Since it was first founded in 2017, TRON (TRX) has been a controversial project. Despite this controversy, TRON (TRX) has offered great returns in 2023, in which its price increased from $0.053 to $0.06615. However, recent uncertainty regarding the project’s founder, Justin...
Since it was first founded in 2017, TRON (TRX) has been a controversial project. Despite this controversy, TRON (TRX) has offered great returns in 2023, in which its price increased from $0.053 to $0.06615. However, recent uncertainty regarding the project’s founder, Justin Sun, has pushed investors too far, causing many to sell and buy one of the market’s fastest growing crypto opportunities instead.
What is TRON (TRX)?
TRON (TRX) is a popular cryptocurrency throughout the Asia crypto market and Asia-based exchanges. Early on, TRON (TRX) launched a number of successful advertising campaigns to draw awareness of the project and DeFi. Within a year, TRON (TRX) had purchased BitTorrent and recently announced that it would be creating the very first Dominica Metaverse.
Alongside this metaverse, TRON (TRX) will launch the Dominica Digital Identity (DDID) and Dominica Coin (DMC) projects, potentially revolutionizing how individuals interact with DeFi in the Caribbean.
Over the past week, TRON (TRX) has decreased in value by 0.69%, with one TRON (TRX) token, at the time of writing, selling for $0.06615. While it has outperformed much of the crypto market, the project faces uncertainty after its founder has been sued by the SEC.
The SEC has accused Sun of securities fraud, which has caused TRON (TRX) and several of his other companies to decrease in price. As the investigation continues, it’s unlikely that TRON (TRX) will surge in value, as any negative news could cause a crash.
How Does This New Crypto Opportunity Offer More Certainty?
With uncertainty becoming an issue for TRON (TRX) investors, many are buying into a new crypto opportunity that offers greater stability. The project is called Collateral Network (COLT) and is designed to apply DeFi technology to asset-backed lending.
With Collateral Network, individuals will be able to liquidate high-worth assets such as watches, cars, and fine art without needing to sell them for good. Instead, they can raise a loan by creating an asset-backed NFT, backed 1-to-1 by their asset. This NFT is fractionalized and can be purchased by lenders who will earn a fixed passive income until the loan is paid off.
Collateral Network (COLT) is currently selling its native token, COLT, for $0.014 during its presale. COLT tokens have already increased in price by 40% in the last month, though they’re expected to increase by 3500% during the project’s presale.
Why Does Collateral Network (COLT) Offer Better Stability?
Although still a new project, Collateral Network (COLT) showcases a number of advantages over traditional crowdlending. Firstly, all transactions are completely secure and transparent, with all asset data being stored on-chain to make it irrefutable.
Secondly, using Collateral Network (COLT), individuals can liquidate their assets in just 24 hours, and their credit is never impacted by their borrowing.
Lastly, Collateral Network (COLT) is extremely secure. It’s been fully vetted, offers 2FA security options, and if a loan defaults, the asset will be sold at auction to recover all funds.
Conclusion
With uncertainty becoming an ever-growing issue in the market, Collateral Network is in a strong position to capitalize and quickly gain traction. Experts predict that after a rise of 35x during its presale, Collateral Network could surge an additional 100x once the project hits major exchanges.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk