The crypto markets are seeing increased volatility in recent times. That environment is not the best for meme tokens, which have taken a beating. In that context, Dogecoin (DOGE) and Shiba Inu (SHIB) have been fighting for what’s left of the meme-coin market.
But there is another coin that could be a game-changer: Collateral Network (COLT). This new project just started and is already making waves. With its robust utility, COLT is poised to shake up the crypto world with 35x gains.
Dogecoin (DOGE)
Dogecoin (DOGE) is one of the most widely known meme coins in the crypto space. Dogecoin (DOGE) was created as a joke by software engineers Billy Markus and Jackson Palmer in 2013 as a reaction to the popularity of Bitcoin (BTC) at the time. The name of Dogecoin (DOGE) comes from an internet meme featuring a Shiba Inu dog, which is also known as a ‘doge.’
Dogecoin (DOGE) has had some impressive success since its inception. Its fortunes rose especially when the tech entrepreneur Elon Musk started tweeting about the project. Musk has stated multiple times that Dogecoin (DOGE) is his favorite crypto, and he has been actively promoting the project.
However, Musk’s semi-ironic support can only go so far. With its early developers withdrawing from the project, Dogecoin (DOGE) has no leadership. Still, the Dogecoin (DOGE) token remains a favorite among crypto traders and investors.
Shiba Inu (SHIB)
Shiba Inu (SHIB) started out as one of Dogecoin’s copycats. The Shiba Inu (SHIB) project’s name comes from the Shiba Inu dog, which has become synonymous with Dogecoin (DOGE).
Shiba Inu (SHIB) was started in August 2020, by a mysterious creator Ryoshi. Not much is known about Ryoshi. However, some traders speculate that Ethereum (ETH) co-founder Vitalik Buterin is somehow involved in the Shiba Inu (SHIB) project.
Be that as it may, the team behind Shiba Inu (SHIB) consists of strong developers and marketing professionals. Shiba Inu (SHIB) has surged from just one Dogecoin (DOGE) copycat to one of its biggest rivals. Currently, Shiba Inu (SHIB) is the 15th largest crypto token by market cap, making it a true blue-chip coin.
However, the recent investment environment has not favored meme coins. SHIB, DOGE, and other meme coins saw a brutal sell-off this year. Many saw losses far greater than those of utility-focused tokens.
Collateral Network (COLT)
Collateral Network (COLT) is a revolutionary new project that brings blockchain-backed collateralized lending to the world. Collateral Network (COLT) allows users to borrow crypto against their physical assets, such as art, real estate, or jewelry.
This new service enables users to access liquidity without having to rely on traditional banking institutions. COLT also provides a secure and transparent way to access funds. Collateral Network (COLT) ensures that users remain in control of their assets while providing cutting-edge security features.
Collateral Network (COLT) has the advantage of cutting out banks and other intermediaries and offering instant liquidity to its members. This enables a better user experience and lowers fees for Collateral Network (COLT) holders.
COLT has been rapidly gaining attention since its launch, as the Collateral Network (COLT) project’s native token provides benefits like staking and governance rights. With its revolutionary platform, Collateral Network (COLT) is set to disrupt the financial industry. That’s why meme coin holders are flocking to this utility-focused project, as analysts predict that COLT will surge by over 3500% in presale.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
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