The uncertainty of the crypto market can be well understood by the analysis of Chainlink (LINK), Decentraland (MANA), And Collateral Network (COLT). While Chainlink and Decentraland (MANA) are dwindling in the current market conditions, Collateral Network has been making new records with its exceptional business roadmap.
Collateral Network is a new project that is currently in its presale phase. Going by experts’ predictions, the value of Collateral Network will surge by 35x during the presale, and 100x in the subsequent months.
Chainlink (LINK) Expands Ecosystem With New Integrations
Intending to expand its ecosystem, Chainlink has inked 10 integrations of three of its services. These integrations of Chainlink’s services are spread across five different chains, including Ethereum, Polygon, Avalanche, BNB, and Solana. It indicates the growing relevance of Chainlink in node functionality and operations.
The Chainlink community has expressed a belief that these integrations will create more demand for LINK in the coming weeks, thereby increasing its price. Meanwhile, Chainlink has also launched its latest node software on the mainnet, to enhance operational efficiencies. However, the price trajectory of Chainlink has been demotivating for investors, as LINK is down 8% on the monthly price chart. At the time of writing, Chainlink (LINK) is available to trade at $6.90.
Decentraland’s (MANA) Metaverse Shrinks
The demand for virtual real estate has slumped, and Decentraland is one of the worst sufferers. According to a recent report, the weekly sales and purchase volume of property on Decentraland has nosedived to around $50,000, which used to be in the millions till last year. A more worrying fact for Decentraland investors is the platform’s continuously declining user base.
According to The Block, a mere 20-30 people are executing transactions on Decentraland on a weekly basis. Consequently, the price of Decentraland (MANA) has nosedived by more than 13% in the past month. Thus, the trading price of Decentraland has come down to $0.53. However, Decentraland hopes that its recent partnership with Fidelity International will increase its user base and demand.
Collateral Network (COLT) Conquers New Growth Peaks
Building a disruptive platform, Collateral Network has revolutionized the crowdlending industry with a high-value proposition. It has simplified unlocking liquidity from physical assets by bringing them to the blockchain.
Borrowers just need to send their physical assets (jewelry, real estate, cars) to Collateral Network, and they can borrow funds at a competitive interest rate set by lenders. The platform has developed an innovative artificial intelligence-based mechanism to evaluate collateralized assets.
After validating assets, Collateral Network mints NFTs, and stores them in its secured vaults. Borrowers will have the full right to reclaim the physical possession of their collateralized assets after repaying the loan amount along with interest.
The fractional NFTs minted by the platform are sold to potential lenders in a decentralized marketplace. All lenders will become their own mini banks and are offered a fixed income per week.
Since Collateral Network is offering multiple use cases and benefits, whales are locking as many presale COLT tokens as they can. The current value of a presale Collateral Network (COLT) token is $0.014 and is predicted to surpass $0.35 once released on major exchanges.
For more information on Collateral Network visit the website, join the presale or join the community for regular updates.
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