Cryptocurrency has revolutionized the world and has been around for over a decade. In recent years, altcoins have been gaining popularity due to their unique features, and traders are looking for promising coins that can bring them massive yields. Suppose you are a crypto adherent looking for the next big thing. In that case, you should pay attention to Solana (SOL), Arbitrum (ARB), and Collateral Network (COLT), a notable newcomer that has already surged over 40% in presale.
Is Solana a good asset?
Solana (SOL) is one of the most established altcoins on the market. According to an article in Washington City Paper, Solana (SOL) is one of the finest altcoins with 50x potential in 2023. However, it is essential to note that infusing in cryptocurrencies is risky, and you should research before investing.
The price of Solana (SOL) was $24.59 as of April 13, 2023, with a $2.68B 24-hour trading volume and a $9.63B market capitalization. Its market domination is 0.77%, and in the last day, it has increased by 3.48%. The value of Solana (SOL) was $8.12 at its highest point and $27.16 at its lowest since the previous cycle’s low.
According to a report by Statista, the Solana (SOL) price history until April 23, 2023, was $20.9. However, according to a prediction by Changelly, Solana (SOL)’s price is expected to have a 0.47% decrease by April 27, 2023.
At the time of writing, it’s worth noting that the price of Solana (SOL) is facing a critical trend decision in the 1-day chart. Will the uptrend continue, or will it be invalidated?
Infusing in Arbitrum?
According to CoinCodex, the Arbitrum (ARB) price is expected to reach a price of $0.614768 by Apr 25, 2023. This would represent a -56.85% price decrease for ARB in the next five days.
According to the latest reports, the Arbitrum blockchain has airdropped $120M in ARB tokens to DAOs. Around 90 million ARB tokens, worth around $120 million at current valuation, have already been distributed. In addition, Decentralized Exchange Vertex has launched on the Ethereum layer 2 scaling solution, Arbitrum.
Along with the above-mentioned projects, 118 more protocols will receive varied portions of the ARB airdrop. The token distribution should be finished by this week’s end, according to the Arbitrum team.
Collateral Network (COLT) disrupting the lending sector
Collateral Network (COLT) is a decentralised crowdlending platform that offers low-cost, secure loans backed by borrowers’ physical assets as collateral. These assets, used by a borrower as collateral, such as a luxury watch or fine artwork, can be used to secure loans without needing credit checks or interference from traditional banking institutions.
Collateral Network, one of the latest Web3 projects, adopts a new approach. Anybody may borrow funds against off-chain tangible assets through the Collateral Network platform.
Assets are minted into NFTs and fractionalized so they become available to a range of investors. Investors can purchase a portion of an NFT and fund a portion of the loan, thereby generating the funds for the loan required by the borrower. At the same time, lenders earn passive income as borrowers pay off their loans with fixed interest. If a borrower cannot repay the loan, these assets are auctioned at private events available to COLT token holders only.
This stand-out DeFi lending protocol is set to revolutionise the conventional loan industry, estimated to grow by over $12 billion a year by 2030.
The COLT token is the official utility token of the Collateral Network platform and is currently priced at $0.014. Market analysts predict it can increase 35x in the following months. Only 38% of the total supply of the tokens is available during the presale, and with heightened demand entry-level prices are unlikely to be available for long.
Read more about the COLT presale here:
Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or crypto projects mentioned in this piece; nor can this article be regarded as investment advice.