Tron (TRX) trading remained flat as the TRX token price crabs along, impacted by recent fake news on a controversial Twitter account. Meanwhile, Aptos (APT) has seen its price go up as it maintains a bullish trend.
While Collateral Network (COLT) has been met with high expectations of achieving 3500% gains during their presale.
Does Tron (TRX) have a future?
Tron has not been making any moves lately as it deals with the ripple effects of false information on social media. Tron is the second largest DeFi with a TVL of $3.77 billion.
Fake news about the founder of Tron, Justin Sun, was recently posted on a Twitter account in a bid to manipulate the market. The fake information stated that the Tron founder had been arrested leading to a selling frenzy that saw TRX lose more than $400 million in market capitalization in just an hour.
Fortunately, Tron responded to the fake news immediately to save the situation. Since then, TRX has been trading sideways. Looking at the daily chart, Tron is struggling to break over the $0.09 resistance level.
If Tron does manage to drive more buying interest and demand, it could climb again and possibly reach its previous all-time high of $0.30. At the time of writing, Tron is trading at $0.067.
What is the price prediction for Aptos?
Aptos (APT) is still continuing its bullish trend that began late last year. Keep in mind that Aptos is the latest layer 1 blockchain project. DeFi and decentralized applications developers are flocking to Aptos because of the platform’s attractive features such as speed, scalability, anonymity, and low cost of entry.
Aptos uses a combination of sharding and proof-of-stake consensus to process thousands of transactions per second. These features make Aptos the go-to platform for developers looking for a fast, low-cost, and efficient solution.
Aptos was listed in late 2022 and has been on a bullish trend since the beginning of 2023. Aptos began the year trading at $3.10 before surging to over $20. At the time of writing, Aptos (APT) is trading at $10.24. Investors are optimistic of a major price rally for Aptos in 2023.
Collateral Network (COLT) 40% price increase is setting the pace
Collateral Network has also been making news in the cryptocurrency world with a 40% price gain having seen its price jump from $0.01 to $0.04.
So, what’s driving the demand for Collateral Network (COLT) during presale?
One thing that is attracting investors to Collateral Network (COLT) is how the new project is set to revolutionize the borrowing and lending sectors in ways that have never been seen before. Collateral Network (COLT) is the first blockchain project in the world that allows borrowers to unlock liquidity from their physical assets.
You can unlock liquidity from any valuable asset on the Collateral Network (COLT) platform including real estate, vintage cars, luxury watches, jewelry, fine art, and many more. Collateral Network mints assets into NFTs and fractionalises them.The fractionalised NFTs created on the Collateral Network platform allows anyone to borrow money from multiple lenders.
Therefore, lenders become their own mini banks and can make fixed weekly income from set interest rates. As for borrowers, they can access funds seamlessly without damaging their credit score or dealing with traditional institutions like banks.
The Collateral Network (COLT) ecosystem is powered by the COLT token. Holders of COLT tokens enjoy several benefits such as lower trading and borrowing costs, staking rewards, and voting rights among other perks.
Collateral Network (COLT) is in the presale stage at the moment. Analysts predict the price of COLT to rise by 3500% by the time the presale concludes.
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