Does TRON (TRX) Have What It Takes to Rally to a New ATH in 2023? Experts Say This New Altcoin Could Surpass It

May 31st, 2023 at 10:52 am UTC · 3 min read

Does TRON (TRX) Have What It Takes to Rally to a New ATH in 2023? Experts Say This New Altcoin Could Surpass It
Photo: Collateral Network

TRON (TRX) is a project with huge potential to influence the future of DeFi. Unfortunately, TRON´s founder is currently in a legal dispute with the US Securities and Exchange Commission (SEC). Despite this, TRON has increased in value in the past month, with some analysts believing TRON  could hit a new ATH in 2023.

That being said, a new altcoin that looks to surge by 3500% could overtake TRON (TRX) before the end of the year.

What Is TRON (TRX)?

TRON is a DeFi project designed to give power back to digital creators. With a focus on the Asiatic market, TRON, heavily advertised in 2017, especially by its founder, gives digital creators full ownership of their work.

TRON has already expanded its portfolio with the purchase of BitTorrent and has recently announced that it will help build the Domica Metaverse. This initiative will help residents of the Dominican Republic better understand and use cryptocurrency throughout their daily lives. The Dominica Metaverse will be supported by two other projects: the Dominica Digital Identity (DDID) and the Dominica Coin (DMC), both of which are being developed by TRON.

In the last month, TRON (TRX) increased in value by 3.96% to $0.0694, which has sparked additional interest in the project. This growth also shows that TRON is more than just its founder, increasing in value despite recent controversy. Although TRON has offered good returns, this new altcoin has greater potential to rally, having already increased in price by 40% during its presale.

Will This New Altcoin Really Outperform TRON (TRX)?

Despite increasing in value, not all investors are convinced that TRON currently has what it takes to rally. Consequently, many have chosen to diversify their investments with this lucrative new altcoin.

Collateral Network (COLT) is a new DeFi project that has the crypto market excited. It showcases a one-of-a-kind platform that lets individuals unlock liquidity from physical assets, such as Lambos, superyachts, and Rolex watches, without needing to sell the asset.

As a new entry to the market, the Collateral Network team has addressed investor concerns, having been doxxed and audited, and has also locked liquidity for 33 years.

This is the first time DeFi technology has been applied to crowdlending, and it unlocks a plethora of opportunities for borrowers and lenders. Borrowers have their assets brought on-chain as NFTs which are then sold in fractions to multiple investors who loan funds for an agreed period. Lenders will generate an interest rate for the duration of the loan, while borrowers will receive cash in just 24 hours.

The Collateral Network presale is one of the fastest selling in the market, with its latest presale stage already 60% sold out. Investors are now buying faster than ever to capitalize on a 26% price increase expected to occur in the next two weeks.

With price estimates suggesting that Collateral Network could go from $0.014 to $0.35 before its presale ends, analysts believe that Collateral Network (COLT) could overtake TRON (TRX) with an additional 100x surge once it hits major exchanges such as PancakeSwap.

For more information on Collateral Network visit the website, join the presale or join the community for regular updates.

Find out more about the Collateral Network here: presaleTelegramTwitter.

Disclaimer: Coinspeaker is not responsible for the trustworthiness, quality, accuracy of any materials on this page. We recommend you conduct research on your own before taking any decisions related to the products/companies presented in this article. Coinspeaker is not liable for any loss that can be caused due to your use of any services or goods presented in the press release.