Bitcoin Mining Hashrate Reaches New Highs, Collateral Network Set to Dethrone Apecoin; Here’s Why

The cryptocurrency market remains as volatile as ever. As we enter the summer trading session, the activity could become more unpredictable, and even established projects like Bitcoin (BTC) and Apecoin (APE) battle uncertainty. Recently, Bitcoin's mining hashrates have reached new highs, which could bear good news for BTC investors. 

At the same time, a new project is disrupting the crypto industry – Collateral Network (COLT). Read on to find out why investors are flocking to buy their first COLT and why it is set to dethrone Apecoin. 

>>BUY COLT TOKENS NOW<<

Collateral Network Revolutionizes Peer-to-Peer Lending

Collateral Network is an innovative crowdlending platform that allows individuals and businesses to unlock liquidity from physical assets. The platform combines breakthrough blockchain technology with NFTs to offer a dual experience. On the one hand, individuals and SMEs can now raise capital by using physical assets like collectibles, diamonds, vintage cars, or fine art, among other physical assets. 

The asset is pledged to Collateral Network, which will value it and store it in a secured vault. The platform then mints an NFT that represents the physical asset and fractionalizes it, allowing multiple lenders to fund the loan. The borrower obtains access to cash within 24 hours as there is no need for credit checks or other lengthy processes.

On the other hand, investors can fund fractionalized NFTs and receive fixed interest for their capital. This does not only allow financial freedom but also predictability, as lenders know exactly how much the return on their investment is. 

The Collateral Network presale has started at only $0.01 per COLT, the native token that fuels the entire lending and borrowing ecosystem. At press time, the token has already reached $0.014 and is expected to launch on major exchanges at a minimum of $0.35, which means a 3,500% price increase for early investors. 

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Apecoin Is About 17% Down This Month

At press time, Apecoin has shed about 17% of its value in the past month and is down nearly 50% in the past year. While Apecoin's launch was received with much enthusiasm by the NFT and crypto community, the subsequent performance has been lacking. 

Apecoin was created as a governance token, but investors' interest in this NFT project is faltering. The Apecoin company may be required to diversify its products and services to retain its relevance in this fast-moving market. 

Bitcoin Mining Hashrate Reaches ATH

The Bitcoin mining hashrate, which refers to the amount of computing power connected to the Bitcoin network, has recently reached a new all-time high. In other words, more and more machines are used on the Bitcoin network, which indicates that validators find it more profitable to mine on the Bitcoin network than before. 

When this happens, the Bitcoin mining difficulty is set to increase to balance it out. In the last two years, the Bitcoin mining difficulty doubled, indicating not only increasing profitability, but also a higher number of transactions, which could potentially lead to a higher Bitcoin price. 

>>BUY COLT TOKENS NOW<<

Summary

If you are looking for a secure way of generating passive income, lending money on the Collateral Network could be a highly lucrative opportunity, especially as Apecoin keeps losing ground when it comes to investors' interest. 

Thanks to its innovative model, COLT fuels the most innovative crowdlending platform in the world, allowing investors to earn a fixed interest rate on their loans while individuals and businesses can now unlock liquidity within 24 hours without the hurdles of the traditional banking system. 

Find out more about the Collateral Network presale here:

Website: https://www.collateralnetwork.io/

Presale: https://presale.collateralnetwork.io/register

Telegram: https://t.me/collateralnwk

Twitter: https://twitter.com/Collateralnwk