The meteoric rise of $PEPE renewed interest in memecoins, and of course, pioneers Dogecoin (DOGE) and Shiba Inu (SHIB) received renewed attention. However, massive interest in speculative tokens always marks the local top. 

As macroconditions worsen, projects with utility will outshine memecoins, similarly to how consumer staple stocks outperform tech stocks in a recession. Collateral Network (COLT), a challenger lender, offers real-world utility, and analysts strongly recommend that memecoin investors make the switch. 

>>BUY COLT TOKENS NOW<<

Collateral Network – Redefining DeFi with Real-World Assets

Collateral Network has created a protocol that has long been a pipe dream for DeFi participants and TradFi users with a low-risk tolerance. The real-world asset narrative has been growing in strength within crypto circles, and Collateral Network is the first decentralized lending protocol to assimilate tangible off-chain assets into DeFi.

This crowdlending platform leverages 100% asset-backed NFTs to allow asset owners to unlock liquidity and opens up new capital options for lenders and borrowers worldwide.

How Does Collateral Network Onboard Assets?

Liam owns a condo and wants to access capital for repairs and decoration. Instead of going through the lengthy process to obtain a bank loan, Liam can collateralize his condo.

Following the artificial intelligence (AI) aided appraisal process, Collateral Network mints an NFT 100% backed by Liam’s condo. Liam can now access crowd-sourced loans on the protocol’s marketplace, and when the loan has been repaid, the NFT is burnt. 

With a rapid turnaround, high levels of privacy (no mark on credit history for borrowers), and a borderless nature, Collateral Network presents the next evolution of the asset-backed lending industry currently valued at trillions of dollars annually. 

With the liquidity pool locked for 33 years, team tokens locked for two years, and price forecasts from analysts stating 3,500% gains before the presale closes. The Collateral Network presale could be one of 2023’s rising stars- all driven by real-world utility. 

Shiba Inu Plunges 15% this Week

Shiba Inu was launched to rival Dogecoin and rapidly became known as the Dogecoin Killer. Shiba Inu performs excellently in a risk-on environment when market sentiment is bullish, and this remains its greatest strength, the ability to defy logic and rally.

However, this ability to race upwards in bullish sentiment is mirrored in Shiba Inu’s ability to move downwards with colder market conditions. Shiba Inu has been seeing increased adoption, with CetoEX and Huobi listing the $BONE token and companies such as NOWPayments integrating Shiba Inu’s layer two Shibarium into its payment network. 

Still, liquidity leaves memecoins like Shiba Inu and quickly moves into less risky, more stable projects like Collateral Network. Price predictions for Shiba Inu (SHIB) expect a potential low of $0.00001132 and a high of $0.00001278 later this year. 

>>BUY COLT TOKENS NOW<<

Dogecoin Retraces 10% in the Last Seven Days

Dogecoin, Shiba Inu’s most prominent rival, faces similar problems. Dogecoin holders that can recognize the greater trend in market sentiment can take advantage and rotate from memecoins to utility-focused projects.

Dogecoin was originally hardforked from the Litecoin (LTC) network in 2013 and has gone from an obscure joke to a token loved by thousands around the world, not to mention the Dogecoin market cap that hovers close to ten billion dollars.

Dogecoin (DOGE) price predictions remain highly conservative, with further market downturns for momentum and hype-driven tokens expected. Analysts forecast a range between $0.072 and $0.81 for Dogecoin by the end of 2023.

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:

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

Presale: https://presale.collateralnetwork.io/login

Telegram: https://t.me/collateralnwk 

Twitter: https://twitter.com/Collateralnwk