Shiba Inu (SHIB) and Stellar (XLM) have been dominating the market recently, leading investors to wonder whether the tokens could maintain their upward momentum. Meanwhile, Collateral Network (COLT) has gained popularity at an impressive pace, attracting investors to its presale with its game-changing project that is set to revolutionize the trillion-dollar lending industry.
Collateral Network – A Revolutionary Project That Will Transform the DeFi Space
Collateral Network is the world’s first Web3 peer-to-peer platform on the blockchain that will enable users to leverage physical assets, including cars, jewelry, watches, and other valuables, as collateral to unlock liquidity on-chain.
Namely, Collateral Network mints a 100% asset-backed NFT of the borrower’s asset and fractionalizes it into smaller pieces. This way, multiple lenders worldwide can fund the loan with smaller amounts and get weekly interest payments in return.
Additionally, due to its decentralized nature, Collateral Network will provide a borderless, permissionless platform that people worldwide can use to get the funds they need within 24 hours without it leaving a mark on their credit files.
Moreover, Collateral Network token holders will receive numerous benefits, including discounts on trading/borrowing fees, governance rights, a passive income from staking Collateral Network tokens, and access to private online auctions (where holders can buy distressed assets from defaulted loans below market value).
Currently, Collateral Network is in its public presale, where investors can purchase Collateral Network tokens at $0.0277 (a 177% price pump). Additionally, due to the impressive real-world utility Collateral Network will bring to the DeFi market and its unique platform that no one else can match, experts predict that Collateral Network will deliver 3500% gains to holders before its presale ends.
Will Shiba Inu (SHIB) Continue its Upward Trend?
There has been a lot of excitement in the Shiba Inu community recently. Namely, Shiba Inu holders are eagerly awaiting the launch of the Shiba Inu Metaverse and the additions that it will bring to the network.
Also, a Shiba Inu whale has recently awakened, purchasing over 1.5 trillion Shiba Inu tokens at once. As a result, the Shiba Inu (SHIB) price rose, trading at $0.000006864 after the massive purchase.
However, since then, the Shiba Inu price decreased, with the Shiba Inu (SHIB) token currently trading at $0.000006608. This price level marks a 3.89% decrease in price in the last 24 hours. As a result, experts say it is currently impossible to tell where the Shiba Inu price will go, further stating that the token’s short-term future is uncertain.
What’s Next for Stellar (XLM)?
Stellar recently made headlines when it announced that Stellar Wallets would partner up with Kado Money. This latest Stellar partnership means that both platforms will support USDC in more than 160 countries, increasing the usability of the overall Stellar network.
However, this positive development in the Stellar network has not yet positively impacted the Stellar price. Currently, the Stellar (XLM) token is trading at $0.077, marking a 5.86% decrease in the last 24 hours.
However, the Stellar trading volume has increased by over 52% since yesterday, signaling that there is increased activity on the Stellar network. Because of this, experts believe there is a slight chance that the token’s price will go up but say that the potential uptrend will likely be short-lived.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Presale: https://presale.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
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