A lot is happening in the crypto market. Decentraland (MANA) is geared up for the end edition of Metaverse Fashion Week. VeChain (VET) is plunging downwards at an alarming rate. Then, there is Collateral Network (COLT), making waves in the industry as the first crowdlending crypto and NFT platform ready to show a 35x times increase in price.
VeChain (VET) Sliding into a Bearish Trend
VeChain (VET) is a versatile enterprise-grade platform developed to handle data hurdles for global organizations. The native token for VeChain (VET), VET, had a bullish trend in mid-2021 and early 2022. However, the VeChain (VET) price began its downward move last year.
The current price pattern of VeChain (VET) is troubling the market bulls, who are betting on crucial support to provide some relief. However, VeChain (VET) seems to be turning bearish.
The VeChain (VET) price was around $0.02486 on 7th March, after which it continued to fall. The VeChain (VET) token got as low as $0.019 on the 10th, though it is currently at $0.02359 after showing an increase in the last 24 hours. If VeChain (VET) sustains the rise, it can gain by 25% to reach $0.025. But according to the present data, VeChain (VET) is more likely to slip to $0.017.
Can the Metaverse Fashion Week on Decentraland (MANA) Boost the Token Price
Decentraland (MANA) announced the second edition of Metaverse Fashion Week from the 28th to the 31st March. Top designers like Vogue Singapore, Dolce & Gabbana, and others will be seen on the Decentraland (MANA) Metaverse. The participants can also buy assets on the Decentraland (MANA) platform, and make NFT-backed payments.
While this news has excited Decentraland (MANA) fans, the token’s price is causing some concerns. The Decentraland (MANA) token has been struggling for more than a month. The Decentraland (MANA) price rose above the $0.060 mark on 7th March but couldn’t sustain for long. The Decentraland (MANA) token is at $0.5858, at press time.
Fans are hoping for Decentraland (MANA) to gain an upward trend in the coming days. However, experts believe that Decentraland (MANA) may take a long time to get close to its all-time high over the $5 mark.
Collateral Network (COLT) is Attracting Investors with Unique Offerings
Collateral Network (COLT) is an Ethereum-powered platform that connects cryptocurrency borrowers and lenders. With Collateral Network (COLT), anyone can use real-world physical assets as collateral, and obtain liquidity from them. You can secure loans from Collateral Network (COLT) within 24 hours. Assets that can be used as collateral on this cross-chain network which range from real estate to fine wines.
Collateral Network (COLT) is beyond geographical boundaries. A lender and a borrower from different parts of the world can finalize the terms of the loans on Collateral Network (COLT), without any third-party intervention or specific financial history. The value of physical assets for loans is determined by the Collateral Network (COLT) internal team, with the help of artificial intelligence.
The platform boasts a cutting-edge 2FA security feature to generate liquidity from the assets which will be represented by minted fractionalised NFTs which lenders will lend money towards in order to raise the funds for the loans for borrowers at a fixed rate of interest and time scale.
COLT tokens will be used to run the ecosystem of Collateral Network (COLT), which has three elements, Marketplace, Auctions and Crowdlending. You can get your presale COLT tokens at $0.01, and get a profit of 3500% in the coming six months. Presale COLT tokens provide special benefits like 50% bonus tokens, and access to the VIP members club. Only 38% of the total COLT tokens will be available during the Collateral Network (COLT) presale.
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
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