Crypto investors are searching for the next crypto asset that could be a dominant force in 2023. And while Loopring (LRC) and Shiba Inu (SHIB) are worth keeping an eye on due to their past accomplishments, experts are more attracted to Collateral Network (COLT), a unique project in Phase 2 of its presale that could disrupt the pawnbroking industry!
Loopring (LRC)
In recent news, Loopring (LRC) announced that its staking feature is live! Staking enables users to receive incentives by locking up their Loopring (LRC) tokens, which is a feature that has been heavily sought by the Loopring (LRC) community.
Loopring (LRC), at the time of writing, has a value of $0.3492 and a market cap of $464M, down 2.76% in the last 24 hours. The trading volume for Loopring (LRC) decreased by 2% in that same period, at $33,361,571.
Also, the Loopring (LRC) technical analysis paints an alarming picture of the coin’s future, with all its technical indicators and moving averages showing sell signals. By looking at this analysis, experts believe Loopring (LRC) is still in a bearish grip, and its price action is going in that same direction, possibly dropping to its support level of $0.2552 by December 2023.
Collateral Network (COLT)
Collateral Network (COLT) aims to bring something new to the lending industry – the world’s first decentralized lending platform, which will help individuals obtain loans by minting NFTs against physical assets, fractionalizing them, and then allowing individuals to fund the loans.
A perfect example would be an owner of a startup that needs funding; he can use a physical asset (luxury watch, fine wine, gold bars, etc.) as collateral and send it to Collateral Network (COLT). A 100% asset-backed NFT will then be minted and fractionalized, allowing the Collateral Network (COLT) community to fund the loan for a small amount – gaining a fixed interest rate paid weekly in return!
All contract data is kept in the NFT’s metadata and held on the Ethereum (ETH) blockchain, which cannot be deleted or changed. This will eliminate scams or hidden terms, providing a trustworthy and reliable environment for all parties involved.
The COLT native token will power the Collateral Network (COLT) ecosystem. Holders of COLT tokens will be eligible for staking, reductions on borrowing and trading costs, membership to the VIP members club, and governance privileges.
COLT is currently available for just $0.014 but not for much longer! The presale is still young, and experts predict its value may reach $0.35 in the next five months. Experts believe that Collateral Network (COLT) has all the prerequisites to become a significant player in the lending industry, and if you wish to be an early investor in it – sign up for its presale now!
Shiba Inu (SHIB)
Shiba Inu (SHIB) developers disclosed in a post recently that SHIB: The Metaverse, a project that increases the functionality of the Shiba Inu (SHIB) ecosystem, is expected to launch by December 2023.
However, this news did not have any impact on the Shiba Inu (SHIB) token, which has been struggling in the last day as it sank by 3% and at the time of writing, sits at $0.00001083. The Shiba Inu (SHIB) technical analysis also has raised some eyebrows, as all of its technical indicators are in the red.
Conversely, the 24-hour trading volume for Shiba Inu (SHIB) has increased by 9.45%, reaching $194,122,792. Analysts remain long-term bullish for Shiba Inu (SHIB) as the upcoming Shibarium launch and SHIB: The Metaverse project could increase its utility. They predict that Shiba Inu (SHIB) will reach $0.00001389 within Q4 of 2023.
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