Is The Shiba Inu (SHIB) Price Disappointing Holders? Investors Are Bullish On Conflux (CFX) and Collateral Network (COLT)
The post Is The Shiba Inu (SHIB) Price Disappointing Holders? Investors Are Bullish On Conflux (CFX) and Collateral Network (COLT) appeared first on Coinpedia Fintech News
Shiba Inu (SHIB)
Shiba Inu (SHIB) is an Ethereum-based meme coin with an amazing community. The Shiba Inu (SHIB) ecosystem features a decentralised exchange called Shibaswap. Also, Shiba Inu (SHIB) has a total supply of one quadrillion, which makes the coin abundant. The Shiba Inu (SHIB) network makes use of a burning mechanism to help to increase the value of the coin.
According to an Ethnews.com report, high numbers of token burns in recent weeks have not had the expected impact. March 2023 was the strongest month since October 2022, with 6.78 billion Shiba Inu (SHIB) tokens burned in 540 transactions. However, the Shiba Inu (SHIB) price has not increased proportionately. The lead developer of the network, Shytoshi Kusama, has calmed community members with the notion that Shiba Inu (SHIB) is an attractive investment for swing traders.
Conflux (CFX)
Conflux (CFX) is a layer one blockchain for decentralised applications (dApps), e-commerce and Web 3.0 infrastructure. Conflux (CFX) is designed to be more scalable, decentralised and secure than existing protocols. Interestingly, Conflux (CFX) is China’s only regulatory-compliant public blockchain.
The Conflux (CFX) token is used to pay for fees and secure the network through staking. As of press time, Conflux (CFX) is trading at $0.378. Conflux (CFX) recently unveiled plans to deploy Uniswap V3 to boost liquidity. Following the Conflux (CFX) official tweet, the deployment aims to give millions of new users, particularly in the Chinese and Asian markets, access to DeFi.
But then investors are looking for projects that will benefit people from any region of the world. And experts recommend the Collateral Network (COLT).
Collateral Network (COLT)
Collateral Network (COLT) is the first Web3 decentralised peer-to-peer platform for real-world assets. Collateral Network (COLT) is designed to transform the crypto lending industry. People who need a short-term loan can get it on Collateral Network (COLT) using physical assets like gold, real estate, etc., as collateral.
For example, you own $20,000 worth of art but need cash. You can send the art to Collateral Network (COLT), where the team will authenticate, value it, and mint an NFT to represent the art. This makes the NFT 100% asset-backed.
Furthermore, Collateral Network (COLT) will fractionalize the NFT into smaller pieces to enable lenders to contribute smaller amounts for an agreed-upon interest rate. That way, you will receive the fund you need very fast. Then when you repay the loan, the platform will redeem the asset from the vault and burn the NFT.
With such an excellent system, it is no doubt that the future is bright for Collateral Network (COLT). Now in stage two of its public presale, the Collateral Network (COLT) token is trading at $0.014, with experts predicting a 3500% growth potential in the coming months.
Read more about the COLT presale here:
Website: https://www.collateralnetwork.io/
Presale: https://app.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
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Filed under: Bitcoin - @ April 29, 2023 10:17 am