ApeCoin (APE) And Dogecoin (DOGE) Lack Real-World Use Cases Compared To Collateral Network (COLT)

Real-world utility is essential for any crypto project, as use cases often mean easier worldwide adoption. ApeCoin (APE) and Dogecoin (DOGE) have been mainly relying on social media hype. Experts are now taking notice of another project – Collateral Network (COLT).

Currently in Stage 1 of its presale, Collateral Network (COLT) is set to become a fan-favorite among millions of individuals worldwide! With analysts forecasting a massive 3500% price rise over the next quarter.

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ApeCoin (APE)

The top 100 Ethereum (ETH) whales, according to the cryptocurrency whale monitoring website WhaleStats, employed ApeCoin (APE) smart contracts the most during the previous day. Nevertheless, investors in ApeCoin (APE) were unmoved by the commotion around this revelation.

ApeCoin (APE) is trading hands for $4.53, down 2.50% in the past day alone. Furthermore, the ApeCoin (APE) trading volume has similarly dropped by 14% in that same period causing a negative sentiment for ApeCoin (APE). All technical indicators for ApeCoin (APE) are currently showing red, with many experts remaining long-term bearish about the coin.

Due to its lack of utility and growth potential, even ApeCoin (APE) holders are migrating to other projects as the currency is expected to sink to $4 soon.

Dogecoin (DOGE)

Elon Musk, the CEO of Twitter and a well-known Dogecoin (DOGE) advocate, has declared that he is now more interested in artificial intelligence (AI) than he was in crypto. This caused a price drop for Dogecoin (DOGE) in the last week as the sentiment around the coin is growing more bearish.

Currently, Dogecoin (DOGE) has a value of $0.07267, a fall of 1.71% overnight. Not only that, the Dogecoin (DOGE) trading volume has also dropped by 37% and now sits at $492M. The technical analysis for Dogecoin (DOGE) also displays a bearish trend with all technical indicators in the red.

Dogecoin (DOGE) is still just a meme token with limited utility, and experts believe the bearish trend will continue. With Dogecoin (DOGE) possibly falling to its support level of $0.06 soon, investing in other projects with more growth potential would be more profitable in the long run.

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Collateral Network (COLT)

Collateral Network (COLT) is the world's first web3 crowdlending platform for individuals who are looking to unlock liquidity from their physical assets. Borrowers requiring funding can send in valuable off-chain assets, e.g: jewelry worth $10,000.

Collateral Network (COLT) then mints an NFT that represents the physical jewelry meaning the NFT is 100% asset backed. The NFT is fractionalized so that lenders on Collateral Network (COLT) can contribute to the loan with smaller amounts and receive the same rate of interest for helping provide the loan to the borrower.

Through this hybrid infrastructure model, borrowers will be able to unlock liquidity from their assets quickly and seamlessly (usually within 24 hours), while lenders will receive a fixed income paid out weekly.

The native token of the Collateral Network platform is the token, currently in Stage 1 of its presale the value sits at only $0.01. Token holders receive many perks including discounts on borrowing and lending, staking rewards, and governance voting rights on the platform.

With Collateral Network (COLT) bringing together on-chain and off-chain assets and providing a real-world use case scenario, many experts are bullish about the project – some are expecting the token to 35x (3500% increase) to $0.35 per token over the next quarter.