Solana overcomes FTX scandal, Hedera rise 7.43%. Will Collateral Network rise 3500%?
Bitcoin (BTC) has been rallying hard and has breached the $28,000 price point. Money will flow into Ethereum (ETH), and the altcoin season begins. This can already be observed with Solana (SOL) overcoming the FTX scandal, Hedera (HBAR) is up 7.43% in the past week, and an exciting new presale, Collateral Network (COLT) earmarked to be the biggest gainer with an expected price surge of 3500%.
Collateral Network (COLT)
Collateral Network reimagines the lending industry entirely. Analysts have tipped real-world assets and their integration on-chain as a core growth area in the coming bull run. At the same time, DeFi investors have grown tired of only being able to collateralize crypto assets. Collateral Network is the future of lending by allowing decentralized peer-to-peer borrowing with real-world assets. This challenger lender has excited analysts and has already raised over $400,000 in its initial presale stage.
Collateral Network is a multi-sided platform allowing borrowers and lenders to interact while supplying institutional-level liquidity. Borrowers can collateralize real-world assets such as real estate, fine art, vintage cars, gold, and many others. Collateral Network (COLT) values the asset and stores it in their facilities, minting an NFT which is 100% asset-backed. This allows the borrower to access liquidity without selling their asset with total privacy, and lenders can earn interest on their assets in the form of interest payments.
COLT token holders receive discounts on borrowing fees, reduced trading fees in the marketplace where fractionalized NFTs are traded, and access to the auction house with the opportunity to buy distressed assets. Users can also stake their COLT tokens to provide liquidity to the loan book and receive passive income.
COLT is currently available for just $0.01, with analysts forecasting 3,500% growth throughout the presale and then a further explosion of growth when COLT lists on major centralized exchanges.
Solana (SOL) faced an existential crisis with the collapse of FTX and the Alameda insolvency, given both were huge backers and holders of Solana. It crashed by more than 95%, and many investors feared it was over for the network.
However, SOL trades at $21, up more than 100% from its intra-year low of $9. Analysts expect Solana to continue this rise, with expected price predictions ranging between $24 and $29 in 2023.
Solana has plans to release a mobile phone, and the design specifications on the Solana (SOL) mobile were recently leaked on Twitter. This should be an excellent catalyst for growth. Still, senior analysts noted that investors serious about boosting their net worth would be better off participating in the Collateral Network (COLT) presale.
Hedera is already up 7.43% this week, with Hedera, at the time of writing, trading at $0.071, with price predictions from analysts putting Hedera between $0.075 and $0.081 in 2023. Hedera (HBAR) has rallied on the announcement that Fresh Supply Company will be using the Hedera blockchain for real-world asset tokenization.
Hedera is an open-source blockchain and leverages Directed Acyclic Graph (DAG) technology to power faster transactions than typical blockchains. Hedera (HBAR) recently crossed a significant milestone and has processed more than six billion transactions on its mainnet.
Find out more about the Collateral Network presale here:-