (TON) will range between $2.0 and $2.60 until a major change in sentiment occurs. This could happen if Toncoin (TON) succeeds in establishing itself as a major player in the DeFi space or if a crypto-wide bull run drives the price of Toncoin (TON) higher.

Find out more about the Collateral Network here: WebsitePresaleTelegramTwitter.

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