Shiba Inu (SHIB) remains king even as Pepe (PEPE) moons temporarily, Filecoin (FIL) price action is slow, but the potential is great, and Collateral Network (COLT) is the cool new kid on the block. The last one, Collateral Network (COLT), has experts and analysts excited for its innovative approach and potential to give 3500% returns before being listed in major exchanges.
Shiba Inu (SHIB) is one to watch
Although PEPE is the latest memecoin taking the crypto world by storm, Shiba Inu’s continuing development and release of the Shibarium as a fully-fledged Layer 2 blockchain suggests that Shiba Inu’s memecoin crown isn’t going away anytime soon.
Recently though, fans on Twitter began to complain about the lack of burning of SHIB (Shiba Inu’s coin) and the correlating price decline. Following the dip in the overall market, Shiba Inu (SHIB) has now fallen below the psychological support line of $0.000009, and some worry that this might trigger a selloff.
Nevertheless, decentralization is the spirit (if not the law) of Shiba Inu, and burning rates have gone up by around 50000% on the 24-hour timeline at the time of writing, aided by three main actors: a mysterious wallet from an unknown holder, Cultpunks, and Blaze Token.
The Shibarium has also teased the community with a tweet saying that something big is coming, leading Shiba Inu fans to speculate that a cold wallet for SHIB might be imminent.
Filecoin’s (FIL) role in a decentralized internet makes it a potentially lucrative play
Filecoin’s innovative decentralized storage system can be seen as a challenge to cloud storage provider giants like Amazon’s AWS and DigitalOcean. Within the crypto storage and internet decentralization space, other players include Storj (STORJ), Siacoin (SIA), ARweave (AR), and Akash (AKT). Some of these tokens are direct competitors to Filecoin, like Storj, whilst others form another piece of the puzzle in creating a decentralized internet, such as Akash, which offers decentralized computing power. Given the relevance of a decentralized internet for crypto and Web3, what are the price predictions for Filecoin in 2023 and beyond?
Various sources and technical analyses have provided different predictions for the future price of Filecoin. In the short term, CoinCodex predicts a meager 1.15% increase, taking the value of Filecoin (FIL) to $4.80 by May 13, 2023. Stepping further out, CoinWire suggests a price of $6.39 by the end of 2023, climbing to $12.14 by the end of 2025.
Trading Education is incredibly bullish on Filecoin (FIL) and an outlier in its predictions, suggesting a (presumably bull run driven price) of $90.78 by the end of 2023, going as high as $236.88 by the end of 2025, a 5100% increase, which seems unlikely given the market cap of FIL but may be possible if we witness the mass adoption of crypto.
Cryptopolitan offers a broader and perhaps much more realistic price spectrum, predicting that the value of Filecoin (FIL) may hover anywhere between $4.46 to $60 by 2026.
At the time of writing, FIL is currently trading at $4.56 after a market-wide correction.
Collateral Network reinvents the pawnbroking and lending market
Collateral Network (COLT) is a new and promising coin and platform that went into presale at the end of March this year. Collateral Network aims to disrupt the pawnbroking and lending industry by allowing people to unlock liquidity against their valuable physical assets. Although pawnbroking brings up images of long-gone days, they are still used quite often in the UK and beyond, but there is a stigma attached to them.
Collateral Network offers a new way to quickly unlock liquidity without resorting to extortionate payday loans or tedious bank applications that affect privacy and credit checks. People can use physical assets, such as gold, diamonds, jewelry, properties, and vintage cars, as collateral to unlock liquidity using Collateral Network. The platform will then issue a tangible NFT to represent the item and fractionalize it, with relevant info recorded in the metadata. Collateral Network will ensure that the real-world asset is safely stored, or in the case of property and cars, other legally verified methods apply. Regular people can then become lenders by purchasing NFT fractions and earning weekly interest on the loan in return.
This system offers flexibility for the borrowers, who remain in control of the loan and can pay it off early if they wish without penalties and passive income for the lenders. COLT, the token of Collateral Network, offers benefits to holders, including lower rates of interest for borrowers, access to auctions of distressed items, and the ability to earn passive income through staking. Lenders can benefit by getting trading fee discounts in the Collateral Network marketplace.
COLT is in stage one of a 10-stage presale, and with a minimum launch price of $0.001, it has already increased by 40% to $0.014. The token, whose purchase currently offers a 40% deposit bonus, is predicted to increase to $0.35 before the presale and then again by another 100x once it gets listed by a tier 1 exchange such as Binance or Coinbase.
For more information on Collateral Network visit the website, join the presale or join the community for regular updates.
Find out more about the Collateral Network presale here:
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