Following the last bear market in crypto assets, cryptocurrency investors are getting ready for another altcoin season. Investors hoping to profit from recent lows may want to add Hedera (HBAR) and Decentraland (MANA). Like with stock market investing, one must consider the fundamentals while investing in cryptocurrencies. Let’s examine why Collateral Network (COLT) is doing well with its token price of only $0.01, while two other tokens are struggling.
Hedera (HBAR) does not convince investors as the cryptocurrency struggles
Most alternative cryptocurrencies, including Hedera (HBAR), are at or near their all-time lows. Before the latest cryptocurrency crashes, the Hedera (HBAR) team had been working to improve the Hedera (HBAR) project’s outlook to attract investors’ money. The group has set a USD1 objective for the next few months. Still to be decided is whether or not the Hedera (HBAR) team will be able to reach this goal.
The business world relies on Hedera (HBAR), making it the most popular enterprise-grade public network. The native cryptocurrency, HBAR, is what drives the decentralized economy. Anyone can exchange this token for goods and services on the Hedera (HBAR) network. Those with tokens have a voice in the Hedera (HBAR)Â project’s administration and may run for office themselves if elected. Nonetheless, investors have shown a lack of enthusiasm thus far.
The Hedera (HBAR) team emphasized its commitment to improving the Hedera (HBAR)Â project’s outlook before the recent crashes in cryptocurrency so that investors could get their money out.
Decentraland (MANA) searches for more gains in the Metaverse
The bear market has also hurt the Decentraland (MANA) coin, which has gone from a high of around $5.40 to a current price of $0.6294. In 2021, there was a lot of interest in the Decentraland (MANA) virtual land plots in the MetaVerse. This interest peaked when Facebook announced that it would change its name to Meta Platforms.
Decentraland (MANA) shot to the top of the news when the prices of virtual land on the website hit all-time highs. The hype about the Metaverse has died down along with the cryptocurrency market, which could be a chance for investors in the digital land space to buy. More and more companies are bringing their brands to the Metaverse, which should bring more people to Decentraland (MANA) in the future.
As a result, experts believe Decentraland (MANA) will reach $5 by 2023. But some other market analysts aren’t sure about the future of Decentraland (MANA) because of the recent debate about how many people use it or don’t use it. Investors are divided on how Decentraland (MANA) will do as not many people are currently using it as a Metaverse platform.
Collateral Network (COLT) offers fractional loans to investors without security collateral
Users of non-fungible tokens (NFT) have access to the one-of-a-kind crowdlending platform called Collateral Network (COLT). People who use the Collateral Network (COLT) platform can get fractional loans from others who offer services related to fractional loans.
Since the people who get these loans don’t have to put up any real property as security, it’s very easy to get one of these loans. Instead, in contrast to banks and other financial institutions, they can take out loans secured by their physical assets using technologies like NFT and blockchain straightforwardly.
Collateral Network (COLT) gives its users several extra benefits through its ecosystem. The Collateral Network (COLT) platform is not only a market for people who want to borrow or lend fractional loans, but it also lets people buy auctioned physical or digital items for less than their current market value.
The Collateral Network (COLT) token is equipped with several useful features. They can earn appropriate rebates on trading costs and loans, have governance rights that let them vote on matters that influence the Collateral Network (COLT) project, and have chances to generate passive income through staking tokens.
The Collateral Network (COLT) native token, COLT, currently has a token price of only $0.01 in its first phase of presale and there are $1.4 billion tokens in circulation, however, only 50% of these are available in the public presale. With this in mind, the token price is still expected to surge within 6 months to 35x in price, interesting to any potential investors.
Find out more about the Collateral Network presale here:
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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