Shiba Inu (SHIB) Unleashes Shibarium Protocol, Collateral Network (COLT) Pumps During Presale, While Binance (BNB) Removes BUSD Trading
This month, the crypto world was filled with a mix of bullish and bearish action. On the bullish side, Shiba Inu (SHIB) unleashed its Shibarium Protocol, and Collateral Network (COLT) is primed to pump during its presale. On the bearish side, Binance (BNB) removed BUSD trading from its platform due to regulatory issues.
Collateral Network (COLT) in particular has been tipped to 35x for its holders during the presale.
Let’s see if it can 100x! when it lists on major exchanges.
Collateral Network (COLT)
Collateral Network (COLT) is a peer-to-peer lending platform that aims to streamline the loan process and remove the obstacles typically associated with traditional borrowing. With Collateral Network (COLT), borrowers can unlock funds by using their real-world physical assets collateral on the platform.
Once all the relevant checks have been undertaken on the asset, Collateral Network mints an NFT that represents the physical version of the asset. The NFT is fractionalized into smaller units, allowing multiple lenders to fund a portion of the loan.
By providing a way for anybody in the world to help fund loans and become their own bank, borrowers now have access to institutional level liquidity. Moreover, Collateral Network (COLT) leverages smart contracts to facilitate faster and more cost-effective access to credit, providing users with immediate funds without waiting for manual reviews of loan applications.
Collateral Network (COLT)’s native token, COLT, offers holders a range of benefits, including governance rights, staking rewards, discounted trading fees, and improved interest rates. Collateral Network (COLT) is currently in its presale phase at a price of $0.01, presenting a potentially lucrative opportunity for early investors who like to get in on the ground floor of this innovative project.
Shiba Inu (SHIB)
Shiba Inu (SHIB) is a lighthearted, meme-driven digital currency that emerged in August 2020, drawing inspiration from the widely recognized Dogecoin (DOGE). The Shiba Inu (SHIB) symbol showcases the Shiba Inu dog breed, a charming Japanese canine that has garnered internet fame in recent times.
Initially, Shiba Inu (SHIB) offered little in terms of real-world functionality, primarily acting as a vehicle for speculative investments. However, Shiba Inu (SHIB)’s dedicated team has been working to evolve Shiba Inu (SHIB) into a versatile blockchain ecosystem.
A pivotal achievement for Shiba Inu (SHIB) is the development of Shibarium, a layer-2 scaling solution aimed at reducing transaction costs and accelerating transaction times throughout the Shiba Inu (SHIB) ecosystem.
The market responded enthusiastically to the introduction of Shibarium, with Shiba Inu (SHIB)’s value skyrocketing nearly 100% within a single month. Currently, Shiba Inu (SHIB) is trading at $0.000010, and its market capitalization surpasses $6 billion.
Binance (BNB)
Established in 2017 by Changpeng Zhao, Binance (BNB) has rapidly ascended to the top ranks of cryptocurrency exchanges worldwide. With a diverse range of services, including spot trading, futures contracts, margin trading, and more, Binance (BNB) attracts millions of users and facilitates billions in daily transactions.
Binance (BNB) also features its native token, BNB, which grants users fee discounts and powers Binance (BNB)’s decentralized applications, such as Binance (BNB) Launchpad and Binance (BNB) NFT Marketplace.
Recently, however, Binance (BNB) temporarily halted trading of its US dollar-pegged stablecoin, BUSD, due to an ongoing investigation by the SEC. Although the SEC has not divulged further details, the inquiry likely pertains to potential compliance issues with securities regulations involving the BUSD token.
The outcome of this situation remains uncertain, and the temporary suspension of BUSD trading has triggered uncertainty around Binance (BNB)’s future in the USA.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Presale: https://app.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
