Solana (SOL) And Polygon (MATIC) Fall Behind Collateral Network (COLT) As It Races Ahead With 40% Gains 

| Publish date: 05/03/2023 (Last updated: September 10, 2023 09:03 AM)
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Solana (SOL) and Polygon (MATIC) holders have exhibited concerns as both tokens face price decreases. Meanwhile, Collateral Network (COLT) is sailing smoothly and is way ahead of the game with 40% gains and growth predictions of 3500%. 

Collateral Network (COLT)

Collateral Network is considered by many as the next big thing in crypto, set to revolutionize not only the crypto market but also the lending industry. Collateral Network is the first-ever decentralized lending platform on the blockchain that allows holders to leverage real-world assets (cars, jewelry, precious metals, fine art) to get a crypto loan. 

It mints leveraged assets into NFTs and allows lenders on the platform to buy fractions of the NFTs and fund borrowers’ loans. The NFTs are 100% asset-backed, and lenders who finance loans get weekly fixed interest payments as a return for funding the loans. 

COLT tokens are available to buy at presale. Investors and experts believe it has a 3500% growth potential and can bring 40% gains to holders!

With a unique platform that transcends the crypto space and transforms the trillion-dollar asset backed industry, Collateral is uniquely positioned to become a blue chip crypto and a future mainstay.

Solana (SOL)

After the release of the Mad Lads NFTs, Solana (SOL) saw a large increase in NFT sales. It gained thousands of unique sellers and buyers during the last few days, but the price of the Solana (SOL) token is still facing a downfall, regardless of the boost in sales.

At the time of writing, Solana (SOL) is priced at $20.88 per Solana (SOL) token, a 3.34% decrease in the last 24 hours. Also, the Solana (SOL) market cap is down by 3.42%, while the Solana (SOL) trading volume is down by 11.10%. 

Analysts and experts are unsure how Solana (SOL) prices will move in the future as Solana (SOL) plans to release the Solana (SOL) smartphone in early May while still moving on from its ties to FTX. Solana (SOL) has been experiencing constant ups and downs in price, with some expecting price increases after the release of the Solana smartphone. 

Polygon (MATIC)

Recently, a whale transferred 60 million Polygon (MATIC) tokens to an exchange, causing an increase of Polygon (MATIC) coins supply of 7.92%. And even though some see this transfer as an indication of high activity and liquidity in the Polygon (MATIC) market, others are skeptical and fear that this will hurt the Polygon (MATIC) network.

The whale might intend to sell the 60 million Polygon (MATIC) coins, which will lead to further price reductions of the MATIC coin. 

At the time of writing, Polygon (MATIC) is trading at $0.9578, a 4.23% decrease in the last 24 hours. The Polygon (MATIC) market cap is also down by 3.63%, while the Polygon (MATIC) trading volume is down by 8.69%. However, experts believe that if the overall market sentiment remains positive, Polygon (MATIC) could go up to $1.5 in the following few weeks. 

 

Read 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 

 
Chainbits is not the source of this content. This article is provided for educational purposes only. Users should exercise caution with investing/dealing with cryptocurrencies and do thorough research prior.
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