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The world of cryptocurrency is constantly changing and evolving, with new developments and market trends emerging every day. Recently, ApeCoin (APE) hit the lowest point of the last month in 2022, causing concern among its investors and community. Similarly, Bitcoin (BTC) also showing a surge in value so far for 2023.
However, amidst these challenges, Collateral Network (COLT) has emerged as a beacon of hope and is set to outshine its competitors with 3500% returns during its ongoing presale.
ApeCoin (APE) value increases after an initial surge in token purchases
The ApeCoin (APE) community was quite enthusiastic about the recent development of their staking rewards. Both the ApeCoin (APE) token and NFTs that were tied to it, saw a major surge in purchases that led to temporary price highs. The buzz surrounding ApeCoin (APE), however, quickly died down after the announcement.
One of the possible reasons for the decline could be the decreasing incentives received from ApeCoin (APE) staking pools, which may be contributing to the dwindling interest in the token. However, the price chart for ApeCoin (APE) shows that it has been steadily rising.
The value of ApeCoin (APE) has increased from $3.6378 at the beginning of 2023 to $6.2037, a rise of over 58.64%. The current trade volume of the ApeCoin (APE) token sits at $194,592,448 USD. This shows that momentum for ApeCoin (APE) has been slowly rising, portending significant highs for the token in the future.
Bitcoin (BTC) fails to deliver rally and trades mostly in the red zone in Q4 for 2022, trading in green for 2023
Bitcoin (BTC), the world’s most well-known and widely used cryptocurrency, had a disappointing end to 2022. Many investors were hoping for a Santa rally for Christmas 2022, but Bitcoin (BTC) failed to deliver.
Throughout the week leading up to Christmas, Bitcoin (BTC) stubbornly refused to offer any form of volatility, with an absence of a macro trigger reinforcing its lackluster performance.
Despite high volatility in the market, Bitcoin (BTC) prices saw mostly negative movement throughout the last month of 2022, trading in the red zone. It traded between $16.700 and $16,900, with the lowest price reaching $15,647.34.
This lack of movement and trend toward the negative was concerning for Bitcoin (BTC) investors, who may be hoping for a stronger performance in the future, which took place at the beginning of 2023 where the price has increased since.
The current price is $23,822.26 for Bitcoin (BTC) and looks to only show appreciation from here, shining a positive light on the coin’s future for the year as it continues.
Analysts predict 35x price increase for Collateral Network (COLT) tokens in the next six months
Collateral Network (COLT) is a platform that is revolutionizing the way people borrow and lend money by offering a crowdlending solution for non-fungible tokens (NFTs). Unlike ApeCoin (APE) and Bitcoin (BTC), Collateral Network (COLT) allows borrowers to access cash from their physical assets on the blockchain without the need to sell them or go through multiple steps and requirements.
This is achieved by minting NFTs against physical assets and fractionalizing them, allowing the community to fund loans at a fixed rate of interest. Borrowers can easily access cash within 24 hours, enjoy privacy and access competitive rates with flexible terms.
Collateral Network (COLT) is also transparent, with all contractual information stored in the metadata of the NFT, which is published on the public blockchain. Collateral Network (COLT) has a number of measures in place to ensure security and stability, including a smart contract that has been successfully audited.
Moreover, the team tokens are locked for three years, and the liquidity pool for 33 years. The starting price for Collateral Network (COLT) tokens is $0.01, and analysts are predicting a significant price increase of 35x within the next six months. Only 50% of the total supply of Collateral Network (COLT) tokens, which is 1.4 billion, will be available for presale. Thus, Collateral Network (COLT) offers a convenient and cost-effective option for borrowing against physical assets using blockchain and NFT technology.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
*This article was paid for. Cryptonomist did not write the article or test the platform.
Source: https://en.cryptonomist.ch/2023/02/27/collateral-network-beacon-hope-bear-time/