The cryptocurrency sector constantly evolves, with new projects emerging amid the digital revolution. These new projects present unique opportunities to address real-world problems and enhance how things are done.
Solana (SOL) is one project enhancing transactions on the blockchain as ApeCoin (APE) makes a mark on non-fungible tokens (NFTs). Nevertheless, Collateral Network (COLT) could be the next big thing and is expected to rally 3500% during its presale. Here we explain why.
Solana (SOL) for Blockchain Transactions
Solana (SOL) is another coin poised for a significant price increase amid renewed interest and focus on cryptocurrency transactions. After being on a free fall in 2022, the Solana (SOL) coin has bounced back, rallying by more than 40% from its all-time lows.
The explosive move comes on the Solana (SOL) blockchain emerging as a preferred platform for powering low-cost and superfast transactions. Additionally, the Solana (SOL) project supports the development of smart contracts and decentralized applications adding to the growing list of use cases for Solana (SOL). The current price for Solana (SOL) stands at $23.02, with Solana (SOL) also seeing a $828,449,187 24-hour trading volume at the time of writing.
ApeCoin (APE) NFT and Metaverse Exposure
ApeCoin (APE) has to be the go-to project for any eyeing exposure in the burgeoning non-fungible token (NFT) space. As the need to tokenize real-world assets using non-fungible tokens (NFTs) grows, ApeCoin (APE), with its native APE native coin, remains the best play in the sector.
ApeCoin (APE) is also poised to benefit from the rapid growth in the metaverse world. The creators of Bored Apes, one of the big NFTs, are already working on a metaverse world dubbed Otherside. The metaverse platform is to be powered by ApeCoin (APE).
The price for ApeCoin (APE) currently is at $4.16, with a $1.5 billion market capitalization for ApeCoin (APE). The ApeCoin (APE) token has seen many fluctuations in the last week and has mostly been trading in the red.
Asset-Backed Lending Reinvented by Collateral Network (COLT)
Collateral Network (COLT) is a new crypto project transforming credit markets. Collateral Network (COLT) has created the world’s first challenger lender powered by blockchain technology and has created a platform that makes it easy for people to unlock cash from their physical assets anywhere around the world.
For instance, if someone has a piece of art or some real estate and wishes to secure a short-term loan, they can use the assets as collateral. In this case, they can mint non-fungible tokens (NFTs) against the physical assets. In return, the NFTs are to be fractionalized, allowing anybody to become a lender and earn interest based on the size of the loan.
COLT is the native token that powers the Collateral Network (COLT) ecosystem providing an easy way for people to borrow and lend money. Token holders that are borrowers are to enjoy discounts on borrowing fees and interest. On the other hand, token holders that are lenders are to enjoy discounts on trading fees in the marketplace.
All Collateral Network (COLT) token holders can also stake their tokens to receive passive income. COLT is also to double up as a governance token, giving holders the right to vote on key decisions. The total number of COLT tokens that will ever be in circulation is capped at 1.4 billion.
While the starting price of the COLT token is $0.01 in presale, analysts are already predicting a significant increase of 35x over the next few months. That said, Collateral Network (COLT) is an ideal long-term play as the entire ecosystem offers a convenient and cost-effective way of borrowing against a physical asset. Experts believe that Collateral Network (COLT) could disrupt the pawnbroking industry as we know it and could become one of the biggest crypto projects in 2023.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
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.
