As the fourth month of 2023 wrapped up, most investors were clueless about where the market will trend next. Nevertheless, there are opportunities to make a profit with coins like Solana (SOL) pumping with NFT sales, Cardano (ADA) seeing more adoption, and Collateral Network (COLT) with a 3500% growth prediction.
Does Solana have an NFT marketplace?
Solana (SOL) is an efficient and cost-effective smart contract platform that hosts a wide variety of dApps. Also, the Solana ecosystem houses some of the most valued NFT collections in the crypto space.
Recently, Mad Lads, an NFT collection based on Solana, rose to the highest rank of most sold NFTs, overtaking Ethereum’s BAYC with over $700k in sales. This is a bright spot for the Solana world after some rough months of witnessing the collapse of exchange FTX, the downfall of close ally Sam Bankman-Fried, and the exit of two prominent NFT projects on Solana – DeGods and y00ts.
This development has made a positive impact on the price of Solana (SOL), which has climbed up by 9% in the past 30 days. Solana (SOL) is priced at $21.82 as of press time.
What merchants accept Cardano?
Cardano (ADA) is a decentralized and open-source public blockchain for the execution of smart contracts. Interestingly, Cardano is the first platform developed with a peer-reviewed research paper. Also, Cardano combines the Ouroboros proof-of-stake mechanism and RINA technology to boost scalability. And the Cardano token is used for peer-to-peer transactions.
Recently, Binance Pay partnered with ivendPay, an international payment service that allows businesses to accept cryptocurrency payments. Since Cardano is one of the supported assets, it means holders can make payments using Cardano. Over 400 merchants in seven different countries make use of ivendPay.
As of press time, Cardano (ADA) is trading at $0.41, which is an 18% rise in the past 30 days.
Collateral Network (COLT) is revolutionizing the lending industry
Collateral Network (COLT) is a DeFi platform that is revolutionizing the lending industry. With Collateral Network, individuals can unlock liquidity by minting NFTs against valuable physical assets such as luxury watches, fine wine, jewelry, real estate, and artwork. These assets act as collateral for the loan. Furthermore, the NFTs are then fractionalized, allowing several lenders to fund the loans, even with small amounts. Borrowers receive instant funds, and lenders gain a fixed interest rate paid weekly.
Additionally, Collateral Network ensures a transparent and reliable environment for all parties involved. All contract data is kept in the NFT’s metadata and held on the Ethereum (ETH) blockchain, which cannot be deleted or altered. This makes for a safe and trustworthy platform that everyone can rely on.
And let’s not forget about the Collateral Network token, which powers the entire ecosystem. Holders of this token enjoy staking rewards, reduced borrowing, and trading costs, membership to the VIP club, and governance rights.
The Collateral Network token is currently available for just $0.014 in its ongoing presale. However, experts predict that its value may reach $0.35 in the next five months. So join other crypto buyers to get in early on Collateral Network and prepare for massive gains.
For more information on Collateral Network visit the website, join the presale or join the community for regular updates.
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