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2023 is looking bright for Shiba Inu and Collateral Network (COLT)

2 mins
Updated by Petar Jovanovic
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2023, unlike the previous year’s crypto crash, is slated to see a resurgence in several instruments, according to analysts. 

The next few months offer the perfect opportunity for investors to acquire the best altcoins that display potential at below-market prices.

Besides the famous altcoin Shiba Inu (SHIB), there are innovative protocols whose native tokens are worth checking out. Most notable is Collateral Network (COLT), a novel crowdlending platform that has surged in presale due to its unique use case of allowing borrowers to unlock cash from their physical asset on the blockchain. Analysts predict that due to this utility, COLT will surge by up to 35x from its initial price of $0.01.


Shiba Inu (SHIB), the meme-coin that’s on the up and up

As one of the top 15 cryptocurrencies by market capitalization, Shiba Inu is a token on the Ethereum Blockchain launched in August 2020. Shiba Inu’s current total supply is worth over $20 billion for a coin created to rival Elon Musk’s meme-coin, Dogecoin, with speculation as its primary use case.

The Shiba Inu ecosystem integrates various Decentralized Finance or DeFi protocols, such as smart contracts and a decentralized exchange or DEX. Shiba Inu’s team holds 50% of its total supply, meaning that there’s limited selling pressure despite the vast gains its native token, SHIB, has experienced in recent months.

On the Shiba Inu ecosystem is a metaverse where users engage and trade using SHIB. Shiba Inu’s DEX facilitates crypto activity like fee payments, network governance, user interaction, and other ecosystem incentives. If Shiba Inu continues to build on its ecosystem, then it is highly likely we shall see the token surpass its highest values in the next few years.


Collateral Network (COLT) offering lender services on the Blockchain

For borrowers looking for short-term loans, the crypto space recently unveiled Collateral Network, whose utility token is COLT. The system is based on fractionalizing NFTs that allow lenders to earn a fixed interest rate along with other incentives.

Collateral Network is the world’s first lender on the Blockchain enabling investors to unlock crypto assets by becoming individual bankers. For borrowers, there’s no need to sell their physical or digital assets, as they can use their assets as collateral to unlock the cash through the blockchain.

There’s a fast turnaround for loans on Collateral Network, as a borrower can anticipate cash payments within 24 hours. It’s also a private and discreet deal since you deal directly with lenders and leave no credit footprint.

Smart contracts have been audited successfully, and there are plans to include Blockchain interoperability and bridging into Collateral Network’s capabilities. 

Find out more about the Collateral Network presale here:

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BeInCrypto Team comprises a diverse group of experienced journalists, analysts, and crypto enthusiasts dedicated to delivering the latest news, insights, and analyses in the...