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Sandbox (SAND) and Decentraland (MANA) have established themselves as the premier platforms for metaverse experiences. Although the recent crypto downturn has caused prices on both platforms to drop, will we see a surge in April?
Elsewhere, the crypto community is more bullish on Collateral Network (COLT), a new Web3 challenger lender, currently in its presale stage and set to surge by over 3500%.
Summary
Collateral Network (COLT)
Collateral Network (COLT) is causing a stir in the crypto world. Experts are predicting an explosive 3500% growth for the Web3 peer-to-peer lending platform, and it’s not hard to see why.
At its core, Collateral Network (COLT) is a decentralized crowdlending platform that allows borrowers to use their physical assets, such as real estate, fine art, luxury supercars or watches as collateral to secure loans. They don’t have to sell these assets outright; Collateral Network keeps them in a vault for the duration of the loan. Then, these assets are minted into NFTs and fractionalized, allowing smaller investors to lend money against fractions of the NFT. As a result, these lenders can build a diversified portfolio of loans, earning a fixed rate of interest on each.
Lenders receive a weekly passive income as a result. If borrowers fail to repay the loan fully, the Collateral Network (COLT) will auction the distressed assets to ensure the invested money is returned to the lenders.
Let’s not forget about the COLT token, which gives its owners a lot of benefits. Some of these include cheaper borrowing costs, access to private auctions, and rewards for voting and staking as well as discounts. With the COLT token sold at $0.014, up over 28% in a matter of weeks from its initial price of $0.01 in its presale stage, now is the perfect time to get in on the action before the presale sells out and surges by over 3500%.
Sandbox (SAND)
Sandbox (SAND) has had a rough few weeks. Its daily active users have remained inconsistent, causing Sandbox (SAND)’s price growth to slow down. However, the Sandbox (SAND) team has recently announced new partnerships with over 40 brands ahead of its Mega City 3 launch this month. This announcement could help trigger Sandbox (SAND) to start a new growth phase.
It remains to be seen whether these partnerships will be enough to boost user adoption and improve the value of Sandbox (SAND) tokens. There is still a chance that the Sandbox (SAND) bulls could invalidate the negative stance if the price can exceed $0.71.
Decentraland (MANA)
Decentraland (MANA) has been making some exciting moves lately. On March 28, the highly anticipated Metaverse Fashion Week kicked off, causing a surge in Decentraland (MANA)’s price.
Investors feel confident about the future of Decentraland (MANA), with on-chain data showing that long-term holders are becoming more optimistic. This is indicated by the increasing Mean Coin Age, which tracks the average number of days current investors have held onto their Decentraland (MANA) tokens.
Decentraland (MANA) did experience a decline in its Network Value to Transaction Volume ratio. This suggests that the Decentraland (MANA) token may be undervalued and due for an upswing. With a clear path to $0.70, investors should keep an eye on Decentraland (MANA).
Find out more about 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
*This article was paid for Cryptonomist did not write the article or test the platform.
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