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Even as the cryptocurrency market was flooded with several controversies in 2022, new projects like Collateral Network (COLT) have piqued investors' interest by offering an opportunity to bridge the gap between traditional and crypto finance.
As investors make more and more investment decisions based on the underlying value of a token, cryptocurrencies like tron (trx) and protocol (le) struggle to increase.
Relative to tron (trx) and protocol (le), the collateral network (colt) seems better placed to increase rapidly in 2023. This article looks at what makes Collateral Network (COLT) special and how Tron (TRX) and The Protocol (THE) are performing.
The Protocol (THE) falls 92% from ATH
In October this year, Ethereum Founder, Vitalik Buterin, jokingly suggested that someone should create a meme coin called “THE Protocol.” Like "protocol" is one of the most commonly written or spoken words in the crypto world, Vitalik was kidding that this would give the founders a chance to pretend that their room is spoken whenever someone uses the words "protocol." It is interesting to note that some crypto aficionados have taken Vitalik's joke seriously and have launched The Protocol (THE). But the Protocol (THE) does not have any underlying value.
The Protocol (THE) increased rapidly and dropped in the few weeks following its launch. From CoinMarket's account.Data on caps at the time of writing this document, the Protocol Token (THE) was trading at close to $0.0029, down more than 92% from the historical high (ATH) of $0.039 on October 20, 2022. In the last two weeks of December, the price of the Protocol (THE) jumped by more than 24.7 percent. But analysts are skeptical as to the future of this souvenir piece.
Tron (TRX) witnesses prolonged fall
Unlike The Protocol (THE), TRX is a serious cryptocurrency of Tron, a decentralized blockchain-based operating system developed by the Tron Foundation. According to CoinMarketCap's data at the time of writing, Tron (TRX) was trading at close to $0.054, a 76 per cent decrease from the HTA of $0.23 on January 5, 2018. Should the current market trend continue, it is unlikely that Tron (TRX) will recover in the near future.
Tron (TRX) provides a space for content creators to communicate directly with their audiences. Despite the utilization scenario, the Tron Part (TRX) performed miserably in 2022. He is ranked 12th on CoinMarketCap with his current price lower than that of Dogecoin, a souvenir piece that is currently ranked 8th.
Tron (TRX) also experienced a protracted crash and a few controversies. Recently, a report claimed that Tron founder, Justin Sun, had more than $580 million of Bitcoin (BTC) stashed with Valkyrie Investments, a crypto asset manager, in August.
Collateral Network (COLT) expected to jump 35x
Collateral Network (COLT) is special in many ways. For users who are interested in real-world assets supported cryptography, Collateral Network (COLT) offers a rare opportunity to increase their wealth by investing in fractions of nonfungible tokens (TNT) of physical assets such as property and artwork.
The Collateral Network (COLT) market offers borrowers a platform through which they can communicate directly with lenders. The platform allows users to offer fractional physical assets to potential lenders. Because the price of free trade agreements is low, it becomes easy for anybody to lend. In doing so, the Collateral Network (COLT) allows users to become their own banks where they can lend and borrow real money in complete safety.
Collateral Network transactions are enabled through COLT chips, which are currently priced at $0.01. In particular, COLT chips offer advantages such as staking, governance rights and more. Analysts are expecting that the Collateral Network (COLT) price would jump 35x within six months.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
Disclaimer: This is an information-only sponsored press release. It is not reflective of Crypto Daily's views, nor is it meant to be used as legal, tax, investment, or financial advice.
