As the Dollar breaks into new heights, Warren Buffet sells more than $13 billion in stocks- a signal he is preparing for a stock market crash. And the momentum within the crypto space has rapidly swung towards utility tokens instead of speculative assets.
In a high-rate recessionary environment, utility and consumer staple stocks outperform tech stocks, and in a bearish trend, utility tokens outperform memecoins. Investors must recognize market patterns and adapt accordingly, hence why analysts have predicted the Collateral Network (COLT) presale will overtake Shiba Inu (SHIB) and Dogecoin (DOGE) in 2023.
The Changing Landscape
Shiba Inu (SHIB) and Dogecoin (DOGE) have recently suffered two significant blows: the rapid proliferation of competition and the change in market sentiment. Shiba Inu and Dogecoin rely on attention as their currency, and engagement in the modern era front runs capital. Where attention goes, liquidity will inevitably follow.
Memecoin investors want the newest and shiniest token, and recently this has been $PEPE which sucked liquidity from altcoins across the ecosystem and rallied. However, in the past week, it has lost over a billion from its market cap, signaling the end of the memecoin season, spelling trouble for Shiba Inu and Dogecoin.
Shiba Inu (SHIB) and Dogecoin (DOGE) further struggle given two important events, the evidence of a large number of Bitcoin (BTC) whales taking profits and the Ethereum (ETH) Foundation selling which typically almost always marks a local top. However, profit will always be made regardless of market direction, and the presale of a utility-focused token like Collateral Network (COLT) provides an excellent opportunity to do so.
Collateral Network Pioneering DeFi and Real-World Asset Integration
Collateral Network has excited analysts and investors due to its application potential. The protocol unlocks liquidity for real-world assets and provides a platform where lenders can earn passive income on stable assets. Thus, analysts’ price forecast for $COLT, the native token, to 35X in the coming weeks.
Collateral Network provides real utility to the DeFi space. Its architecture – a hybrid
infrastructure model leveraging 100% asset-backed NFTs, opens the path for trillions of dollars to be onboarded into DeFi.
The platform introduces tangible off-chain assets as collateral to decentralized lending. The asset-backed lending industry- valued at roughly $5 trillion annually- allows users to create credit and drives economic growth. Collateral Network upgrades the sector, offering borderless loans, rapid turnaround, and global liquidity pools.
The $COLT token will have its liquidity locked for 33 years, team tokens are locked for two years, and the protocol’s smart contracts have already been audited. Early presale participants will gain special access to private auctions on the platform where distressed assets will be sold. With plans to launch on tier 1 centralized exchanges outlined in the roadmap, $COLT could easily 100X in the next several months.
For more information on Collateral Network visit the website, join the presale or join the community for regular updates.
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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.