While Shiba Inu (SHIB) and Dogecoin (DOGE) Get Into The Red Zone, Collateral Network (COLT) Moves Forward

Making a constructive analysis of the blockchain space, current price movements, and overall developments behind blockchain projects can be an essential part of an investor's determining what to buy, sell or trade.

Shiba Inu (SHIB) and Dogecoin (DOGE), for example, have been showcasing worrying performance as they have entered the red zone. At times such as these, investors might be motivated to gravitate towards newer projects at their Stage 1 presale phase, such as Collateral Network (COLT), which analysts predict will be one of the most important for 2023.

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Shiba Inu (SHIB)

Shiba Inu (SHIB) is a meme-related cryptocurrency that aims to build a decentralized community. The Shiba Inu (SHIB) cryptocurrency has a high level of utility as it can be used to purchase goods and services within the broader ecosystem. The Shiba Inu (SHIB) cryptocurrency is also an incentive for ShibaSwap, the ecosystem's decentralized exchange (DEX).

The Shiba Inu (SHIB), as of March 11, 2023, is trading at a value of $0.00001018. The cryptocurrency reached its all-time high value on October 28, 2021, when it was worth $0.00008616. Shiba Inu (SHIB) trades at 88.23% under its ATH.

In the past seven days, the Shiba Inu (SHIB) cryptocurrency saw an additional decrease of 9.54%.

The decrease in value has motivated investors to begin diversifying and, alongside Shiba Inu (SHIB), become interested in Dogecoin (DOGE) and Collateral Network (COLT).

Dogecoin (DOGE)

Dogecoin (DOGE) is one of the most well-known meme-related cryptocurrencies. Dogecoin (DOGE) was originally launched in 2013, and the first block was mined in December of the year.

One notable feature behind the Dogecoin (DOGE) project is that in 2014, it transitioned to Auxiliary Proof of Work (AuxPoW) and has merged-mined with Litecoin (LTC), a competing cryptocurrency.

On March 11, 2023, Dogecoin (DOGE) was trading at $0.065545. The all-time high behind Dogecoin (DOGE) occurred on May 8, 2021, when it reached a value of $0.731578. This means that Dogecoin (DOGE) trades 91.06% lower than its ATH value. In the past seven days, Dogecoin (DOGE) also decreased by 14.07% in terms of its value.

Clearly, Dogecoin (DOGE) is also showcasing worrying performance and is in the red zone.

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Collateral Network (COLT)

Collateral Network (COLT) is a project undergoing the first stage of its presale and has already gained a high level of appeal from traders and investors. This is because Collateral Network (COLT) is the first non-fungible token (NFT) oriented crowdlending platform built on the Ethereum blockchain.

The Collateral Network (COLT) platform is a challenger lender that makes it as simple as anyone globally to get cash through physical assets in the form of NFTs.

Borrowers can access fractional loans from Decentralized Finance (DeFi) users, ones that lend stablecoins for a fixed interest rate.

Borrowing on the Collateral Network (COLT) is simple as the platform mints NFTs backed by a borrower's asset, and then this NFT gets fractionalized to fund the loan. This provides high privacy, security, and transparency and a quick turnaround time on Collateral Network (COLT).

Its smart contract has been audited, and the tokens are locked for three years for the team, while the liquidity will be locked for 33 years.

The Collateral Network (COLT) and its native cryptocurrency are at the first stage of the presale, where its value is $0.01. Analysts predict that the cryptocurrency can grow by 35x throughout the next six months. 50% of the total supply of Collateral Network (COLT) tokens will be available in the presale. As such, investors and traders have the unique opportunity to jump into a project that can dominate the blockchain space.