Apecoin (APE) has suffered a significant loss in the past two weeks, decreasing in price by 37%. This has triggered an influx of sell orders, with many investors asking when the price decrease will come to an end.
Meanwhile, Solana (SOL) has started to gain momentum after a steep price crash took its value to $13.99. The momentum has been supported by a statement by the Solana CEO, who stated that $1 billion will be reinvested into the Solana ecosystem to support the project.
While the project is expected to continue growing, Collateral Network (COLT) could outperform it following several significant price increases.
Apecoin Faces A 37% Price Crash
Apecoin is the utility token for the Bored Ape Yacht Club (BAYC) DAO and was widely considered one of the highest potential tokens upon release.
However, after the 2021 bull market, Apecoins value has continuously declined, with its recent crash taking Apecoin to $1.97. This 37.05% decline has been a devastating blow to the Apecoin community and now some experts believe that Apecoin could soon drop below $2 for a second time.
That being said, Apecoin is slowly making a recovery. In the past five days, Apecoin has increased in value by 5.90% and is now trading at $2.18. Should Bitcoin pass $27k, Apecoin holders predict that Apecoin will start to recover, with some suggesting it could increase to $2.50 by the end of July.
Solana Rallies Amid $1 Billion Reinvestment
Solana’s price has rallied by 15.42% in the last five days after several new announcements. The Solana CEO has announced that $1 billion will be reinvested into the project, which has triggered an influx of investors buying Solana. In the past 24 hours alone Solana’s trading volume has increased by 70.90%, with many investors anticipating further price increases.
Furthermore, Solana is also one of a few cryptocurrencies that have been legalized in the Indonesian market. This is a huge opportunity for Solana, with Solana’s low fees and fast transaction speed giving it the upper hand against its competitors.
Investors Flock To Collateral Network Following A 177% Price Surge
Collateral Network has outperformed the entire cryptocurrency market in June with a 177% price increase. Since this increase, COLT tokens have been selling at record rates and now stage three of its presale is on track to become its fastest selling yet.
As the first project to apply DeFi technology to crowdlending, experts have high expectations for Collateral Network. Using its platform, DeFi users will be able to unlock cash from otherwise illiquid assets such as supercars, yachts, and premium watches.
They do this by minting the asset as an NFT and selling fractions to investors. Each time an investor buys an NFT fraction, they lend cryptocurrency to the borrower until the loan is fully funded. Each lender will earn a fixed interest rate on their loan, allowing them to build several passive income streams.
By combining their experience, the Collateral Network team plans to revolutionize the crowdlending market, offering early investors returns of 3500% in the process. To get involved, COLT tokens can be purchased via the presale portal, with tokens selling at $0.0277.
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
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