There’s never been a better time to get involved in the DeFi market. Innovative new projects are bringing exciting new applications to the industry, while established projects are booming, offering investors great returns.
With the market showing no signs of slowing down, there are a number of opportunities for experienced and new investors. But where should you start? To help kick start your portfolio, we’ve listed the top DeFi projects to invest in to make the best possible returns in 2023.
1) Collateral Network (COLT)
Collateral Network (COLT) has the highest potential to surge out of any project on this list. It’s designed to revolutionize the market for peer-to-peer lending using DeFi technology. With Collateral Network (COLT), borrowers can borrow against their physical assets digitally by bringing them on-chain.
Let’s say an individual wants to use their supercar worth $150k as loan collateral. This would be sent to Collateral Network (COLT), where a team of experts will authenticate and value the asset. This is then stored securely, and an asset-backed NFT is minted.
The NFT is fractionalized to let investors get involved without offering the full amount upfront. Investors who become lenders will earn a fixed interest rate, and the borrower must then pay the loan with interest. Once paid, the NFT is burnt, and the asset is returned.
Collateral Network (COLT) offers a number of advantages over traditional crowlending processes, including a fast turnaround in just 24 hours, outstanding security with 2FA security options, full transparency, and flexible rates. In addition, all borrowing is discrete and will never leave a footprint on the borrower’s credit file.
Should a borrower default on their loan, their asset will be repossessed and sold at a private auction to ensure investors receive their money. These auctions will be accessible to COLT token holders who purchased tokens during the Collateral Network (COLT) presale.
The Collateral Network (COLT) team is fully doxxed, and the project is KYC audited, with a detailed roadmap in place designed for long-term success. With huge potential to revolutionize the crowdlending market, Collateral Network (COLT) tokens are expected to surge in price by 3500% in the next six months, increasing from $0.01 to $0.35. Having already increased from $0.01 to $0.014 during its presale, investors believe Collateral Network (COLT) will hit new highs in the next few weeks.
2) Ethereum (ETH)
Ethereum (ETH) is the second largest cryptocurrency and largest blockchain in the world. The project recently made headlines following its Shanghai Upgrade, which lets investors staking their Ether (ETH) withdraw their staked assets for the first time. While analysts initially questioned whether or not this would have a positive or negative impact, Ethereum (ETH) is booming.
In the last 24 hours Ethereum (ETH) increased in price by 10%, breaking through its initial $2000 price barrier and pushing past $2100. This increase marks a weekly price rise of 15.17%, with additional price increases predicted throughout April.
While Ethereum (ETH) booms, many investors are taking their Ethereum (ETH) out of exchanges and staking it, with 16% of all Ether (ETH) in circulation currently staked. Although this number is lower than Ethereum (ETH) competitors such as Solana (SOL), it continues to rise as bullish investors stake their assets.
3) Uniswap (UNI)
Uniswap (UNI) has taken advantage of recent negative trends around centralized exchanges. While the US Securities and Exchange Commission (SEC) doubles down on exchanges like Kraken, Uniswap (UNI) has grown in popularity as more investors look for decentralized trading options. Having recently launched a mobile wallet, Uniswap (UNI) has become significantly more accessible to users worldwide, which is predicted to drive up its user base further.
This UNI update has also been positive for Uniswap (UNI) token holders, with the project surging in price by 8.03% in the last five days. One Uniswap (UNI) token is worth $6.34 at the time of writing after struggling to rise above $6 earlier in the month. As the UNI user base grows, Uniswap (UNI) will only increase in value, making it a strong investment in 2023.
4) Aave (AAVE)
Aave (AAVE) is a leading Ethereum (ETH) based DeFi protocol that lets individuals lend and borrow cryptocurrency. The Aave (AAVE) project was first released in 2020 and hit all time highs of $661.69 in 2021. Despite this rise, Aave (AAVE) has since decreased in price like much of the crypto market.
Following Ethereums’ (ETH) recent success, Aave (AAVE) has surged in value by 9.90% in the last five days, with one Aave (AAVE) token selling for $83.20 at the time of writing.
However, the growth of Aave (AAVE) has been somewhat slowed by a recent exploit in Aave V1. The exploit has been quickly addressed by Marc Zeller, the head of Aave (AAVE) integration, who stated that Aave V1 has been frozen since December 2022. As a result, this exploit is unlikely to impact users.
5) Avalanche (AVAX)
Although commonly overlooked by its larger competitors, Avalanche (AVAX) is the third-largest blockchain in the DeFi market and has huge potential to grow in the future. Avalanche (AVAX) had a strong start to April following stable growth in March, with daily active addresses reaching over 70k.
Avalanche (AVAX) transactions are also booming, with transaction costs hitting a monthly high on April 11th. This news has sparked a 10% price increase in Avalanche (AVAX) in the last five days, marking a 12.87% growth in the last month. One Avalanche (AVAX) token is selling for $19.16 at the time of writing, with analysts predicting that Avalanche (AVAX) will pass $20 by the end of April.
Conclusion
With the DeFi industry quickly growing in popularity, it’s only a matter of time before we see crypto projects impact our everyday lives. By getting involved early, investors can capitalize on early growth stages, making huge returns on their investments.
These five projects are a great way to get started, with Ethereum (ETH) and Avalanche (AVAX) offering great stability, Aave (AAVE) and Uniswap (UNI) having great long-term potential, and Collateral Network (COLT) on track to offer higher returns than most projects in the market.
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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