The cryptocurrency market is excited as Dogecoin (DOGE) steals the spotlight, propelled by none other than Elon Musk's infamous Twitter antics. With its endearing mascot and a loyal online community, DOGE has skyrocketed in value, surpassing its rival Shiba Inu (SHIB) and emerging as a major player in the crypto space.
But the surprises don't end there – in this article, we'll also delve into the intriguing prospects of Collateral Network (COLT), a hidden gem predicted to experience a staggering 35x increase in value.
Yes, Elon Musk's Twitter antics have caused Dogecoin to surge ahead of Shiba Inu. According to Reuters's recent article, Dogecoin has become the seventh biggest cryptocurrency with a market capitalization of $13.7 billion.
The article also mentions that Elon Musk replaced the Twitter bird with a Shiba Inu dog, which caused Dogecoin to jump. However, according to Business Insider, Dogecoin has shed 8% in the past 24 hours after rallying on Elon Musk Twitter's new homepage icon, a picture of a Shiba Inu and a nod to the cryptocurrency.
On Monday, Twitter replaced its iconic bird logo with a picture of a Shiba Inu, the dog that serves as the emblem for the Dogecoin cryptocurrency. Only the front page of Twitter's web version features the new logo.
Elon Musk, the CEO of Twitter, posted a meme on Tuesday that featured a Shiba Inu and the words, "That's an old picture." A few hours later, one of the richest men in the world shared a screenshot of his discussion with somebody on Twitter before purchasing the microblogging service.
The picture revealed that the user had requested that Musk purchase the social networking site and swap out its logo with the Dogecoin one. To demonstrate that he fulfilled his word, Musk revealed the chat on Monday.
He tweeted, "As promised," as he published the screenshot.
Shiba Inu (SHIB) is a cryptocurrency in the news lately due to its price volatility and Elon Musk's tweets about it. According to WalletInvestor, SHIB is expected to reach $0.000000921 by 2024. However, external headwinds are battering its price action, which may tank sharply as, from technical analysis, bulls have received a firm rejection.
A significant update indicates that Shibarium, the Ecosystem's eagerly awaited layer -2 blockchain scalability solution, will go live before the weekend. The developers of Shibarium and the Shiba INU are anticipated to continue concentrating on video games and additional metaverse applications.
Shibarium's price may climb above the intended $0.000026 if initiatives such as the Shiba Inu game, the DAO, NFTs, and the most expected Shibarium debut give enough impetus. However, the price could increase to $0.000020 due to the usual dynamics of purchasing and selling. If bearish trends persist, prices may end up around $0.000012 by the end of the day.
Imagine a future without the complications and wait times associated with conventional lending systems and where borrowing is a fluid, user-friendly process. Using blockchain, Collateral Network (COLT) aims to make this dream a reality by revolutionising how we think about loans and investments.
By establishing a decentralized, collaborative crowdlending system, Collateral Network (COLT) innovates the lending system using fractionalized NFTs.
Collateral Network (COLT) enables borrowers to use expensive possessions like watches, luxury automobiles, and more as collateral, they can get the money they need much quicker. Therefore, users are no longer restricted by their credit history, onerous paperwork, or protracted waits, thanks to Collateral Network (COLT).
Conversely, with these NFTs, lenders can pool their funds to fund loans to borrowers while earning on their investments jointly. This is made possible as the NFTs are fractionalized, promoting ease of access for multiple lenders to fund the loan.
The Collateral Network (COLT) network is propelled by the adaptable COLT token, which serves as the primary medium of exchange for all business dealings and platform operations. Owners of tokens can take advantage of extra benefits like staking incentives and fee reductions, as well as governance rights and more.
Investors can join Collateral Network (COLT), poised to change the face of crowdlending, on this groundbreaking adventure during the presale. Analysts predict that COLT, currently trading for $0.014 after surging 40% up from its initial price, would increase up to 35x during the presale if the current demand persists.
Website: https://www.collateralnetwork.io/
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.