Investors have their eyes peeled on Solana (SOL) and Avalanche (AVAX) as both coins continue to show volatility and move in opposite directions, with Solana going up.
Meanwhile, experts point to Collateral Network (COLT) as one of the best money-making tokens on the market, causing investors to flock to its presale to get a piece of the predicted 3500% returns.
Collateral Network is set to transform the lending industry as we know it, causing it to be the main topic in the crypto world. Collateral Network is the world's first Web3 peer-to-peer lending platform that allows users to borrow against real-world assets on the blockchain, including watches, art, cars, and other valuables.
And as the only altcoin on the market that offers this unprecedented real-world utility, Collateral Network has become the top investment option for many crypto experts. And as more and more investors rush to get their piece of this revolutionary project, Collateral Network shows great potential to climb to the top of the trillion-dollar lending industry.
The lending process with Collateral Network works is pretty simple. For instance, let's say you have a $25,000 watch and need funds for your business. First, you send the watch to Collateral Network, where its fully-doxed team values and stores your asset in a highly-secure vault. Then, Collateral Network mints a 100% asset-backed NFT against the asset, fractionalizes it into smaller pieces, and sells these fractions to other Collateral Network users (fractionalized lending).
The people that buy a fraction or fractions of the NFT get a weekly passive income in return for funding the loan. This also enables Collateral Network lenders to create a diversified portfolio of many small loans, earning a weekly income from each loan.
Finally, once you've repaid the loan, Collateral Network burns the NFT and returns your watch. This one-of-a-kind service that only Collateral Network offers allows people to quickly get the funding they need without leaving a mark on their credit files. Additionally, COLT token holders will get many exclusive benefits, including discounts on borrowing/trading fees, governance rights, and access to private online auctions (which is a method that COLT has put in place to recover lenders' funds in case a borrower defaults on their loan).
At the moment, Collateral Network (COLT) is in its public presale and has already marked 40% returns for holders, as its token price went from $0.01 to now being $0.014. Additionally, COLT offers a 40% deposit bonus for those who buy tokens now. And when you pair COLT's already great returns with its predicted 3500% growth potential before its presale ends, it's no wonder that investors are flocking to get a share of this ground-breaking project in the thousands.
Solana recently announced its integration of tBTC on Wormhole, a platform that connects Solana to other DeFi networks. This caused excitement in the Solana community, causing its activity to surge and the Solana token to regain confidence from stakers.
Currently, the Solana (SOL) token is trading at $20.50, marking a 1.82% increase in price in the last 24 hours. Additionally, the number of addresses staking Solana tokens increased by 2.99% over the previous week.
Analysts predict that if the Solana (SOL) price continues to increase, it could reach $26 soon. However, if Solana (SOL) starts going downwards, its price could fall to the $15 mark.
The recent Bitcoin sell-off impacted many altcoins, and Avalanche was no exception. Namely, as the Avalanche price fell below the $16 mark, the Avalanche token lost 15% of its value.
Currently, the Avalanche (AVAX) token is trading at $14.98, marking a 0.02% decrease in the past 24 hours. Additionally, the Avalanche trading volume decreased by 7.86% since yesterday, with the Avalanche TVL also dropping by 7%.
However, experts say this downward Avalanche trend will not last, as the Avalanche ecosystem is getting ready to introduce a new solution, the GoGoPool. Avalanche claims that the GoGoPool will reduce the cost of operating a validator node and make it easier for users to work with Avalanche Subnets.
For more information on Collateral Network visit the website, join the presale or join the community for regular updates.
Website: https://www.collateralnetwork.io/
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.