Polygon (MATIC) And ApeCoin (APE) Showing Red? Introducing The Collateral Network (COLT) Presale!
After a terrific start in 2023, cryptos are starting a correction phase, with tokens such as Polygon (MATIC) and ApeCoin (APE) falling in the past week. In comparison, one project in Stage 1 of its presale currently, Collateral Network (COLT), has piqued the curiosity of many investors and experts alike! Let's look at all three of these cryptos and how they compare to each other!
Polygon (MATIC)
Game developers will soon have a unique platform for developing Web3 games with the launch of a new zero-knowledge Ethereum Virtual Machine (zkEVM) thanks to a partnership between Polygon (MATIC) and Immutable. ZkEVM's mainnet beta launch is set for March 27; however, Polygon (MATIC) has stated that not all functionality will be available since service stability will be prioritized.
And as the launch date approaches, the Polygon (MATIC) coin price has not been living up to expectations - currently trading for $1.08, down 2.39% in the last 24 hours. Not only that, but the technical analysis for Polygon (MATIC) also shows a bearish pattern for the token, with all indicators showing red.
On a positive note, the trading volume for Polygon (MATIC) has increased by 4% overnight and now sits at $304,300,357. This displays the increase in interest for Polygon (MATIC), as experts predict it could rise to $1.36 by the end of 2023. This price point leaves much to be desired as Polygon (MATIC) holders begin migrating to other projects with more long-term profitability.
ApeCoin (APE)
In recent notable ApeCoin (APE) news, a proposal that would have added two more NFT collections was denied by the ApeCoin (APE) DAO. Ape Coin Pet Club and Ape Coin Armory Club are the two collections, and both were intended to hold 20,000 NFTs.
This rejection did not help the ApeCoin (APE) value as it has dropped 3.42% in the last day alone and now sits at $4.02. Moreover, ApeCoin (APE) 's trading volume has also decreased by 10%, standing at $81,469,056.
Looking at the technical analysis for ApeCoin (APE), we can also notice that all moving averages and technical indicators show strong sell signals. As the ApeCoin (APE) sentiment is bearish, experts project ApeCoin (APE) could fall to $3.90 soon as projects with more real-world utility emerge daily.
Collateral Network (COLT)
Collateral Network (COLT) aims to revolutionize the loan sector by creating the first Web3 peer-to-peer lending platform. Suppose you are a startup's founder and need some funding. You can borrow against an asset (cars, real estate, jewelry) such as a $10,000 art piece by submitting it as collateral on Collateral Network (COLT).
This platform will then mint an NFT representing the physical item itself (resulting in it being 100% asset-backed). Afterward, this token will be fractionalized, and all investors can lend out smaller amounts of money for an agreed-upon interest rate. This fractional lending process has never been attempted before and is an excellent idea that could disrupt the entire pawnbroking industry!
As another plus in Collateral Network's (COLT) book, the liquidity pool will be locked for 33 years while team tokens for 2. This fact, combined with a smart contract audit already complete, makes Collateral Network (COLT) one of the most secure investment options on the market!
The platform's native token, COLT, offers holders a variety of advantages, such as exclusive admission to auctions for distressed assets, lower trading fees for fractional lenders, and lower borrowing prices for borrowers. With a current cost of just $0.01, now is the perfect time to purchase this potential blue-chip token expected to surge by 3500% and reach $0.35 in the coming months!
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