As Pepe (PEPE) Gains Interest, Experts Set Their Sights on a New Contender
With Pepe (PEPE) gaining interest in the crypto market, experts are also now turning their attention to a new contender. This emerging player has captured the interest of investors and analysts alike, sparking speculation about its potential to disrupt the $4.5 trillion asset-backed lending market.
Pepe (PEPE) Gains Traction: The Newest Meme Crypto
Pepe, a self-branded ‘ultimate meme coin,’ has made a significant splash in the crypto scene since its debut in April 2023. In just a short time, Pepe has achieved a market capitalization of over $1.8 billion, demonstrating strong market interest.
Pepe is based on the popular Pepe The Frog meme, which has been used in some of the most iconic internet memes since its introduction in 2005. Aptly named after its mascot, Pepe embodies fun, community, and a bit of chaos.
Unlike many other altcoins, Pepe has allocated a vast majority of its tokens, 93.1%, directly into the Liquidity Pool, rather than reserving a large portion for the development team — something that the crypto community has applauded.
Despite Pepe’s rapid growth and market interest, there is some mystery surrounding the creators of Pepe, and the token currently lacks a defined use case, both of which could present risks for potential investors.
Technical analysis of the Pepe price charts suggests that speculative buyers are starting to sell and cash out their profits. Pepe (PEPE) is currently priced at $0.000001186, with strong support at the $0.0000010 zone. It remains to be seen whether the token can sustain its current trajectory and become a top contender in the crypto market.
The Rising Star: 40% Gains for New Token
Imagine you have a valuable piece of art that you’d rather not sell, but you need money for an urgent expense. With Collateral Network, you can use your art as collateral to unlock liquidity. Your art piece could serve but also cars, properties, fine wines, jewelry, and watches.
So, how this works? Collateral Network tokenizes this piece of art into an NFT, a unique digital representation of your physical asset. This NFT is then fragmented, like cutting a pie into smaller slices. These slices, or fractions of the NFT – that are also holding an equal value – can then be bought by several lenders in the Collateral Network platform.
This way, Collateral Network enables someone with just $10 to participate in the lending process, making it more accessible to many who previously couldn’t afford to get involved in the traditional lending market. Lenders receive a weekly passive income in return for the duration of the loan.
One of the major pain points in securing a loan is the paperwork and the waiting time. Collateral Network (tackles this issue head-on with smart contracts, which are essentially automated agreements on the blockchain. With this, the entire loan process is expedited, taking only minutes instead of days or weeks.
The COLT token is needed to get the most out of this decentralized ecosystem. It’s like a key to unlock various features, such as participating in auctions of distressed items, paying transaction fees, or even earning passive income by staking your tokens.
Why Are Analysts So Focused On Collateral Network (COLT)
Now, why is there so much buzz around this project? It’s simple — Collateral Network is tapping into a market worth trillions. If successful, it could create an entirely new system of lending and borrowing that can provide access to financial services for those who need it most.
COLT can be purchased for discounted rates during the ongoing presale, with current buyers also eligible for a 40% deposit bonus. Analysts predict that the current COLT token price of $0.014 will likely rise to $0.35 once it hits exchanges and by 100x afterward, so now it’s a great opportunity to make some early profits.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Presale: https://presale.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
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Filed under: Bitcoin - @ June 3, 2023 10:08 am