Decentraland (MANA) and Theta Network (THETA) have recently experienced bearish trends, leading to stress among investors. However, a new player in the market, Collateral Network (COLT), which is in its presale phase with a $0.01 token price, has emerged with innovative solutions that could turn the tide for the crypto market.
Theta Network (THETA) shows sell signals; the price goes down to $1.01
Theta Network (THETA) is a content distribution platform that aims to revolutionize the video streaming industry. Users leverage Theta Network (THETA) tokens to pay for services and transaction fees. Recently, Theta Network (THETA) partnered with FedML, a platform that oversees generative AI model training. But, the Theta Network (THETA) token’s trading volume has dropped in the past two weeks instead of the expected network growth.
Technical indicators have also shown sell signals for Theta Network (THETA). However, analysts predict a slight surge in the token price, before it drops below $0.80. Thus, it indicates that Theta Network (THETA) can’t fulfill the long-term potential for investors.
The current price of Theta Network (THETA) is $1.01, which is a drop of over 9% in the past 24 hours. The live status of the project indicates that investors will not gain expected profits from Theta Network (THETA) investment at present.
Decentraland (MANA) platform’s drawbacks surface, causing the price to fall to $0.5707
Decentraland (MANA) is a virtual world where users can interact, buy and sell virtual goods, digital real estate, etc. The platform allows Decentraland (MANA) users to access all platform services without any censorship.
Decentraland (MANA) is like a 3D version of the real world where people can communicate with each other, and hold assets. A decentralized autonomous organization (DAO) framework manages Decentraland (MANA), which suggests that the users collectively own and govern the project instead of a centralized company. These are a few exciting features of the Decentraland (MANA) platform.
However, the platform’s drawbacks outweigh its benefits. One of them is its reliance on the Ethereum (ETH) network. It causes Decentraland (MANA) users to pay high transaction fees and suffer slow processing times during network congestion. Thus, the Decentraland (MANA) platform’s user base and ecosystem are still relatively small compared to other virtual worlds. Its limited user base has ultimately impacted price growth. The live price of Decentraland (MANA) is $0.5707, which is a drop of 7.50% within a day.
Collateral Network (COLT) will soon become a sought-after blockchain ecosystem
The Collateral Network (COLT) native token, COLT, was made to fuel a decentralized collateral ecosystem. Collateral Network (COLT) allows NFT-based fractional lending against real-world assets. People wanting to borrow cryptocurrencies on Collateral Network (COLT) can utilize their physical assets to raise loans with the platform.
The network will mint NFTs against assets, with its artificial intelligence-based process determining the value of assets and lending rates. Notably, the more COLT tokens a borrower holds, the lower interest they will pay and borrowing fees. As well as this, the more COLT tokens a lender holds, they will get higher discounts on trading fees.
Collateral Network (COLT) will allow lenders to purchase these fractionalised NFTs with a small amount of money to fund loans for borrowers as well as earn a passive income as well which is paid out weekly. The borrowers will also be entitled to pay the loans back to the lenders and in the event of it defaulting, the asset held by Collateral Network (COLT) will be repossessed and sold at auction. Collateral Network (COLT) uses 2FA security options to ensure that all transactions stay accurate. Its multi-chain functionality will improve its transaction speed and reduce gas fees.
Collateral Network (COLT) has launched the first stage of its presale, and is predicted to grow by 3500% in the upcoming months. Currently, a COLT token is available at $0.01. Early investors will likely earn higher returns on their Collateral Network (COLT) investment. As per experts, COLT tokens will surge by 100x after listing on major DEX and CEX. Access to the VIP members club is also available to only presale COLT token holders. So, take advantage of this opportunity and buy your presale tokens today.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Presale: https://app.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk