Since the crypto market is flooded with projects, finding the best investment option becomes challenging. But with Collateral Network’s (COLT) presale becoming an instant hit in the crypto world, it is not difficult to know what the crypto community’s hype is, especially when the token is set to reach 100x by the end of 2023. On the other hand, Decentraland (MANA) and Solana (SOL) have struggled to maintain a balance in growth metrics.
Decentraland (MANA) Begins AlUla Skies Festival
After concluding the 2023 Metaverse Fashion Week (MVFW), Decentraland has kicked off the AlUla Skies Festival. This is a one-of-a-kind experience in the Decentraland metaverse as it will allow visitors to take a hot air balloon ride and enjoy the sights of famous Saudi monuments.
Decentraland users can enjoy the famous Saudi festival in a virtual environment. With this event, Decentraland aims to attract new users to its metaverse, as the user count on Decentraland has been continuously declining. Even the fashion week was unable to bring new users to Decentraland.
Subsequently, the market value of Decentraland (MANA) has fallen by more than 22% in the past month. Currently, Decentraland (MANA) is trading at $0.46.
Solana (SOL) to Start Shipping Saga Mobile
Solana has announced that it is ready to ship the Andriod smartphone Saga to seven countries, including the EU, US, and Australia. Since Solana is the first blockchain protocol that has designed and launched a Web3-focussed mobile phone, there has been bullish sentiment around the product.
Solana’s price movement has also responded positively to the development. Solana (SOL) has moved around 1.5% up on the monthly price chart. Thus, Solana (SOL) is currently changing hands at $19.66. Solana’s Saga comes with Seed Vault, an application store from which mobile users can access several decentralized applications. Experts believe that Saga can give a boost to Solana’s adoption.
Collateral Network (COLT) Continues Dominating the World of Cryptocurrencies
Collateral Network is a blockchain-based crowdlending network set to revolutionize the lending industry, currently estimated to be worth $4.5 trillion. Collateral Network helps users to unlock liquidity against their physical assets, such as fine wines, cars, watches, and more, at a competitive interest rate.
Users seeking liquidity must send their physical assets to Collateral Network, which utilizes an artificial intelligence-based process to validate and evaluate the collateral. The platform then mints and fractionalizes NFTs against the physical assets of borrowers. These collateralized assets are stored in the company vaults. Once borrowers repay the loan and interest, they can reclaim the physical possession of their assets.
Multiple investors can purchase these NFTs fractions and grant funds to one or several loans. They will receive an income every week from the loan´s interest. COLT tokens run on the Ethereum network and will help power the Collateral Network ecosystem. Additionally, the tokens have multi-chain capabilities and will be bridged onto additional blockchains as well.
COLT holders can lock their tokens to the liquidity pool to generate additional income. The company will lock the liquidity pool for 33 years to maintain stability.
As per market analysts, the market price of Collateral Network (COLT) will surge by 3500% before the completion of the presale phase and a further 100x once it hits major exchanges. Over 71 million COLTs have been subscribed, and it will not be long before all presale tokens get sold out. With COLT tokens currently available at $0.014 and a 40% deposit bonus available for a limited time, this is the best time to acquire your COLT tokens.
For more information on Collateral Network, visit the website, join the presale, or join the community for regular updates.
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