A couple of new players, including Pepe (PEPE) and Collateral Network (COLT), emerged quietly in the market amid the sudden decline in the prices of both Polygon (MATIC) and other cryptocurrencies. In Stage 1 of its public presale, the newcomer Collateral Network is recognized as the world’s first web3 challenger lender, expected to deliver a whopping 3,500% return for its investors during presale!

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Polygon (MATIC) Struggles with Value Retention

Despite being hailed as a promising layer 2 scaling solution for Ethereum, Polygon struggles to maintain its value and attract investors. Over the last month, the price of Polygon has seen significant fluctuations.

The Polygon price dropped from $1.10 to $0.87 during the last 30 days, marking a 20.91% decrease. At the same time, its market cap dropped from $10.17B to $8.11B or 20.27% decline.

The current price of Polygon (MATIC) is 70.96% lower than its all-time high of $2.92. Moreover, the CFGI indicator of Polygon shows 38, indicating fear among investors and further confirming the bearish sentiment around Polygon.

The decline in the value of Polygon prompted investors to explore alternative investment opportunities, such as Pepe and Collateral Network.

If bulls remain stagnant, investors might pursue more dumps of the Polygon holdings.

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Pepe (PEPE) Cryptocurrency Plummets Over 55% After Listing on Binance

The meme coin, which jumped to the 45th largest cryptocurrency by market capitalization within three weeks after its launch, began a downward spiral on Friday, the 5th of May, after it was listed for trading on Binance, the world’s largest crypto exchange.

Pepe reached its all-time high of $0.000004354 on the 5th of May, right upon the news. However, its fame was short-lived. Just a few days later, Pepe suffered a nearly 55% decline in value. Currently, Pepe trades at $0.000002.

The Pepe market cap was also impacted by the drop in its price, which went from under a million dollars during its launch in mid-April to over $1.49B on Friday, the 5th of May. However, the Pepe market cap currently stands at just over $754 million, indicating that the token has lost almost half its market capitalization in a week.

This significant price drop is a cause of concern for investors who were betting on Pepe to increase their wealth.

Collateral Network (COLT) – The Future of Peer-to-Peer Lending on Web3

Collateral Network is a groundbreaking Web 3 peer-to-peer lending platform that accepts off-chain assets as loan collateral. Collateral Network’s innovative approach eliminates the need for extensive credit checks, making it easier for borrowers to obtain loans.

One of the unique features of the Collateral Network is the creation of NFTs for valuable assets such as classic cars, real estate, and precious metals. Collateral Network fractionalizes these NFTs, allowing investors worldwide to lend smaller amounts of funds at an agreed interest rate, known as fractional lending.

For instance, if you own a classic car worth $50,000, you can use it as collateral and borrow against it. Collateral Network will mint a 100% asset-backed NFT of the car and fractionalize it to enable multiple investors to participate with smaller amounts. Once you pay off the principal amount and interest, COLT will redeem your classic car from its vault and burn the NFT.

Collateral Network is a win-win for everyone. Borrowers benefit from crowd-sourced liquidity pools, while lenders earn passive income. Experts predict that Collateral Network (COLT) will surge by 3,500% during its presale, with the token already seeing a rise from $0.01 to $0.014.

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

Amidst the declining total crypto market capitalization, cryptocurrencies like Arbitrum (ARB) have struggled to generate significant price momentum. As a result, investors are gravitating toward promising projects like Sparklo, which is currently in its presale phase. Moreover, experts and crypto observers have forecasted Sparklo to yield returns of up to 5,000x upon its launch. Presently, the SPRK token is accessible for only $0.026, with a strong potential of increasing to $0.050 soon.

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Sparklo (SPRK) introduces fractional NFTs investment in precious metals

Sparklo is poised to transform the trading of precious metals with its upcoming platform. Through the SPRK token, investors will be able to engage, buy and sell gold, platinum, and silver. Each fractional investment will be represented by a minted non-fungible token (NFT), closely tied to the corresponding precious metal it represents.

Meanwhile, Sparklo has obtained a KYC (Know Your Customer) report from Block Audit Report, ensuring compliance with regulatory standards. Furthermore, InterFi Network has audited Sparklo’s smart contract. To promote stability and foster user confidence, Sparklo will lock the team’s tokens for 1000 days and liquidity lock for 100 years.

Currently, Sparklo is conducting its second presale phase, offering its tokens at an enticing price of only $0.026. Early adopters can take advantage of the ongoing 50% bonus on their token purchases and accumulate large amounts of the token before its price rises.

