The crypto market is on the rise amid economic uncertainty as investors seek shelter from inflation and decreasing buying power. If you want to generate high returns, some of the projects on the market may be suitable for your objectives. Read on to find out more about three of the most promising cryptocurrencies right now.: Shiba Inu (SHIB), Dogecoin (DOGE) and Collateral Network (COLT).
Shiba Inu (SHIB) Price Prediction
Shiba Inu (SHIB) has been on the rise lately thanks to crypto whales’ activity that bought approximately $40 million worth of SHIB.
In addition to this, SHIB’s team has also announced the upgraded version of ShibaSwap and a crypto portal – which comes with high functionality for SHIB’s holders, providing them with charts, trends, statistics, and other information for Shiba Inu’s community.
In April, Shiba Inu’s price is expected to continue to trade upward as long as long-term holders remain dominant, perhaps reaching at least $0.00000113 per token and as high as $0.00009 by 2025.
Dogecoin (DOGE) Rallies 35%
Dogecoin (DOGE) spikes as Elon Musk changes Twitter’s logo to the famous Shiba Inu dog instead of the popular blue bird. Right after the change, DOGE increased its market cap by as much as $4 billion.
Only time can tell whether DOGE’s price will remain elevated in the long term, but Dogecoin may continue its short-term rally if Elon Musk manages to end his Dogecoin lawsuit, in which he was accused of running a pyramid scheme to bump DOGE’s price over the years.
More specifically, Elon Musk’s tweets and jokes allegedly led to a 36,000% increase in DOGE’s price over 2 years, before it crashed. Nonetheless, the defendant’s lawyers claim that tweeting and posting about a cryptocurrency is nothing unlawful, which is why the case should be dismissed.
Collateral Network (COLT) to Hit 3,500% Gains
While DOGE’s price is highly speculative as many claim it lacks intrinsic value, Collateral Network (COLT) is situated at the opposite side of the spectrum. This new crypto project has taken the market by storm thanks to its multiple real-world use cases and opportunities to generate passive income.
Collateral Network is a crowdlending platform that uses COLT, the native token, to facilitate transactions between lenders and borrowers. Essentially, the platform allows you to use rare but illiquid goods as collateral for a loan. Examples include collectibles, jewelry, luxury accessories and even bottles of fine wine or liquor.
The platform mints NFTs backed by these physical assets; lenders also have multiple opportunities to generate income. For instance, as a lender on the platform, you will receive a fixed interest rate for the entire term of the loan. Also, you can trade your loan portfolio on the platform’s secondary market and you can earn financial rewards by staking your COLT tokens.
Collateral Network (COLT) has strong potential thanks to these features that attract both investors and everyday individuals in need of money. COLT tokens are currently in the presale stage for as little as $0.01. However, before it hits the exchanges, COLT is expected to reach as high as $0.35, which means a 3,500% possible return for early investors.
Shiba Inu (SHIB) is back on track with several expected updates, while DOGE’s price is propelled once again by Elon Musk’s tweets. Collateral Network (COLT) is a revolutionary crypto project making waves in the lending industry and is expected to increase as much as 3,500%.
Find out more about the Collateral Network presale here:
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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.