Following the recent surge in Memecoin trading, Apecoin (APE), a cryptocurrency that supports the BAYC community, has crashed in price by over 12% due to a recent selloff. Meanwhile, Collateral Network (COLT) trading has increased dramatically, with experts predicting a 35x rise by 2024.
Apecoin (APE) Down 20% From April Highs
In the last thirty days, Apecoin decreased in value by 20.32%. At the time of writing, one Apecoin (APE) is selling at $3.3301. Recent price declines over the last seven days have caused Apecoin trading volume to decline further, as some investors look to recoup their losses with alternative projects.
The 24-hour price chart for Apecoin (APE). Source: CoinMarketCap
With NFT sales already 39% lower than in 2022, the general hype around BAYC and its ecosystem has declined. As interest fades, Apecoin is now required to diversify and offer additional utility to keep investors interested. Should it fail to do so, Apecoin could see further price declines in Q2.
Collateral Network (COLT): The Presale Offering 35x Returns
Collateral Network is the first DeFi crowdlending platform that helps individuals borrow against their real-world assets. With 50% of its latest presale stage already sold out, analysts speculate huge returns of 3500% in the next six months, making Collateral Network one of the most highly anticipated projects in the market.
Collateral Network is a game changer in the lending industry. The project lets users bring physical assets on-chain as NFTs and take out a loan against them. To maximize the number of investors who get involved, each NFT is fractionalized into smaller segments. Once purchased, an investor will generate a fixed rate of interest which is paid out weekly until the loan is fully repaid.
This process will not only streamline lending but will also prevent market monopolization, giving every lender the opportunity to build passive income options no matter their budget.
Collateral Network (COLT) is currently valued at $0.014, though given its revolutionary potential, market experts believe it will increase to $0.35 before its presale ends. Once its latest presale round sells out, the value of COLT tokens is expected to hit $0.0168, marking a total ROI of 68% since the presale started.
Conclusion
As Apecoin holders begin to question the long-term potential of the project, the number of investors buying Collateral Network has increased exponentially. As the latest presale stage is expected to sell out soon, investors are now doubling down to take full advantage of future returns that could surpass 3500%.
For more information on Collateral Network visit the website, join the presale or join the community for regular updates.
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
