Potential "Meme Pump" for Dogecoin (DOGE) Price could boost it by over 4%, but analysts prefer the long-term gains potential of Collateral Network (COLT)

April 27, 2023
3 min read

Dogecoin (DOGE) is still in an uptrend after Elon Musk updated his Twitter logo to the Dogecoin (DOGE) logo and DOGE could rise over 20% if the Starship launch succeeds today on April 20th. Analysts are eyeing the Collateral Network (COLT) as a long-term hedge, as it offers a unique market approach and massive potential. The Collateral Network (COLT) price is already up by 40% after entering stage 2 of its presale


Dogecoin (DOGE) investors had been preparing for April 20th

Dogecoin (DOGE) has benefited in the past from positive tweets by Elon Musk and with the recent update of Twitter's logo to the DOGE meme, the Dogecoin (DOGE) price has been on an uptrend since March. 

While many factors played a role in the rally, the next hike for the Dogecoin (DOGE) price is estimated for today, the 20th April. On the so-called 420 event or "Doge Day," the launch of the first fully reusable and most powerful space rocket in history, Musk's SpaceX Starship, will carry both people and cargo to the Moon and Mars. The Dogecoin (DOGE) community has been very excited and looking forward to the hype after the event, as buyer momentum is expected to rise. 

With this buying pressure coming, the price of Dogecoin (DOGE) is set to break through the $0.10 resistance level, which would equal a price increase of about 25%. 

On-chain metrics support the bullish picture for Dogecoin (DOGE), with on-chain data from Santiment showing increasing interest in Dogecoin (DOGE) over the last three months, indicating immersive growth in the ecosystem. If, however, the $0.08 support level breaks, this would very likely send DOGE down to YTD lows around $0.07.

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Collateral Network (COLT) offers massive potential in presale

Collateral Network (COLT) is a peer-to-peer lending platform where users can borrow funds against real-life assets. Built on Ethereum, Collateral Network (COLT) is the first project using NFTs to secure and automate the process by enabling borrowers to obtain loans against physical assets like real estate, fine art, cars, precious metals, watches, and jewelry. 

Furthermore, Collateral Network (COLT) fractionalizes the NFTs which allows loans to be funded by multiple lenders in the COLT community. Therefore, borrowers can easily raise funds without in-depth credit checks via traditional institutions whereas lenders can gain passive income from their low-risk investment. 

By equalizing geographical access, Collateral Network (COLT) created a marketplace that is attractive and easy to use. Accounts are decentralized, which keeps lenders in complete control.

Staking is offered as well for the COLT token as well to provide an additional possibility for passive income. Collateral Network (COLT) will bridge onto multiple blockchains to improve TPS and reduce fees and enable investors to provide loans across various ecosystems. 

The nature of the blockchain ensures security and transparency on the network as all information is stored in metadata. Collateral Network (COLT) is now in presale and has already increased by 40% from the initial price of $0.01.


How to Buy COLT

COLT tokens are available for purchase in the presale portal on the official website. Simply use the link below. BTC, ETH, BNB, USDT, SOL, SAND, MANA, DOGE or SHIB are possible for payment and will be converted automatically into COLT.


Multiple market forecasts predict Dogecoin (DOGE) to soar higher after the 420 event, and with a potential super cycle on the way, Dogecoin (DOGE) is likely to see huge gains over the coming years. 

On the other hand, Collateral Network (COLT) offers investors totally new opportunities and aims to reinvent the peer-to-peer lending industry. Analysts predict gains by 3500% for the presale period and 100x when it lists on major exchanges. 

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

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This Brand Press article was not written by Techpoint Africa’s editorial team. To promote your brand via Brand Press, please email [email protected].

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