Bitcoin’s growth is driving the market again, as altcoin prices follow. Amid the market turbulence, Apecoin (APE) has surged, seeing gains of over 10%.
The recent Bitcoin rally has also sparked interest in upcoming projects like Collateral Network (COLT), which is currently in presale. Experts expect gains of 3,500% before the presale is over.
Bitcoin’s recent rally past $30,000 has caught the attention of the crypto community. The surge in price is attributed to growing concerns over the slowing economic growth and the possibility of the Fed stopping the interest rate hikes. This has led to renewed interest in Bitcoin as a safe-haven asset and a hedge against inflation.
The surge in Bitcoin’s price is also reflective of the overall bullish market sentiment in the crypto space. While Bitcoin has faced significant price volatility in the past, it remains the most widely recognized and traded crypto in the market. As the market continues to evolve, it’s important to keep an eye on Bitcoin and its potential impact on the overall crypto landscape.
Collateral Network is a Web3 peer-to-peer lending platform that enables users and SMEs to borrow capital against physical assets on the blockchain.
What makes Collateral Network unique is its ability to mint NFTs against physical assets, fractionalize them, and let the community fund the loans. Real estate, automobiles and fine art are all examples of usable physical assets that can be utilized as collateral. Collateral Network offers fair and transparent borrowing terms, stored on the blockchain, and provides a marketplace that connects borrowers with investors.
Collateral Network’s lending platform uses artificial intelligence (AI) to accurately value assets and generate algorithmic lending rates. As the NFTs are fractionalized, multiple lenders can fund the loans, and earn a fixed rate of interest.
COLT is Collateral Network’s native token, which offers several features such as discounts on borrowing fees and trading fees. The COLT token also gives exclusive access to online auctions of distressed assets, staking, and governance rights. Analysts are predicting a 3,500% price increase during the presale, having already surged by over 40% from its initial price of $0.01, making it a highly anticipated event in the crypto community.
ApeCoin is a utility token that was created by the creators of Bored Ape Yacht Club (BAYC). Its creators, Yuga Labs, are behind the biggest NFT project out there. With Bitcoin’s surge, Apecoin has also seen significant gains.
In the past week, Apecoin saw a 10% growth, thanks in part to positive market momentum. One advantage of Apecoin is that its ownership is concentrated compared to other content tokens.
However, Apecoin also has its critics. In particular, the Apecoin ecosystem appears to be more driven by hype rather than real-world economic activity. Still, Apecoin still has supporters that are willing to invest and contribute to the network.
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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