Shiba Inu (SHIB) Testnet ‘Puppynet’ Shows Increased Activity, Litecoin (LTC) and Collateral Network (COLT) Prepare for Next Price Rally
Photo: Collateral Network
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This week, the cryptocurrency markets have been active with Shiba Inu (SHIB) showing an increase in activity on its testnet, Collateral Network (COLT) taking the lead in its presale, and Litecoin (LTC) preparing for another rally.
Of these three events, the Collateral Network (COLT) presale has been the most noteworthy as it has seen a surge in participation from investors following expert recommendations that the challenger lender had the potential to grow by 3500% in the coming months. Let’s take a closer look at each of these events.
Collateral Network (COLT)
Collateral Network (COLT) is an innovative Web3 crowdlending platform that brings a fresh perspective to the rapidly evolving decentralized finance sector. Collateral Network (COLT) aims to streamline borrowing and lending using blockchain technology and fractionalized non-fungible tokens (NFTs) based on real-world physical assets.
Imagine someone wanting to secure a loan using their valuable wine collection, artwork, or even a precious gemstone. They can use Collateral Network (COLT) to create an NFT representing their asset, which is then fractionalized and made available to potential lenders on Collateral Network (COLT). This allows multiple lenders to fund the borrower’s loan, and as a result, earn fixed-interest weekly payments.
Transactions on Collateral Network (COLT) are facilitated using the COLT token, which is projected to experience a significant 3500% price increase during the presale. Token holders can also stake their COLT tokens to generate passive income and participate in decision-making of future developments of the platform through voting.
With its innovative approach, Collateral Network (COLT) looks well on the way to revolutionizing the billion-dollar global lending industry. As such, acquiring COLT for $0.014 during the Collateral Network (COLT) presale could be the best decision an investor can make this year.
Litecoin (LTC)
Litecoin (LTC) is one of the oldest and most popular cryptocurrencies, with a track record of consistent performance. This year, Litecoin (LTC) has seen a resurgence in investor interest as its price rose from a 2022 low of $40 to a recent peak of over $105.
But what is driving the current surge in Litecoin (LTC) prices? One of the main factors is the upcoming Litecoin (LTC) halving event. Halvings occur roughly every four years and reduce the amount of new Litecoin (LTC) rewarded to miners for verifying transactions. This reduction in supply creates a demand imbalance which can drive prices higher.
If previous Litecoin (LTC) halving events are anything to go by, this event should cause a significant increase in price, with a new all-time for Litecoin (LTC) after the halving. As such, many investors are looking to take advantage of this event by stocking up on Litecoin (LTC) in preparation for the rally.
Shiba Inu (SHIB)
Shiba Inu (SHIB) is an emerging cryptocurrency that recently hit the market with a bang and has quickly become one of the most sought-after digital assets. Shiba Inu (SHIB) is currently trading at over $0.000010 and its total market cap has exceeded $6.4 billion, making Shiba Inu (SHIB) one of the top 15 digital currencies in the world.
Shiba Inu (SHIB) is currently gearing up for the release of Shibarium, a Layer-2 scaling solution for the Shiba Inu (SHIB) ecosystem. The protocol is expected to massively improve the usability of Shiba Inu (SHIB) by providing a platform for developers to create applications and projects on top of the network.
It seems that we aren’t far away from the launch of Shibarium, as the Shiba Inu (SHIB) Testnet ‘Puppynet’ is already showing increased activity. In fact, there were over 100,000 transactions over a 24-hour period in the Puppynet, indicating that Shiba Inu (SHIB)’s Shibarium could very well be just around the corner.
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