Will Shiba Inu Coin Reach $1? Avalanche AVAX Struggles to Keep Pace with Collateral Network

Place/Date: - May 26th, 2023 at 10:45 am UTC · 3 min read
Source: Collateral Network

Will Shiba Inu Coin Reach $1? Avalanche AVAX Struggles to Keep Pace with Collateral Network
Photo: Collateral Network

If you are a crypto enthusiast, you must have heard about Collateral Network’s (COLT) presale, which has become the hottest investment option. The market value of Collateral Network is increasing rapidly, and is likely to give 100x profit to its investors in 2023. Meanwhile, Avalanche (AVAX) and Shiba Inu (SHIB) have moved into the red zone.

Avalanche Plans to Unlock 9.5 Million AVAX Tokens

Despite registering an increase in its network activity, Avalanche has struggled to come out of a bearish outlook. The price of Avalanche (AVAX) has declined by 2% in the last week. As a result, Avalanche is currently changing hands at $16.94.

Earlier, the data suggested that the daily activity on the Avalanche blockchain recorded an increase of 91.5% in the past month, and the platform’s revenue surged by 386% during the same period. Considering that Avalanche is set to unlock more than 9.5 million AVAX tokens on May 28, it is anticipated that the project’s market value can decline further. Avalanche’s token unlock decision is based on the reassessment of its expected ownership concentration, and inflationary pressure. Meanwhile, market experts believe that a long spell of negative performance can deter long-term investors from investing in Avalanche.

Shiba Inu’s Shibarium Grows in Popularity

The market share of Shiba Inu’s recently launched Shibarium has started to pick up pace. According to a recent report, more than 300 enterprise requests have been made for the full-node integration of Shiba Inu’s layer 2 scaling solutions. Thus, the demand for BONE, which is the Shibarium gas token and a part of Shiba Inu’s ecosystem, has also grown significantly.

Notably, Shiba Inu’s offspring token, BONE, has secured a listing at five exchanges in the last month. The Shiba Inu community anticipates that Shibarium’s increasing popularity will soon start making a positive impact on SHIB. Meanwhile, the market value of Shiba Inu has declined by 4% in the past week. Consequently, Shiba Inu (SHIB) is currently trading at $0.000009.

Collateral Network (COLT) Scripts a New Presale Success Story

Collateral Network is a blockchain-powered crowdlending platform that allows you to take loans against physical assets. On Collateral Network, people can borrow money against various non-traditional assets, such as fine wines, watches, cars, gold and more, at competitive interest rates.

If someone wants to borrow money against their physical assets, they can send their assets to Collateral Network, and the platform will use an artificial intelligence-based process to assess, and value the collateral. Next, it will mint fractional NFTs against borrowers’ assets, and store them in its vaults. After settling the entire loan amount, borrowers can reclaim the physical possession of their assets.

Lenders can purchase Collateral Network’s 100% asset-backed NFTs at a fixed interest rate set by them. They will also get a fixed income every week. Collateral Network’s services can be accessed from any part of the world.

The current purchase price of Collateral Network (COLT) tokens is $0.014. Market experts are confident that the value of Collateral Network will increase by 3500% before the culmination of the presale phase. Only 38% of total tokens are scheduled to be supplied during the presale round.

Find out more about the Collateral Network here: WebsitePresaleTelegramTwitter.

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