What is a cryptocurrency market without the ups and downs? These are the prevailing trends right now:
With Collateral Network’s outstanding performance (COLT) and forecasted 35x returns, investors’ interest appears to be ignited. Plus, Storj’s (STORJ) volatility woes continue as the coin drops by 7.54%. Solar (SXP) appears to have hit a lucky break as its value goes up by 5.26% in a week.
Solar (SXP) Up 5.26% In a Week
Solar (SXP) continues in its strides towards a bullish trend, as it breaks free from the $0.2 price point resistance. In line with this, the price of Solar has also experienced a surge of 5.26% in one week. Currently, Solar (SXP) is worth $0.337098, up by 0.03% in the last 24 hours. A total of 554,992,926 SXP coins are currently in circulation, as its live market cap stands at $187,087,221.
Solar (SXP) is at the heart of the community-driven blockchain initiative Solar, whose aim is to build an ecosystem with actual governance. Solar’s use of the Delegated Proof of Stake (DPoS) consensus process is one of its most outstanding features. As a result, the Solar Blockchain is both sustainable and structured, as well as completely decentralized.
Storj (STORJ) Down 7.54%
Since its first public offering in 2017, the value of STORJ has seen some significant fluctuations. However, the crypto is currently experiencing volatility: analysis of the market metrics indicates that the value of Storj has dropped by 7.54%. As of press time, the current price is $0.417525 per Storj. CoinMarketCap ranks it at number 175, and its live market cap is $172,411,428.
Storj was initially presented to the world as an idea for a decentralized, open-source, peer-to-peer encrypted cloud storage infrastructure. After the platform’s launch in late 2018, its amended whitepaper described the initiative as a decentralized network that connects consumers who need cloud storage space with those who have excess hard drive space to sell. Anyone with enough hard disk space and dependable internet connectivity can access the network. They form a node—a single functioning entity—in the network. The Storj tokens are used to compensate space providers.
Collateral Network (COLT) Ignites Investors’ Interest
When the idea of crowdlending is evaluated, Collateral Network (COLT) strives to distinguish itself apart from all other cryptocurrencies on the market. It has positioned itself as the first initiative to issue NFTs secured by tangible assets, fractionalize those assets, and then allow the community to fund the loans. So, imagine let’s say Mr. Felix has a property or piece of art worth $200k and wants a short-term loan, Collateral would mint a tangible NFT that is physically backed by Mr. Felix’s property/art and then fractionalize the NFT into smaller fractions making it easier for investors to become lenders for an agreed fixed rate of interest.
Collateral Network’s (COLT) ecosystem is unique and highly structured, with layers appropriately stated. Having successfully passed a smart contract audit, the coin’s original price was set at $0.01. However, the currency has soared immensely such that experts are even forecasting a 35x price surge within the next six months. With only 50% of the total supply available for presale, there are assertions that investors’ interest in Collateral Network (COLT) has been ignited. Since no one seemingly wants to miss out on a large investment return, and Collateral Network (COLT) continues to wow observers on the cryptocurrency market, this development is relatively expected.
Find out more about the Collateral Network presale here: