Amid the general bearish sentiment in the market, Collateral Network (COLT) has captured the attention of investors, promising a 3,500% surge in value before the pre-sale ends. With its unique features, COLT is the new gem that is turning the crypto market around. However, the question is, can COLT rival the potential of well-known giants SHIB and BTC? Is COLT the undiscovered crypto gem of 2023? let's dive in
Shiba Inu (SHIB) shows resilience amid falling prices
Last week, Shiba Inu prices fell sharply by double-digit percentages. One whale took advantage of the drop in Shiba Inu prices and purchased over 5.10 trillion SHIB worth over $10,000. As a result, Whale’s address currently holds over 5 trillion Shiba Inu, underscoring their confidence in this asset.
More interestingly, further insights from WhaleStats reveal Shiba Inu’s continued appeal among whales. Over the past 24 hours, Shiba Inu became the most traded coin among the top 100 Ethereum whales.
Analyzing Shiba Inu's current price trend, data suggests that its recent downturn may be reversed. Shiba Inu has risen 92.24% in the past 0 hours. The Shiba Inu (SHIB) price is currently $0.00000681, and further gains are expected on the back of bullish market pressure.
Collateral Network (COLT) Attracts Significant Investor Attention
Collateral Network emerges as a formidable competitor poised to revolutionize the cryptocurrency market. As the world's first decentralized lending platform on the blockchain, Collateral Network enables users to unlock the value of their tangible assets such as cars, art, jewelry, watches, and other valuable possessions.
The process of obtaining liquidity through the Collateral Network is simple. Users send their valuable assets to the Collateral Network team, which securely stores the property in a high-tech vault. The Collateral Network platform uses artificial intelligence (AI) to accurately assess the value of physical assets, ensuring fair pricing for borrowers.
At the same time, lenders will benefit greatly from the Collateral Network’s innovative fractional lending process. The platform mints 100% asset-backed non-fungible tokens (NFTs) and breaks them down into smaller fractions. This allows multiple lenders to purchase as many fractions as needed, funding loans in smaller amounts.
Investors can currently participate in the Collateral Network Token presale, and the price has surged by 177%, rising from $0.001 to $0.0277 in a short period of time.
With its unparalleled real-world utility and exclusive benefits, industry experts predict that the Collateral Network Value will surge 3500% before the presale ends, with the initial price of $0.001 rising to a staggering $0.35!
Bitcoin (BTC) Protects Assets Amid Regulatory Uncertainty
In light of the ongoing SEC lawsuit against Binance and Coinbase, investors are choosing to take matters into their own hands by moving their Bitcoin holdings into self-custody, a strategic move designed to safeguard their Bitcoin assets amidst the prevailing regulatory uncertainty.
Some analysts expect Bitcoin to continue this trend as long as the lawsuits continue. Bitcoin has seen a downward trend over the last month, falling by 3%. Bitcoin (BTC) is currently trading at $25,992, down 2.24% in the past hour. On top of that, Bitcoin (BTC) trading volume has dropped by 1.6%.
On a positive note, the Bitcoin (BTC) RSI is hovering around 52.30. As long as Bitcoin remains above the 50 mark on the RSI, there is a chance that the price will rise.