Polygon (MATIC) and The Sandbox (SAND) Perform Well, While Collateral Network (COLT) Promises The Biggest Gains
Crypto Networks like Polygon (MATIC) and The Sandbox (SAND) are well-known in the crypto space and have already shown impressive results. Collateral Network (COLT), the new blockchain platform, is currently making waves in the crypto industry and has been projected to see the biggest gains (3500% growth). Here is why you shouldn’t miss out.
Polygon (MATIC)
Polygon (MATIC) has been performing well this year as a result of heavy accumulation by investors, particularly those holding 100,000 to 10 million Polygon (MATIC). This group has been acquiring more Polygon (MATIC) tokens since the beginning of March, historically a sign of an incoming rally. The balance in these wallets has increased by 42 million Polygon (MATIC) worth $48.3 million, indicating bullish expectations.
Retail investors are expected to accumulate Polygon (MATIC) due to the platform’s growing user adoption. The network growth has increased by 330% from 26,000 to 112,000, suggesting that the project is gaining traction, and this momentum could translate into the network’s underlying token.
The Market Value to Realized Value (MVRV) ratio also shows that Polygon (MATIC) is currently in the opportunity zone, meaning it is undervalued, and investors are holding off on selling to accumulate more.
However, the MVRV ratio could shift into the danger zone if investors begin selling their holdings once prices rise, potentially leading to corrections. Nonetheless, MATIC’s price is far from this zone, indicating positive sentiment among investors.
The Sandbox (SAND)
The Sandbox (SAND), a gaming platform within the metaverse, has teamed up with two Hong Kong educational institutions – Hong Kong University of Science and Technology (HKUST) and Hong Kong Design Institute (HKDI) – to create a bridge between education and the metaverse industry.
The partnership coincides with the upcoming launch of Mega City 3, and the schools will use virtual land to educate students about the metaverse. One of the courses in HKDI is called “Metaverse: Creating digital assets in The Sandbox,” where students will learn how to produce digital 3D assets, create animations, and render them using visualization tools for the metaverse.
The partnership with the educational institutions are part of its plan to demonstrate that its metaverse and crypto token, Sand, are not just temporary trends. Despite a decrease in the hype surrounding the metaverse and a drop in cryptocurrency and NFT values over the last year, The Sandbox (SAND) was not significantly impacted by the crypto winter.
The price of The Sandbox (SAND) has been on a bullish run this month and is up over 19%.
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Collateral Network (COLT)
Collateral Network (COLT) is a decentralized finance (DeFi) crowdlending platform that uses AI to value assets and generate algorithmic lending rates accurately. With cheaper rates and more accessible loans, this project has a lot of potential to disrupt the conventional lending market.
One of Collateral Network (COLT) amazing features is its hybrid infrastructure model, which combines on-chain and off-chain assets. This allows for increased liquidity and reduces slippage during trading. The project also offers 2FA security options, making it a safe choice for investors.
Collateral Network’s cross-chain network also means that it can be used with multiple blockchains, further expanding its use cases. The project’s native token, COLT, adds value, as it can be used to access the platform’s ecosystem and pay transaction fees.
While projects like Polygon (MATIC) and The Sandbox (SAND) have already shown impressive results, Collateral Network (COLT) is the one to watch. With its use of AI, hybrid infrastructure model, and cross-chain network, COLT promises to disrupt the lending industry and provide investors with better rates and more accessible loans from their real-world physical assets.
As the cryptocurrency market continues to evolve, it’s essential to keep an eye on promising projects like Collateral Network (COLT), especially as experts predict its price is going from $0.014 to $0.35 by the time presale ends.
Find out more about the Collateral Network (COLT) presale here:
Website: https://www.collateralnetwork.io/
Presale: https://app.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
Disclaimer : The above is a sponsored article and the views expressed are those of the sponsor/author and do not represent the stand and views of The Tribune editorial in any manner.
