Learn about the recent Collateral Network (COLT) presale pumps and why Monero (XMR) and Tron (TRX) may not be the most promising investments at the moment. Stay informed with our in-depth analysis.
Recently, the Collateral Network (COLT) presale caused a stir in the cryptocurrency community with its impressive pump, but not all coins are experiencing the same success. In this article, we will dive into why Monero (XMR) and Tron (TRX) may not be the most promising investments at the moment.
Collateral Network (COLT)
Collateral Network (COLT) is a peer-to-peer lending platform that aims to streamline the loan process by allowing users to borrow against their physical assets digitally through a combination of non-fungible tokens (NFTs) and fractionalization. The Collateral Network platform is built and operates on the Ethereum blockchain.
Collateral Network (COLT) is still in stage 1 of its presale and the price of its native token $COLT is trading at $0.01. Analysts have put a $0.35 price target on $COLT before the presale ends, which means that investors who like to buy into projects early could see a 3,500% pump before the presale concludes. The platform has seen predictions of a 35x pump in Collateral Network’s value during its presale due to its real-world use cases as a decentralized crowdlending platform.
The Collateral Network (COLT) platform will also feature multi-chain capabilities and can bridge onto additional blockchains later. There will also be a dedicated VIP members club that is open solely to presale buyers of COLT.
Monero (XMR)
Monero started looking unpromising with a selloff and by plunging by nearly 4% to around $208 on May 9th, 2022. The decline brought the Monero token near its key support level — the 50-week exponential moving average near $214.
At the time of writing, within the last 30 days, the price of XMR dropped by 4.61%, reducing its previous value of $163.07 by $7.52. This current downtrend means that Monero is in a dip right now. Monero’s price had increased by 9.03% in the past 90 days, adding $12.88 to its previous value of $142.67.
Additionally, Monero’s predictions put the highest price per XMR coin at $152 and $92 at the lowest possible price for 2021. For future years, it was expected that Monero would continue to grow to the highest possibility at $220 by 2023, but as it stands now, this prediction has not held sway, and the charts look bleak for the coin.
According to a Monero price prediction, Monero (XMR) is predicted to start in May 2023 at $147.406 and finish the month at $124.900. Another prediction suggests that the XMR price prediction for May 2023 might be around $167.63.
Tron (TRX)
According to recent reports, TRON is not a good investment because it faces fierce competition from other similar crypto projects, does not stand out with its technology and innovation, does not have a genuine community (not counting speculators and a hype-chasing crowd), and the team behind the Tron (TRX) project is unproven.
On Coingecko, Tron’s price has declined by 2.75% in the last 24 hours and by 5.98% in the past 7 days. It is currently valued at a market cap of $5,865,267,221 with a circulating supply of 91 Billion Tron (TRX).
This decline in the price of TRON (TRX) relates to the vast adoption of other layer-1 projects like Ethereum (ETH) and VeChain (VET) over TRON (TRX).
According to a TRON price prediction for May 2023, TRON (TRX) will start in May 2023 at $0.0527 and finish the month at $0.131. Another prediction suggests that the average TRX rate might be around $0.0729927 in May 2023.
Read more about the COLT presale here:
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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