Shiba Inu (SHIB), VeChain (VET), And Collateral Network (COLT) Are Set To Explode in 2023
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Uncertainty is slowly creeping into the cryptocurrency scene after a solid start to the year. Recent pullbacks raise serious questions about whether the market has turned the page after last year’s steep selloff. Yet, despite the growing fears, Shiba Inu (SHIB), VeChain (VET) and Collateral Network (COLT), in its presale phase with a token price of $0.014, are some projects poised to explode in 2023.
Collateral Network (COLT): The Future Of Crowdlending
Collateral Network is a game-changing Web3 crowdlending project that seeks to enhance the ability to secure loans against physical assets on the blockchain connecting lenders and borrowers without countless intermediaries.
This is achieved using NFT and blockchain technology. When a borrower wants a loan and sends in an asset, the platform mints a NFT against the borrower’s physical asset and then fractionalizes it. The NFT is minted on a 1:1 ratio to the value of the physical asset. Collateral Network uses AI technology to determine the value of the assets used in minting the NFT and the loan interest rate.
Then, lenders buy NFT fractions to provide funds to the borrowers. In return, borrowers pay a fixed interest rate to the lenders for buying fractions. This methodology allows lenders to generate a diversified portfolio of fractionalized loans.
Market analysts have estimated that the price of the token could grow by as much as 3000% during the presale. With the current price of COLT only $0.014, this represents a bargain.
VeChain (VET) Powering Business Solutions
VeChain (VET) is one of the most critical projects poised to play a significant role in the business world. VeChain (VET) offers an enterprise supply chain product that allows businesses to trace products in the supply chain easily.
The VeChain (VET) solution aims to help businesses fight counterfeiting and mitigate fraud across the supply chain. Consequently, VeChain (VET) is attracting strong interest from some of the biggest enterprise-focused projects. Some of the companies leveraging the company’s solution include Walmart China. The trust-free distributed systems also enable a smooth flow of information.
The increased use of the VeChain (VET) network in the business ecosystem continues to fuel strong demand for the native token VET. The token is already up by more than 70% for the year and its solid performance comes from VeChain (VET), a blockchain aiming to enhance transparency and efficiency across supply chains.
VeChain (VET) is already proving to be one of the projects bringing real value to the mainstream sector. Its potential to transform the supply chain sector affirms the VET utility token's long-term prospects.
Shiba Inu (SHIB) Increasing Utility
Shiba Inu (SHIB) is slowly moving away from being a purely speculative asset. Volatility due to hype and pumping has subsided as Shiba Inu (SHIB) is up by 37% for the year after going down by 76% in 2022.
While often dubbed a meme coin, Shiba Inu (SHIB) slowly adds value and utility, affirming its long-term prospects. For instance, it has enhanced its appeal to investors by developing a non-fungible token project centered on its utility SHIB token.
The meme project is also implementing the Shibarium update, which is expected to strengthen Shiba Inu (SHIB) price prediction around decentralized finance. The update should make the Shiba Inu (SHIB) blockchain suited for processing transactions faster and at some of the lowest costs. The update is expected to increase the value of Shiba Inu (SHIB) and draw more people to the ecosystem.
Amid the uncertainty in the crypto sector, projects adding real value stand to explode in 2023. Shiba Inu (SHIB), with its plans to strengthen crypto transactions and VeChain (VET) plans to improve the supply chain, are anticipated to explode. While Collateral Network (COLT) is poised to surge by 35x over the next six months with its plans to enhance crowdlending.
Find out more about the Collateral Network presale here: