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Last year was quite terrible for many altcoins. The protracted bear run of 2022 caused most cryptos, including Conflux (CFX) and Shiba Inu (SHIB), to plunge in their values. Many investors lost fortunes due to this unbearable crypto winter.
However, since the beginning of 2023, cryptocurrency market prices have begun their slow recovery following 2022's extended bear run. Tokens like Shiba Inu (SHIB) and Conflux (CFX) aim to return to their former glories. However, Collateral Network (COLT), a new crowdlending platform on the lips of many top crypto enthusiasts and investors, is making all the headlines.
Propelled by an anticipated 3500% investment return in the coming months, Collateral Network's (COLT) presale buying spree shows no signs of abating.
Unlike Shiba Inu (SHIB) and Conflux (CFX), Collateral Network (COLT) is a disruptive blockchain technology that provides a unique alternative to traditional lending services. For many years, lenders have had issues securing loans from financial institutions. From low-interest rates and geographical limitations to a pawnbroking industry with ill repute, it's not easy to get loans.
Collateral Network (COLT) looks to change this narrative by becoming a blockchain crowdlending solution that caters perfectly to lending and borrowing. On Collateral Network (COLT), borrowers can unlock capital against their physical assets by combining blockchain and NFT technology. Collateral Network (COLT) mints these assets as NFTs which are then fractionalized.
Collateral Network (COLT) lenders can also be their own mini-banks, providing asset-backed loans to lenders. They also earn a fixed passive income with flexible payment terms on these loans.
Investors who hold COLT tokens can also gain access to private auctions of distressed assets. These online-based auctions will allow investors to purchase assets below their market value if borrowers default on their loans. As well as this, they enjoy discounts, governance rights, and staking.
Collateral Network's (COLT) impressive utility places it above tokens like Conflux (CFX) and Shiba Inu (SHIB). Moreover, with its current presale price an absolute bargain $0.014, already up 40% from $0.01, you'd be missing out significantly on a potential 35x return on your investment according to analyst predictions.
Conflux runs a proof-of-work consensus mechanism that helps to provide enhanced security protection at the protocol level. Conflux (CFX) is currently priced at $0.38 in the crypto market. At the time of writing this article, Conflux (CFX) is presently trending bullish, with the 50-day moving average sloping up, meaning that the bullish trend is going strong.
However, short-term analysis for Conflux (CFX) shows that its highest possible price for June 2023 is $0.36. This prediction hints at low returns for Conflux (CFX) investors in the coming months.
Shibu Inu (SHIB) first gained popularity as an internet meme sensation based on an ancient Japanese hunting dog breed. Since then, it has gained popularity with crypto investors, even if its financial fortunes have tailed off of late.
The short-term fortunes of Shiba Inu (SHIB) remain mostly bearish, as the token is still light-years away from hitting the $1 mark. Shiba Inu's (SHIB) price, at the time of writing, is $0.00001113, but could reach $0.00001119 by the end of April according to CryptoNewsZ.
Shiba Inu (SHIB) technical indicators signal a neutral-bullish market sentiment, while a Fear & Greed Index score of 62 indicates greed. Given the fact that Shiba Inu (SHIB) is such a low-priced token, investors would be better served by purchasing Collateral Network (COLT), which guarantees massive returns in the short term.
Hence, it's possible, Collateral Network's (COLT) growth will surpass that of other cryptocurrencies like Shiba Inu (SHIB) and Conflux (CFX) in 2023.
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.
