Although its founder is in a legal dispute with the U.S. Securities and Exchange Commission (SEC), the value of TRON (TRX) has remained steady. In the last month, TRON (TRX) has increased in price by 4.35%. However, investors are now moving towards a new altcoin that’s expected to rise by 3500% in the next few months.
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What is TRON (TRX)?
TRON (TRX) was created by the Tron Foundation in 2017 and was initially designed to give digital creators full ownership of their work. The project was heavily advertised throughout the Asiatic market and quickly gained traction, buying BitTorrent to continue its expansion.
Although it still supports digital creators, TRON (TRX) recently announced that it will play a crucial role in the development of the first Dominica Metaverse. This Metaverse is designed to speed up DeFi usage throughout the Dominican Republic and will work with two other initiatives built by TRON (TRX): The Dominica Digital Identity (DDID) and Dominica Coin (DMC) projects.
While many cryptocurrencies have fallen by over 10% in the last week, TRON (TRX) has increased in value by 1.69%, with one token selling for $0.06707 at the time of writing. This suggests that TRON (TRX) remains unphased by recent controversy regarding its founder Justin Sun. Nonetheless, investors are focusing on a lucrative new altcoin to boost their portfolios, with many already profiting from a price increase of 40%.
Why Has This New Altcoin Caught The Attention of TRON (TRX) Holders?
Though it remains stable, not all investors are convinced that TRON (TRX) will bounce back in 2023. As a result, they’re choosing to buy tokens of one of the DeFi markets’ fastest-growing presales.
Collateral Network (COLT) is the world’s first DeFi project designed around crowdlending. With a doxxed team and long-term roadmap, Collateral Network (COLT) looks to help borrowers unlock liquidity from their physical assets by bringing them on-chain.
This is made possible through the clever application of blockchain and NFT technology. To begin, assets are sent to Collateral Network and minted as NFTs. The NFTs are fractionalized to enable multiple investors on the platform to fund loans with smaller amounts of capital by buying fractions of the NFT to become lenders. Lenders generate a fixed passive income and borrowers are able to raise capital against their asset without needing to sell it.
Collateral Network has already attracted thousands of investors during its presale, with the price increasing from $0.01 to $0.014 in just a few weeks. Should it continue on its current trajectory COLT tokens could hit $0.35 by the time the presale concludes.
Having already offered higher returns than TRON, COLT is taking the altcoin market by storm. Market analysts believe Collateral Network could surge an additional 100X once it’s listed on major exchanges worldwide like UniswapFind 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