Shiba Inu (SHIB) and Dogecoin (DOGE) are two tokens that remain immensely popular among investors. At the same time, Collateral Network (COLT) has seen a tremendous crypto investor response during its presale phase. Now, we will examine each of these crypto projects in detail.
Has DOGE had its day?
Dogecoin (DOGE) is a decentralised, open-source cryptocurrency that became the original meme coin.
There have been rumours that Twitter is considering adding a ‘Coins’ feature that would allow users to tip each other on the platform, potentially making it a good fit for Dogecoin (DOGE). If this becomes true, it could push Dogecoin (DOGE) into a new era, favouring the cryptocurrency industry worldwide.
Dogecoin (DOGE) price predictions for 2023 are generally mixed and speculative, especially given the cryptocurrency market’s volatility.
Market analysts such as the order book aggregator CoinCodex predict that the trading prices for Dogecoin (DOGE) will hover around $0.109989 throughout 2023. However, the Dogecoin (DOGE) price could increase in line with general market trends.
Will Shiba Inu (SHIB) ever reach $1
Shiba Inu (SHIB) is a community-based cryptocurrency built on the Ethereum blockchain and designed to replace Dogecoin (DOGE). Shiba Inu (SHIB) follows similar principles as DOGE, with a total supply of one quadrillion units, half of which will be burned every year until there are none left in circulation.
The Shiba Inu (SHIB) goal is to become a store of value with utility and usage gaining traction beyond the crypto world due to its DeFi network. Shiba Inu (SHIB) was created to address the issue of how much productivity stakeholders in a cryptocurrency can achieve when its users solely administer it.
The strength of Shiba Inu (SHIB) is its decentralised nature, which gives investors more control over their investments than ever before and provides a secure platform for trading in cryptocurrencies without having to worry about fraud or malicious actors.
According to AmbCrypto, the Shiba Inu (SHIB) price will range between $0.000015 to $0.000023, with an average of around $0.000019 for 2023. It’s no surprise that Shiba Inu (SHIB) has become so popular in the crypto market amongst investors looking for high returns from their investments.
Collateral Network (COLT) a next-generation crowdlending platform
Collateral Network (COLT), a next-generation crowdlending platform, has created a revolutionary approach to unlocking liquidity for real-world physical assets and using them as collateral to obtain a loan on the blockchain. Physical assets that can be used as collateral include fine wines, jewellery, watches or real estate.
Each asset will be converted into a tangible NFT by the Collateral Network platform and represents the physical item on the blockchain. The NFT is then fractionalized, enabling multiple lenders in the Collateral Network community to become partial lenders, building a diversified portfolio of loans in the process as well as earning an income for lending.
Unlike a conventional loan that considers your income and credit history, borrowers can use their physical assets to release cash without having to sell or borrow against future income
In case a borrower defaults in returning the loan, Collateral Network will auction the physical asset – that is stored in the platform’s vault for the duration of the loan – on to the COLT token holders. This way, the platform ensures that lenders recover the amount of money invested.
The streamlined loan system powered by blockchain technology allows for 2FA security options and faster transactions, all working toward providing more affordable loan opportunities for borrowers.
During the beta presale phase, the COLT token launched at a price of $0.01. However, its current value is $0.014, which increased by 40% in a few weeks. The token’s price forecast is set to increase by 3500% by the time the presale concludes, making it a great investment option for investors looking to invest in crypto tokens with potential high returns.
Read more about the COLT presale here:
Website: https://www.collateralnetwork.io/
Presale: https://app.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
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