Why is Collateral Network (COLT) better than Shiba Inu (SHIB) and World Cup Inu (WCI) for investing in 2023?
The fact that there is no underlying value behind meme tokens like Shiba Inu (SHIB) and World Cup Inu (WCI) has proven to be their biggest undoing in 2022. These tokens have not only lost big on price but are also struggling to attract investors, who are quickly moving to assets that have some real-world value or use case, like Collateral Network (COLT).
As a new token, Collateral Network (COLT) has piqued users’ interest as it allows them to become their banks with the help of blockchain technology, offering 35x returns to early investors. This article looks at why Collateral Network (COLT) is a better investment option than Shiba Inu (SHIB) or World Cup Inu (WCI) for 2023.
No better days ahead for Shiba Inu (SHIB) holders
Shiba Inu (SHIB) has failed to live up to the hype surrounding it in the bull run of 2021. For most of the time in 2022, Shiba Inu (SHIB) traded in the red. Shiba Inu (SHIB) was trading around $0.0000080, down over 90% from the all-time high (ATH) of $0.000086 on October 28, 2021.
With total circulation running into trillions, it was expected that Shiba Inu (SHIB) might see a price jump if sufficient numbers of the tokens were burnt. However, there is no hope for Shiba Inu (SHIB) to reach anywhere near $1 at the current burn rate.
In December 2022, only 530 million Shiba Inu (SHIB) tokens were burnt. According to an estimate, it may take over 83,000 years for Shiba Inu (SHIB) to reach a price of $1 at the current burn rate. At best, it may be worth $0.0001 in the next decade.
World Cup Inu (WCI) loses steam
World Cup Inu (WCI) is a new cryptocurrency that tried to ride on the FIFA World Cup wave. The team behind World Cup Inu (WCI) also roped in famous Brazilian footballer Ronaldinho for promotion. However, the World Cup Inu (WCI) token has seen a big fall after early success. The token has several controversies, like the one over swap tax, and is seen by many as a pump and dump scheme. As per the official Twitter account of World Cup Inu (WCI), the platform levies a 5% tax on buys and sells.
According to CoinMarketCap data at the time of writing, World Cup Inu (WCI) was trading near $0.0021, down 94% from the ATH of $0.033 on October 17, 2022. World Cup Inu (WCI) token price dropped 16% in the last two weeks of December.
Collateral Network (COLT) offers a chance to recover losses from other tokens
For investors who have burnt money in tokens like Shiba Inu (SHIB) and World Cup Inu (WCI) in 2022, Collateral Network (COLT) has appeared as a fresh opportunity to recover losses. Collateral Network (COLT) is the world’s first blockchain-based platform where users can quickly raise funds against their real-world physical assets.
Collateral Network (COLT) enables lending and borrowing against real assets through fractionalized non-fungible tokens (NFTs). Users can cover their physical assets into fractional NFTs and offer them to prospective lenders on Collateral Network’s (COLT) marketplace. As the price of these fractional NFTs of Collateral Network (COLT) is less, it becomes easy for anyone to become a lender on the platform, enabling them to raise cash against their physical assets within 24 hours.
Collateral Network is powered by COLT tokens, which will be available in the presale at a starting price of $0.01. Given the unique use case of Collateral Network (COLT), analysts expect this token to surge by 35x within the next six months.
Find out more about the Collateral Network presale here:-