While predictions about the Apecoin (APE) price are capturing market interest, Collateral Network (COLT) is stealing the spotlight.
In its ongoing presale Collateral Network has already risen from $0.01 to $0.0201. Meanwhile, the popularity of Shiba Inu (SHIB) seems to have taken a backseat, with investors seemingly more excited by COLT’s dynamic rise.
Apecoin price prediction
ApeCoin serves as the APE ecosystem’s core token, enabling transactions associated with a range of services, including gaming, merchandise, and events. Holding ApeCoin is a must for anyone interested in the project.
Looking at the ApeCoin charts, we can see that the price of ApeCoin (APE) has been moving within a Descending Triangle pattern for more than a year. With a current price of $2.78 that is falling rapidly, the $2.40 zone looks to be the next area of support for ApeCoin.
The long-term price of ApeCoin depends on the success of its ecosystem. If Yuga Labs can continue to bring in new users and partners, the token could breach the 100-day EMA at around $4.30 and trend higher.
However, some analysts are concerned that the Bored Ape Yacht Club NFTs have already gone through their lifecycle and that ApeCoin is running out of catalysts.
Collateral Network set to transcend traditional lending
Collateral Network has already reached $0.0201 during its presale, with analysts expecting a further gain of 3500% this year. Collateral Network is a platform that provides a way to monetize your valuable assets without having to sell them. If you own something of value such as art or real estate you can use this item as a guarantee for obtaining liquidity.
To facilitate this, Collateral Network converts your physical asset into a digital form known as an NFT. This token is then divided into multiple portions and made available for purchase by lenders on the Collateral Network platform.
Collateral Network’s loan fractionalization allows anyone, even those with just $10, to participate in the lending industry. In return for their investment, lenders on Collateral Network receive a regular income for the duration of the loan.
The price of COLT is rapidly climbing with each stage of the Collateral Network presale. Analysts are now predicting that Collateral Network (COLT) will capture market share in the trillion-dollar lending industry and hit $1.00 when it launches on tier-1 exchanges in 2023.
Shiba Inu price prediction
Shiba Inu made a huge mark on the crypto market when it rocketed by over 10,000% during the 2021 bull market. Never before has a coin risen so quickly, so unexpectedly.
Although Shiba Inu is still trading at a much higher price than it was when the trend first began, its gains have been slowing down in recent months. The current Shiba Inu (SHIB) price of $0.000007984 represents a 90% fall since the Shiba Inu peak of $0.00008845.
A bullish start to 2023 saw Shiba Inu shoot up 100% as a meme frenzy swept the markets, only for the price to fall 50% back to its current levels. Analysts are now predicting that the Shiba Inu price will trade between $0.000005000 and $0.00001000 until the whole crypto market enters a new FOMO-induced bull market.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Presale: https://presale.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
