The world of cryptocurrency is constantly changing, with new coins and trends emerging seemingly overnight. In this article, we will take a closer look at the recent developments of Solana (SOL), Avalanche (AVAX) and Collateral Network (COLT), which has seen an impressive surge in price this week.
Solana (SOL) Price Prediction
According to Forbes, Solana (SOL) has been actively traded and has a value of $20.89 as of March 31st 2023. According to Changelly, Solana (SOL) is expected to have a minimum cost of $24.74 and a maximum of $29.84 in 2023. According to Cryptonews, Solana (SOL) has jumped up 68% in just two weeks and has upheld support above $20 against all odds.
Even when the Bitcoin market is quiet, the Solana (SOL) price typically increases. So regardless of the crash in 2022, which was made worse by Sam Bankman-Fried’s FTX exchange failure, Solana (SOL) still has a flourishing community and network for apps and smart contracts coins.
The most recent information indicates that the Solana (SOL) price is $22.34, and SOL is currently placed at number 10 overall in the cryptocurrency ecosystem. The market capitalization of Solana (SOL) is $8,741,973,255, and the circulation quantity is 392,495,434 SOL.
Avalanche (AVAX) Price Prediction
Avalanche (AVAX) has been showing positive characteristics in May 2023 with a strong bullish movement and the price increase, expected to reach new highs. Cryptocurrency experts predict that the minimum Avalanche (AVAX) trading cost will be $15.97, while the maximum will reach $17.03 this month. On average, the value of Avalanche (AVAX) is expected to be around $16.58.
According to some sources, Avalanche (AVAX) is a highly promising and innovative blockchain platform that has caught the attention of the crypto market, raising investors’ hope for a bright future.
Avalanche (AVAX) sold at $16.78 in late March 2023. Although this may appear modest compared to the record-high price of $146.56 in February 2021, it is important to look at the technical signs that point to an Avalanche (AVAX) sharp price increase in April. Future growth can be supported by strong support levels at about $15, and today’s Avalanche (AVAX) price is still above this level.
According to the Relative Strength Index (RSI), the market is neither overvalued nor oversold, fluctuating around 50. Further evidence that an Avalanche (AVAX) upward trend might be imminent comes from the Moving Average Convergence Divergence (MACD), which has been gradually convergent. Additionally, the daily chart’s bullish trend development suggests that the trend may support Avalanche (AVAX) bulls.
Collateral Network (COLT)
Collateral Network (COLT) is a decentralised crowdlending platform that allows multiple lenders to back the funding of loans while they earn a fixed interest rate paid by the borrowers. Due to its innovative approach to the lending industry, Collateral Network (COLT), whose price at presale is $0.014, has been predicted to grow by 3500%.
So, how does it work? A borrower sends a physical asset as collateral to Collateral Network (COLT). Once Collateral Network (COLT) has authenticated and valued the item, the platform creates an NFT that reflects the asset’s physical form and value. Then, the NFT is fractionalized into smaller units which lenders can lend small amounts of money towards.
The Collateral Network (COLT) novel method of bringing off-chain goods on-chain is fantastic for borrowers and lenders. Borrowers are not limited to a particular geographic area and can access money for their possessions from anyone. The cash can be delivered secretly in as little as 24 hours without affecting their credit report.
Borrowers using the Collateral Network (COLT) platform now have the opportunity to utilize institutional-level liquidity because the facility makes it possible for multiple lenders to fund the loans. Conversely, Collateral Network (COLT) lenders can participate in the profitable lending market and generate passive income by building their loan portfolios and acting as their own financial institutions.
Collateral Network (COLT) can completely transform the multibillion-dollar lending market with its avant-garde lending strategy. The best part is that during the first stage of the current presale, COLT tokens could be bought at a discount price of just $0.014 and has a projected 3500% price increase to $0.35 before the end of the presale phase, providing an appealing chance for early investors.
If you are looking to benefit from COLT’s predicted rise from $0.014, check out the links below to find out how you can benefit from a 40% purchase bonus.
Read more about the COLT presale here:
Website: https://www.collateralnetwork.io/
Presale: https://app.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
