Amidst the prevailing bearish sentiment in the market, Collateral Network (COLT) grabs the attention of investors, promising a 3500% surge in its value before the presale concludes. With its unique features, COLT is the new gem that will turn around the crypto market. Yet, the question is, can COLT match the potential of well-established giants SHIB and BTC? Is COLT the undiscovered crypto gem of 2023? Let’s dive in!
Shiba Inu (SHIB) Demonstrates Resilience Amidst Price Decline
Last week, Shiba Inu’s price dropped significantly by a double-digit percentage. A whale took advantage of the Shiba Inu price drop by purchasing over 1.5 trillion SHIB, valued at over $10 million. As a result, the whale’s address currently holds more than 5 trillion Shiba Inu, underscoring their confidence in the asset.
Adding to the intrigue, further insight from WhaleStats reveals Shiba Inu’s sustained appeal among whales. Over the past 24 hours, Shiba Inu emerged as the most traded token among the top 100 Ethereum whales.
Analyzing Shiba Inu’s current price movement, the data suggests a potential reversal of its recent downturn. Shiba Inu has experienced a 0.92% increase over the past 24 hours, with the Shiba Inu (SHIB) price now sitting at $0.00000681 and expectations for further upward movement backed by bullish market pressure.
Collateral Network (COLT) Garners Significant Investors’ Attention
Collateral Network emerges as a formidable contender poised to revolutionize the cryptocurrency market. Serving as the world’s first decentralized lending platform on the blockchain, Collateral Network empowers users to unlock the value of their tangible assets, such as cars, art, jewelry, watches, and other valuable possessions.
The process of obtaining liquidity through Collateral Network is straightforward. Users send their valuable assets to the Collateral Network team, which securely stores the possessions in a high-tech vault. The Collateral Network platform accurately assesses the physical asset’s value using artificial intelligence (AI), ensuring fair pricing for the borrower.
Meanwhile, lenders stand to benefit significantly from the Collateral Network’s innovative fractional lending process. The platform mints 100% asset-backed non-fungible tokens (NFTs) and breaks them down into smaller fractions. This enables multiple lenders to purchase as many fractions as they desire, funding loans with smaller amounts.
Investors can currently participate in the Collateral Network token presale, where prices have already surged by 177%, rising from $0.001 to $0.0277 within a short period.
With its unrivaled real-world utility and exclusive advantages, industry experts predict an astounding 3500% surge in the Collateral Network value before the presale concludes with the initial $0.001 price rising to an astounding $0.35!
Bitcoin (BTC) Protects Assets in Regulatory Uncertainty
In light of the ongoing lawsuits initiated by the U.S. SEC against Binance and Coinbase, investors are opting to take matters into their own hands by moving their Bitcoin holdings into self-custody. This strategic move aims to safeguard their Bitcoin assets amidst the prevailing regulatory uncertainties.
Some analysts foresee continuing this trend for Bitcoin as long as the lawsuits persist. Bitcoin has marked a downward trend in the last month, with a drop of 3%. Trading currently at $25,992, Bitcoin (BTC) has dropped by 1.2% in the last 24 hours. On top of this, the trading volume of Bitcoin (BTC) has decreased by 1.6%.
On a positive note, the Bitcoin (BTC) RSI hovers around the level of 52.30. As long as Bitcoin remains above the 50 mark on the RSI, a price increase is possible.
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