Memecoins investors got a nasty surprise as $PEPE lost more than a billion dollars from its market cap in the last week. This negative sentiment spilled over into other leading memecoins like $DOGE and $SHIBA, causing investors to rotate their holdings.
As the macro condition worsens, Shiba Inu (SHIB) whales have been focusing on projects with genuine utility, and on-chain data shows colossal demand for Collateral Network (COLT).
Collateral Network (COLT) A New Era in Lending
Collateral Network is the world’s first decentralized lending protocol for tangible assets giving it a substantial first-mover advantage in the real-world narrative. Through its hybrid infrastructure model, Collateral Network unlocks liquidity for real-world assets using a process of physical-asset-backed NFTs and rationalization.
Supported assets include real estate, jewelry, vintage cars, rare whisky, and more. For the first time, owners can tap into the liquidity of their assets, continuing to benefit from long-term price appreciation and access global liquidity pools in a permissionless manner.
Collateral Network delivers a massive upgrade to the trillion-dollar asset-backed lending industry removing geographical restrictions and streamlining the process. Collateral Network bridges assets directly into DeFi by minting fractionalized NFTs that multiple lenders buy to fund a single loan. In return, lenders receive a weekly passive income. The physical assets, which include properties, cars, fine wines, artworks, and watches, act as collateral for the loan, with the platform keeping the right to sell the asset in case of borrowers´ default.
Analysts expect Collateral Network to be a market leader in the global peer-to-peer market, which according to Future Market Insights, is expected to be worth $1.3 trillion by 2032.
With team tokens locked for two years, the liquidity pool locked for 33 years, and planned launches on tier-one centralized exchanges detailed in the roadmap along with the overhaul Collateral Network brings to both DeFi and TradFi lending, analysts have given hyper-bullish predictions forecasting a 3500% price surge in the coming weeks and a further 100x surge once it is listed in major exchanges. Therefore, the best moment to buy the COLT tokens is now, when its price is $0.014 and with a 40% deposit bonus.
Shiba Inu (SHIB) Down More Than 11% This Week
Shiba Inu has been hit hard by the momentum collapse amongst memecoins and has suffered a heavy retracement. Whales believe this is the start of a more prolonged bearish trend judged by their on-chain activity and rotations into the Collateral Network presale. Shiba Inu (SHIB) price predictions remain similarly flat, with analysts forecasting a range between $0.00001132 and $0.00001278 by the end of the year.
According to CoinGecko, Shiba Inu remains the most popular memecoin amongst Indian and American investors. Typical of crypto markets, whales always act before retail, and their rotation from Shiba Inu to Collateral Network is a signal worth acting upon.
Shiba Inu continues its burn program, and its developers update its layer two scaling solution Shibarium. Still, objectively Shiba Inu remains light on utility. And headed into a credit crunch, utility-based projects will thrive, whereas projects like Shiba Inu that rely on market sentiment and momentum will have a difficult time in the coming months.
For more information on Collateral Network visit the website, join the presale or join the community for regular updates.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Presale: https://presale.collateralnetwork.io/login
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
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