Over the past week, Polkadot (DOT) has decreased in price by 9.83%, causing daily trading volume to crash. Daily trading volume has consistently dipped below $200 million as many investors ditch Polkadot for more lucrative investments. One such investment is a new crypto coin with 30X potential that’s already increased in price by 40% during its presale.
What is Polkadot (DOT)?
Polkadot (DOT) is a DeFi project that lets developers build blockchains, cryptocurrencies, and NFT collections. The project has one of the most active communities worldwide, with members having the right to vote on future development tools and policies.
Transactions made and projects built on Polkadot (DOT) have some of the highest security in the market, as all transactions are completely private. Since it was first released in 2020, Polkadot (DOT) has raised over $200 million during private DOT sales rounds.
To improve its liquidity and take Polkadot (DOT) to the next level, the project team has partnered with Stellar Network. This announcement caused a rise in the value of Polkadot (DOT), though it has since decreased to $6.07 per token.
What Is This Crypto Token Investors Are Ditching Polkadot (DOT) For?
With many analysts predicting that Polkadot will continue to decline, an exciting new project is gaining traction. It’s called Collateral Network and is using DeFi technology to disrupt the crowdlending market.
Currently in its presale, Collateral Network (COLT) has already increased by 40% and is expected to hit $0.30 before its presale ends, marking a return of 3000% for investors who get involved early.
With Collateral Network, borrowers can raise loans against their physical assets. They begin by bringing their real-world assets on-chain in the form of an NFT. This NFT is fractionalized into smaller pieces to allow multiple lenders to fund loans, each of who will earn a fixed passive income.
Collateral Network has already risen to become one of the most exciting project in the crypto market. The project has a fully KYC doxxed team and the smart contract has been successfully audited by SolidProof and InterFi network, with COLT token liquidity is locked for 33 years to guarantee investor safety.
Why Are Investors Choosing Collateral Network (COLT) Over Polkadot (DOT)?
Although Polkadot has huge potential, Collateral Network is on track to revolutionize an multi-trillion dollar industry. By offering a more streamlined, secure, and faster way to raise asset backed lending, Collateral Network could replace traditional crowdlending in just a few years.
Conclusion
While much of the cryptocurrency market declines, Collateral Network is already outperforming the industry’s top projects, attracting thousands of new investors in the process. Currently priced at just $0.014 COLT is easily one of the most affordable projects with huge potential in both DeFi and real-world markets.
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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