The 2022 bear market took a toll on crypto traders, with many expressing their frustrations over the market performance. Investors are doubtful about the future of Filecoin (FIL) and Solana (SOL) and whether they will bow to the sell-off pressure.
Orbeon Protocol (ORBN) is showing impressive gains in its price during the fifth phase of its presale. Meanwhile, Collateral Network (COLT) is gaining strength and is set to become the next big altcoin that will dominate the crypto space in 2023.
Here is what you need to know about these altcoins and if you should invest in them in 2023.
Filecoin (FIL)
Filecoin (FIL) is a public blockchain-based digital storage provider that incentivizes a network of computers to offer storage space for everyone. Filecoin (FIL) allows users to rent hard drive space on their computers for a fee.
Formed by Protocol Labs, Filecoin (FIL) allows you to shred your documents and save them on various computers instead of storing them in one place. This makes it impossible for criminals to piece the document together.
According to CoinMarketCap, FIL, the native token of Filecoin (FIL), trades at $5.23 currently. Filecoin (FIL) has a market cap of $1.9 billion and Filecoin (FIL) has a 24-hour trading volume of $195 million. Based on the use cases and demand for decentralised cloud space, Filecoin (FIL) is predicted to boom in 2023.
Solana (SOL)
Solana (SOL) is a Proof-of-Stake blockchain designed to power decentralised applications without sacrificing security, scalability, and speed. Developed by Solana Labs & Solana Foundation, Solana (SOL) can handle thousands of transactions in a second at a cheaper fee. SOL is the native token that powers the Solana (SOL) ecosystem.
Solana (SOL) was one of the best-performing cryptocurrencies in 2021, hitting an ATH of $259 in November. Solana (SOL) has shed 96% of its value since then, trading above $23, according to CoinMarketCap.
With demand for scalability, speed, and low fees at an all-time high, Solana (SOL) is in pole position to be the most deployed blockchain. Based on this, Solana (SOL) has so much potential, making it one of the best altcoins to invest in 2023.
Orbeon Protocol (ORBN)
ORBN is the native currency of Orbeon Protocol (ORBN), a blockchain-based launchpad for funding upcoming crypto projects. Orbeon Protocol (ORBN) allows promising projects to access funds easily, a challenge they constantly face in the crypto space.
The Orbeon Protocol (ORBN) platform ensures everyone partakes in the funding rounds of some of the most promising early-stage crypto projects by owning fractionalized NFTs minted by the platform on behalf of the project. Owning Orbeon Protocol (ORBN) tokens will give you access to the platform’s voting and funding section and other exciting perks.
Orbeon Protocol (ORBN) is currently in the fifth phase of its public presale, which ends in March 2023. At launch, the Orbeon Protocol (ORBN) token price began at $0.004 but now trades at $0.071, a clear sign that the token has impressive potential. Experts predict the price to increase by 6000% before the Orbeon Protocol (ORBN) presale ends.
Collateral Network (COLT)
Collateral Network (COLT) is the first crowdlending platform for NFTs, making it easier for borrowers globally to borrow funds against their physical assets through fractionalized NFTs. Collateral Network (COLT) borrowers don’t need to sell their physical assets or tick several boxes to access funds.
Collateral Network (COLT) mints a tangible NFT that is backed 1 to 1 by the physical asset and then fractionalizes them for investors to lend at an agreed interest. This method by Collateral Network (COLT) is fast and secure, and guarantees the borrower’s anonymity.
Collateral Network (COLT) has huge potential. COLT, the native token for Collateral Network (COLT), which currently trades at $0.01, is predicted to surge in price by 35% within the next six months. Collateral Network (COLT) is a solid investment if you want to expand your portfolio in 2023.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
