Solana (SOL) is still well below its all-time high of $110, while Dogecoin (DOGE) is down 6%. While some crypto tokens suffered price decreases in April, the bear market did not affect them all – in fact, Collateral Network (COLT) pumped 40% in one week and is expected to retain its multiple-digit growth trend in the near future.
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Solana (SOL) Price Prediction
Solana’s SOL crashed after the FTX meltdown when it was trading around $38. Now it trades around $22, so many are wondering whether Solana’s SOL has any chance of reaching its all-time high of $110.
It’s important to note that one of the major catalysts for Solana (SOL) is the Saga mobile phone. This is the first crypto phone which aims to make crypto accessible for everyone. With features such as the Solana Pay network, Solana Mobile Stack, and its own mobile app store, Solana (SOL) could turn into the first project that makes mobile crypto a reality.
While there is a possibility that Solana’s (SOL) crypto mobile will not commercially perform as well as expected, it’s still likely that Solana (SOL) could reach as high as $100 this year if its Web3 strategy works out.
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Dogecoin (DOGE) Is Down 6%
Dogecoin (DOGE) has been up and down lately, recording high volatility. Tied to Elon Musk, the token has a long history of going up and down based on the ‘dogefather’s’ catalysts.
Dogecoin (DOGE)’s ups and downs seem to be related to Musk’s popularity – which makes it a highly speculative asset. Overall, meme coins, including Dogecoin’s DOGE, have been underperforming the general market this year, so you may want to consider other investments, especially if you are keen on a good risk management strategy. This is because Dogecoin (DOGE) and other meme coins simply lack key fundamentals to make a good long-term investment decision.
It’s not a wonder that investors no longer react the same when Musk markets Dogecoin (DOGE). One example is when Musk changed the Twitter logo for a Shiba Inu dog, the mascot of Dogecoin (DOGE), which led to a short-lived rally of 30%, then the price dipped.
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Collateral Network (COLT) Explodes: Price Is Up by 40%
If there is anything that savvy investors have learned from the 2022 crypto bear market, it’s investing in projects with real-world use cases and robust potential to deliver value in the long term. Collateral Network (COLT) does just that.
Collateral Network (COLT) is the first crowdlending platform in the world where borrowers can use physical assets (such as diamonds, luxury watches, cars, or fine art) as collateral to obtain a loan. The Collateral Network (COLT) platform mints an NFT representing the physical asset and fractionalizes it, enabling multiple lenders to contribute small amounts of money to a single loan. In return, lenders obtain a fixed interest rate for the duration of the loan.
For the same period, the borrower’s physical asset is stored in Collateral Network (COLT)’s vault. In case a borrower defaults to return the loan and interest, the platform will auction the physical asset within the community to return their investments to lenders.
Collateral Network (COLT)’s users can be lenders and borrowers simultaneously. The lenders are individuals that own cryptocurrencies and want to generate passive returns.
Collateral Network’s native coin, COLT, has moved to its next presale stage and recorded a 40% price increase. More and more investors discover this hidden gem as analysts predict it will reach $0.35 soon, up from only $0.014, its current price, with an overall predicted growth of 3500%.
Summary
Solana (SOL) may have a bright future if it manages to navigate the challenges of the crypto industry, while Dogecoin (DOGE) is quite likely to continue to underperform the broad market. Collateral Network (COLT) is a new project, but its tremendous growth potential and many real-world use cases have already spiked its price by 40%, and it is predicted to keep growing multifold.
If you wish to purchase the $COLT token for only $0.014, follow the links below and take advantage of this unique opportunity to earn an extra 40% purchase bonus on your investment!
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
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Source: https://www.thecoinrepublic.com/2023/05/05/solana-price-prediction-dogecoin-down-6-collateral-network-colt-pumps-40-higher/