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There are winners are losers in cryptocurrency markets. Some coins are declining in value while others are increasing. Now, analysts are recommending selling IOTA (MIOTA) and Dogecoin (DOGE) for the Collateral Network (COLT) presale and with a token price of just $0.01, it’s clear to see why.
IOTA (MIOTA)
IOTA (MIOTA) is a cryptocurrency created by the IOTA foundation. IOTA (MIOTA) is focused on providing decentralized support for Internet of Things (IoT) applications, like smart homes, smart cities and the Industrial Internet of Things.
But, IOTA (MIOTA) doesn’t use blockchain, instead, it utilizes a directed acyclic graph (DAG) system called the “Tangle”. By using Tangle as an alternative to blockchain, IOTA (MIOTA) is able to process transactions faster and at a very low cost.
However, IOTA (MIOTA) has been struggling to gain widespread adoption. The goal of decentralizing the Internet of Things (IoT) by IOTA (MIOTA) is ambitious, and IOTA (MIOTA) is struggling to gain the attention and support of developers. That’s why analysts are recommending holders of IOTA (MIOTA) cash out and take advantage of the Collateral Network (COLT) presale.
Dogecoin (DOGE)
Dogecoin (DOGE) is a cryptocurrency created by software engineers Billy Markus and Jackson Palmer. Dogecoin (DOGE) was originally conceived as a “joke currency” in 2013 but quickly gained traction with users due to its low transaction fees, fast transaction speeds and accessibility.
In fact, Dogecoin (DOGE) has one of the largest communities out of all the altcoins, with holders refusing to sell their Dogecoin (DOGE) despite the bear market. The Dogecoin (DOGE) community is highly active, with the coin being used to raise money for charities and other good causes.
However, with the Dogecoin (DOGE) price down by more than 90% in the past year, holders may want to consider selling their Dogecoin (DOGE) and investing in the Collateral Network (COLT) presale instead. With no clear use case, holding Dogecoin (DOGE) is only worth it in bullish markets where FOMO and speculation are high.
Collateral Network (COLT)
Will is looking to renovate his kitchen, but he only has a Rolex worth $10,000. The good news is that he can use Collateral Network (COLT) to tokenize his Rolex into a fractionalized NFT, and then use that NFT as collateral for a loan.
Will doesn’t need to beg the bank for money, sell his possessions, or take out high-interest loans. Instead, he can use his fractionalized NFT on Collateral Network (COLT) to get the loan he needs and pay it back with minimal interest.
For lenders, the new way of lending by Collateral Network (COLT) is less risky and more efficient. The fractionalization of the collateral means more than one lender can jump in on the same loan, which lowers the minimum amount required for each lender.
The COLT token is the fuel that powers the Collateral Network (COLT) ecosystem. Holding COLT tokens serve as proof of Collateral Network (COLT) membership and grants access to the platform’s exclusive benefits, like reduced trading fees, governance rights and staking rewards.
It’s no wonder that analysts are recommending that holders of IOTA (MIOTA) and Dogecoin (DOGE) cash out to take advantage of the Collateral Network (COLT) presale. If the Collateral Network (COLT) project can gain traction and become widely adopted, it could provide significant returns, specifically an estimated 3500% gain within 6 months, to those that are able to get in early on the Collateral Network (COLT) presale.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
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