As the crypto market recovers from its recent nosedive, investors are more interested in promising projects to help them rake in the big bucks. However, this can be tricky, especially as many coins trade in the green. Keep on reading for more information about Shiba Inu (SHIB), Chiliz (CHZ), and Collateral Network’s (COLT) latest performance in the market, with COLT notably set to explode by over 3500%.
Shiba Inu (SHIB)
Shiba Inu (SHIB) is a popular meme coin launched in August 2020. The coin is based on the meme of the Japanese canine Shiba Inu breed. At its initial launch, Shiba Inu (SHIB) was considered speculative because it offered little real-world functionality. However, the team responsible for the coin has been actively working to ensure that Shiba Inu (SHIB) evolves into a thriving blockchain ecosystem.
One of the most notable events since the launch of Shiba Inu (SHIB) is the development of the Shibarium blockchain. Shibarium is a layer-2 solution that provides low-cost and speedy transactions within the Shiba Inu (SHIB) ecosystem.
Shiba Inu’s (SHIB) price has jumped by 5% in the last few weeks. In the past 24 hours, the price of Shiba Inu (SHIB) reached $0.000011 as the crypto market continues to recover.
Chiliz (CHZ)
Chiliz (CHZ) is a fan-focused crypto project that offers web3 infrastructure for sports and entertainment. CHZ is the native token for the Chiliz blockchain. Chiliz (CHZ) experienced a massive price boost as the FIFA world cup was set to kick off last year, with a value of $0.29, but the price quickly crashed.
Chiliz (CHZ) is one of the most prominent sports protocols in the crypto industry. People who own the Chiliz (CHZ) token can purchase tokens on Socios (which is backed by Chiliz) and make certain decisions on teams they’re interested in.
Furthermore, Chiliz (CHZ) is set to launch its sports blockchain in May—a move that crypto experts and analysts predict could significantly boost the token’s value. At the time of writing, the price of Chiliz (CHZ) is $0.13, but it is expected to rise within the range of $0.22 and $0.27 in 2024.
Collateral Network (COLT)
Collateral Network (COLT) is a fast-rising crypto project showing serious growth potential. It is a decentralized platform that aims to revolutionize how people borrow and lend money. Collateral Network (COLT) allows borrowers to take out loans backed by their assets via fractionalized non-fungible tokens (NFTs). Its system promises top-notch security, faster transactions, lower fees, and fewer complications.
On Collateral Network (COLT), users’ real-life assets (cars, jewellery, fine art) can be converted to NFTs before they can be used as collateral. One thing about this system is that the NFT is worth the same as the real asset. These NFTs are fractionalized so that anyone can easily borrow or lend funds.
Additionally, users don’t have to worry about selling off their assets or dealing with a lot of paperwork or brokers. Collateral Network (COLT) offers its users several benefits, including the opportunity to stake tokens, a fixed interest rate, and voting rights for projects within the ecosystem.
Although Collateral Network (COLT) is still in the presale stage, experts predict the token’s price will pump by over 3500% thanks to its unique system. Collateral Network (COLT) is currently the only crypto platform that allows users to obtain loans backed by real-life assets, albeit NFTs.
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