After consecutive price declines during the year’s first quarter, Dogecoin (DOGE) has finally bounced back. Recent price increases have been triggered by market trends and a potential Burger King collaboration. However, with growth slowing, market analysts believe that Cosmos (ATOM) and Collateral Network (COLT) could offer greater returns, COLT in particular as it has a token price currently of only $0.014 in stage 2 of presale and has a forecasted 3500% price increase.
Dogecoin (DOGE) Growth Slows After Burger King Hype
Dogecoin (DOGE) is one of the worst-performing cryptocurrencies in 2023. Despite being the world’s largest memecoin, Dogecoin (DOGE) consistently decreased in price while much of the crypto market bounced back. However, a recent tweet by Burger King stating ‘Need Doge’ reignited interest throughout the Dogecoin (DOGE) community.
The value of Dogecoin (DOGE) has increased from $0.075 to $0.08228 since the announcement. However, nothing official regarding the collaboration has been released, which has resulted in much of the hype dying down for Dogecoin (DOGE). Following this recent price increase, Dogecoin (DOGE) growth has slowly decreased again, with Dogecoin (DOGE) losing 0.36% of its value in the past five days.
Cosmos (ATOM) Looks To Build The Internet Of Blockchains
Cosmos (ATOM) recently announced that it plans to continue building an interconnected internet of blockchains. Planning to work with solidity, Cosmos (ATOM) wants to make an Ethereum (ETH) and Cosmos (ATOM) integration possible, which market analysts believe would significantly drive up the price of Cosmos (ATOM).
Cosmos (ATOM) believes that pursuing an internet of blockchains will allow the seamless transfer of messages, data, and tokens across blockchains to combine the very best of DeFi.
As more blockchains connect to the Cosmos (ATOM) hub, the project’s native token ATOM is expected to increase as its use cases rise. Despite this potential, Cosmos (ATOM) has actually decreased by 6.70% to $11.25 in the last month, which suggests the new idea is yet to catch on.
Could Collateral Network (COLT) Overtake Dogecoin (DOGE)?
Collateral Network (COLT) is designed to reinvent peer-to-peer lending. Offering a unique DeFi application that lets borrowers unlock liquidity from their assets, experts predict that Collateral Network (COLT) could offer an ROI of 3500% in the next six months. Here’s how it works.
Borrowers start by bringing their real-world assets on-chain with Collateral Network (COLT), creating NFTs backed 1:1 with their physical assets. These NFTs are then fractionalized, allowing lenders to offer small amounts of money to accumulate the funds for loans for a fixed interest rate. With cross-network compatibility, Collateral Network (COLT) can offer loans across several blockchains for ease of use.
Every loan is entirely secure and confidential, with 2FA being used to guarantee the highest level of security. In addition, borrowing never impacts the individual’s credit rating. A number of assets are accepted on Collateral Network (COLT), including fine art, vintage cars, fine wines, gold, diamonds, watches and real estate.
Collateral Network (COLT) is currently in the second phase of its presale, with one COLT token selling for $0.014. Tokens are predicted to hit $0.35 before the end of the Collateral Network (COLT) presale, with tokens expected to surge by an additional 100x when listed on major exchanges.
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
