Collateral Network Draws Focus Away from Dogecoin and Polygon (MATIC), Attracting Major Investors In The Process

The Collateral Network (COLT) presale has been making waves in the cryptocurrency space, attracting investors with an impressive 40% return. This has drawn focus away from established projects like Dogecoin […]

The Collateral Network (COLT) presale has been making waves in the cryptocurrency space, attracting investors with an impressive 40% return. This has drawn focus away from established projects like Dogecoin (DOGE) and Polygon (MATIC) as market participants seek to capitalize on entry-level prices before it pumps even higher. 

Collateral Network (COLT)

Collateral Network is a decentralized peer-to-peer lending platform that allows users to borrow against their valuable, tangible assets. Collateral Network takes a unique approach to provide loans by minting collateralized assets into NFTs, which are fractionalised and then funded by multiple lenders.

The presale began recently and has quickly become one of the most anticipated events in the cryptocurrency space. In fact, the price of COLT has already increased by 40%.

Sponsored

The unique way of tokenizing valuable assets is what has made it so attractive to investors. No longer do investors have to fund the whole loan amount – they can lend small sums of money against a fraction of a loan amount and still receive weekly returns.

Collateral Network also breaks down barriers for borrowers who no longer have to contend with lengthy application processes and credit checks like traditional lending markets. The whole lending and borrowing process on the platform is handled by smart contracts ensuring a frictionless transaction for both parties that is discrete and transparent for both parties 

COLT can be bought for a current price of $0.014 during the presale, but already the demand is gathering with market experts indicating that now is an opportune time to get involved at the entry-level of a project that is set to change a $trillion market.  

Collateral Network (COLT) price is expected to grow by over 35x when it hits the open market. As such, investors are eager to get in on the action before it’s too late.

Sponsored

Dogecoin (DOGE)

Dogecoin (DOGE) is a payment cryptocurrency based on the popular ‘Doge’ meme and was created as a joke in 2013. Dogecoin (DOGE) peaked at $0.73 in the middle of the 2021 bull run but has since dropped by over 89% to just $0.078.

Experts believe that the Dogecoin (DOGE) decline is due to the lack of real-world use cases and its reliance on speculation for growth. Dogecoin tends to only pump during periods of FOMO and is usually one of the first coins to fall into a bear market. Dogecoin (DOGE) is also facing competition from rival meme coins, such as Shiba Inu (SHIB).

The price of Dogecoin (DOGE) looks set to range between $5.00 and $10.00 in the short term, with any growth being dependent on the wider cryptocurrency market. Elon Musk could also influence the price of Dogecoin (DOGE) if he continues to mention it in his tweets.

Polygon (MATIC)

Polygon (MATIC) is a layer 2 scaling solution for Ethereum that allows developers to build high-performance decentralized applications. Polygon (MATIC) uses a range of different scaling solutions, with their zkEVM blockchain being the newest and most advanced.

This technology has allowed Polygon (MATIC) to perform well over the past few years, with the Polygon (MATIC) price increasing by more than 15,000% to a peak of $2.92 during the 2021 bull run. Polygon (MATIC) has since cooled off and at the time of writing, is trading at $0.99.

The last seven days have seen Polygon (MATIC) fall by 12.90%, with a dip below the $1.00 support level. Analysts now foresee Polygon (MATIC) falling further to a price of $0.80 if Polygon (MATIC) cannot regain the $1.00 level within 24 hours.

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

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

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