Experts: Add Collateral Network to portfolio as Gala & The Sandbox fail to give profit
The crypto world is struggling to come out of a prolonged bearish phase, so it has received major support from Collateral Network (COLT). Collateral Network is projected to grow by 3500% before its presale ends. Hence, experts recommend Collateral Network over the loss-making Gala (GALA) and The Sandbox (SAND).
Gala (GALA) launches new version of its tokens
A few weeks ago, Gala revealed that it would be airdropping a new version of its native token on May 15. Launching a new version of Gala tokens is a part of the metaverse-focused project’s recent strategy to revamp its ecosystem. According to the official notification, version 2 of Gala tokens will be airdropped on a 1:1 basis to holders of the current crypto version.
However, the latest announcement has not been able to boost investors’ confidence in Gala. The price of Gala (GALA) has plummeted by 12% in the past week. Consequently, the trading price of Gala has come down to $0.0363. Meanwhile, Gala developers have been working on a broader upgrade, which will secure the platform and introduce burn mechanisms.
The Sandbox (SAND) partners with gamer arena
The Sandbox has formed an exclusive collaboration with Gamer Arena, which is a Turkey-based top gaming platform. Under this partnership, The Sandbox will enable gamers to try out their areas of expertise inside its metaverse. Besides, The Sandbox and Gamer Arena will organize and promote multiple virtual events to enhance its community integration and attract more users to the network.
Earlier, The Sandbox had partnered with Ledger Enterprise to strengthen its security measures. The Sandbox has been actively pushing to sign new partnerships to improve its price trajectory, which has been tumbling for the past many weeks. The price of The Sandbox (SAND) has fallen by 10% in the last month. Thus, at the time of writing, The Sandbox is trading at $0.55.
Collateral Network (COLT) presale attracts hordes of investors
Collateral Network has created an innovative Web3 platform that enables people to unlock liquidity from their physical assets, like vintage cars, diamonds, fine art, luxury watches, and more. Collateral Network (COLT) has fixed many issues that were impeding the growth of the credit market, like less accessibility, higher interest rates for borrowers, complex regulations, and geographical barriers.
Collateral Network’s internal team runs a value check on the assets with the help of an AI-based mechanism. Next, it mints the assets into NFTs, fractionalizes them, and stores them in secure vaults. People who lend through Collateral Network (COLT) can buy fractional NFTs from a decentralized, open marketplace.
Collateral Network (COLT) provides loans to borrowers at a competitive interest rate. At the same time, lenders can become their own mini-banks and earn passive income weekly.
The first stage of the Collateral Network’s (COLT) presale phase is ongoing, where the tokens can be purchased at $0.014. COLT tokens’ value is expected to reach $0.35 by the conclusion of the presale round and is predicted to multiply 100x after hitting leading crypto exchanges.
For more information on Collateral Network, visit the website, join the presale, or join the community for regular updates.