Every investor is constantly searching for that next big crypto project that could skyrocket in an upcoming bull run. Today, we will take a closer look at two already established coins, Shiba Inu (SHIB) and Stellar (XLM), and one rookie currently in stage 2 of its public presale that has been making headlines with a predicted 3500% price increase – Collateral Network (COLT). Keep reading and find out which one of them may dominate 2023.
Shiba Inu (SHIB)
In recent news, Shiba Inu (SHIB) announced that the Shibarium public beta would arrive very soon. The Shiba Inu (SHIB) team said Shibarium would concentrate on metaverse and gaming applications.
This launch may help the Shiba Inu (SHIB) coin which has been on a downward trend in the past month. Shiba Inu (SHIB) has a value of $0.00001149, a decrease in the last 24 hours. The technical analysis for Shiba Inu (SHIB) also leaves a lot to be desired as both moving averages and technical indicators show strong sell signals.
Even if the Shibarium helps Shiba Inu (SHIB) see a surge, experts believe it will be short-lived as Shiba Inu (SHIB) still lacks any real-world utility and a $1 valuation may take years to come.
Collateral Network (COLT)
Collateral Network (COLT) is a challenger lender and the first NFT crowdlending platform on the planet, making it simple for anybody to obtain funds from assets while not actually selling them.
Say for instance you are an owner of a company in need of funds and you have an object you can use as collateral – a fine art piece worth $20,000. Send the piece to Collateral Network (COLT) which will mint an NFT of the item representing the tangible asset on the blockchain. The NFT is then fractionalized into smaller pieces, enabling lenders on Collateral Network (COLT) to purchase parts of the NFT, essentially funding the loan for a predetermined rate of interest.
As all loan conditions are kept in the NFT metadata and are available on the blockchain itself, both borrowers and lenders will benefit from the quick processing times, 2FA security options, and accessibility of Collateral Network (COLT).
With the native token of the Collateral Network (COLT) platform, COLT, users may earn staking rewards, governance and discounts – all for the current price of just $0.014. But do not hesitate; the roadmap for Collateral Network (COLT) shows that it aims to launch on Uniswap in stage 2, which will make the coin price skyrocket.
With many analysts predicting that Collateral Network (COLT) may reach $0.35 by July 2023, now is an excellent opportunity to buy a potential blue-chip coin for a low price using the official links below.
Brazil recently announced that it would utilize the Stellar (XLM) network to launch its CBDC pilot test run. The Stellar (XLM) blockchain is being used for the pilot test by the Brazilian central bank because it is very efficient, according to the report.
The Stellar (XLM) is trading for $0.1047, a decrease in the last day alone. Not only that, the Stellar (XLM) technical analysis shows a bearish trend may be forming for the coin.
Stellar (XLM) is trading below its moving averages and the technical indicators are red. With the RSI of Stellar (XLM) showing a sell signal, analysts are predicting a downtrend to come soon, with Stellar (XLM) sinking to $0.06 by mid-2023.
Find out more about the Collateral Network presale here: