As we venture further into 2023, three cryptocurrencies are stealing the spotlight: Ethereum (ETH), Solana (SOL), and the rapidly rising Collateral Network (COLT), which has surged 40% recently.
Collateral Network (COLT), a crowdlending DeFi platform utilizing AI for asset valuation and algorithmic lending rates, is currently in its second presale stage, offering tokens at $0.014 each.
Experts anticipate a staggering 35x increase in COLT’s price before summer, making it a must-have in the crypto space.
Ethereum (ETH)
Ethereum (ETH) is approaching $1.9k, up 1.42% in the past week and 28.27 percent in the past month. The highly anticipated Ethereum (ETH) Shanghai-Capella hard fork is scheduled for Wednesday.
This update will grant access to $31 billion in Ethereum (ETH) staked since December 2020. Despite the long-term favorable outlook for Ethereum (ETH), investors are concerned about the potentially unleashed Ethereum (ETH) sell-off.
With a market capitalization of $229.06 billion and a 24-hour volume of $10.45 billion, Ethereum (ETH) confronts ambiguity as the upgrade will discharge 18 million Ethereum (ETH), of which only 1.1 million ETH will be promptly withdrawable as staking rewards.
Solana (SOL)
Solana (SOL) has been on a remarkable ascent, increasing 10.96% in the previous week and 28.96% this month. The high momentum breakout of its long-awaited resistance means Solana (SOL) is approaching a sentiment shift.
A potential retest of the broken trendline could present an entry opportunity for speculators. Solana (SOL) has outperformed the rest of the already bullish market by experiencing a significant price increase.
Launched by Solana (SOL) Labs in March 2020, Solana (SOL) is a proof-of-stake (PoS) blockchain network that enables the creation of various decentralized finance (DeFi) applications and non-fungible token (NFT) initiatives.
Solana (SOL) has a market capitalization of $9.16 billion and demonstrates solid performance, attracting the attention of investors seeking to capitalize on the rising prominence of layer-1 networks like Solana (SOL).
Collateral Network (COLT)
Collateral Network (COLT) is an decentralized crowdlending network in the decentralized finance (DeFi) industry. This initiative has the potential to shake up the traditional lending business by providing more easily available loans at lower interest rates.
Users of Collateral Network (COLT) may lend modest sums of money to debtors at a fixed interest rate using asset-backed NFTs which then get fractionalized. In addition, borrowers may use their personal property as collateral for loans without having to sell the items or go through any unnecessary formalities.
For example, say Jane has a painting worth $80k and needs a short-term loan. She would: send the painting to Collateral Network (COLT), the painting is stored securely, and an NFT representing it is minted, making it 100% asset-backed.
The NFT is then fractionalized, allowing investors to lend smaller amounts at a fixed interest rate for a set period (fractional lending). The borrower repays the loan and interest. The NFTs are burned, and the painting is retrieved from storage.
At the second round of the presale, Collateral Network (COLT) tokens may be purchased for $0.014 each. Experts predict a 3500% growth in Collateral Network’s value during the next six months (COLT). Hence, benefit from this alternative currency now, before its price skyrockets.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Presale: https://app.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
