With the cryptocurrency market increasing after a year of price declines, investors worldwide are excited about how high it will go. Having already increased by over $2 in 2023, Chainlink (LINK) has gained significant momentum attracting crypto whales and thousands of new investors.

At the same time, crypto whales have started buying a new token in the market, which is expected to offer a return of 35x in the next six months.

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What is Chainlink (LINK)?

Chainlink (LINK) is a project designed to connect blockchain platforms with real-world businesses and data. Chainlink (LINK) lets DeFi projects collect external data, including sports results, stock market updates and general news updates, to give it to the DeFi community.

Chainlink (LINK) uses LINK as its governance token. LINK is used to pay operators who validate information going to the blockchain. Since the start of 2023, Chainlink (LINK) has increased in value by $2.26, with one token selling for $7.83.

Although its growth has slowed over the past month, Chainlink (LINK) is still a popular investment, with many crypto whales believing that LINK will hit $10 in the next few months.

What 35x Return Project Has Attracted Crypto Whales?

As Chainlink (LINK) gained momentum, a new DeFi project caught the attention of investors worldwide. The project is called Collateral Network (COLT) and has increased in price by 40% in just a few weeks.

Collateral Network (COLT) has created a whole new application for DeFi, using it to disrupt the crowdlending industry. Using Collateral Network (COLT), individuals looking to borrow funds will be able to liquidate their high-value physical assets by bringing them on-chain. Assets are brought on-chain in the form of fractionalized NFTs.

Collateral Network (COLT) mints an NFT that is backed 1:1 by the physical asset. Once an asset has been minted, the platform fractionalizes it so investors can become lenders by purchasing NFT fractions, after which they'll generate a fixed interest rate based on how much they lend. This innovative new concept can be used to liquidate assets such as whiskeys, diamonds, watches, real estate, collectibles and supercars.

Collateral Network (COLT) is currently in its presale, with one COLT token selling for $0.014. Investors who buy will have access to private auctions to buy distressed assets, discounts in transaction fees, and governance rights, among other benefits.

With huge potential, Collateral Network (COLT) is expected to hit $0.35 before its presale ends, with additional 100x increases speculated once COLT hits mainstream exchanges.

Why Is Collateral Network (COLT) Attracting Crypto Whales?

According to CoinMarketCap, there are 22,932 cryptocurrencies in existence, so how has Collateral Network (COLT) caught the attention of crypto whales?

Firstly, its security is one of the best in the market. Collateral Network (COLT) is fully vetted, KYC audited and offers 2FA security options for users. This is extremely important considering recent scandals.

Secondly, Collateral Network (COLT) offers a number of passive income opportunities. Investors can stake their COLT tokens to generate an income or lend money by purchasing NFT fractions.

Lastly, Collateral Network (COLT) stores all contractual information on the blockchain and is completely confidential, so a borrower's credit rating will never be impacted by their transactions.

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Conclusion

Although Chainlink (LINK) has steadily increased in value, Collateral Network (COLT) is on track to quickly offer higher returns over the next few months. As investors flock to Collateral Network (COLT), analysts believe it could see additional price surges before the end of the month.

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