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Arbitrum (ARB) transaction volume plummets despite the increase in new addresses

Arbitrum (ARB) experienced significant gains last week as bulls attempted to reclaim the $1.20 zone. However, recent on-chain data reveals that bears have now taken control. While Arbitrum (ARB) has garnered attention for its adoption and increased network activity, transaction volume for Arbitrum (ARB) has been declining. Between May 8th and May 22nd, active addresses surged by 41%. In contrast, daily Arbitrum (ARB) transaction volumes dropped by 92% from its peak of 1.27 billion to 102.38 million ARB.

This decline in transaction volume suggests that new participants may not be engaging in transactions as frequently or at the same volume as existing users. Notably, a significant Arbitrum (ARB) whale group with balances ranging from 10 million to 100 million ARB tokens has initiated another sell-off, having unloaded over 130 million ARB tokens between May 17th and May 22nd. Unless daily ARB transaction volume sees an increase, ARB holders could experience a substantial price drop in the days ahead. By press time, Arbitrum (ARB) stands at $1.13, a 3.65% decrease over the past 24 hours.

Find out about the Sparklo (SPRK) presale using the links below:

Website: https://sparklo.finance

Presale: https://invest.sparklo.finance

Twitter: https://twitter.com/sparklo_finance

Telegram: https://t.me/sparklofinance

The cryptocurrency market has experienced ups and downs in the past few days with many tokens turning bearish. In the league of tokens whose performance was below par are Immutable (IMX) and Render Token (RNDR), making holders move to more profitable projects like Sparklo.

Meanwhile, Sparklo has continued to generate excitement in the crypto space with more investors signifying their intention to purchase the token as the presale goes on. Let’s dive into Sparklo and explore why it has outpaced both Immutable (IMX) and Render token (RNDR).

Sparklo (SPRK) is bringing precious metals to the crypto market

Nobody could have expected a relationship between cryptocurrency and precious metals until Sparklo brought the idea. Sparklo is bridging the gap between cryptocurrency and precious metals by allowing investors to invest in precious metals such as Gold, Silver, and platinum. These precious metals will be minted into fractionalized NFTs of which investors can purchase a fraction of the NFTs or the whole part. Purchasing the entire NFT attracts free delivery to the desired choice of destination.

This represents an opportunity for average investors to partake in the often elusive metal industry. Having been audited by Interfil Network and undergoing KYC application, Sparklo intends to lock its liquidity for 100 years, making it a safe and secure investment for skeptical and undecided investors who are looking for the next booming crypto project.

This is a good opportunity for jewelry stores to bring their products to the crypto market with the help of Sparklo. The platform creates a meeting point for investors who are looking to purchase jewelry products and jewelry stores who are looking to sell their products. At the current price of $0.026 per token, investors can position themselves for the project that has been predicted to skyrocket by 1500% before the year runs out.

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Immutable (IMX) partners with MetaStudio to improve metaverse gaming

Immutable (IMX) – the leading Ethereum Layer 2 Scaling solution, has secured a partnership with the hugely popular Portuguese game studio MetaStudio to bring innovative changes to metaverse Gaming. With this dynamic partnership, MetaStudio can use Immutable (IMX) layer 2 infrastructure to provide players with an amazing gaming experience and secure ownership of in-game assets.

On the flip side, immutable (IMX) is currently battling the red zone, with 2% of its value dropped in the last 24 hours. With Immutable (IMX) market capitalization standing at $684 million, the recent partnership may be the pedestal for Immutable (IMX) to shoot up again. So far, Immutable holders are moving to the Sparklo presale which offers more benefits.

Render Token (RNDR) surrenders to bear market as price dips

Investors are in limbo with the Render Token (RNDR) after yet another dip caused the Render Token (RNDR) price to slump by 2.38%. Since making huge inroads in the crypto space when it was first launched, Render Token (RNDR) has failed to sustain the kind of performance that endeared it to investors in the first place.

At the current trading price of $2.54,  and with Render Token’s (RNDR) 24-hour trading volume also reducing from 280 million to 250 million since the beginning of the month, the chances of Render Token (RNDR) pulling up after the struggle remains a big task. With Render Token (RNDR) not showing any sign of recovery, its investors are already moving over to the Sparklo project to make profits.

Website: https://sparklo.finance

Presale: https://invest.sparklo.finance

Twitter: https://twitter.com/sparklo_finance

Telegram: https://t.me/sparklofinance