Investors looking for better investment options in 2023 should consider Collateral Network (COLT) instead of meme tokens like Shiba Inu (SHIB) or World Cup Inu (WCI). Shiba Inu (SHIB) has failed to live up to the hype surrounding it in 2022, with its price dropping over 90% from its all-time high. World Cup Inu (WCI) has also lost steam due to several controversies, like the one over swap tax, and is seen by many as a pump and dump scheme.
In contrast, Collateral Network (COLT) has piqued users’ interest as it allows them to become their banks with the help of blockchain technology. It offers a unique use case where users can quickly raise funds against their real-world physical assets. The platform enables lending and borrowing against real assets through fractionalized non-fungible tokens (NFTs). Users can cover their physical assets into fractional NFTs and offer them to prospective lenders on Collateral Network’s (COLT) marketplace. Analysts expect this token to surge by 35x within the next six months.
No Better Days Ahead for Shiba Inu (SHIB) Holders
Shiba Inu (SHIB) has not only lost big on price but is also struggling to attract investors, who are quickly moving to assets that have some real-world value or use case. For most of the time in 2022, Shiba Inu (SHIB) traded in the red, with its price dropping over 90% from its all-time high. Despite hopes that sufficient numbers of tokens burnt might see a price jump, only 530 million Shiba Inu (SHIB) tokens were burnt in December 2022. According to an estimate, it may take over 83,000 years for Shiba Inu (SHIB) to reach a price of $1 at the current burn rate.
World Cup Inu (WCI) Loses Steam
World Cup Inu (WCI) is a new cryptocurrency that tried to ride on the FIFA World Cup wave, but it has seen a big fall after early success. The token has several controversies, like the one over swap tax, and is seen by many as a pump and dump scheme. World Cup Inu (WCI) was trading near $0.0021, down 94% from the ATH of $0.033 on October 17, 2022. The platform levies a 5% tax on buys and sells.