April has been the best month in 2023 for the crypto market. Several projects are booming, with much of the market following these positive trends. So what projects do you need to look out for? Solana (SOL), Cosmos (ATOM), and Collateral Network (COLT) are all looking like strong options, with the potential to surge in the next few weeks, including COLT, which has forecasted 35x returns for early investments during the presale.
Solana (SOL) surges following name service integration
Solana has increased its price by 17% in the past five days alone. This rise comes following several new announcements, including the introduction of state compression and the Solana (SOL) name service integration.
State compression is an innovative new solution that will reduce the cost of minting NFTs, with 1 million Solana (SOL) NFTs costing just $110. New Solana NFTs will be classified as “compressed” and between 2400 to 24,000 times cheaper than competitors.
At the same time, Solana announced that Brave will now introduce the Solana name service integration. Brave customers will now be able to use Sol domain names with their Brave wallet. This will improve Solana use cases, allowing for easy transactions, identity management, and decentralized websites.
Cosmos (ATOM) market cap increases after IOB update
Cosmos has decreased in popularity over the last month following a price decrease of 6.34%. However, Cosmos (ATOM) bounced back following its announcement to build an Internet of Blockchains (IOB). This internet would allow collaboration between blockchains, particularly an Ethereum (ETH) and Cosmos integration. Such integration would expand the Cosmos ecosystem, likely driving up the value of the ATOM token in the process.
This news has been met with positive reactions from the market, with Cosmos (ATOM) increasing prices by 2.27% to $11.36 in the last five days. As development continues and investors see tangible results, Cosmos is likely to continue rising, though this will depend on the success of this new venture.
Collateral Network (COLT) offers huge 35x ROI
Collateral Network is the lending industry’s first DeFi crowdlending platform where users can borrow cryptocurrencies against physical assets on the blockchain. With a revolutionary use case, experts believe that Collateral Network (COLT) could increase from $0.01 to $0.35 before its presale finishes, with additional price surges of 100x once COLT tokens hit mainstream crypto exchanges.
Collateral Network lets borrowers liquidate assets without physically giving them away. First, assets such as real estate or watches are initiated on-chain and transformed into NFTs. These NFTs are fractionalized to begin the person-to-person lending process.
Lenders then buy fractions of the NFT and build an effortless income, with several lenders offering funds to accumulate the full amount required for the loan. Once the loan has been funded, the borrower will need to repay it with interest, after which their asset will be returned. However, if they default on their payment, the asset will be put on sale at a private auction, in which COLT token holders can bid for the asset at a lower market price.
Collateral Network is completely confidential, with 2FA security options and all transactions on-chain. Transactions are also flexible and never impact a borrower’s credit rating.
Collateral Network (COLT) has been praised for its unique application and has been audited to ensure its safety. Having already increased from $0.01 to $0.014 in just a few weeks, COLT investors eagerly await an additional price surge.
Find out more about the Collateral Network presale here:-