EOS (EOS), Dogecoin (DOGE) become victim of bears while bulls bat for Collateral Network (COLT)

Holders of EOS (EOS) and Dogecoin (DOGE) are troubled by the tokens’ degrading market positions. Therefore, they are shifting to Collateral Network (COLT), a new crypto that has started its presale with a token price of $0.01. Bringing a unique business roadmap with high market viability, Collateral Network (COLT) has successfully crafted a valuable market niche for itself.

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Challenges mar EOS (EOS) growth

As per recent data, EOS (EOS) is nearing 400K watchlists and has a 940K+ million market capitalization. Despite this encouraging data, EOS (EOS) has faced several challenges in the last few months.

EOS (EOS) is being criticized for being centralized, as only a small group of block producers control the platform. These challenges have acted as a break in the growth journey of EOS (EOS). The price of EOS (EOS) has declined by 2% in the last month. 

Currently, EOS (EOS) is being traded at $0.88. EOS (EOS) is a blockchain project focused on high efficacy, adaptability, and security. EOS (EOS) boasts a potent WebAssembly engine, which allows users to make transactions at virtually no cost.

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Dogecoin (DOGE) fate dwindling due to Elon Musk

Following Twitter CEO, Elon Musk’s, recent indication that he might quit his position, the price of Dogecoin (DOGE) has taken a dip. Dogecoin (DOGE) has been sensitive to Elon’s tweets ever since he took charge as Twitter’s CEO. Elon had hinted at making Dogecoin (DOGE) the official crypto of Twitter, but Elon’s recent indication has hurt Dogecoin (DOGE).

The price of Dogecoin (DOGE) has fallen by more than 24% in the last month. As a result, the current price of Dogecoin (DOGE) has come down to $0.0718, which is 90% below its all-time high of $0.74. Thus, Dogecoin (DOGE) is struggling to stand strongly.

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Collateral Network (COLT) emerges as the best Crypto investment

Collateral Network (COLT) is the world’s only blockchain-based platform that exclusively works to streamline the exercise of lending and borrowing cryptocurrencies. Collateral Network (COLT) has garnered a lot of fanfare due to its multiple usabilities. It is beneficial for both borrowers and lenders.

Collateral Network (COLT) provides borrowers with an opportunity to take a loan against their physical assets on the blockchain. The platform allows borrowers to unlock cash using real-world physical assets, without selling them. Collateral Network (COLT) mints fractional NFTs against real-world physical assets, enabling the lenders’ community to fund the loans for people who need money. On Collateral Network (COLT), people can encash their physical assets within 24 hours. Moreover, borrowing on Collateral Network (COLT) does not make any dent to the borrower’s credit history.

These fractional NFTs, minted by Collateral Network (COLT) against real-world assets, can be purchased by investors to lend funds to borrowers. NFTs are backed 1-to-1 by real-world physical assets. The platform also allows users to become their own banks and provide loans to borrowers at a fixed rate of interest. Additionally, lenders get a fixed income on a weekly basis.

The ecosystem of Collateral Network will be run by COLT, the native crypto of the platform. The presale of COLT tokens will start at a price of $0.01. However, market experts believe that the price of Collateral Network (COLT) will surge by 35x in the next six months due to its value proposition and real-world use case. 

As per the developers of Collateral Network, just 50% of the total 1,400,000,000 COLT tokens will be available during the presale. Moreover, only presale token buyers will be able to access the VIP members club. They will also get several other benefits, including staking, discounts on borrowing and trading fees, and voting rights.

Find out more about the Collateral Network presale here:

Website: https://www.collateralnetwork.io/
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk

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