The Metaverse industry has become one of the most highly anticipated in the world. It’s attracted the attention of global corporations, celebrities, and millions of players who interact using games like Decentraland (MANA) and The Sandbox (SAND). As these two compete for Metaverse dominance, Collateral Network (COLT) has surged in value by 40%, hitting a new all-time high in the process.
Decentraland (MANA) Trading Volume Drops After Price Decline
Decentraland (MANA) is one of the most popular Metaverse games in the market. The project currently has over 300,000 players and has recently launched a new world within its Metaverse, consisting of wizards and magic.
Decentraland (MANA) has also hosted a number of events over the past few months. One such event was the High Spirits™ Official Metaverse After Party, following the official Metaverse Fashion Week. This event attracted thousands of Decentraland (MANA) players and showcased how Decentraland (MANA) can be used to connect people via digital events.
Despite its use cases growing, Decentraland (MANA) has decreased in price by 9.34% in the last month. One Decentraland (MANA) token is currently selling for $0.5346, with trading volume hitting $63 million, half of what it was just one week prior.
The Sandbox (SAND) Declines With General Market
Although Decentraland (MANA) has decreased in price, The Sandbox (SAND) isn’t performing better. Despite having a larger player base than Decentraland (MANA), The Sandbox (SAND) has failed to capitalize on recent trends.
Over the past month, The Sandbox (SAND) has decreased in price by 9.83%, with one token currently selling for $0.5702. This has left The Sandbox (SAND) token holders disappointed with their returns and has caused trading volume to decline over the last seven days.
With general market trends continuing to look bearish, The Sandbox (SAND) and Decentraland (MANA) look to be at a stalemate, with The Sandbox (SAND) performing slightly worse in April.
Collateral Network (COLT) Hits New ATH During Stage One Of Its Presale
Unlike Decentraland (MANA) and The Sandbox (SAND), Collateral Network (COLT) has remained unaffected by market trends. The exciting new crowdlending platform stands alone in the crypto space with its unique lending protocol. The price has already increased 40% since the presale began, rewarding early investors while attracting thousands of new ones in the process.
Collateral Network provides borrowers with quick access to loans on the blockchain backed by real-world physical at extremely competitive rates. This is achieved by minting NFTs backed by the owners’ physical assets. Collateral Network accepts a variety of physical assets as collateral, including art, fine wines, real estate, jewelry, and luxury watches. Each NFT is fractionalized, allowing investors to become lenders no matter their budget, as they can buy as many fractions as they wish to fund one single loan. As a result, lenders become their own mini banks, building their own portfolios of loans.
With a fully doxxed team and huge potential to disrupt the multi-billion dollar lending industry, market experts believe that Collateral Network could offer returns of 3500% to early investors, boosting their portfolios while revolutionizing an outdated market. The COLT token’s current price is $0.014.
Find out more about the Collateral Network presale here:
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