Seasoned crypto financiers understand the importance of being up-to-date on market news and events when seeking tokens to expand portfolios. Algorand (ALGO) and ApeCoin (APE) are two of the most well-known initiatives that have previously garnered mass amounts of interest. However, their recent worrying performance has holders seeking out the outstanding Collateral Network (COLT) presale instead, purchasing tokens at a price of just $0.014.
ApeCoin (APE) Struggles Against The Big Players
Creating a futuristic decentralized Web3 internet was one of the main motivations for the ApeCoin (APE) development. However, ApeCoin (APE) has lost buzz and somewhat steam as Yuga Lab’s Web3 goal has stalled.
Recently, Ledger announced an educational Workshop with ApeCoin (APE) on April 4th, but a lot has stayed the same in the ecosystem. This is evident mainly by ApeCoin (APE) price movements, which have dropped by 11.46% over the last 7 days. In the last 24 hours, the ApeCoin (APE) value has declined by 2.95% as it trades at $4.0677 at the time of writing.
Also down by 24.85% and 2.95% are the ApeCoin (APE) $78,300,505 trading volume and $1,499,333,420 market cap respectively. With ApeCoin (APE) declining, holders are already cutting their losses with viable alternatives such as Collateral Network (COLT).
Algorand (ALGO) Embroiled In Messy SEC Drama
In conjunction with other parties, Algorand (ALGO), is the latest cryptocurrency to come under the radar of the U S Security Exchange Commission (SEC), which largely asserts that the crypto token Algorand (ALGO) is a threat to security.
The regulatory body claimed in its complaint that Algorand (ALGO) constituted security since Algorand (ALGO) financiers had a plausible expectation of returns that are dependent on the actions of others. The Algorand (ALGO) team, however, has disputed the SEC’s allegations in a recent tweet.
Given the Algorand (ALGO) current predicament, there has been an accompanying bearish sentiment, a situation largely predominant in the cryptocurrency climate. The resultant effect has been a gravitation towards the Collateral Network (COLT) presale by token holders seeking other prospects. At the time of writing, Algorand (ALGO) has declined by 4.60% over the previous day, as it sells for $0.19. The Algorand (ALGO) current market cap value is $1,373,751,863.
Collateral Network (COLT) Presale Remains Attractive
Collateral Network (COLT) is a blockchain-based crowdlending structure that allows individuals and businesses to access finance without using traditional banking intermediaries, increasing liquidity and shortening loan approval processes.
Collateral Network (COLT) allows borrowers to use their tangible assets (watches, jewelry, fine wine) as collateral for loans. Assets are represented by minted NFTs then fractionalised, enabling multiple lenders to fund a given loan.
Therefore, borrowers who use the platform will benefit from its short turnaround times, privacy, transparency, low costs and accessibility. At the same time, lenders can access high security and a fixed passive income from their investment.
The purpose of Collateral Network (COLT) is that it empowers individuals to use their physical assets to fund certain loans. Besides, the consumers of Collateral Network (COLT) services profit from fair terms, reasonable costs and transparent communication.
Further bolstering its legitimacy, the initiative has armed itself with a thoroughly audited smart contract and a tantalizing presale event. The presale price of Collateral Network (COLT) has already increased by over 40% to $0.014 from its original $0.01 price, and once the presale is done, a 35x surge is predicted.
Owners of APE and ALGO have turned to the Collateral Network (COLT) presale as a result of their recent unsettling performances. With the present 40% deposit bonus, these financiers are flooding to this exciting presale.
For more information about Collateral Network (COLT)
Website: https://www.collateralnetwork.io/
Presale: https://app.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
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