VeChain (VET) Crashes By 10% As Investors Flock to XRP and Collateral Network (COLT)
After a recent drop of 10%, VeChain (VET) investors are now flocking to Ripple (XRP) and Collateral Network (COLT) which hold better promise for growth. Collateral Network is currently in the first stage of presale with COLT price having gained by 40% so far.
In this post we look at VeChain’s recent crash and why its investors are now turning to XRP and Collateral Network for more gains.
VeChain (VET) Disappoints Investors with a 10% Decline
VeChain recently dropped by 10%, sending its investors looking elsewhere for better alternatives. VeChain is a layer 1 platform for dApps and smart contracts. VeChain leverages the popularity of Internet of Things (IoT) to solve many connectivity problems in the industry.
However, VeChain has been underperforming in the market lately. VeChain is currently trading at $0.019225 with a trading volume of $33,549,797 in the last 24 hours. The price of VeChain (VET) has dropped by 10.42% in the last 7 days.
XRP Set to Make Gains in May
Compared to VeChain, XRP looks poised to reward investors with more gains in the next half of the year. XRP is a decentralized payment network used in both digital and mainstream financial sectors.
XRP enables financial institutions to make faster and cheaper transactions in a matter of seconds. It has grown thanks to partnerships with a host of financial institutions. One of its flagship projects, RippleNet is used by many institutions as a faster and cheaper alternative to the SWIFT system.
Ripple is powered by XRP – its native token. The price of XRP has been growing due to increased use of RippleNet in processing international payments. However, in the month of March, XRP lost its bullish momentum after surging to $0.54. Recent price corrections and a growing number of investors have helped Ripple to bounce back.
In the last month, Ripple has seen its trading volume rise consistently to over $1.5 billion. Ripple is currently ranked as the 5th largest cryptocurrency in the world thanks to its rising demand.
Collateral Network Continues to Attract VeChain (VET) Investors with Projected 35x Gains
Collateral Network has been making news lately in both the crowdlending and cryptocurrency worlds. Analysts believe Collateral Network might be the next big thing in the cryptocurrency market in the coming months following the success of its ongoing presale.
Collateral Network provides users with a secure and easy-to-use platform for borrowing funds using their physical assets as collateral. There are many valuable items that can be used as loan collateral on the Collateral Network platform including real estate, jewelry, art, fine wines, and luxury watches among others.
Collateral Network mints NFTs against the value of the assets on a 1:1 ratio once the items have been verified. The NFTs are fractionalized to allow multiple lenders to fund loans backed by the same NFT. Lenders receive passive income from fixed interest paid on a weekly basis.
Collateral Network is powered by its native token COLT which is currently priced $0.014 in the first stage of its presale. As a key player in the asset-backed lending industry, which is expected to reach $1.7 billion by 2031, Collateral Network is expected to surge 100x after listing on major exchanges.
For more information on Collateral Network visit the website, join the presale or join the community for regular updates.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Presale: https://presale.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
After a recent drop of 10%, VeChain (VET) investors are now flocking to Ripple (XRP) and Collateral Network (COLT) which hold better promise for growth. Collateral Network is currently in the first stage of presale with COLT price having gained by 40% so far.
In this post we look at VeChain’s recent crash and why its investors are now turning to XRP and Collateral Network for more gains.
VeChain (VET) Disappoints Investors with a 10% Decline
VeChain recently dropped by 10%, sending its investors looking elsewhere for better alternatives. VeChain is a layer 1 platform for dApps and smart contracts. VeChain leverages the popularity of Internet of Things (IoT) to solve many connectivity problems in the industry.
However, VeChain has been underperforming in the market lately. VeChain is currently trading at $0.019225 with a trading volume of $33,549,797 in the last 24 hours. The price of VeChain (VET) has dropped by 10.42% in the last 7 days.
XRP Set to Make Gains in May
Compared to VeChain, XRP looks poised to reward investors with more gains in the next half of the year. XRP is a decentralized payment network used in both digital and mainstream financial sectors.
XRP enables financial institutions to make faster and cheaper transactions in a matter of seconds. It has grown thanks to partnerships with a host of financial institutions. One of its flagship projects, RippleNet is used by many institutions as a faster and cheaper alternative to the SWIFT system.
Ripple is powered by XRP – its native token. The price of XRP has been growing due to increased use of RippleNet in processing international payments. However, in the month of March, XRP lost its bullish momentum after surging to $0.54. Recent price corrections and a growing number of investors have helped Ripple to bounce back.
In the last month, Ripple has seen its trading volume rise consistently to over $1.5 billion. Ripple is currently ranked as the 5th largest cryptocurrency in the world thanks to its rising demand.
Collateral Network Continues to Attract VeChain (VET) Investors with Projected 35x Gains
Collateral Network has been making news lately in both the crowdlending and cryptocurrency worlds. Analysts believe Collateral Network might be the next big thing in the cryptocurrency market in the coming months following the success of its ongoing presale.
Collateral Network provides users with a secure and easy-to-use platform for borrowing funds using their physical assets as collateral. There are many valuable items that can be used as loan collateral on the Collateral Network platform including real estate, jewelry, art, fine wines, and luxury watches among others.
Collateral Network mints NFTs against the value of the assets on a 1:1 ratio once the items have been verified. The NFTs are fractionalized to allow multiple lenders to fund loans backed by the same NFT. Lenders receive passive income from fixed interest paid on a weekly basis.
Collateral Network is powered by its native token COLT which is currently priced $0.014 in the first stage of its presale. As a key player in the asset-backed lending industry, which is expected to reach $1.7 billion by 2031, Collateral Network is expected to surge 100x after listing on major exchanges.
For more information on Collateral Network visit the website, join the presale or join the community for regular updates.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Presale: https://presale.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
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