As the crypto market experiences mixed performances, Collateral Network (COLT) emerges as a promising contender with its ongoing presale phase, attracting investors with its potential for 35x growth. Meanwhile, established cryptocurrencies such as Dogecoin (DOGE) and Chiliz (CHZ) are struggling to make significant headway, allowing newcomers like Collateral Network (COLT) to capture investor attention.

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Collateral Network (COLT)

Collateral Network (COLT) is redefining the way people borrow money by utilizing blockchain technology to create a seamless crowdlending platform.

By leveraging their valuable physical assets, borrowers on Collateral Network (COLT) can secure loans without the traditional hassles of dealing with banks and other intermediaries. Cars, fine art, diamonds and gold are all examples of tangible items that can be used as collateral for loans.

Using fractionalized NFTs to a borrower's asset, Collateral Network (COLT) enables multiple lenders to each fund different portions of a loan, as the NFTs are fractionalized. Collateral Network's (COLT) innovative approach opens the door to lenders of all backgrounds, allowing them to compete in the lending market and earn a fixed rate of interest.

Collateral Network (COLT) relies on smart contracts to automate and streamline the lending process, cutting down on manual intervention and reducing transaction costs. Collateral Network (COLT) also comes with a utility token, COLT, to facilitate transactions on the platform and grant holders benefits like staking, governance rights, and more.

With Collateral Network (COLT) currently in its presale phase, investors have the chance to grab discounted tokens before the expected 35x growth. Having already surged by over 40% from $0.01 to $0.014, COLT is certainly on a trajectory of significant growth.

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Dogecoin (DOGE)

Initially created as a playful internet joke in 2013, Dogecoin (DOGE) has since become a global phenomenon. In 2021, Dogecoin (DOGE) skyrocketed in value by a staggering 7,000% — reaching a record high of $0.7376.

Despite the hype, Dogecoin (DOGE) has since experienced a significant drop of 88%, landing at a price, at the time of writing, of $0.087 per coin. While Dogecoin (DOGE)'s loyal community remains hopeful for a rebound, market experts express skepticism regarding Dogecoin (DOGE)'s future prospects.

The value of Dogecoin (DOGE) is highly susceptible to the whims of influential figures like Elon Musk. For example, Elon Musk recently implemented the Dogecoin (DOGE) logo on Twitter, which caused the Dogecoin (DOGE) price to instantly surge by 20%.

However, once again, Dogecoin (DOGE) fell sharply in value shortly after the hype died down, demonstrating that Dogecoin (DOGE)'s future is far from certain.

Chiliz (CHZ)

Chiliz (CHZ) is a fan engagement platform that allows users to purchase "fan tokens" to show their support for specific sports teams. The value of Chiliz (CHZ) rose from $0.02 to $0.94 throughout 2021 — a huge gain of 4600%.

However, Chiliz (CHZ) has since dropped back to $0.12, which represents a fall of more than 85%. Market experts attribute Chiliz (CHZ)'s sharp decline in value to the over-hyping of Chiliz (CHZ) as an industry-defying asset, which resulted in a "bubbly" market and an inevitable crash.

While Chiliz (CHZ) is partnered with the likes of FC Barcelona and Manchester City, the Chiliz (CHZ) token utility isn't enough to sustain a market cap in the billions. Market analysts foresee Chiliz (CHZ) ranging between $0.10 and $0.15, with a bullish breakout leading to $0.30.

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