Despite a recent surge in memecoin trading, the value of Shiba Inu (SHIB) has crashed over 10% in the last week. However, analysts believe that Shiba Inu could be on track for a massive price increase due to a substantial rise in SHIB token burning. Meanwhile, a new crypto gem is gaining traction and is expected to surge 3500% in just six months.
What is Shiba Inu (SHIB)?
Shiba Inu is the second largest memecoin. It was created to rival Dogecoin (DOGE) and quickly earned the nickname of the ‘Dogecoin Killer’ after rising in value by an estimated 43800000%.
Although created as a memecoin, Shiba Inu is in the process of building its own ecosystem, starting with Shibarium, a Layer 2 scalability platform. Although the platform is yet to be implemented, it created significant hype throughout the Shiba Inu community and pushed up the value of Shiba Inu when first announced.
Additionally, the Shiba Inu community is attempting to limit the token supply by burning SHIB tokens. In May alone, Shiba Inu (SHIB) burn rates have increased by 13070%, with the community hoping to drive up the token’s value.
Shiba Inu is now classed as a stable investment to many investors and was officially moved out of the Binance innovation zone on April 18, showing that Shiba Inu is now recognized as more than just a memecoin.
What Crypto Gem Is Set To Surge By 3500%?
With Shiba Inu’s value decreasing in the past week, a new crypto alternative has caught the attention of market experts and investors, with estimated returns of 3500%.
Known as Collateral Network (COLT), this innovative project is the first and only to apply DeFi technology to crowdlending. Collateral Network’s unique platform lets individuals unlock liquidity from their valuable physical assets (vintage cars, properties, fine wines, watches, jewelry), with cash being accessible in just 24 hours.
This new concept is possible due to DeFi technology and, in particular, NFTs. Firstly, assets are brought on-chain and minted as asset-backed NFTs. After being fractionalized, each NFT is promoted to the Collateral Network (COLT) community, which can buy fractions and, in the process, lend cryptocurrency to fund the loan.
Each lender will earn a weekly passive interest rate, much like a traditional bank, allowing them to become their own bank and generate a diversified portfolio of passive income options based on the amount they want to lend and the number of loans.
Collateral Network tokens will be used for governance throughout the ecosystem, and holders will be granted several benefits to maximize their returns and overall experience, including discounts on trading/borrowing fees, access to auctions of distressed items, and income from staking.
Collateral Network´s presale is currently live, with tokens selling at $0.014 and a 40% deposit bonus, though they are expected to rise to $0.0168 once the stage sells out. Furthermore, experts predict a 3500% investment return from its original price, $0.001, which means that early investors have already got a 40% return on their tokens. Once it hits major exchanges, experts predict a further 100x surge.
What Makes Collateral Network (COLT) Unique?
Aside from its unique application, Collateral Network has gone above and beyond to offer a well-rounded user experience. For user safety, Collateral Network has been audited by Solid Proof and has implemented 2FA security options to prevent scams. Furthermore, the team is fully doxxed.
Additionally, all contractual information is stored on the blockchain. This makes it irrefutable, transparent, and secure, with transactions never impacting a borrower’s credit rating.
With the future of Shiba Inu (SHIB) looking uncertain, Collateral Network (COLT) is becoming a popular alternative. Its latest presale stage is already over 60% sold out, with investors currently buying more COLT tokens before its next price increase.
For more information on Collateral Network visit the website, join the presale or join the community for regular updates.
Find out more about the Collateral Network presale here:
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