Based on the current performance of Solana (SOL) in the market, crypto investors are looking for more lucrative opportunities. According to analysts, Ripple (XRP) and Collateral Network (COLT) present better returns than Solana (SOL) at the moment. Collateral Network is currently in the first stage of the presale, with the prices rising by 40% so far.
Why You Need to Think Beyond Solana (SOL) in Your Investment Portfolio
Solana has been breaking down from its support level since the start of the year. The breakdown below its support level only means that the Solana rise could be coming to an end. According to crypto analysts, Solana could as well be going lower than its support level and possibly on a bearish trend.
However, Solana can’t be completely written off as a high-performance blockchain project. Solana still provides higher scalability, low transaction fees, and security that its rivals, such as Ethereum, significantly lack. With the potential to handle over 65,000 transactions per second, Solana is still the go-to platform for most decentralized apps and NFT developers.
Despite the benefits that Solana provides, SOL prices have been relatively flat throughout the month of April. The ripple effects of the FTX saga may have subsided, but Solana (SOL) is still to return to its February high of $26.50.
Solana investors are hopeful that SOL will soon return to its 2023 peak of $26.50 in the coming months. However, Solana (SOL) has lost over 2% of its market cap in the last week, which is why many of its investors are now turning to Ripple (XRP) and Collateral Network (COLT) as the better option.
Ripple (XRP) Set to Surge After the SEC Court Case
Since the beginning of 2023, Ripple has continued to attract much interest in the cryptocurrency world. As more evidence is presented in favor of Ripple in its court case against allegations by the SEC, the demand for XRP has significantly increased. The market mood has also significantly increased in favor of Ripple.
According to the latest reports, Ripple’s ledger has expanded with more than 79 million XRP ledgers and counting. This demonstrates Ripple’s growing popularity and ability to change traditional financial institutions.
The SEC lawsuit is nearing its conclusion, which is expected to give a positive conclusion and solidify Ripple’s position as a top contender in the cryptocurrency world. If you are looking for a more promising alternative to Solana, Ripple is a good option to explore.
Collateral Network (COLT) is Set to Streamline the Crowdlending Sector
Collateral Network is another good option to consider if you want to replace Solana in your crypto investment portfolio. Collateral Network is an innovative new project set to disrupt the lending market, currently estimated to be worth $4.5 trillion.
Collateral Network is a decentralized lending platform seeking to streamline the crowdlending sector by providing borrowers with a simpler and faster platform to unlock liquidity against their physical assets that are used as collateral for the loan.
On the other hand, lenders on the platform are able to receive passive income by providing liquidity for the loan. To do so, Collateral Network combines the technology of NFTs, physical assets, and crowdlending.
Collateral Network makes this possible by minting NFTs backed 100% by borrowers’ physical assets, such as jewelry, cars, luxury watches, and real estate, that act as collateral. Then, the NFTs are fractionalized into pieces, enabling multiple lenders to buy as many fractions as they wish. By providing lenders with the possibility of lending smaller amounts, they can become their own mini-banks and build a diversified portfolio of loans.
The goal of Collateral Network is to democratize and decentralize the traditional lending industry, which is characterized by endless limitations and entry barriers.
Collateral Network is currently in its presale stage, with the price of COLT tokens at $0.014, a 40% gain from the original presale price of $0.001. COLT tokens have numerous benefits, including discounts on transaction/borrowing fees and access to auctions of distressed items.
Given that the lending industry is expected to reach $1.7 billion by the year 2031 and the fact that analysts expect the price of COLT to reach $0.35, representing 35x gains by the end of the presale, this is the best time to invest in the project. Once the token is listed in major exchanges, the price is expected to increase by 100x.
For more information on Collateral Network visit the website, join the presale or join the community for regular updates.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Presale: https://presale.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
