According to analysts, the price of Filecoin (FIL) has a possibility of reaching $11 in 2023. Shiba Inu’s (SHIB) price has leveled out, but it is Collateral Network (COLT) that is making news in the cryptocurrency world. Collateral Network is in the presale stage with the price forecasted to make 3500% gains.
How high can Filecoin (FIL) get?
Filecoin is an open-source peer-to-peer decentralized data storage network. As a decentralized storage network, Filecoin allows users to rent out their unused computer storage space to other users who in return pay for the space. The network uses its native token FIL to incentivize platform users.
Given the practical utility of Filecoin and the fact that data storage has become a critical aspect of life and work today, the demand and price of FIL tokens are expected to go up this year. Filecoin has a total token supply of 2 billion with 359.8 million FIL tokens already in circulation.
Another reason for the rapid growth of Filecoin is the network’s recent launch of the Filecoin Ethereum Virtual Machine (FEVM) which is expected to enhance the efficiency of the Filecoin ecosystem.
With increased activity on the FEVM, analysts believe the Filecoin network can still make significant gains in 2023. Experts predict the price of Filecoin (FIL) to reach $11 by the end of the year.
Will Shiba Inu coin reach $1?
At present, the price of Shiba Inu seems to have leveled out but analysts are optimistic of another bullish breakout in the near future.
Shiba Inu is a decentralized meme token inspired by the adorable Shiba Inu dog. Shiba Inu has also been experiencing a significant price surge as more investors jump in to capitalize on SHIB’s popularity.
There are two key factors that have been attracting investors to Shiba Inu. These are the growing popularity of meme-themed tokens and the fact that Shiba Inu is set to become a more widely adopted payment option.
Shiba Inu has indeed been quite successful in the market. However, there are over 589 trillion SHIB tokens in circulation which have made it almost impossible for the price of Shiba Inu (SHIB) to reach $1. This is why many Shiba Inu investors are now switching to utility tokens such as Collateral Network as a more viable investment opportunity.
Collateral Network (COLT) a pioneering web3 P2P lending platform
Collateral Network is a Web 3.0 P2P crowdlending platform where anyone including SMEs can unlock liquidity from their physical assets such as real estate, cars or precious metals. This is the only platform on the blockchain lending against real-world physical assets and is bringing the gap between Web1 and Web3.
The most unique aspect of Collateral Network is their use of NFTs, which are minted against physical assets, as collateral for loans. The NFTs are further fractionalized into smaller pieces to allow the owners to take loans from multiple lenders on the platform rather than trying to find one single lender.
Collateral Network makes borrowing and lending a simpler and faster process. Lenders benefit from weekly fixed-interest income earned from the loans they facilitate to borrowers. Borrowers gain access to global liquidity as lenders can be from anywhere in the world without going through boring credit checks or long winded application processes.
Collateral Network is currently in the presale phase, which is the best time to get involved in the project at entry level prices. According to crypto analysts, the price of Collateral Network (COLT) is expected to rise by 3500% in the coming months.
Website: https://www.collateralnetwork.io/
Presale: https://app.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
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