Bitcoin is one of the most popular cryptocurrencies, but it is crucial to look into others as well to diversify your portfolio. Here are the top three cryptocurrencies that are doing well and should be considered for a well-rounded portfolio: Ethereum (ETH), Solana (SOL), and Collateral Network (COLT).
Ethereum (ETH) is a market leader and has multiple use cases which underpin its value. Launched in 2015, ETH is currently priced at around $1,909 and has increased by nearly 60% YTD (year to date).
In the next few weeks, Ethereum remains bullish thanks to the much-awaited Shanghai upgrade. This will allow users to withdraw their staked ether since December 2020. This could push ETH to newer highs as it keeps regaining ground.
Finally, ETH has been known as one of the most stable coins in the crypto industry. Therefore, this could be a great opportunity to diversify your portfolio at a lower risk.
Solana (SOL) is also one of the most important cryptocurrencies in the market. Its performance is based on the fact that it comes as an improvement over Ethereum – it can perform more transactions per second and it is cheaper.
At the end of 2022, Solana’s price crashed due to the FTX and Alameda Research bankruptcies. However, in the first quarter of this year, SOL’s price has been recovering significantly – it rose by about 100%.
In the next months and even years, Solana is expected to deliver value to its holders via network upgrades and several developments – one example is the compressed NFTs, which will be released on Solana’s network soon.
Solana (SOL) may be one of the main gainers in 2023, which means it is a great cryptocurrency if you are seeking stability with reasonable growth.
Collateral Network (COLT)
If you’re looking for high-growth projects with great potential, Collateral Network (COLT) may be exactly what you need. This innovative platform seeks to reinvent the crowdlending industry, which opens the door for up to 35x growth in the near future.
COLT is used on the Collateral Network platform by lenders and borrowers. In simple terms, anyone can now take a loan in less than 24 hours by using their physical assets as collateral. Accepted goods include cars, real estate, luxury watches, gold or diamonds, fine art, and many more. The platform stores the physical asset in a secured vault and mints asset-backed fractionalized NFTs.
Lenders provide liquidity on the platform via these NFTs and in return, they receive the borrowers’ interest payments. Also, lenders generate income by trading their loan portfolios on the secondary market or by staking their COLT tokens.
Using artificial intelligence, multiple security measures, and high-end technology, Collateral Network (COLT) is one of the most favorite investments of 2023, expected to increase by 3,500% from only $0.01.
Ethereum (ETH), Solana (SOL), and Collateral Network (COLT) are three essential cryptocurrencies to consider for your portfolio. Regardless, make sure you do your due diligence and analyze the long-term growth potential and fundamentals thoroughly before investing in any asset.
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