Will Shiba Inu (SHIB) beat Dogecoin (DOGE)? Collateral Network (COLT) Predicted To Show Larger Growth

1 May 2023

in SHIBA

Reading Time: 5 mins read

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As the two most popular meme coins on the market, Shiba Inu (SHIB) and Dogecoin (DOGE), compete against each other. Meanwhile, Collateral Network (COLT), currently in stage 2 of its public presale, catches the eye of investors far and wide with its 3500% growth prediction.

Collateral Network (COLT)

Seen as the new revolutionary force in the lending industry, Collateral Network (COLT) is the world’s first Web3 decentralized lending platform for real-world assets on the blockchain. As such, Collateral Network (COLT) has everybody anticipating its next move.

Unlike the current crypto lending platforms, Collateral Network (COLT) will allow you to borrow funds against assets like watches, fine wines, and collectables, creating a more secure and less risky funding option.

Collateral Network (COLT) works as follows. Let’s say you have a $50,000 watch and need a short-term loan. To get it, you need to send the watch to Collateral Network (COLT), where the team will authenticate and value it.

Then, your watch will be stored in the Collateral Network (COLT) high-security vault, and Collateral Network (COLT) will mint an NFT against your asset. Then, it will fractionalize the NFT, allowing many people to lend smaller amounts of money and receive fixed-interest payments. Finally, after you’ve repaid your loan entirely, the Collateral Network (COLT) will redeem your watch from its vault and burn the NFTs.

Additionally, Collateral Network (COLT) offers many exclusive benefits to borrowers and lenders, including access to online private auctions where they can buy distressed assets below market value.

Currently, in stage 2 of its public presale, the Collateral Network (COLT) token is trading at $0.014, with experts predicting a 3500% growth potential before the presale ends.

Shiba Inu (SHIB)

Recently, it was announced that Shiba Inu (SHIB) would be easily accessible to millions of new users, thanks to the BitPay and Ramp Network partnership. Additionally, the beta test version of the Shiba Inu (SHIB) Shibarium layer 2 network has grown as millions of wallets link to the Shiba Inu (SHIB) network.

Also, the recent announcement of the ShibaSwap 2.0 launch has affected the Shiba Inu (SHIB) price. As a result, Shiba Inu (SHIB) is now ranked 14th by market cap.

At the time of writing, the Shiba Inu (SHIB) token currently trades at $0.00001154, marking a 2.12% increase in the Shiba Inu (SHIB) price in the last 24 hours.

The current Shiba Inu (SHIB) state has led analysts to believe that if no significant dips happen, the Shiba Inu (SHIB) price could reach $0.000012 and beyond.

Dogecoin (DOGE)

The Dogecoin (DOGE) community’s hopes for the future of Dogecoin (DOGE) are fueled by Elon Musk’s tweets. Namely, many believe that Musk could be hinting at adopting Dogecoin (DOGE) payments for Twitter.

As a result, the Dogecoin (DOGE) performance has been looking up in the last few days. At the time of writing, Dogecoin (DOGE) is trading at $0.09, with an increase of 3.49% in price in the last 24 hours.

However, the Dogecoin (DOGE) trading volume has decreased by 38.68% over a 24-hours period, which experts see as a sign that this upward trend is temporary, leaving investors to wonder where Dogecoin (DOGE) will go.

Explore the Collateral Network presale here:

Website: https://www.collateralnetwork.io/

Telegram: https://t.me/collateralnwk

Twitter: https://twitter.com/Collateralnwk

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