As the crypto market is abuzz with many developments, choosing the perfect option can be overwhelming. While options like ApeCoin (APE) and Bitcoin (BTC) are commonplace, one newcomer, Collateral Network (COLT) is set to surpass both with massive 3500% growth.
Lets see if Collateral Network (COLT) is a profitable option.
ApeCoin (APE) Passes $1 Million Proposal For Ethereum Development
The ApeCoin (APE) community recently passed a proposal to donate $1m to aid the development of Ethereum. About 46% ApeCoin (APE) holders voted in favor of the proposal, while 30% were against it. The proposal was voted to serve multiple purposes, like supporting the Ethereum community, introducing developers to ApeCoin (APE), and intensifying development work around account abstraction.
Notably, the ApeCoin (APE) community will donate $300,000 to ETHGlobal, and $700,000 to fund 11 hackathons events and other initiatives. With this development, ApeCoin (APE) hopes for a revival of its price movement, which has fallen by 7% in the past week. Currently, ApeCoin (APE) is changing hands at $4.18. Besides, the ApeCoin (APE) community is voting on other proposals as well. A notable proposal includes establishing a news website called Bored Ape Gazette in the ApeCoin (APE) ecosystem.
Bitcoin’s (BTC) Mining Difficulty Increases
Bitcoin’s (BTC) value has increased more than 75% since the beginning of the year, and metrics suggest it could go further.
According to recent data, the mining difficulty of Bitcoin (BTC) is continuously increasing, implying that more miners are attracted to the largest cryptocurrency by market capitalization. Earlier, a report revealed that the Bitcoin (BTC) mining industry was picking up pace in Russia amid tight regulations in Europe and the US.
According to experts, the increased demand for Bitcoin (BTC) will push its prices upward in the coming weeks. However, the price of Bitcoin (BTC) has taken a 5% slump in the last week. But on the monthly chart, the price of Bitcoin (BTC) is still up by 3%. At present, Bitcoin (BTC) is available to trade at $28,824.40.
Collateral Network’s (COLT) Presale Gains Higher Price Potential
Collateral Network (COLT) is an innovative crowdlending platform that helps people unlock liquidy from their physical assets. The platform allows people to use their real-world assets as collateral to get crypto loans. Collateral Network accepts the collateralization of assets like gold, luxury watches, fine wine, vintage cars, and more.
The process begins when a borrower sends their item to the Collateral Network. The assets are stored in secure vaults after vetting them properly with the help of artificial intelligence. Once complete, the platform mints an NFT that is backed 1:1 by the physical asset and fractionalizes it into pieces. As a result, multiple lenders can purchase fractions of the NTF, contributing small amounts of money to fund the loan. In return, lenders receive a fixed interest rate.
The platform does not require people to submit any papers or disclose their credit history to take a loan. Moreover, people can get loans approved on the network within 24 hours. Furthermore, Collateral Network is not restricted by geography and can be accessed by people worldwide without any regulatory barriers.
Collateral Network’s COLT native token has been deployed on Ethereum. The project developers have planned to bridge COLT onto other blockchains to minimize gas fees and increase transaction speed.
During the ongoing stage two of the presale round, a COLT token can be purchased for $0.014. However, COLT tokens’ value is predicted to surge by a minimum of 3500% before the end of the presale phase.
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
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
