The crypto market is currently enduring what is turning out to be quite an extended bear cycle, and there have been a lot of losses. However, even in this terrible market, there are promising tokens like Collateral Network (COLT), Shiba Inu (SHIB), and Dogecoin (DOGE) that experts believe can make anyone a lot of profit in the next bull run.
Collateral Network (COLT)
Collateral Network (COLT) aims to be the first Web3 platform built on the Ethereum Network to support peer-to-peer lending. The Collateral Network (COLT) platform will allow users to borrow crypto tokens against physical assets on the blockchain, like valuable paintings, vintage cars, rare wines, etc.
Borrowers send an asset to the Collateral Network (COLT), where the team, using the AI, authenticates and values the item. Then, the asset is secured in the Collateral Network (COLT) vault, and the team mints an NFT, backed 1:1 by the physical asset, with the same value as the physical asset.
After, the Collateral Network (COLT) fractionalizes the NFT, allowing lenders to purchase fractions of the NTF. This way, borrowers gather the loan, whose amount is formed by small funds from several lenders worldwide. As a result, lenders get access to fixed passive income and asset security, while borrowers with Collateral Network (COLT) get access to cash faster at low cost and flexible terms.
If borrowers default on the loan, the Collateral Network (COLT) auctions the distressed item, allowing the community to buy it at a lower price than in the market. After selling the asset, the benefits are used to return lenders’ money and interests.
For those now curious about the Collateral Network (COLT) platform, it is already semi-live, and the presale of the Collateral Network (COLT) is already underway, with COLT tokens at $0.01. However, the price is expected to rise by at least 3500% as more and more people come to see how valuable the innovation can be.
Shiba Inu (SHIB)
Shiba Inu (SHIB) is one of the most popular meme coins out there, making many of its early investors quite a lot of returns.
Like many others, the Shiba Inu (SHIB) token has taken a good beating in terms of value during this bear market; however, many still hold out hope the Shiba Inu (SHIB) token can make them some more money.
That is possible, but it may take some time to come to fruition because the Shiba Inu (SHIB) token has been following a bearish pattern.
In recent news, it was revealed that Shiba Inu (SHIB) even burned more than 1.1 million tokens in one transaction, reducing the circulating supply.
Naturally, this usually means an uptick in price movement, but Shiba Inu (SHIB) continues to trade under bearish sentiments with a 7-day high of $0.00001121 and a low of $0.00001082.
Some experts claim this is a good sign; the fewer Shiba Inu (SHIB) tokens in circulation, the more valuable it becomes. Will the burn spell an uptick in the Shiba Inu (SHIB) token price in the long run? Very likely.
Regardless of what happens, analysts have called Shiba Inu (SHIB) a token to watch out for in the next bull run.
Dogecoin (DOGE)
Dogecoin (DOGE) has been getting a lot of airtime following Elon Musk’s stunt, which saw him replace the Twitter logo with that of The Dogecoin (DOGE) token. Following his actions, the value of Dogecoin (DOGE) shot up to a 4-month high of $0.105 before falling to the correction phase.
According to experts, Dogecoin (DOGE) may see a possible reversal from the $0.0618 area that could encourage the Dogecoin (DOGE) price to retake lost ground over the next couple of days.
However, should Dogecoin (DOGE) experience a breakdown below the 0.0618 range, then that reflects weakness in the bullish momentum, thereby prolonging the ongoing fall in the Dogecoin (DOGE) token price.
Regardless of what happens, Dogecoin (DOGE) investors remain enthusiastic about what the future has to offer, especially now that Musk seems to be hinting at Dogecoin (DOGE) tokens’ involvement with Twitter.
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