Since its presale was announced, Collateral Network (COLT) has made its way to every cryptocurrency investor’s table with its impressive performance so far, specifically with a 40% price surge already. Shiba Inu (SHIB) and Dai (DAI) holders are among the most passionate COLT enthusiasts, mopping up more COLT tokens to increase their investment portfolios. Let’s look at Collateral Network (COLT) and see why Dai (DAI) and Shiba Inu (SHIB) holders are after the token.
Dai (DAI) Fails to Catch Up
Dai (DAI) is an Ethereum-based stable-price cryptocurrency known as a stablecoin. The MakerDAO decentralized autonomous organization manages the project.
DAI is the Dai (DAI) project’s native cryptocurrency and has a live price of $0.9993 and recorded over $135m trading volume within 24 hours. At the current price, the token depreciated by 0.18% within the time under consideration.
Dai (DAI) has a current CoinMarketCap of over $5 billion and a circulating supply of over 5 billion Dai (DAI) coins, although the maximum supply isn’t available. The Dai (DAI) coin hasn’t been impressive. It lost 0.08% of its value over 24 hours at its current price, while it has depreciated by a little below 73% since November 16th 2021.
Bybit, Bitget, OKX, CoinW and Bitrue are some cryptocurrency exchanges where Dai (DAI) is listed for sale.
Shiba Inu (SHIB) Falls Again
The uniqueness of Shiba Inu (SHIB) can be traced to its origin. The ‘Dogecoin killer’ was inspired by a dog whose influence turned millions of people into crypto investors. It gained immense popularity in the cryptocurrency industry thanks to fantastic support from Vitalik Buterin and Elon Musk.
Over $256m worth of the Shiba Inu (SHIB) tokens have been sold over the last 24 hours, at the time of writing, at a live price of $0.0000111 per coin. The Shiba Inu (SHIB) price represents a 0.58% appreciation during the timeframe. The live market cap is over $6.5 billion, while the Shiba Inu (SHIB) circulating supply is about 589 trillion.
Prospective investors in Shiba Inu (SHIB) can check notable crypto exchanges, such as Bybit, Binance, Bitrue, Deepcoin, OKX and several other credible exchanges. However, Shiba Inu (SHIB) has depreciated by 0.81% over 24 hours, at the time of writing, and 87.32% in total since October 28th 2021.
Collateral Network (COLT) Makes More Presale Gains
While most crypto projects are going through a tough time, Collateral Network (COLT) is flying high and attracting more investors from the industry, notably Shiba Inu (SHIB) and Dai (DAI) holders.
Collateral Network (COLT) was created as a crowdlending platform for COLT holders to take short-term loans using their physical assets as collateral.
The Collateral Network (COLT) team explained that the lending platform will offer users access to loans by minting non-fungible tokens (NFTs) that are backed by the borrower’s physical assets noting that the “NFTs are physically backed by assets 1-to-1 and fractionalized, allowing borrowers to unlock liquidity through crowd-lending.”
The Collateral Network (COLT) lender community will invest in these NFTs to raise funds for borrowers, making them fractional lenders in exchange for a weekly fixed interest rate.
To take advantage of this opportunity, you can invest in the Collateral Network (COLT) project by purchasing some of the over 1.4 billion available tokens during the ongoing presale. COLT holders have some benefits, including governance rights, passive income opportunities through token staking and discounts on trading and borrowing fees.
The Collateral Network (COLT) token is also forecasted to see a 3500% price increase by the conclusion of its presale phase, and for a token price currently of just $0.014 in stage 1, the project is creating a lot of excitement amongst potential investors.
Find out more about the Collateral Network presale here:
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.
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