Shiba Inu (SHIB) is looking to become more than just another meme coin in 2023. Its community is burning tokens at record rates while the developers are building its infrastructure to influence the DeFi market. However, how does Shiba Inu compare to VeChain (VET) and Collateral Network (COLT).
Collateral Network, a new DeFi lending project has been leading the way in this sector. Can SHIB match Collateral Network’s 3000% plus predicted growth?
Collateral Network On Track To Outperform Shiba Inu And VeChain
Much like VeChain, Collateral Network looks to close the gap between DeFi and the real world. Collateral Network is designed to revolutionize the traditional lending industry, letting individuals borrow against their physical assets (fine wine, cars, real estate) by bringing them on-chain. The project has already increased by 40% during its presale. The team has been doxxed and KYC audited, with experience in the crypto and asset-backed lending sector.
Collateral Network uses artificial intelligence (AI) to accurately value assets and generate algorithmic lending rates before borrowing commences. After an asset has been valued, it is minted as an NFT (asset backed NFT) and fractionalized, allowing multiple lenders to contribute to one single loan with smaller capital outlays.
This opens up the $7.4 trillion asset-backed lending market to anyone with a crypto wallet and allows them to participate in this lucrative sector and become their own mini bank.
Collateral Network has several advantages over the traditional lending sector, including access to cash quickly with minimal paperwork and no credit checks. The lending process is handled by smart contracts on the blockchain meaning all transactions are discreet, transparent and immutable. Ensuring peace of mind for all parties involved.
The Collateral Network (COLT) ecosystem will be powered by COLT tokens, with one token currently selling for $0.014. The price is due to increase again to $0.0168 with over 100 million COLT tokens already sold..
Token holders will have the right to vote on future policies, earn staking bonuses, and more, all while profiting from an expected ROI of 3500% in the next six months.
Shiba Inu Down 4% After Shibarium Criticism
In 2023 Shiba Inu announced that it will release a layer 2 scalability project called Shibarium. The project was designed to improve Shiba Inu’s utility and drive its value to become a leading meme coin.
However, Shibarium has gotten off to a rocky start. Shiba Inu first increased in value following the announcement, but several delays have left the community waiting on any progress.
If this wasn’t bad enough, the Shiba Inu development team has stated that any Shibarium tokens purchased at first will be extremely risky due to scams and the instability of the Beta phase. As a result, Shiba Inu (SHIB) has decreased in price by 4.49% in the past month, with one Shiba Inu token being valued at $0.00001026.
VeChain Declines Despite DeFi Progress
Over the past week, VeChain executed over 140 million real-world transactions for Fortune 500 companies. These VeChain transactions spanned a range of industries and covered everything from putting products on shelves to educating consumers. Market analysts now believe that VeChain is building the foundation for the “greatest digital revolution since the internet’s inception”.
Having already worked with the likes of LVMH and BMW, VeChain continues to pioneer DeFi applications in the real world. However, its returns have been below average. In the last month, VeChain (VET) decreased in price by 3.40%, with a 0.12% decrease in the past five days. At the time of writing, one VeChain token is selling for $0.02239, having increased by 1.26% in the last 24 hours.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Presale: https://app.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
Shiba Inu (SHIB) is looking to become more than just another meme coin in 2023. Its community is burning tokens at record rates while the developers are building its infrastructure to influence the DeFi market. However, how does Shiba Inu compare to VeChain (VET) and Collateral Network (COLT).
Collateral Network, a new DeFi lending project has been leading the way in this sector. Can SHIB match Collateral Network’s 3000% plus predicted growth?
Collateral Network On Track To Outperform Shiba Inu And VeChain
Much like VeChain, Collateral Network looks to close the gap between DeFi and the real world. Collateral Network is designed to revolutionize the traditional lending industry, letting individuals borrow against their physical assets (fine wine, cars, real estate) by bringing them on-chain. The project has already increased by 40% during its presale. The team has been doxxed and KYC audited, with experience in the crypto and asset-backed lending sector.
Collateral Network uses artificial intelligence (AI) to accurately value assets and generate algorithmic lending rates before borrowing commences. After an asset has been valued, it is minted as an NFT (asset backed NFT) and fractionalized, allowing multiple lenders to contribute to one single loan with smaller capital outlays.
This opens up the $7.4 trillion asset-backed lending market to anyone with a crypto wallet and allows them to participate in this lucrative sector and become their own mini bank.
Collateral Network has several advantages over the traditional lending sector, including access to cash quickly with minimal paperwork and no credit checks. The lending process is handled by smart contracts on the blockchain meaning all transactions are discreet, transparent and immutable. Ensuring peace of mind for all parties involved.
The Collateral Network (COLT) ecosystem will be powered by COLT tokens, with one token currently selling for $0.014. The price is due to increase again to $0.0168 with over 100 million COLT tokens already sold..
Token holders will have the right to vote on future policies, earn staking bonuses, and more, all while profiting from an expected ROI of 3500% in the next six months.
Shiba Inu Down 4% After Shibarium Criticism
In 2023 Shiba Inu announced that it will release a layer 2 scalability project called Shibarium. The project was designed to improve Shiba Inu’s utility and drive its value to become a leading meme coin.
However, Shibarium has gotten off to a rocky start. Shiba Inu first increased in value following the announcement, but several delays have left the community waiting on any progress.
If this wasn’t bad enough, the Shiba Inu development team has stated that any Shibarium tokens purchased at first will be extremely risky due to scams and the instability of the Beta phase. As a result, Shiba Inu (SHIB) has decreased in price by 4.49% in the past month, with one Shiba Inu token being valued at $0.00001026.
VeChain Declines Despite DeFi Progress
Over the past week, VeChain executed over 140 million real-world transactions for Fortune 500 companies. These VeChain transactions spanned a range of industries and covered everything from putting products on shelves to educating consumers. Market analysts now believe that VeChain is building the foundation for the “greatest digital revolution since the internet’s inception”.
Having already worked with the likes of LVMH and BMW, VeChain continues to pioneer DeFi applications in the real world. However, its returns have been below average. In the last month, VeChain (VET) decreased in price by 3.40%, with a 0.12% decrease in the past five days. At the time of writing, one VeChain token is selling for $0.02239, having increased by 1.26% in the last 24 hours.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Presale: https://app.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk