As the crypto market remains dynamic and full of opportunities, analysts have their eyes set on Polkadot (DOT), Shiba Inu (SHIB). At the same time, the Collateral Network (COLT) presale is generating excitement among investors.
How much Shiba Inu (SHIB) has been burned?
Memecoin Shiba Inu’s burn rate has skyrocketed by an astonishing 30,940%, which is expected to serve as a catalyst for a price reversal.
Shiba Inu (SHIB) has come a long way since its inception as a meme coin, evolving into a digital asset with significant potential in the crypto space. The SHIB Army, a dedicated community of supporters, has been instrumental in driving the token’s growth and popularity.
Furthermore, the development of the ShibaSwap decentralized exchange has cemented its position in the decentralized finance (DeFi) sector. This is just one element of Shiba Inu’s expansive ecosystem of products.
Shiba Inu is famous for its substantial burn events, where the community burns billions of Shiba Inu tokens. These events lower supply, thereby creating upward pressure on the price.
Still, Shiba Inu has recently seen a new challenger in the memecoin space: Pepe token. This controversial memecoin could take some of Shiba Inu’s market share.
What’s happening with Polkadot (DOT)?
Next-gen blockchain Polkadot (DOT) is in the news again due to continuous development on the network. The latest news is about Polkadot’s testnet Kusama.
Polkadot is a groundbreaking blockchain platform that connects multiple blockchains seamlessly, enabling them to communicate and transact with one another. It aims to foster interoperability and scalability in the decentralized world, addressing some of the most pressing issues faced by the blockchain industry.
Polkadot’s unique consensus mechanism, Nominated Proof-of-Stake (NPoS), ensures network security while allowing for rapid transaction processing. At the same time, Pokladot’s parachain infrastructure has gained significant attention in the crypto community. Its advances tech positions Polkadot as a pioneer in the pursuit of a truly interconnected and decentralized future.
Polkadot (DOT) and its “sister chain” or “canary network,” Kusama (KSM), have recently become interconnected via the Inter-Blockchain Communication (IBC) protocol. This connection is expected to boost both networks’ capabilities. Moreover, it will allow Polkadot to test upgrades more efficiently and ship upgrades faster than before.
Collateral Network (COLT) groundbreaking approach to lending
The buzz surrounding Collateral Network (COLT) is understandable, given its groundbreaking approach to peer-to-peer lending.
By leveraging blockchain, Collateral Network allows users to borrow against physical assets. These include real estate, fine art, vintage cars, and more.
Collateral Network works by allowing users to deposit physical items in its vault. The Collateral Network team then appraises these assets using advanced AI. They then mint NFTs and fractionalize them. This approach allows investors to lend smaller amounts at fixed interest rates, making it a safe alternative to yield farming.
Collateral Network platform offers numerous benefits for both borrowers and lenders, including fast turnaround, privacy, transparency, and low costs. With the upcoming Collateral Network presale, investors are keen to get their hands on the token, as analysts predict a significant price increase.
Combining innovative technology with real-world assets, Collateral Network is poised to disrupt the lending industry.
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
