Collateral Network (COLT) Leaps Ahead In Popularity As Solana (SOL) and FTX Token (FTT) Dip

Some of the most experienced people in the blockchain know that projects in the presale phase can provide solid returns, even in a bear market.

Not every single cryptocurrency will perform similarly under the same market conditions. As such, some projects like Solana (SOL) and FTX Token (FTT) have seen decreases in value while others will see a jump in value.

One project currently is its presale, Collateral Network (COLT), has grabbed a lot of attention from market experts who have predicted 3500% growth by the time the presale ends.

Today we will see why this is the case.

Solana (SOL)
Solana (SOL) is a blockchain network that aims to offer high speed and throughput, processing thousands of transactions per second (TPS). This is possible on Solana (SOL) due to its implementation of Proof-of-History (PoH).
The Solana (SOL) cryptocurrency is used for the payment of transaction fees, as well as for taking.

When we go over the value of the Solana (SOL) cryptocurrency, as of March 11, 2023, its value is $17.89. On November 6, 2021, the Solana (SOL) cryptocurrency reached an all-time high of $259.96. This means that Solana (SOL) is trading at 93.17%, under its all-time high. Additionally, in the last seven days, the Solana (SOL) cryptocurrency saw a decrease in its value by 15.24%.

As a result of this bearish momentum, investors will likely diversify their portfolio to feature other cryptocurrencies aside from Solana (SOL), such as Collateral Network (COLT).

FTX Token (FTT)
The FTX Token (FTT) initially saw a high level of appeal when it was utilized on the FTX Exchange before its collapse.
FTX Token (FTT) was used as a utility token across the broader FTX Ecosystem. The holders of the FTX Token (FTT) would be able to get socialized gains from the insurance fund and could lower their trading fees or get various OTC discounts. However, today, its value is far lower than ever before.

For context, on September 9, 2021, the FTX Token (FTT) cryptocurrency reached an all-time high of $84.18. As of March 11, 2023, FTX Token (FTT) is trading at $1.02. This means the FTX Token (FTT) cryptocurrency is trading 98.79% lower in value. In the last seven days, FTX Token (FTT) also decreased by an additional 19.70%, and in the last 24-hours alone, it saw a decrease of 4.33%.

With this in mind, investors will likely avoid FTX Token (FTT) and look at alternative projects, such as Collateral Network (COLT).

Collateral Network (COLT)
Collateral Network (COLT) is the world's first crowdlending platform that is transforming the traditional lending industry and bringing it into the Web3 space.

It makes it easy for borrowers to unlock cash from their physical assets. On Collateral Network (COLT), borrowers can borrow against their physical assets utilizing the power of blockchain technology and asset backed NFTs.

So how does it work?
Mario has a Bugatti Chiron worth $2.9 but requires a loan of $500,000 to complete a property development project.
Collateral Network (COLT) would perform the necessary checks and take control of the asset. They will then mint an NFT of the Bugatti Chiron that represents the physical version of the car. The NFT is fractionalized into smaller pieces which means anybody no matter your location will be able to contribute to the loan in smaller amounts but still receive the same rate of agreed interest (paid weekly).

For Mario this is great as he no longer has to sell the asset to unlock liquidity, or try and find one individual or entity to fund the loan. For the lenders they can now participate in the lucrative lending market and earn a fixed passive income.

COLT is the native token of the platform. The team tokens will be locked for three years, and the liquidity will be locked for 33 years. The smart contract has also been successfully audited.

The Collateral Network (COLT) presale is underway and already market experts have expressed bullish sentiment towards to the project indicating a 35x on the current price of $0.01