Among the notable players in the crypto market, a new contender called Collateral Network (COLT) is poised to outshine the notable players Shiba Inu (SHIB) and Dogecoin (DOGE). With its unique features and potential for substantial growth, Collateral Network could bring substantial gains to its holders in 2023.

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Shiba Inu Price Decline: Analysis and Future Predictions for 2023

Shiba Inu has experienced a recent decline in price, with the current value standing at $0.000008474 and a 24-hour decrease of 0.14%. 

The Shiba Inu (SHIB) price analysis indicates a bearish trend. The current resistance level for Shiba Inu is at $0.000008739, while support is present at $0.00000834. The price has been declining since reaching an all-time high of $0.00008739, and selling pressure remains significant. 

Despite its decline, Shiba Inu continues to hold the 15th position on CoinMarketCap, boasting a live market cap of $4.99B. In addition, some hints of buying pressure suggest a potential upward movement for Shiba Inu soon.

The Shiba Inu community has recently achieved significant milestones with Shibarium and PuppyNet, which have surpassed more than 16 million wallet addresses, further indicating the growing interest in the Shiba Inu token.

Unraveling the Mysteries Behind the Price Decline of Dogecoin

Dogecoin has experienced a significant price decline in the past month, dropping from $0.081 by almost 9%. This decrease reflected the strength of the bears keeping the relative strength index (RSI) score below 40, which suggested that the market is oversold. 

However, Dogecoin managed to partially recover its value in the past week, bringing it up to the $0.072 level. Over the past 24 hours, Dogecoin has seen a modest increase of 0.26%. Dogecoin holds the 8th position on CoinMarketCap, boasting a live market cap of $10,020,747.

At the time of writing, the Dogecoin (DOGE) price sits at $0.0718, which is approximately 0.94% higher than last week's price. If the bulls maintain control, we may see further upward movement in the price of Dogecoin. 

The immediate resistance for Dogecoin is at $0.07212, and breaking this level could propel the price toward $0.07300. Conversely, a break below the support of $0.07080 could bring the price back to yesterday's low of $0.068.

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Collateral Network is Poised to Outshine DOGE and SHIB in 2023 

Collateral Network is on the brink of an extraordinary surge in value, driven by its unparalleled features and the soaring demand for decentralized finance (DeFi) applications. By providing a groundbreaking approach, Collateral Network empowers borrowers to leverage their valuable assets, including vintage cars, expensive jewelry, to unlock liquidity. 

Imagine owning a magnificent luxury villa worth millions of dollars. Traditionally, its value would remain dormant, providing no immediate financial benefits. However, with Collateral Network, villa owners can utilize their property as collateral to access liquidity. In a nutshell, an NFT representing the property is minted and fractionalized into smaller pieces. 

Using fractional lending, multiple investors can chip in the same loan, earning passive weekly income. As soon as the borrower pays off their principal and interest, Collateral Network would burn the NFT and redeem the tangible holdings from its vault.

Collateral Network (COLT) is currently in its public presale, with the token trading at an enticing $0.014. Experts anticipate an unprecedented growth trajectory for Collateral Network during the presale, projecting a potential surge of 3500%—a remarkable 35x gain for token holders!

Find out more about the Collateral Network presale here:

Website: https://www.collateralnetwork.io/

Presale: https://presale.collateralnetwork.io/register

Telegram: https://t.me/collateralnwk

Twitter: https://twitter.com/Collateralnwk