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The crypto market has been known for its volatility, with rapid shifts in trends and surges in various altcoins. And the recent hype surrounding Dogecoin (DOGE) and Shiba Inu (SHIB) seems to have slowed down.
Investors are now focusing on a new project – Collateral Network (COLT). This exciting new project offers a unique web3 lending platform that utilizes artificial intelligence, and is currently in the early stages of its presale.
Could Dogecoin (DOGE) Price Tank?
Dogecoin, which started as a joke, has taken the crypto world by storm in recent years. Created in 2013 by software engineers Billy Markus and Jackson Palmer, Dogecoin has seen its price surge and fall drastically.
A lot of the Dogecoin price volatility came from social media hype and tweets from the likes of Elon Musk. Recently, Dogecoin experienced a small surge after Twitter CEO Elon Musk changed the social media platform’s logo to the DOGE icon.
Musk has been a long-time supporter of Dogecoin and has tweeted about it in the past, causing the price to soar. Afterward, Musk even offered a million Dogecoin bounty for anyone who can provide evidence of a rumor that he or his family ever owned an emerald mine.
However, the hype around Dogecoin has waned in recent months as investors are turning to projects with stronger utility.
Shiba Inu Whales Affecting The SHIB Price?
Shiba Inu is another meme-inspired cryptocurrency that has captured the attention of the crypto community. Created in August 2020, Shiba Inu is based on the popular dog breed and has seen its price skyrocket in recent months.
However, the hype around Shiba Inu has decreased, with many investors now turning their attention to other projects in the crypto space. This is partly due to the fact that Shiba Inu has faced some criticism for lacking a clear roadmap and not having any real-world use cases.
Despite this, there are still some die-hard Shiba Inu supporters who believe in the project’s potential. One Shiba Inu whale recently made headlines after purchasing $50 million worth of tokens just hours before the announcement of Shibarium.
While Shiba Inu may have lost some of its initial hype, it remains a popular cryptocurrency that has managed to attract a dedicated community of supporters.
However, investors are now turning their attention to newer and innovative projects such as Collateral Network.
Collateral Network (COLT)
Collateral Network (COLT) is a decentralized crowdlending platform that aims to revolutionize the DeFi landscape. It enables users to borrow against various physical assets, including real estate, fine art, fine wines, collectibles, and more on the blockchain, the world’s first platform to make this possible.
With Collateral Network, borrowers’ physical assets are transformed into NFTs then fractionalized. This enables multiple lenders to fund the loan, enabling greater access and flexibility for owners of valuable assets and lenders looking for a better rate of return than that offered by the banks.
Borrowers benefit from a fast turnaround, unlocking cash from their assets quickly, sometimes in as little as 24 hours. They can also maintain their privacy by borrowing discreetly without leaving a footprint on their credit file.
Lenders, on the other hand, enjoy a fixed passive income, with the NFTs they lend funds against being backed 1-to-1 by the real physical version of the asset held in Collateral Network’s vault.
Using artificial intelligence, Collateral Network can accurately value assets and generate algorithmic lending rates. This enables it to provide a more efficient lending system than traditional platforms.
For these reasons, experts expect significant price growth for its native token, COLT. The token is expected to surge 3500% from its current price of $0.014 before the end of its presale.
With its innovative approach, Collateral Network has the potential to disrupt the traditional lending space worth $trillions a year and become a major player in the DeFi world.
Find out more about the Collateral Network 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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