The crypto market moves speedily with every wave of new information or market signals. According to market analysts, recent market indicators show early signs of cryptocurrencies that are set to be the biggest gainers in 2023.
Shiba Inu’s SHIB has seen a significant decrease in demand since the start of the current bear market. However, experts believe that SHIB, as well as AAVE and Collateral Network’s COLT token, could see price hikes of up to 35x.
Shiba Inu (SHIB)
According to market reports, Shiba Inu (SHIB), a well-known meme-based cryptocurrency, has recently hit its lowest trading volume in months, setting a new negative record.
The drop in trading activity can be mainly attributed to the decreased volatility of the asset and a general decline in market demand for riskier investments. With increasing uncertainty in the global economy, retail investors are holding onto more stable assets such as Bitcoin, Ethereum, and other top 10 coins.
Even though SHIB has lost 5% of its value over the past week, market experts predict a bullish rally that is set to ensue. Granted, the token is currently trading below both its 50-day and 200-day moving averages, suggesting a bearish trend. However, signs of a trend reversal are also obvious. The only question is when the trend reversal will take effect.
Aave has been steadily gaining popularity in the DeFi space due to its innovative features and user-friendly interface. The platform has continued to add support for new cryptocurrencies, as well as new features such as flash loans, which allow users to borrow large sums of money without any collateral as long as the loan is repaid within a single transaction block.
Aave has continued to expand its platform while making progress and partnerships, such as their recently launched stablecoin that is set to increase crypto adoption and potentially increase demand for AAVE
Collateral Network (COLT)
Collateral Network, also known as COLT, is a crowdlending platform for NFTs that offers borrowers around the world an innovative way to unlock cash from their physical assets on the blockchain. COLT is the first project that mints NFTs against physical assets, fractionalizes them, and allows the community to fund loans. With COLT, borrowers can borrow against their physical assets, including properties and art, discreetly and without leaving a footprint on their credit file, while lenders can receive a fixed income paid weekly.
COLT is built on the Ethereum blockchain and has multi-chain capabilities that will bridge onto additional blockchains at a later date. The platform’s ecosystem includes a marketplace that connects borrowers and investors, auctions of distressed assets for token holders, and crowdlending opportunities for investors to provide fractional loans against NFTs that are backed by physical assets.
The platform’s token, COLT, has discounts for both borrowers and crowd lenders, staking opportunities for passive income, and governance voting rights for token holders. The team tokens are locked for three years, and the liquidity pool is locked for 33 years. The smart contract has been successfully audited, and the initial starting price for the token is $0.01. Analysts are predicting a 35x surge in price within the next six months.
Find out more about the Collateral Network presale here:
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