Looking for some new springtime investments in the cryptocurrency market? Check out Zcash (ZEC), The Sandbox (SAND) and Collateral Network (COLT). While Zcash (ZEC) and The Sandbox (SAND) have had some setbacks, COLT is gaining traction as a hot investment opportunity with a price of only $0.01.
Zcash (ZEC) gets exposed to vulnerabilities causing users to bear losses; the price drops to $38.03
Zcash (ZEC) is a privacy and anonymity-based decentralized crypto project. However, the discovery of possible vulnerabilities in various crypto platforms, including Zcash (ZEC), has concerned its users.
Halborn engineers checked the Zcash (ZEC) network, and other speculated crypto projects. The recent report suggests that Zcash (ZEC) could be at risk of an attack where hackers can send consensus messages to unpatched blockchain nodes through peer-to-peer communication, taking them offline.
If a hacker takes down enough Zcash (ZEC) nodes offline, they could execute a 51% attack, allowing them to carry out a double-spend attack. It can cause various types of damage to the Zcash (ZEC) network.
Zcash (ZEC) announced a new update release to address this vulnerability. However, it’s said that Zcash (ZEC) is not likely to be the victim of these vulnerabilities as it runs its independent nodes. Currently, Zcash (ZEC) token is selling at $38.03, which is a 6.59% drop in the last 24 hours.
The Sandbox (SAND) platform slows down; the price falls over 8%
The Sandbox (SAND) is a gaming platform that combines the gaming industry with blockchain technology. It allows players to create and sell virtual assets using non-fungible tokens (NFTs) across The Sandbox (SAND) network. The platform uses a play-to-earn model, which means players can earn valuable digital assets by contributing to the in-game economy of The Sandbox (SAND).
The platform follows the concept of the decentralized autonomous organization (DAO), which makes The Sandbox (SAND) a community-driven decision-making system. Only a few developments have been reported across The Sandbox (SAND) project for a long while now. It has caused The Sandbox (SAND) price to drop significantly since November 2021.
However, a few investors are taking advantage of the opportunity to invest in The Sandbox (SAND) platform, which is available at a lower price. But, those looking for an investment with a potential growth trajectory are avoiding investing in The Sandbox (SAND). Currently, the token is trading at $0.6115, which is 9.04% down within a day.
Collateral Network (COLT) offers enticing discounts causing more investors to join the project
Collateral Network (COLT) has introduced an entirely new infrastructure model of crowdlending that considers real-world assets as collateral. Collateral Network (COLT) allows borrowers to get loans without selling their property. Collateral Network (COLT) allows you to take a loan against your physical assets. The artificial intelligence-based decentralized platform of Collateral Network (COLT) also ensures accuracy and transparency.
Suppose you need just $5,000 for any personal expenses, and you do not want to break into your savings. But you have a collection of fine wines. Then, Collateral Network (COLT) is your solution. Collateral Network (COLT) can mint fractionalised NFTs against your fine wines, and sell them in an open, decentralized market.
Lenders can buy the fractionalised NFTs for a small amount of money on an already agreed fixed interest rate and time scale, and the money will fund the loan for you within 24 hours. This way you can meet your expenses without putting pressure on your savings and selling your assets. Borrowers will then need to repay the loan back to the lenders and if this defaults, the asset is then repossessed and sold at auction.
Borrowers on the Collateral Network (COLT) can also get significant discounts on interest rates and borrowing fees. Lenders get to earn a fixed weekly income on Collateral Network (COLT). Besides, all COLT token holders will get staking bonuses and voting rights on the network. The initial coin offerings of COLT tokens have begun at $0.01. However, COLT is expected to rise by 3500% by the end of the presale round.
Find out more about the Collateral Network presale here:
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