Dogecoin (DOGE) Spikes After Logo Change On Twitter, Collateral network (COLT) Price is set to Increase by 3500%, Whilst Hedera (HBAR) Price Loses Steam

Twitter recently changed its logo to the Dogecoin (DOGE) icon, causing a spike in the price of the meme coin. In a similar fashion, Collateral Network (COLT) is also gearing up for a massive pump; however, Hedera (HBAR) has continued to fall in value, still a victim of the bear market in the crypto world.

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Collateral Network (COLT)

The lending industry is one of the leading industries in the world today, and Collateral Network (COLT) is set to revolutionize how it works.

Imagine this scenario: you own a business and require capital to deploy a particular project. If all you have is an antique watch your granddad gave you or any other valuables, Collateral Network (COLT) can help you by allowing you to borrow against the watch, which becomes the loan collateral.

In a nutshell, you get the watch, or whatever valuable you wish to borrow against, on Collateral Network (COLT), where experienced staff will value the item accurately. After it is valued, Collateral Network (COLT) will mint an NFT equivalent of the watch and fractionalize it.

If the watch is worth $10,000, the fractionalized pieces will only contain a fraction of the total worth. Collateral Network (COLT) lends investors fractionalized pieces for a predetermined interest rate.

After the principal loan and interest are paid, the NFT will be burned, and the watch will be redeemed from the vault. This is called fractional lending, an innovative approach to lending that leverages NFT and DeFi technology.

Lending is a big part of the Collateral Network (COLT), but it is not the only function the ecosystem has to offer. The Collateral Network (COLT) ecosystem will debut on the Ethereum blockchain. However, it will have its native token named COLT.

Users and holders of this token will reportedly be blessed with several benefits, including exclusive access to exclusive auctions, lower borrowing costs, and discounts on trading fees as a crowd lender.

The Collateral Network (COLT) token has been trading around $0.01, and this may be the cheapest it will ever be as experts now believe a pump may take it as high as $0.35.

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Dogecoin (DOGE)

Dogecoin has seen a lot of drama thanks to the interest of a certain multi-billionaire. In April 2022, the price of Dogecoin (DOGE) skyrocketed following Elon Musk's Twitter takeover, as many hoped that he would somehow integrate Dogecoin (DOGE) into the social media giant's operations.

Of course, this did not happen, and true to its meme coin nature, the price of Dogecoin (DOGE) fell again. Since then, the price has continued to fluctuate, but this April, Musk gave hope to the community when he changed the Twitter logo to the Dogecoin (DOGE) logo.

This triggered a pump, and at the time of writing, Dogecoin (DOGE) token value rests just above $0.09 with many bullish vibes going around. What is Musk up to, and how will it affect DOGE?

Hedera (HBAR)

Hedera (HBAR) is the native cryptocurrency of Hedera Hashgraph, a platform that is recognized as an alternative to traditional blockchain technology in terms of speed, efficiency, and security.

Like many other cryptocurrencies, the Hedera (HBAR) token has taken a lot of hits in the bear market.

Hedera (HBAR) is currently down 88% from its all-time high of $0.5701, and since the bear market is far from over, many speculate HBAR will continue to fall. It is currently worth $0.066 with a declining trade volume, so those speculations may not be wrong.

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