Memecoin popularity has reached its highest point since the bull market of 2021, with projects like Baby Doge Coin (Baby Doge) and Shiba Inu (SHIB) predicted to offer huge returns over the next few weeks. However, given the turbulence of the memecoin market, analysts believe that Collateral Network (COLT) could offer a higher return in 2023.
Collateral Network Expected To Outperform Memecoins
Although memecoins have the potential to offer high returns, they’re also extremely volatile. As a result, experts believe that Collateral Network (COLT) could offer higher returns and greater stability.
Since its presale started, Collateral Network (COLT) has already increased in value by 40%, outperforming both Baby Doge Coin (Baby Doge) and Shiba Inu (SHIB) in the process. Now, with an additional 28% rise on the way investors are buying Collateral Network tokens over memecoin alternatives.
Collateral Network was created to disrupt the multi-trillion-dollar crowdlending market. It uses DeFi technology to help borrowers unlock liquidity from their physical assets including real estate, supercars, yachts, fine art and diamonds.
Borrowers can do this by sending their asset to Collateral Network (COLT), who will value the asset using AI. Following its valuation, the asset will be minted as a fractionalized NFT. This NFT will then be available to Collateral Network (COLT) investors, who can buy fractions in return for a fixed interest rate.
With a doxxed team who have prior DeFi and crowdlending experience, analysts believe that Collateral Network (COLT) has huge potential and could hit $0.35 before its presale ends. With tokens selling at $0.014, this would make Collateral Network (COLT) one of the highest return presales, outperforming every memecoin in circulation.
Shiba Inu Plans To Push The Barriers Of Memecoin Utility
Shiba Inu (SHIB), the world’s second largest memecoin, is currently leading the way for memecoins. It’s looking to improve its utility with its layer 2 scalability platform, Shibarium. Meanwhile, Shiba Inu (SHIB) token holders are burning tokens at record rate to drive up its value.
Currently, this activity has failed to drive up the price of Shiba Inu (SHIB), though it has resulted in greater trading activity. Throughout April Shiba Inu’s (SHIB) daily trading volume consistently passed over $300 million, and still remains higher than $100 million daily in May.
That being said, Shiba Inu’s (SHIB) Shibarium project has so far experienced mixed results. Consequently, some investors believe any Shiba Inu (SHIB) returns may only be short term and therefore have stopped buying Shiba Inu (SHIB) tokens.
Baby Doge Coin Could Rival Pepe
Baby Doge Coin (BabyDoge) has attracted media attention over the last week following the rise of the Pepe meme. Although Baby Doge Coin (BabyDoge) is yet to offer the same returns, Baby Doge Coin (BabyDoge) has greater utility than the meme and is designed to support animal adoption.
Since the start of May, Baby Doge Coin (BabyDoge) has decreased in price by 15.12%, though investors remain confident in Baby Doge Coin (BabyDoge) as trading activity has increased.
From the 4th to the 5th of May, Baby Doge Coin (BabyDoge) trading volume increased by 90.53%, with over $14.7 million transactions taking place. Should investors continue to buy Baby Doge Coin (BabyDoge), it’s only a matter of time until its value rises.
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