Since its inception in 2015, Ethereum (ETH) has remained at the top of the crypto world. However, the recent Shapella upgrade has left many investors withdrawing from the network and switching to a new DeFi project on the market that is predicted to surge 35x during its presale. Additionally, experts anticipate a 100x increase when it hits exchanges.
The Ethereum Shapella Upgrade
Ethereum (ETH) is the second biggest cryptocurrency by market cap, valued at over $216 billion. Moreover, the Ethereum (ETH) decentralized blockchain allows secure execution and verification of smart contracts.
Recently, Ethereum (ETH) released its latest Shapella upgrade, allowing Ethereum (ETH) stakers to withdraw their staked Ethereum (ETH) tokens for the first time. As a result, over 1.37 million Ethereum (ETH) have been unstaked, roughly worth $2.56 billion.
More specifically, analysts say that 650,000 ETH was deposited into the Ethereum (ETH) staking contract, meaning a net of 720,000 ETH was withdrawn.
This new-found freedom that Ethereum (ETH) investors have recently experienced has enabled them to take their investments elsewhere, with most of them looking to a new DeFi project that aims to outperform most of the market, including Ethereum (ETH).
What Is the New DeFi Project That Ethereum Holders Are Switching To?
The inspiring new project that has attracted the attention of Ethereum (ETH) holders is called Collateral Network (COLT). Collateral Network (COLT) is set to revolutionize the crowdlending industry with its innovative DeFi platform that enables borrowers to use their real-world assets as collateral and borrow against them on the blockchain.
Essentially, borrowers can use their watches, collectibles, jewelry, and other valuables and send them to Collateral Network (COLT), where the asset will be evaluated via AI to ensure a fair price. Then, the Collateral Network (COLT) team mints an NFT of the asset and fractionalizes it into smaller pieces, enabling many people to lend money and receive fixed-interest payments in return.
And once the borrower pays the loan back, Collateral Network (COLT) redeems the asset from its highly-secured vault and burns the NFTs.
Collateral Network (COLT), currently in its presale, has sky-rocketed to the top of investors’ lists following a 40% price surge in the last few weeks. Additionally, experts believe the Collateral Network (COLT) project is expected to deliver 100x once it gets listed on exchanges, making it a very attractive investment with real-world practicality.
What Makes the Collateral Network (COLT) Poised for a 3500% Increase?
Alongside its revolutionary decentralized protocol, the Collateral Network (COLT) offers many other exclusive advantages that make experts predict a massive surge. Some of the benefits that COLT offers are listed below.
- Fixed Passive Income: Investors can get weekly fixed passive income by lending money to borrowers.
- Better Liquidity: Each NFT is backed 1-to-1 by the physical asset, which is held in the highly-secure COLT vault.
- Security: If a borrower defaults on a loan, COLT repossesses the underlying asset and sells it at a private online auction that investors can access.
- Fast Turnaround: Assets can be liquidated within 24 hours.
Collateral Network (COLT) is one of the most promising crypto projects currently in the DeFi market, predicted to deliver 35x gains to investors. And, with its fully doxed team and long-term road map, Collateral Network (COLT) is aiming for the top stop in the DeFi industry.
Learn more about the Collateral Network presale here: