Tezos (XTZ) and Dogecoin (DOGE) Aren’t Rallying Anymore Collateral Network (COLT) Price Continues To Rise In Presale Run

Investors never lose sight of projects with tangible utility as it offers the best, and guaranteed returns. Therefore, when Collateral Network (COLT) launched its presale with tokens available at a price of just $0.01, bulls started accumulating the tokens aggressively. Subsequently, Collateral Network (COLT) has already raised about $250k in the first few weeks of its presale. On the contrary, Tezos (XTZ) and Dogecoin (DOGE) have failed to do well.

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Tezos (XTZ) Launches New Update To Mumbai Protocol

As Tezos (XTZ) is trailing behind other cryptocurrencies on the growth chart, it recently introduced new developments to gain investors' attention. A new update for the Tezos (XTZ) Mumbai Protocol is a significant development for the project. Tezos (XTZ) has released many updates in recent weeks, including last week's upgrade pertaining to the TzKT Explorer.

The Tezos (XTZ) community believes that these developments may stop its prices from falling further. The value of Tezos (XTZ) has dipped by 9% on the weekly chart. In the past 30 days, Tezos (XTZ) has plummeted by 10%. Tezos (XTZ) is currently trading at $1.12, which is 90.8% below its peak of $12.19. By market capitalization, Tezos (XTZ) is in the 52nd position.

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Dogecoin (DOGE) Launches Upgrade In Response to Shiba Inu's Shibarium

After the launch of Shiba Inu's (SHIB) Shibarium, the Dogecoin (DOGE) community was actively demanding an upgrade from its developers. In response to these demands, Dogecoin (DOGE) developers have announced the launch of "lib-dogecoin 0.1.2." The new update aims to make Dogecoin (DOGE) more user-friendly, and interoperable. With this upgrade, Dogecoin (DOGE) aims to redirect market attention from Shiba Inu's (SHIB) Shibarium to its network.

However, the price of Dogecoin (DOGE) has not responded positively to these developments. The market value of Dogecoin (DOGE) has plunged by 4% in the past week. Moreover, Dogecoin (DOGE) has plummeted by 13% in the past month. Dogecoin (DOGE) is currently changing hands at $0.09551, about 87.1% below its peak of $0.74.

Collateral Network (COLT) Powers Through To 3500% Growth

Collateral Network (COLT) has launched a hybrid crowdlending platform that has revolutionized the concept of peer-to-peer lending against real-world assets. Collateral Network (COLT) is a cross-chain network that has merged blockchain technology and physical assets to facilitate lending. Due to its unique use case, Collateral Network (COLT) has raised about $250k in the first few weeks of its presale.

Collateral Network (COLT) accepts and authenticates borrowers' physical assets like fine art, rare whisky, supercars and more as collateral, mints NFTs that represent the assets, fractionalizes them, and enables lenders to lend funds by purchasing these digitized NFT fractions of the real-world items with small sums of money to raise the funds for the loans for borrowers. The network stores the assets in secure vaults.

After settling their loans back to the lenders, borrowers can redeem their tangible assets, however, if they fail to settle their loans, the asset will be sold at auction to allow lenders' to receive their money back through the sale of the asset.

Anyone who wishes to borrow on Collateral Network (COLT) can obtain loans at competitive interest rates and Collateral Network (COLT) helps borrowers take a loan against their tangible assets and unlock cash from their assets within 24 hours, without impacting their credit history. Lenders can fund loans for borrowers at pre-agreed fixed interest rates and also earn a passive income from lending towards the assets which will be paid out weekly.

All transactions on Collateral Network (COLT) are supervised by smart contracts. Hence, the network eliminates the need for middlemen, bringing the transaction fees down and mitigating fraud.

Collateral Network (COLT) is powered by COLT tokens, and COLT holders will receive a range of benefits, including voting rights, discounts and staking rewards. The current market value of COLT tokens for the ongoing first presale phase is $0.01, and is expected to see a surge of 35x by the end of the 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