Shiba Inu (SHIB) Price Prediction Forecasts More Bullish Momentum For Collateral Network

Despite not being classed as a security, Shiba Inu (SHIB) has faced a significant price decline since the SEC's announcement last week. While the news doesn't directly cover Shiba Inu, further regulation of centralized exchanges could cause its trading volume to drop.

Following its recent price crash, many investors are now looking to sell their Shiba Inu holdings as price predictions turn bearish. This is bullish news for Collateral Network (COLT), which has increased in price despite the current turbulence of the market. 

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Collateral Network Presale Surges In Popularity After New ATH

Collateral Network's momentum is building fast, with a second price increase in June taking the project to a new all-time high of $0.0201. Collateral Network is a market disruptor designed to revolutionize peer-to-peer lending. 

The Collateral Network team has highlighted a number of issues with the current market, including unnecessary red tape, limited lending options, and monopolization by global corporations. Collateral Network gives power back to investors by letting ind

Using Collateral Network an individual can take a loan against their physical assets such as fine art, sports cars, and yachts. These assets are minted as NFTs which are then fractionalized and sold to investors who lend funds for a fixed interest rate. As a result, lenders can take the role of a bank and generate a fixed passive income in return.

At the time of writing, Collateral Network was trading at $0.0201. Given its huge potential to disrupt one of the world's fastest growing markets, experts predict that Collateral Network will rise to $0.35 by the end of its presale, offering a 35x return to investors who got involved early. 

Confidence In Shiba Inu Crashes After 2 Year Low

Shiba Inu is struggling to recover from its recent price crash, decreasing an additional 1.16% in the last five days. Since the SEC lawsuit announcement, Shiba Inu fell to its lowest price since 2021. After sinking to $0.00000543 the project slowly bounced back to $0.00000675, though it is still down by 23.03% in the past month.

While its value continues to decline, the Shiba Inu lead, Shytoshi Kusama, has hinted at further Shibarium progress. Investors believe that the layer 2 scalability platform will be released in July or August, though, after several delays, enthusiasm around the project is beginning to decline. 

As part of its efforts to help increase the value of Shiba Inu tokens, the community continues to burn tokens at record rates, though as of June 2023, this is having little effect on the project. As a result, predictions are turning bullish as confidence continues to decline. This is good news for projects like Collateral Network, as more investors will be looking to diversify their portfolios to increase their 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