The Sandbox (SAND) is a decentralized virtual world and gaming platform that has been struggling to expand its user base, leading to stagnation in price and network activity. Meanwhile, Collateral Network (COLT) is performing far better, with 40% gains so far during its ongoing presale.
Network Growth Woes for The Sandbox (SAND)
The Sandbox (SAND) is a virtual world where users can create and monetize their own gaming experiences. The Sandbox (SAND) has been a complete game-changer to the gaming industry, leading to an explosion of users and activity on the network in 2021. This resulted in the price of The Sandbox (SAND) jumping from $0.05 to over $8.00 in under one year.
However, lately, The Sandbox (SAND) has been struggling to maintain its user base. Santiment’s data shows that The Sandbox (SAND) has been unsuccessful in mustering up 1,000 daily users since March 31st 2023.
With the price of The Sandbox (SAND) directly correlated to the active users, it is no surprise to see that The Sandbox (SAND), at the time of writing, is trading 92.70% below its all-time high of $8.44 set in 2021.
Analysts foresee the price of The Sandbox (SAND) continuing to range sideways between $0.40 and $1.00 until the platform is able to attract new users. The $1.00 resistance level is significant for The Sandbox (SAND), as it was the previous trading range high in 2021 before the network experienced its meteoric rise.
The Potential for 3500% Gains with Collateral Network (COLT)
Conversely, Collateral Network (COLT) has been performing exceptionally well during the ongoing presale, with 40% gains so far. Collateral Network (COLT) is a peer-to-peer lending platform that allows borrowers to use their assets as collateral to obtain loans. Jewelry, cars and real estate are some examples of usable assets.
But the real differential that sets Collateral Network (COLT) apart from the competition is the tokenization of assets into fractionalised NFTs. By fractionalising NFTs into smaller pieces, loans can be funded by multiple lenders and rewards them with a weekly income that is at a fixed interest term.
Therefore, Collateral Network (COLT) is making the lending industry fairer for all. Lenders aren’t limited by minimum investment amounts, while borrowers aren’t limited by credit scores or bureaucratic rules.
The COLT token functions as a universal medium of exchange for all participants on the Collateral Network (COLT) platform. Additionally, COLT holders enjoy prime borrowing rates, decreased transaction costs, staking-generated passive income and various other benefits.
Market analysts note that the peer-to-peer lending market is valued at over $800 million and is expected to grow exponentially. With Collateral Network (COLT) bringing a number of new features and advantages to the market, analysts estimate that COLT token holders could see gains of 3500% in the next few years.
How to Buy COLT
COLT is currently priced at $0.014 during phase 2 of the presale, with the price set to rise as each phase continues. The only way to purchase COLT during this time is by heading to the Collateral Network (COLT) website and clicking the Buy Now button to register.
It is then a simple case of selecting how many COLT tokens you would like to purchase and selecting whether to pay with ETH, BNB, or USDT. Collateral Network (COLT) will then instantly send your purchased tokens to the registered wallet.
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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