The recent decline in the Ripple (XRP) price has pushed investors toward Solana (SOL), looking for better returns. However, experts are more impressed by Collateral Network (COLT), currently in its public presale, predicting 3500% gains for its holders before COLT lists on exchanges.
Collateral Network (COLT) – The First Web3 Lending Platform for Physical Assets
Collateral Network is one of the top money-making tokens in the crypto world right now, set to revolutionize the lending process with its innovative and secure platform. Collateral Network is the world’s first Web3 peer-to-peer lending protocol that enables users to leverage their real-world assets and borrow funds against them on the blockchain.
No other altcoin matches this unprecedented real-world utility that Collateral Network offers, causing investors to flock to its presale in the thousands. Additionally, its ground-breaking platform has experts putting Collateral Network at the head of the trillion-dollar lending industry, taking a massive chunk of it for itself and its token holders.
The Collateral Network lending process consists of borrowers sending their watches, jewelry, art, or other high-value assets to the Collateral Network. Collateral Network mints a 100% asset-backed NFT against the asset and fractionalizes it, enabling it to sell the NFT to other Collateral Network users in smaller pieces (fractionalized lending).
Currently, the Collateral Network (COLT) is in its public presale, where it has seen a 40% price jump in token price, which started at $0.01 and is now at $0.014. Additionally, those who buy COLT tokens now will get a 40% deposit bonus. Moreover, experts predict due to the unprecedented real-world utility COLT offers, it will deliver 3500% returns to holders before the end of its presale.
What’s In Store for XRP?
The Ripple token has recently seen a 5% decline in value over the past few weeks. The Ripple bears have dragged the Ripple (XRP) price below the $0.43 level. Still, the Ripple bulls are trying to get the price at the $0.50 level, going head-to-head with the Ripple bears.
Currently, the Ripple token is trading at $0.42, with a 2.39% decrease in the last 24 hours. However, the Ripple trading volume has increased by 14.19% over the 24-hour period, suggesting to experts that the Ripple bulls are gaining traction.
Still, analysts say that if the Ripple bears prevail, the Ripple price could drop to the $0.36 level.
Is Solana (SOL) A Good Investment?
As the current volatility of XRP has holders switching to Solana, the Solana TVL has seen a jump to $270.21 million. However, Solana still experienced losses, with the Solana weekly volume going from $29.84 million in the first week of May to $1.25 million this week.
Currently, the Solana token is trading at $20.14, marking a 24-hour decrease of 4.76% in the Solana (SOL) price. Additionally, the Solana market cap dropped by 4.74% in the past 24 hours. Still, due to XRP holders jumping ship, the Solana trading volume went up by 55.63% since yesterday.
Moreover, experts say that, compared to other tokens on the market, Solana is one of the few that has managed to sustain its losses, leading analysts to dub Solana a low-risk investment.
Find out more about the Collateral Network presale here: