Solana (SOL) and Litecoin (LTC) are among the cryptocurrencies that have recorded significant gains since the year began. While Solana naturally benefits from its scalable network, Litecoin is moving alongside Bitcoin (BTC).
On the other hand, Collateral Network (COLT), a new player, is gaining the attention of crypto buyers during its presale. Collateral Network is reinventing the crypto lending sector with a 3500% growth prediction.
Solana is a fast, scalable, and cheap smart contracts platform that has remained developers’ first choice since its launch. Recently, Solana welcomed the Helium network into its ecosystem.
The Helium network completed its migration to Solana after 12 months of development. Helium’s core developers are in for a new era of scalability, expansion, and reliability.
Furthermore, the Solana Foundation has just collaborated with data platform Trycarbonara to launch a real-time tracking dashboard to measure carbon emissions on the Solana (SOL) blockchain. The goal is to spur a trend toward carbon emission transparency in the blockchain ecosystem.
All these developments have made a positive impact on the price of Solana (SOL), which has climbed up by 3.7% in the past 14 days.
Litecoin is another altcoin that is making positive moves of late. In the past week, Litecoin (LTC) price formed a support base above the $95 level against the US Dollar. Also, Litecoin started a steady increase above the $98 resistance zone during the time Bitcoin rose to $30k.
NewsBTC reported that the bulls were able to push the price of Litecoin (LTC) above the $100 resistance. A high barrier formed near $102.90 and the price is now consolidating gains. The upcoming Litecoin halving (fixed for August 2023) may also be contributing to its recent growth. Data on CoinGecko shows that Litecoin has climbed up by 2.4% in the past 30 days.
Collateral Network (COLT)
Collateral Network is a new DeFi platform that is transforming the crowdlending space. The first of its kind, Collateral Network allows individuals to unlock liquidity from their physical assets. These assets are minted into NFTs and fractionalised, allowing several lenders to support the loans.
Assuming a small business owner needs funds. He can employ a real-world asset such as a supercar, fine whiskey, real estate, as collateral on Collateral Network. A 1:1 asset-backed NFT will be minted to represent his asset. This NFT is further fractionalized, allowing many lenders to support the loan even with a miniscule amount when they purchase the NFT fractions. Thus, borrowers receive instant funds and lenders gain passive income weekly from fixed interest rates.
Additionally, the Collateral Network token powers the whole ecosystem. Holders of this token enjoy staking rewards, reduced borrowing and trading costs, membership to the VIP club, and governance rights.
The Collateral Network (COLT) token is currently available for just $0.014 in its ongoing presale. Experts predict its value may reach $0.35 before it’s presale closes.
Crypto experts have tipped Collateral Network (COLT) as the best token presale of 2023. The time to buy COLT tokens is now when it’s currently at its presale stages. It allows early investors to gain maximum return on investments.
Early investors will benefit from the COLT token’s upward mobility. Presently, its presale price stands at $0.014 but with the demand will not remain at this price for long. Don’t miss out!
Find out more about the Collateral Network presale here: