Mining XMR or Buying BTC and COLT – Which Is Best?
Monero (XMR) sets up a difficult mining process that turns off investors and leads them away from the coin. And where are investors turning to? Bitcoin (BTC) and Collateral Network (COLT), of course. However, while Bitcoin is expected to face bearish sentiment soon, Collateral Network is on the come-up with expected 3500% gains during its public presale.
Collateral Network Is Set to Revolutionize the Way We See Lending Forever
Collateral Network is a unique crypto project that has investors turning heads and dropping jaws at its real-world utility and potential. COLT will allow people to get the funds they need by leveraging real-world assets for a loan. So, no more credit scores, mortgages, impossible loan terms, etc.
All borrowers need to do is send the asset they want to leverage (such as a luxury watch, fine wines, jewelry, vintage cars, etc.) over to Collateral Network for valuation. Collateral Network will get the funds for the loan by engaging in fractionalized lending. In other words, it’ll mint an NFT from the asset and sell it in fractions to other Collateral Network users.
So, lenders will have the opportunity to finance loans that are 100% asset-backed and get fixed-interest weekly payments in return. Once all is said and done and the loan is repaid, the borrower gets their asset back, and Collateral Network burns the NFT.
Collateral Network (COLT) is still in its public presale, currently trading at $0.014, a 40% jump from the initial presale price. Also, experts predict that the coin will rake in 3500% gains before it hits exchanges. Once it does, it’ll bring in another 100x gains for investors!
Is Mining Monero (XMR) Worth the Hassle?
Mining Monero has proven to be a hard and time-consuming task. Namely, to mine one Monero (XMR) token, you’ll need to do the following:
Download a Monero wallet and get a Monero address. Then, download pool mining software and use a platform you can trust. After that, you’ll need to configure your software with your Monero address. Then, join a mining pool and connect your software. Now, you can start mining. While you’re mining, you need to monitor your hash rate, check your Monero earnings, withdraw them, and do it all over again.
This whole Monero mining process takes about 121.4 days to complete. All in all, mining one Monero token can make you a total of $0.26 profit per day. So, most experts think that mining Monero is currently not worth it, as there are better investments out there with larger gains.
Bitcoin To Face Bearish Sentiments Soon
Bitcoin has been experiencing stagnant price movements lately. This can be due to the fact that Bitcoin miners have been selling their Bitcoin coins recently to cover their Bitcoin mining expenses. And with the recent Bitcoin price increase, more and more Bitcoin miners are selling while they can.
If this trend continues, experts predict that Bitcoin could face bearish sentiment pretty soon. So, Bitcoin buyers should hold off for now.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Presale: https://app.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
Monero (XMR) sets up a difficult mining process that turns off investors and leads them away from the coin. And where are investors turning to? Bitcoin (BTC) and Collateral Network (COLT), of course. However, while Bitcoin is expected to face bearish sentiment soon, Collateral Network is on the come-up with expected 3500% gains during its public presale.
Collateral Network Is Set to Revolutionize the Way We See Lending Forever
Collateral Network is a unique crypto project that has investors turning heads and dropping jaws at its real-world utility and potential. COLT will allow people to get the funds they need by leveraging real-world assets for a loan. So, no more credit scores, mortgages, impossible loan terms, etc.
All borrowers need to do is send the asset they want to leverage (such as a luxury watch, fine wines, jewelry, vintage cars, etc.) over to Collateral Network for valuation. Collateral Network will get the funds for the loan by engaging in fractionalized lending. In other words, it’ll mint an NFT from the asset and sell it in fractions to other Collateral Network users.
So, lenders will have the opportunity to finance loans that are 100% asset-backed and get fixed-interest weekly payments in return. Once all is said and done and the loan is repaid, the borrower gets their asset back, and Collateral Network burns the NFT.
Collateral Network (COLT) is still in its public presale, currently trading at $0.014, a 40% jump from the initial presale price. Also, experts predict that the coin will rake in 3500% gains before it hits exchanges. Once it does, it’ll bring in another 100x gains for investors!
Is Mining Monero (XMR) Worth the Hassle?
Mining Monero has proven to be a hard and time-consuming task. Namely, to mine one Monero (XMR) token, you’ll need to do the following:
Download a Monero wallet and get a Monero address. Then, download pool mining software and use a platform you can trust. After that, you’ll need to configure your software with your Monero address. Then, join a mining pool and connect your software. Now, you can start mining. While you’re mining, you need to monitor your hash rate, check your Monero earnings, withdraw them, and do it all over again.
This whole Monero mining process takes about 121.4 days to complete. All in all, mining one Monero token can make you a total of $0.26 profit per day. So, most experts think that mining Monero is currently not worth it, as there are better investments out there with larger gains.
Bitcoin To Face Bearish Sentiments Soon
Bitcoin has been experiencing stagnant price movements lately. This can be due to the fact that Bitcoin miners have been selling their Bitcoin coins recently to cover their Bitcoin mining expenses. And with the recent Bitcoin price increase, more and more Bitcoin miners are selling while they can.
If this trend continues, experts predict that Bitcoin could face bearish sentiment pretty soon. So, Bitcoin buyers should hold off for now.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Presale: https://app.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
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