Tron (TRX) disappoints its community with the latest Stake 2.0 launch, failing to attract new stakers to the platform. As a result, the price has seen a 2% drop, making investors switch to a more prominent option, Collateral Network (COLT).
While still in its presale, COLT, a new Web3 decentralized lending platform, has experienced a 40% jump in its token price, attracting investors with its impressive gains.
Tron (TRX) Down 2% After Failing to Attract New Stakers Following Stake 2.0 Launch
As both Ethereum (ETH) and Bitcoin (BTC) mark price increases, Tron (TRX) goes the opposite direction, with the Tron (TRX) price dropping by 1.25% over the last 24 hours. This comes in the wake of the price dropping by 2% over the previous week following the announcement of its latest Stake 2.0 launch.
Namely, the Tron (TRX) community was hopeful that the Tron (TRX) TVL (Total Value Locked) would increase because the NOW Wallet integrated the Stake 2.0 launch, bringing more flexibility to the Tron (TRX) stakers.
However, the Tron (TRX) TVL decreased by 0.27%, with Tron (TRX) holders going from over 352,000 to 340,000 in the past week.
And yet, these activities have not dethroned Tron (TRX) from its No.1 position on the list of blockchains with the most daily active users, as per Token Terminal. Moreover, Tron (TRX) stands tall with 1.7 million, with the BNB Chain coming in second and Bitcoin (BTC) in third.
Collateral Network (COLT) Marks a 40% Surge While in Presale
While Tron has investors speculating about its next move, Collateral Network (COLT), a Web3 decentralized crowdlending platform still in its presale, has marked a 40% price increase, with experts believing that it will grow even more.
Collateral Network (COLT) has gained all market attention and is set to revolutionize the lending industry by enabling users to borrow funds against real-world assets.
For instance, let’s say you have a $20,000 watch. You send it to Collateral Network (COLT), where Collateral Network (COLT) will evaluate the asset and store it in its vault. Then, Collateral Network (COLT) mints an NFT of your asset and further fractionalizes it so that multiple lenders can fund the loan.
Lenders will receive fixed-interest payments in return. Once you’ve repaid the loan, Collateral Network (COLT) redeems your assets from its vault and burns the NFTs.
At the beginning of its presale in February, the Collateral Network (COLT) token had an initial price of $0.01 but currently trades at $0.014. And according to data on the official Collateral Network (COLT) website, the price will rise to $0.0168 when an additional 120,000,000 tokens are sold.
How to Buy COLT
You can buy Collateral Network (COLT) tokens on the official presale portal. All you have to do is open the portal, click on the Buy Now button to register, and choose how many tokens you want to buy.
The Collateral Network (COLT) accepts BTC, ETH, BNB, USDT, SOL, SAND, MANA, DOGE, or SHIB payments and automatically converts them to an equivalent in COLT.
Conclusion
As Tron (TRX) has left investors wondering what’s next, the market turns to COLT as an excellent opportunity for long-term gains.
Learn 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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