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- Insights
- Cryptocurrencies
- Gadgets
- Stocks
- White Papers
- Reports
- Industry
- Geography
The crypto market continues to evolve. As it does, investors are always searching for the next big thing. In this article, we'll explore three tokens that have shown significant potential for growth in 2023: Shiba Inu (SHIB), Apecoin (APE), and an upcoming project, Collateral Network (COLT), which is currently in its presale stage.
The memecoin known as Shiba Inu saw a recent token burn, which could lead to a price increase soon.
Shiba Inu, often referred to as the 'Dogecoin killer,' is a decentralized meme token that grew into a vibrant ecosystem. Also, ShibaSwap, fun tokens, Artist Incubator, and a growing 500,000+ community contribute to the buzz around Shiba Inu.
One of the recent developments that caught the attention of the Shiba Inu community is the burning of SHIB tokens. Interestingly, the Shibburn Twitter account revealed that in the past seven days, a total of 282,730,986 Shiba Inu tokens had been burned in 22 transactions. The previous week saw an even more significant burn of Shiba Inu tokens. In total, four billion Shiba Inu tokens were taken out of circulation.
This reduction in supply could potentially lead to an increase in the token's price. Therefore, that would make it a token to watch in 2023.
The ERC-20 token Apecoin is seeing a possible reversal in price. This might lead to growth for the platform.
Apecoin is a token associated with the Bored Ape Yacht Club (BAYC), a collection of 10,000 unique NFTs—each representing a different cartoon ape—stored on the Ethereum blockchain. Owning an Apecoin gives holders benefits in the Apecoin ecosystem.
Despite a 20% drop in May, Apecoin's price shows signs of a possible bullish price reversal. This is due to recent swings in critical on-chain metrics for Apecoin. This development, along with the growing popularity of the Bored Ape Yacht Club, suggests potential growth for Apecoin.
Collateral Network is an Ethereum web3 peer-to-peer lending platform that allows users to unlock liquidity on-chain against physical assets, such as properties, vintage cars, fine wines, jewelry, and watches, which act as collateral. Collateral Network aims to disrupt the lending industry by offering decentralized lending protocols for real-world assets on the Ethereum blockchain.
Collateral Network is currently in its presale stage, with the COLT token priced at $0.0168. Analysts predict a surge of over 3500% in the coming months, indicating strong investor interest.
Collateral Network offers a unique solution to the problems faced by traditional lending industries. Collateral Network provides a fast, private, transparent, and low-cost borrowing option against a wide range of assets. For lenders, it offers a weekly passive income, tangible security, and the opportunity to participate in auctions of distressed assets.
The expected price surge of the COLT token, coupled with the platform's innovative approach to lending, makes Collateral Network a project to watch in 2023. The token is expected to surge by 35x before the presale ends and 100x when it lists on major exchanges, making it an attractive investment opportunity.
Website: https://www.collateralnetwork.io/
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
