As regulation causes chaos throughout the cryptocurrency space, investors are now looking to capitalize on decentralized opportunities. One great opportunity is mining Monero, one of the most secure cryptocurrencies in the world. Since the SEC’s new lawsuit announcements, Monero mining has grown in popularity, with hundreds of new miners getting started daily.
At the same time, Ethereum and Collateral Network are set to surge, with Ethereum staking continuing to hit new highs since its Shanghai update.
Collateral Network Sales Surge After Stage 2 Sellout
Collateral Network is a new DeFi project that has the crypto market extremely excited. While its potential returns of 3500% are enough to spark interest in most people, it’s the Collateral Network ecosystem that could be a game changer.
Collateral Network is designed to reinvent peer-to-peer lending with its Ethereum-based marketplace. Using the Collateral Network marketplace, DeFi users can unlock cash from valuable physical assets by taking a DeFi loan against them.
Instead of going down the traditional pawnbroking route, individuals can use Collateral Network to mint their asset as a fractionalized NFT and sell NFT fractions to investors to raise liquidity. Investors are incentivized to lend cryptocurrency by receiving an interest rate, which is paid for the duration of the loan.
Although the peer-to-peer lending market is expected to grow to $705.81 billion by 2030, its systems are outdated. They rely on copious amounts of paperwork, long-winded background checks and can often be extremely complex.
By using smart contracts and NFTs, borrowers can acquire funds in just 24 hours and never have their credit rating impacted by their borrowing. Furthermore, all data is stored on the blockchain, making it both secure and transparent.
Collateral Network (COLT) tokens are currently selling fast during phase three of the project’s presale. COLT can be purchased for $0.0241 using different cryptocurrencies via the Collateral Network presale portal and is expected to increase to $0.35 before the presale ends.
Monero Mining Gains Traction After SEC Lawsuits
Monero mining is a great way for DeFi users to generate income. Monero can be mined solo, as part of a mining pool, or as part of cloud mining services, offering different options based on the miner’s preferences.
In short, Monero mining is the process of verifying transactions on the Monero blockchain. This process involves solving complex mathematical operations through a proof-of-work consensus.
While similar to some other mining methods, Monero mining differs as it can be mined using CPUs instead of GPUs and ASICs. This means ordinary computers can be used to mine Monero, which makes it more accessible to everyday miners.
Ethereum Chases $2k After 9.34% Surge
While the amount of Ethereum being held on centralized exchanges has dropped dramatically, Ethereum’s popularity is growing exponentially. Ethereum staking increased by an additional 1.84% in June, with 338,156 ETH being staked.
Ethereum’s value is also on the rise following the decline triggered by the SEC lawsuits. At the time of writing, Ethereum was trading at $1,907, and daily trading volume had almost reached $12 billion.
Experts predict that Ethereum is on track to surge before the end of June, with some suggesting it could hit $2,000 going into July.
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
