As the crypto winter drags on, investors are looking for any glimmer of hope that the market might turn around. One ray of light comes in the form of new tokens being introduced to the market. Collateral Network (COLT) is one such token that has caught the eye of many in the crypto community, ahead of forecasts that it would rise by over 35x during its presale.
COLT is a token that aims to provide a better use case and more price gains than existing tokens like EOS (EOS) and OKB (OKB). In this article, we’ll take a look at why Collateral Network (COLT) may be a better option for investors looking to enter the crypto space.
Collateral Network (COLT) takes the lead
Collateral Network (COLT) is revolutionising the crypto space by offering one-of-a-kind features. Both new and experienced investors are being drawn toward Collateral Network (COLT) because it has established itself as the first crypto crowdlending platform. With Collateral Network (COLT), users can unlock cash by using their physical assets as collateral.
For example, if someone has a unique art piece that has real value, they could earn money with it on Collateral Network (COLT) without actually selling it. Collateral Network (COLT) mints fractionalized NFTs against the assets and allows lenders to provide loans to borrowers for a fixed rate of interest.
With a starting price of just $0.01 in the first presale round for the project’s native COLT token, Collateral Network (COLT) is set to surge by over 3500% according to analysts, due to the benefits it confers to holders like discounts, staking and governance rights. There are a total of 1.4 billion Collateral Network (COLT) tokens for sale at present.
OKB (OKB) drops 4% in just 24 hours
OKB (OKB), which is connected to one of the largest cryptocurrency exchanges, claims that it serves multiple use cases. However, OKB’s (OKB) value has been falling despite its reliability as an investment and strong underlying worth. OKB (OKB) is being traded for $21.92 at the time of writing.
The price of OKB (OKB) has dropped by 4.04% on the last day. OKB’s (OKB) price dropped by 0.33% in the previous hour, sparking widespread fear. OKB (OKB) is not a good long-term investment, according to various expert forecasts. Investors should proceed with caution when considering OKB (OKB) as an investment option because of the possibility of significant loss. As per experts, a future devaluation of OKB (OKB) investments is possible in 2023. Many industry professionals now advise waiting a while before buying or selling OKB (OKB).
EOS (EOS) faces price pressures with legal issues
EOS (EOS) raised a record $4.1 billion in a year-long initial coin offering (ICO) in 2018, with the stated goal of replacing Ethereum as the most well-known token by creating the most scalable and cost-effective platform on the market. But EOS (EOS) quickly ran into a number of legal obstacles. Since inception, EOS (EOS) has been plagued by a number of challenges, both internal and external. In 2019, Block.one, the company behind EOS (EOS), was fined $24 million by the U.S. Securities and Exchange Commission for failing to register the ICO.
Holders of EOS (EOS) Tokens filed a lawsuit against Block.one, claiming the token was fraudulent. In their opinion, the corporation violated securities regulations by issuing false and misleading representations regarding EOS (EOS), which led to a manipulated increase in its price. At the time of writing, EOS (EOS) costs $0.88. With a peak value of $22.89, EOS (EOS) is now 96.14% below its all-time high.
Find out more about the Collateral Network presale here:
Disclaimer: This is a sponsored article. The views and opinions presented in this article do not necessarily reflect the views of CoinCodex. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets.
