Dogecoin (DOGE), the world’s largest memecoin, has experienced steady price decreases following a general market decline. After surging in value following the launch of the Spacex Starship, Dogecoin (DOGE) has hit its lowest price in two weeks. However, as the market declines, Collateral Network (COLT) has rallied, with a 40% price increase during its presale.
Dogecoin (DOGE) Price Drops Almost 9% In 24 Hours
Dogecoin (DOGE) experienced a poor start to 2023. While many tokens rose, Dogecoin (DOGE) growth remained slow. This trend continued until this April when Dogecoin (DOGE) increased from $0.0623 to a high of $0.0845. However, it has since declined, decreasing by 8.20% at the time of writing.
The 24-hour price chart for Dogecoin (DOGE). Source: CoinMarketCap
Although Dogecoin (DOGE) has dipped in the last 24 hours, it has still outperformed many cryptocurrencies over the last week. Dogecoin (DOGE) is down by 6.56% in the last seven days, while Polygon (MATIC) is down by 11.33%, Bitcoin (BTC) is down by 8.66%, and Ethereum (ETH) is down by 8.93%.
Nonetheless, with no signs of the market decline slowing, Dogecoin (DOGE) trading volume has decreased, and some investors are selling to limit losses.
Collateral Network (COLT) Offers A Strong Alternative To Traditional Cryptos
As price increases throughout the DeFi market begin to slow and projects like Dogecoin (DOGE) decline in value, Collateral Network (COLT) is looking like a better investment than ever before.
Collateral Network (COLT) is a decentralized crowdlending platform that has already jumped in price by 40% during its presale. Since the start of February, Collateral Network (COLT) has increased in price by $0.01 to $0.014, with experts predicting the project to hit $0.0168 once 120,000,000 COLT tokens have been sold.
Collateral Network (COLT) already has investors excited for several reasons. Aside from potential returns of 3500%, Collateral Network (COLT) looks to disrupt the crowdlending market with DeFi technology. With Collateral Network (COLT), individuals can take out loans against their physical assets on the blockchain.
Collateral Network (COLT) mints a physical-asset-backed NFT, which is fractionalized so multiple lenders can fund a single loan by buying fractions of the NFT. Each NFT is valued by artificial intelligence (AI) to guarantee accuracy and generate algorithmic lending rates.
The platform will let borrowers liquidate several assets, from cars and real estate to fine art and jewelry. To incentivize lending, lenders will receive a fixed passive income, which will be agreed upon before the contract begins.
Collateral Network (COLT) tokens can be purchased now for $0.014 on the Official Collateral Network Website. Accepted cryptocurrencies include BTC, ETH, BNB, and DOGE.
As the hype around Dogecoin (DOGE) dies down, the Collateral Network (COLT) community continues to grow. With its presale price expected to rise soon, $COLT is a great opportunity to get involved in a project that could revolutionize crowdlending.
Find out more about the Collateral Network presale here: