Decentralised virtual worlds have become increasingly popular in recent years, with Decentraland (MANA) and The Sandbox (SAND) being among the most notable projects in this crypto space. However, a new player has emerged, Collateral Network (COLT), which is currently in its presale phase with a token price of $0.014, attracting the attention of MANA and SAND holders.
Over the last few years, the Decentraland (MANA) coin has seen a sharp increase in recognition, driven by the expansion of the virtual reality industry and the growing demand for decentralised services. The price of the Decentraland (MANA) cryptocurrency on March 29th 2023 was $0.5821.
Because of its ambitious plan for a user-owned, decentralised online universe, Decentraland (MANA) has received much attention. But despite the project’s excitement, the MANA token price has remained relatively low.
The Decentraland (MANA) cryptocurrency has been consolidating in a smaller range in recent weeks, indicating that a breakout could happen soon. The technical metrics show a bullish projection for Decentraland (MANA) as we approach April 2023.
The market shows signs of a bullish crossover as the moving averages indicate that Decentraland (MANA) is neither overbought nor oversold. The relative strength index (RSI) is hovering around the 50 levels.
Decentraland (MANA) also recently passed through significant resistance at $0.55; if it can keep up this upward trend, a surge toward the $1.99 level may be feasible.
The Sandbox (SAND)
Recent data loss at The Sandbox (SAND) has users worried about their virtual assets on the platform. The Sandbox (SAND) claims that a licensed third-party accessed one of the workers’ devices and sent a few individuals phishing emails.
The latest security breach could make The Sandbox (SAND), which has already been losing money, even worse. Users can build and exchange digital game-based assets in a virtual space called The Sandbox (SAND).
The Sandbox (SAND) was introduced as a fully integrated metaverse entertainment system that enables players to own and exchange their in-game assets. Meanwhile, the Sandbox (SAND) price has decreased 29% over the last 30 days. The Sandbox (SAND) can, at the time of writing, be purchased for $0.6892, a price that’s 91.8% less than the record-breaking high of $8.44.
According to crypto analysts, the average price of The Sandbox (SAND) in April 2023 might be around $0.79992, with a minimum of $0.769923 and a maximum of $0.819918. As of April 1st 2023, The Sandbox (SAND) price increased by 1.54% in 24 hours.
Collateral Network (COLT)
Collateral Network (COLT) is a next-generation DeFi crowdlending platform that lets anyone borrow against their physical assets through NFTs. Collateral Network (COLT) caters to the needs of lenders and borrowers globally. It allows anybody to borrow money by using their physical assets as collateral. COLT provides access to lending without the need for traditional financial institutions.
Borrowers are no longer required to endure long wait times and background checks. Fractionalised NFTs that are 100% asset-backed by representing the physical assets are issued by Collateral Network (COLT) in exchange for assets borrowers hold. Real estate, fine art, classic vehicles, gold, expensive wines, timepieces, diamonds and collectibles are all on the list of these items. These NFTs allow lenders to finance loans while earning a fixed interest rate.
The lending business has been upended by Collateral Network (COLT), which also introduced a brand-new loan approach. Collateral Network (COLT) has no regional restrictions. It is an open marketplace without restrictions and with institutional-level liquidity.
The Collateral Network (COLT) environment, which consists of three components, Auctions, Marketplace and Crowdlending, will be powered by COLT tokens. Additionally, presale COLT investors will enjoy several advantages, such as voting privileges on crucial issues, reduced loan and trading costs, staking and entry into the VIP members group.
The Collateral Network (COLT) presale started with an initial offer of $0.01 but has now increased to $0.014 in stage 2, with predictions of a 35x increase in price over the next few weeks – a fascinating possibility for investors.
Read more about the COLT presale here:
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