After a recent 10% drop, VeChain investors have been flocking to VeChain in search of better returns. Ripple’s XRP currency and Collateral Network (COLT) have been seen as the most promising options for future growth. COLT has experienced a 40% surge in price in one stage.
In this post, we look at why VeChain investors are now turning to XRP and Collateral Network for more benefits.
VeChain has recently seen a 10% decline. This sent investors looking for other alternatives. VeChain is a layer-1 platform for decentralized applications (dApps) and smart contracts. It takes advantage of the popularity and reach of Ethereum. It is also useful in the Internet of Things (IoT), which is a new technology that can solve many industry connectivity problems.
Currently, VeChain (VET) trades at $0.019225, with a 24-hour trading volume of $33,549,797. VET’s price has fallen by 10.42% within the past 7 days.
Compared to VeChain, XRP looks set to reward investors in the second half of the year with further gains. XRP is a payment network used both in the digital and mainstream financial sector. It allows financial institutions to conduct transactions much faster and more efficiently in seconds. This is due to partnerships with financial institutions, who prefer RippleNet to SWIFT because it is faster and more cost-effective.
XRP is powered by its native token. The price of XRP has risen due to its increased usage in processing international payments. However, in March, XRP has lost its bullish trend after reaching $0.54. Price corrections and increasing investors have helped. It is currently ranked 5th and is the largest cryptocurrency on the planet.
Collateral Network has recently been making headlines due to its involvement in crowdlending and cryptocurrency. Analysts believe that after the success of its current presale, it could be the next big thing to hit the cryptocurrency markets in the months ahead.
Collateral Network allows users to borrow money by using their assets as collateral. Valuable items such as real estate, fine wine, jewelry, art and luxury watches can all be used to secure a loan on the Collateral Network platform. Once the items are verified, NFTs are minted at a ratio of 1:1. The NFTs are fractionalized, allowing multiple lenders to fund loans backed by a single NFT. Lenders receive fixed interest on a weekly basis, which can be used to generate passive income.
Collateral Network is powered by COLT, its native token. Currently, it is available for $0.014 in its first pre-sale stage. Asset-backed lending is expected to grow from $1.7 billion in 2021 to over $2 billion by 2031. This means that the price of COLT is expected to be 100 times higher after it has been listed on major exchanges.
For more information about Collateral Network, visit the website, join the presale or join the community. Regular updates are available.
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