.png){kind=logo}
- Insights
- Cryptocurrencies
- Gadgets
- Stocks
- White Papers
- Reports
- Industry
- Geography
- Insights
- Cryptocurrencies
- Gadgets
- Stocks
- White Papers
- Reports
- Industry
- Geography
As the latest Shibarium update hits the streets (Twitter), Shiba Inu (SHIB) investors are holding for a potential price surge. Chainlink (LINK) investors are also expecting upgrades from the coin, which could lead to a stop in the recent LINK price drops. Meanwhile, Collateral Network (COLT) is blowing investors away with its real-world utility and growth predictions of 3500%.
Collateral Network is a decentralized Web3 peer-to-peer lending platform set to revolutionize two trillion-dollar industries – crypto and lending. It's the first token on the blockchain that allows people to unlock liquidity against real-world assets like watches, jewelry, vintage cars, fine wines, etc.
The lending process with Collateral Network works like this – a Collateral Network holder needs funds and sends a real-world asset over to Collateral Network for valuation. After it values the asset, Collateral Network mints it into a 100% asset-backed NFT and stores it in a secure vault.
Then, it sells the NFT to other Collateral Network holders in fractions (fractionalized lending) so that it can finance the loan. Lenders who buy fractions of loans via Collateral Network have the opportunity to create a diversified portfolio of loans for themselves, earning multiple streams of passive income in return for funding the loans in the form of a weekly passive income.
When the loan is repaid, Collateral Network returns the asset to the borrower and burns the NFT minted from it. And if the borrower fails to repay, lenders are still safe because COLT will sell the asset at a private auction, enabling lenders to get their funds back.
However, this is not where the benefits for both borrowers and lenders end. Namely, Collateral Network also offers other sweet deals to holders, including governance rights, discounts on borrowing/trading fees, access to auctions, and passive income from staking.
Collateral Network is currently in its public presale. The coin has already provided 40% returns for its holders, and it's not planning on stopping anytime soon. Namely, experts predict COLT to bring 3500% returns before it hits exchanges and whopping 100x gains once it does.
After the newest Shibarium update reached Shiba Inu investors' Twitter feeds, things are looking good for Shiba Inu as the coin is showing strong buying sentiments. Previous data show that many Shiba Inu investors bought heavily in the $0.000009 and $0.000014 range, which is instilling confidence in investors as Shiba Inu nears that range again.
Currently, Shiba Inu (SHIB) is trading at $0.000008, a 1.53% increase in the past 24 hours. Consequently, the Shiba Inu trading volume is up by 15.21%, and the Shiba Inu (SHIB) market cap is up by 1.80%.
As the price nears the $0.000009 mark, Shiba Inu (SHIB) investors are expecting a surge in prices soon.
After a two-month-long negative trend, Chainlink is finally on the come up, and Chainlink investors are slowly starting to believe in the coin again. The end of the Chainlink negative trend is largely due to the upcoming updates of the Chainlink blockchain, which will potentially boost the coin's utility. So, Chainlink investors expect bullish sentiments soon, predicting the next Chainlink bull rally to reach $8.
At the moment, Chainlink (LINK) is trading at $6.61, a 4.33% increase in the last 24 hours. Also, the Chainlink (LINK) market cap is up by 4.12%, while the Chainlink (LINK) trading volume is down 7.45%.
For more information on Collateral Network visit the website, join the presale or join the community for regular updates.
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.
