As experts report 150 million Dogecoin (DOGE) tokens being moved on the Binance exchange, the coin has risen in price by 1.80% in the last 24 hours, showing potential for future growth. However, Collateral Network’s (COLT) presale exploded in popularity, leading to a 40% price surge outperforming the market.
Dogecoin (DOGE) Whale Buys $12 Million Worth of Tokens
Over the past six months, Dogecoin experienced a 41% price increase. However, following these increases, the DOGE price traded the other way, marking three consecutive days of losses.
The Dogecoin price drops were noticed by Dogecoin whales, prompting one of them to take advantage and buy tokens worth $12 million, according to Whale Alert. Moreover, this transaction was followed by other massive whale movements, resulting in a total of 350 million Dogecoin (DOGE) tokens being moved from one wallet to another on the Binance exchange.
Experts say that these massive transactions of Dogecoin (DOGE) tokens indicate a spur in Dogecoin (DOGE) purchases, positively influencing the Dogecoin (DOGE) price.
At the time of writing, the Dogecoin (DOGE) token is trading at $0.08, marking a 1.80% increase in the past 24 hours.
Collateral Network (COLT) Presale Surges by 40%
The popularity of the Collateral Network presale has caused the price to surge by 40%, leading investors to flock to the project in search of exponential growth. Experts believe that Collateral Network, an innovative decentralized crowdlending platform, is poised to grow further, forecasted to deliver 3500% gains before the presale ends.
With Collateral Network, individuals that own high value real-world assets like luxury watches, supercars, and real estate can use these as collateral to borrow crypto. While other lending protocols do exist in the crypto space they only lend against digital assets such as other cryptos or Bored Apes. Collateral is unique in that it is bringing off-chain assets to the blockchain and solving issues associated with the traditional lending market using the power of web3.
The platform is global and permissionless, meaning anybody regardless of country can simply connect their wallet and become a lender earning a fixed rate of interest in the process. Effectively you become your own mini bank and have control over who you lend to.
Smart contracts handle the lending process making transactions seamless, discreet and transparent for all parties involved, as all transaction data is on the blockchain.
As a Dogecoin (DOGE) whale buys up $12 million worth of tokens during the recent price drop, the coin rises in price, sending positive signals to its community.
Meanwhile, the COLT presale has surged in popularity as experts are excited by its growth prospects and first mover advantage in the trillion-dollar lending industry, causing more investors to flock to this groundbreaking project.
Explore 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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Source: https://coinpedia.org/press-release/dogecoin-and-colt-cause-a-stir-in-the-crypto-world/