While the cryptocurrency market is still in a negative trend, a growing number of NFTs and crypto tokens are showing signs of recovery, giving hope to some investors. Uniswap (UNI) and Shiba Inu (SHIB) are among these crypto coins. However, crypto coins are not the same as the Collateral Network (COLT), which has thrilled many investors with a massive 35x projected value increase.

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Shiba Inu (SHIB) managed to recover despite the widespread bearish market

People often say that SHIB is a cryptocurrency based on jokes that want to be faster and bigger than Dogecoin. As of now, the token that works on the Shiba Inu blockchain is called SHIB. It is an ERC-20 token.

The Shiba Inu dog breed from Japan is the symbol for the SHIB coin, a meme-based cryptocurrency. Shiba Inu started getting more attention when the market went up in the spring of 2021, but it really took off after Elon Musk went on SNL.

In May 2021, the price of Shiba Inu rose to a new all-time high of $0.000003 and then rose to $0.00003 the following week, a rise of 3,300%. This growth tracked the bullish trend of the market. The Shiba Inu price then skyrocketed to a record high of $0.000088 in October 2021.

The year 2022 began with the price at $0.0003, but it dropped back to $0.00003 by January. Since then, the price has slowly decreased, and now it’s around $0.00001. As of writing, the Shiba Inu price is $0.000009563. At first, many crypto fans were skeptical about how well it would do, but the Shiba Inu coin has recovered despite the bearish market.

Uniswap (UNI) anticipated to grow by 50% in 2023

Uniswap is an AMM-powered, decentralized exchange that allows the trading of cryptocurrencies. Most decentralized protocols currently rely on AMM technology to run their operations.

In July 2022, Uniswap (UNI)’s price rose nearly 50%, signaling the downward trend may have finally ended. This is because, over previous months, whales have been amassing a record number of Uniswap tokens.

As of that moment, the additional 10.74 million Uniswap (UNI) tokens held in wallets with 10,000-1,000,000 tokens were worth around $74.6 million. Possible contributing factors include Uniswap’s announcement to incorporate NFT DEX into its ecosystem.

Analysts think that Uniswap will do well. It was thought that the average price of Uniswap (UNI) in 2023 would be $7.78, which was more than 50% higher than the price of the coin.

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Crowdlending Platform Collateral Network (COLT) Aims for a Great Return on Investment

Collateral Network (COLT) is an exceptional platform for people who use non-fungible tokens (NFT) to lend money to others. The platform is set up so users can get fractional loans backed by their physical assets as collateral from other participants who offer those loans.

These loans are easy because the borrower doesn’t have to put up any property as collateral. Instead, they can simply use NFT and blockchain technologies to take out loans against their physical assets. This is different from other financial institutions, such as banks. The Collateral Network team will make NFTs backed by the borrower’s physical assets.

Through its ecosystem, Collateral Network also offers several other benefits. The platform also serves as a meeting place for fractional loan lenders and borrowers. Users can also use the platform to bid on physical or digital assets and buy them at prices below market value.

Notably, the COLT token has seen price forecasts that place the token up 35x over the course of its presale – a highly impressive price increase that has seen the presale swarmed by unprecedented demand from investors.

Find out more about the Collateral Network presale here:

Website: https://www.collateralnetwork.io/

Telegram: https://t.me/collateralnwk

Twitter: https://twitter.com/Collateralnwk

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