The post Top Cryptocurrencies for 2023 – Chainlink (LINK), Shiba Inu (SHIB), and Collateral Network (COLT) appeared first on Coinpedia Fintech News
Bitcoin (BTC) made a dramatic rally and broke $30,000, and in the coming weeks, analysts expect Bitcoin (BTC) to continue climbing which means rocket fuel for altcoins. Analysts have pointed to Chainlink (LINK) and Shiba Inu (SHIB), citing solid potential, but listed Collateral Network (COLT) as the expected largest gainer in the coming weeks, set to surge by over 3500%.
Chainlink (LINK) Continues DeFi Integration
Chainlink (LINK) was founded in 2017, and this decentralized Oracle network feeds external data into smart contracts in DeFi. Chainlink (LINK) connects blockchains with the outside world, allowing smart contracts and dApps to access critical off-chain information.
Chainlink (LINK) has been integrated with Radiant (RDNT), the largest lending protocol in the Arbitrum (ARB) ecosystem, and Chainlink (LINK) services have been implemented to help secure its money markets.
Analysts remain long-term bullish on Chainlink (LINK) due to it being blockchain agnostic, and its services can be used by all major blockchains. Price predictions forecast Chainlink (LINK) trading between $14.33 and $16.72 in 2024.
Analysts highlighted the potential for Chainlink (LINK) and Shiba Inu (SHIB) to make an upwards rally within the next six weeks, but nothing compares to the 3,500% gains they forecast for Collateral Network (COLT).
Shiba Inu (SHIB) Enters The Metaverse?
Shiba Inu (SHIB) is a meme coin with notable popularity. Recently, Shiba Inu (SHIB) launched a layer two scaling solution called Shibarium and has recently been forraying into the metaverse.
Early reports from Shiba Inu (SHIB) developers working on a metaverse for Shiba Inu (SHIB) holders stated that it might be partially ready as early as December this year. The developers further commented that it would be released piecemeal and that development work would be ongoing.
Shiba Inu (SHIB) price predictions rest between $0.00001965 and $0.00002380, both a good way above Shiba Inu’s (SHIB) price, at the time of writing, of $0.00001130. However, price predictions for Shiba Inu (SHIB) remain challenging due to the unpredictable nature of its burn program.
Collateral Network (COLT) Accepts Real-World Assets in DeFi
Collateral Network (COLT) is the world’s first decentralized crowdlending protocol that uses real-world assets as collateral. Integrating real-world assets on-chain will be one of the largest growth catalysts in the coming decade. Collateral Network (COLT) unlocks liquidity for tangible off-chain assets such as fine art, vintage cars and luxury watches, and many more through the use of 100% asset-backed, fractionalized NFTs.
Collateral Network (COLT) fractionalizes these NFTs to allow multiple lenders to have a stake in them, funding the loan and earning a fixed rate of interest.
Collateral Network (COLT) presents the next evolution of asset-backed lending, and the native COLT token is the key element to the entire platform, making it no surprise that analysts remain overwhelmingly bullish. COLT grants holders staking, governance rights, discounts and much more.
Collateral Network (COLT) has been powering ahead. It continues to make impressive price gains despite still being in its presale, with analysts predicting a 35x for early COLT investors by the time the presale closes, and COLT having already risen by over 40%.
Find out more about the Collateral Network presale here:
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