Since it first made headlines in 2021, Solana (SOL) has continued to thrive in the crypto industry. However, a new DeFi project has recently hit the spotlight, attracting thousands of investors in just a few weeks. It’s expected to surge 35x in the next 6 months, with a 100x increase once it hits exchanges.
This article will examine why investors are excited about this new crypto and why it could be the next big thing to make headlines in the market.
What is Solana (SOL)?
Solana (SOL) is an open-source project that lets developers build decentralized finance (DeFi) solutions. The Solana (SOL) project was launched in March 2020 by the Solana Foundation and quickly gained traction during the crypto bull market, increasing from just $1 to highs of $259.96 in November 2021.
Solana (SOL) diversifies itself from other projects with a proof-of-history (PoH) consensus, which is combined with the underlying proof-of-stake (PoS) consensus of the blockchain. This allows for extremely fast transaction speeds, low fees and great scalability for Solana (SOL).
Due to its ease of use, Solana (SOL) is used by small time traders and large crypto whales, with the Solana Foundation having long term plans to make decentralized finance more accessible worldwide.
What is the Project Solana Bulls Are Eying Up?
This exciting new project that’s caught the attention of Solana (SOL) bulls is called Collateral Network (COLT). Collateral Network (COLT) is an innovative new DeFi project that helps borrowers liquidate high-value, physical assets on the blockchain. Cars, fine art and jewelry are some examples of usable assets.
Once brought on-chain as an NFT, Collateral Network (COLT) uses artificial intelligence (AI) to accurately value assets and generate algorithmic lending rates to guarantee a fair price. Lenders can then loan a percentage of the NFT due to fractionalisation, earning a passive income in the process.
The Collateral Network (COLT) team has been fully doxxed and the project’s native token has been audited, ensuring that the Collateral Network (COLT) innovative new application is safe for borrowers and investors.
Collateral Network (COLT) is currently in its presale and is quickly becoming a top investment opportunity following a 40% price surge in the last few weeks. With the potential to revolutionize the crowdlending market, a diverse ecosystem and real-world practicality, it’s no surprise that Collateral Network (COLT) has caught the attention of Solana (SOL) investors.
To further this, its speculated 3500% returns outperform much of the crypto market, further adding to the project’s appeal. This makes Collateral Network (COLT) a great option for investors looking to diversify their portfolio and recover from a difficult bear run.
Why Is Collateral Network (COLT) Predicted To Surge By 3500%?
Aside from its unique use case, Collateral Network (COLT) offers a number of advantages over the traditional crowdlending industry. Here’s why Collateral Network (COLT) is predicted to surge.
Fixed Passive Income Opportunities: By lending money to borrowers, investors can receive a fixed passive income paid weekly.
Improved Liquidity: Every NFT is backed 1-to-1 by the physical asset, which is held in a vault to keep it secure.
Security: Should a borrower default on their loan, the asset will be repossessed and sold at a private auction to recover investors’ funds.
Fast Turnaround: Assets can be liquidated in just 24 hours.
Privacy: Assets can be borrowed against without ever leaving a credit footprint.
Conclusion
Collateral Network (COLT) is one of the most promising new cryptos in the DeFi market, providing investors with a potential 35x return while revolutionizing a multi-billion dollar market. With a great foundation, doxxed team and long-term roadmap, Collateral Network (COLT) is on track to become a market leader in the DeFi industry.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Presale: https://app.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
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