Top cryptocurrencies, Dogecoin (DOGE) and Shiba Inu (SHIB), have seen their worth dwindle as the exchange’s current conditions and future course remain unclear. Nevertheless, financiers’ excitement knows no bounds, as stage 1 of Collateral Network’s (COLT) presale rakes in more profits.
Collateral Network Stage 1 Presale Earns Investors More Profits
The crypto landscape hasn’t witnessed a particularly intriguing presale in a while. However, what Collateral Network has offered so far to the public has been nothing short of phenomenal. Collateral Network opened up with an ICO of $0.01; however, the coin’s worth has already spiked to $0.014, with over $77 million in investments raised.
Collateral Network delivers a fascinating variety, distinct from major initiatives like Shiba Inu and Dogecoin. The system is the first to incorporate existing assets, setting a new benchmark in web3 lending. COLT does this by leveraging 100% asset-backed NFTs to offer new liquidity alternatives for consumers globally.
The asset-backed lending sector, infamously constrained by red tape, receives much-needed upgrades from Collateral Network (COLT) while granting permissionless access to its services. Acting as a multi-faceted setting, it serves as a gateway for millions to be onboarded into DeFi while enabling borrowers to unlock liquidity and lenders to enjoy excellent remuneration on secure holdings.
The applicability and use case of the initiative has experts firmly anticipating a 3,500% spike in the coming weeks. Unsurprisingly, the protocol has emerged as one of the finest crypto ventures available to financiers today.
Coincidence? Dogecoin Whale Transfers $930,000 Tokens As Musk Names New Twitter Boss
Despite the recent flurry of activity on the Dogecoin blockchain, one transaction that saw an unidentified whale moving almost 13,000,000 tokens recently attracted significant curiosity.
A DOGE whale moved 13,000,000 coins, worth about $927,000 at the time of the transfer, from numerous wallets to a newly created one, in a series of transactions involving 3.63 DOGE in expenditures.The transactions’ timing, however, was significant as it coincided with Elon Musk’s naming of Linda Yaccarino as Twitter’s new CEO.
Several reactions have trailed this action, with many speculating about the parties involved and their motives. Others even question whether the action heralds the arrival of something more significant.
While the reason behind the activity is unclear, financiers should be thrilled, given the increased activity on the platform. At the time of writing, DOGE sells for $0.072089, with an exchange cap of $10,044,788,277.
Shiba Inu Expands Utility
Hailed as a spectacular development, UQUID has disclosed that Shiba Inu can now be used for digital shopping, mobile top-ups, and in the future, the SHIB metaverse. Tweeting the exciting info, the DeFi-based service provider UQUID urged consumers to embrace this outlook by utilizing SHIB and its AlphaTopup service.
Alpha Mobile Topup offers various services, including mobile top-ups, data packages, digital goods, and utility bill payments. Over 150 million clients are served globally by the company’s associate network, which comprises more than 1,200 mobile carriers from 160 distinct nations.
The general adoption of meme coins is one step closer to this development, and SHIB is setting the standard for increasing their practical utility. SHIB’s worth is currently $0.000009, with a depreciation of 0.53% from the day prior. Its current exchange capitalization is $5,163,037,547.
For more information on Collateral Network visit the website, join the presale or join the community for regular updates.
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