In the volatile world of cryptocurrency, Neo (NEO) and Polkadot (DOT) have seen a sharp drop in their prices.
In contrast, Collateral Network (COLT) has emerged as a promising investment option with impressive 35x returns compared to its competitors.
Neo (NEO) aims to offer a cheaper alternative to big cryptos but struggles to rise above $10
The purpose of developing the Neo (NEO) blockchain was to reduce the cost of cryptocurrency mining. In fact, Neo (NEO) tokens are not obtained through mining like other cryptocurrencies, such as Bitcoin.
Thus, it cuts the cost of the expensive mining process, and makes Neo (NEO) a cheaper option. Platform’s 100 million Neo (NEO) tokens that are available now were generated at the time of the blockchain launch.
Half of the NEO tokens were distributed equally between participants in a token sale, while the other half was divided among the Neo Council and developers. However, the platform’s offering has not influenced Neo’s (NEO) token price positively.
Neo (NEO) price growth cooled off after an initial increase. It is currently fluctuating around $9.36. Additionally, the trading volume for Neo (NEO) has declined by 36%. Thus, it is difficult for the token to reach above $10.
Polkadot (DOT) joins another project to release an educational course; investors hope for a price rise of over $10
Polkadot (DOT) became a partner with Revolut’s ‘Learn & Earn’ project that has created a Polkadot (DOT)-based course. The course will enable Polkadot (DOT) users to learn about the details of staking and how to collect extra tokens by using the provided app. Revolut’s ‘Learn & Earn’ initiative made Polkadot (DOT) the first protocol whose token customers could obtain.
Users could learn about the technology and collect Polkadot (DOT) tokens simultaneously.
Its “Polkadot Bonus” course comprises two lessons. The first lesson teaches about the staking process, and the second lesson delves into Polkadot’s (DOT) multichain concept.
The course materials include interactive cards and videos that utilize visual aids to provide valuable insights into the Polkadot (DOT) ecosystem. It made the platform experience a short upward trend.
However, the Polkadot (DOT) coin went on a downward spiral after a while. Its live price has dropped to $5.34, which has disappointed the long-term investors who hoped for it to at least rise beyond $10.
Collateral Network (COLT) set to lead in the crypto market with amazing growth predictions
Collateral Network (COLT) boasts and industry-disrupting use case as the worlds first decentralized challenger lender. The platform links peer-to-peer lending off-chain assets, and accepts borrowers’ physical assets to use as collateral.
Unlike traditional banking institutions, Collateral Network (COLT) can offer loans against your artworks, watches, or even wine bottles, without asking about your credit score and other regulatory formalities. You just need to submit your physical asset with Collateral Network (COLT) as collateral.
Collateral Network (COLT) can create fractional NFTs against your asset, and sell them in a decentralized marketplace. Multiple lenders can purchase these fractions, in effect funding the borrowers loan and earning a fixed rate of interest.
All COLT token holders will get staking bonuses and voting rights on the network. But only presale COLT token holders will gain access to the VIP members club.
The initial coin offering of COLT tokens has kicked off at $0.01. The value of Collateral Network (COLT) is expected to increase by 35x before the completion of the presale round so investors are swarming to get involved before the imminent price surge.
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
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