As the popularity of meme coins continues to rise, many investors are now asking if Dogecoin (DOGE) could potentially beat Shiba Inu (SHIB) for good. However, Collateral Network (COLT) is in the first stage of presale and is set to bypass both Dogecoin and Shiba Inu based on the success of its ongoing presale phase.
Many crypto investors are drawn to Collateral Network by its functional utility, and it’s expected to have over 35x returns in the next few months. Let’s find out why.
Does Dogecoin (DOGE) Stand a Chance Against Shiba Inu (SHIB)?
Dogecoin has always been the king of meme coins, but it faces fierce competition from its main rival Shiba Inu (SHIB).
However, Dogecoin still has a chance of beating Shiba Inu (SHIB), given the support it enjoys from its community and the occasional boost it gets from Elon Musk’s tweets.
In the last few weeks, Dogecoin has been enjoying a positive price action in the market. There is even speculation that Elon Musk could soon be adopting Dogecoin as a payment method for Twitter services. Dogecoin is currently worth $0.079, which is a 1.25% increase at the time of writing.
However, it is also worth noting that the price of Dogecoin has declined by over 38% in the last few weeks, which shows that the current rise is only temporary. This is why we believe Collateral Network (COLT) is set to beat both Dogecoin and Shiba Inu in the coming months.
Shiba Inu (SHIB) Shifting Focus to Become More Than Just a Meme Coin
Since its inception, Shiba Inu has been riding on its fame as the greatest rival to Dogecoin in the meme coin sector. After its launch, Shiba Inu was not taken seriously due to its lack of utility function, but things suddenly turned around for SHIB when the meme token craze took over.
In an attempt to differentiate itself from Dogecoin and other meme coins, Shiba Inu has been focusing on other more utility-based functions lately, including metaverse and gaming applications.
A good example of Shiba Inu’s diversification is the Shibarium blockchain project, which will finally make SHIB a more serious and valuable token. Shibarium is actually a Layer-2 solution that provides super-fast and low-cost transactions. Shiba Inu aims to become a major decentralized applications ecosystem for on-chain transactions.
The price of Shiba Inu has also been increasing since the beginning of the year. Many analysts believe that at its present growth, Shiba Inu will continue giving Dogecoin a run for its money.
Why Collateral Network (COLT) is Set to Bypass Both DOGE and SHIB
Collateral Network may be a new cryptocurrency project, but judging by its already 40 % growth and the utility it serves in the lending industry, the COLT token is definitely set to bypass both Dogecoin (DOGE) and Shiba INU (SHIB) in the near future.
Collateral Network is the world’s first Web3 peer-to-peer decentralized lending platform that allows users to unlock liquidity from their physical assets, using them as collateral for a loan. Collateral Network makes this possible by allowing users to mint NFTs that are backed 100% by their physical assets.
The physical-asset-backed NFTs are then fractionalized into smaller fragments to enable multiple lenders to lend money by buying as many fractions as they wish. In return, lenders receive a weekly passive income.
Collateral Network is definitely set to grow, given that the lending sector is expected to reach $6.9 trillion in the next five years. Collateral Network is in the first phase of its presale, currently available at $0.014, with a 40% deposit bonus for a limited time. Experts forecast that the token will increase by 3500% and reach $0.35 by the end of the presale. And, once it is listed in major exchanges, it will increase by 110x. Therefore, today is the best time to acquire your COLT tokens.
For more information on Collateral Network visit the website, join the presale or join the community for regular updates.
Find out more about the Collateral Network presale here: