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In the cryptocurrency world, Chiliz (CHZ) and Shiba Inu (SHIB) have been making waves with their recent increase in value. However, there’s a new player on the horizon that experts are keeping an eye on – Collateral Network (COLT). With its innovative approach and potential for 35x growth, COLT has caught the attention of investors and analysts alike. In this article, we will explore the recent performance of CHZ and SHIB and why COLT could be the dark horse that surpasses them all in terms of growth and market impact.
According to experts, Chiliz’s (CHZ) coin price prediction, its price will be around $0.21 on December 2023. The optimistic forecast predicts a significant rise with a future price of $0.31 in 2024 and potentially going up to $0.91 in the next five years.
Traders in the gaming industry will like CHZ because of its longevity and market appeal. Investors also found a reliable element built into this currency. An actual litmus test for money and cryptocurrencies has been the pandemic.
Overcoming all obstacles, the Chiliz crypto is poised to become a benchmark for its future performance. Chiliz lures a significant sports enthusiast audience from the markets and exceeds all predictions based on the most recent information about digital coins.
The price of the CHZ coin is $0.1189 at the time of writing, and Chiliz cryptocurrency price prediction, with an active trading volume of CHZ of $33,003,656. The market capitalization of Chiliz was $797,893,114, with an active supply of 6,718,673,450 CHZ.
Shiba Inu (SHIB)
According to analysts, Shiba Inu’s past price history indicates that the minimum price of SHIB in 2023 may be about $0.0000176, with a maximum expected price of around $0.0000212 and an average trading price of $0.0000182.
At the time of writing, Shiba Inu is priced at $0.00001123, and there are currently 589,544,333,563,458 SHIB in circulation overall. Around $253,162,389 worth of this cryptocurrency is traded every day.
Shiba Inu’s market capitalisation reached $6,150,223,389 in terms of position. Shiba Inu prices are currently 3.98% less than they were yesterday.
The highest SHIB price ever recorded in 2022 was $0.00003436, which occurred at the start of the year. After that, the token has only ever traded in a downtrend or, to be more optimistic, in a sideways range. In addition, Shiba Inu’s present price is extremely near to the previous price point from whence the rise started. In 2023, the growth of the Shiba Inu coin is expected to occur, albeit slowly. Therefore, according to various price predictions, SHIB’s price may offer investors reasonable profits.
Collateral Network (COLT)
Traditionally, borrowers in need of capital require a lengthy and challenging application process. However, Collateral Network (COLT) simplifies borrowing by providing a simple and practical solution that uses asset-backed NFTs on the blockchain.
The Collateral Network (COLT)’s advantage is the development of NFTs that are backed 1:1 by borrowers’ assets as collateral. These assets range from real estate, luxury cars, fine art, fine whisky and more.
As the NFTs are fractionalized, multiple lenders can fund the loan and earn a fixed rate of interest.
The new approach of moving off-chain commodities on-chain is innovative for borrowers and lenders. Borrowers are able to receive funds from numerous lenders in exchange for their assets as collateral.
The funds are anonymously delivered without any damage to credit score in less than 24 hours. Due to the system’s ability to enable several borrowers to make loan payments, customers using the crowdlending platform today can get institutional-level financing.
On the other hand, by expanding their pool of loans and operating as their private financial institutions, lenders can participate in the lucrative lending market and produce passive revenue.
The Collateral Network platform’s native token, COLT, will give owners several advantages, including reduced borrowing/trading costs, governance rights, and more.
With its cutting-edge lending approach, Collateral Network (COLT) has the potential to revolutionise the multibillion-dollar lending business. The most intriguing aspect is that COLT coins may be purchased at a current price of just $0.014 during the second stage of the current presale, offering an alluring opportunity for early investors. They are also predictions that the token may rise 35x once listed.
Read more about the COLT presale here:
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