Altcoins are thriving to stay on a bullish trend with the likes of Optimism (OP) and Ripple (XRP) responding positively to events. Optimism climbed by 4% as it welcomed a new client and Ripple has increased in value by 3.2% in the past 7 days in alignment with Bitcoin (BTC). Meanwhile, Collateral Network (COLT) has already seen predictions of a 35x price increase due to the project’s potential to revamp the lending industry.
According to a report by U.today, Optimism recorded a drastic 4% growth on April 20, 2023, whereas most protocols were seeing repression in their prices. As it stands, Optimism has now added 10% to its value over the week, taking the lead among other layer 2 protocols.
This impressive growth can be associated with the fast-expanding Optimism ecosystem. The Optimism protocol has welcomed several innovations designed to maintain and boost its tech stack. Magi, a brand new rollup client written in Rust, is one of the latest innovations. The famous a16z Crypto developed Magi to improve client diversity and the resilience of the entire Optimism Stack ecosystem. Optimism (OP), at the time of writing, is trading at $2.43.
Earlier this week, Ripple (XRP) increased in value by 3.2% with one Ripple being worth $0.52. Experts at The Crypto Basic believe that Bitcoin’s consistent increase in daily trading since the 4th of March is a major contributor to this spike in Ripple. The way it is going, Ripple may hit highs of $0.55 and higher over the next few months.
Moreover, Ripple has high growth potential because of its relevance in the financial industry. Ripple aims to connect financial institutions with payment providers, exchanges, and corporations that suffer from poor infrastructure and complex payment systems.
Collateral Network (COLT)
Collateral Network is a new DeFi project that is disrupting the lending industry by applying NFT technology to help borrowers unlock liquidity from their physical assets. Also, Collateral Network users can provide loans to borrowers through the use of fractionalized NFTs.
Collateral Network benefits both borrowers and lenders. While lenders generate passive income from fixed interest rates, borrowers receive cash without having to physically sell their assets.
Borrowers deposit their physical assets, such as real estate, gold, or art as collateral. NFTs are minted to represent these assets.
Its multi-chain network, industry-leading privacy, competitive rates, and full transparency, among other excellent features, make Collateral Network a leader in the crowdlending market.
Experts predict a 3500% growth for Collateral Network (COLT). Don’t miss out on this crypto biggy, join the ongoing presale to buy the Collateral Network token at a cheap price.
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