Many investors are refraining from investing in Avalanche (AVAX) due to the gloomy prospects of the project. On the contrary, they have rallied behind Collateral Network (COLT) owing to its massive potential. Experts have predicted that Collateral Network (COLT) will grow by 3500% during presale.
Avalanche (AVAX) Future Price Seems In A Pickle
According to market experts, the price movement of Avalanche (AVAX) can be a mix of ups and downs in the coming months. At present, the prevailing bearish market sentiments have been dragging Avalanche (AVAX) down on the growth chart. The Avalanche (AVAX) current circulating supply is a little over 325 million tokens out of the max supply of 720 million.
As for the rankings, Avalanche (AVAX) ranks 7th and 11th in the Proof-of-Stake (PoS) coins sector and the Layer 1 sector, respectively. As per the market capitalization, the blockchain network is in the 16th position. Investors are advised to trade cautiously while dealing with Avalanche (AVAX). Notably, the value of Avalanche (AVAX) has plummeted by 23% in the last 30 days. On the weekly chart, it has gone down by over 7%. As a result, the current market price of Avalanche (AVAX) has nosedived to $17.19, which is 88.24% below its peak of $146.22. The project had touched its peak long back in November 2021.
Meanwhile, Avalanche (AVAX) has taken many developmental steps to increase the trading volume on the network. Recently, it partnered with an Indian live-streaming platform Loco, and Chinese internet giant Tencent Cloud, to expand its ecosystem. The crypto community hopes that these partnerships would bring a reversal in the current falling price of Avalanche (AVAX). Avalanche (AVAX) was built to ensure that users execute transactions faster, and at a cheaper price.
Collateral Network (COLT) Sweeps All Previous Records With Its Presale Growth Prospects
Collateral Network (COLT) is an aggregator that helps users get cash against their physical assets from across the globe. Collateral Network (COLT) gives loans to borrowers by minting fractionalised NFTs that are backed by tangible assets which lenders can buy into in order to raise money for the loans required by the borrowers. The platform stores all information about the assets in the NFT metadata. To ensure transparency and stability, Collateral Network (COLT) does not allow users to borrow against any future income, but only against tangible assets they already own.
Collateral Network (COLT) consists of three components: Marketplace, Crowdlending and Auctions. In the Marketplace, Collateral Network (COLT) empowers borrowers and lenders to connect directly to decide terms for loans in terms of interest and time scale. The Crowdlending protocol enables users to become their own banks by granting loans to borrowers at an interest rate that they pre-agree upon. The third component, Auctions, ensures the safety of lenders’ funds by auctioning the distressed assets of borrowers who default on their loan repayments.
Collateral Network (COLT) ensures slippage-free trading by maintaining institutional-level liquidity. COLT tokens have several features. If COLT holders borrow on Collateral Network (COLT), they will get a discount on borrowing fees and low-interest rates. On the other hand, if COLT token holders lend on the network, they will receive discounts on trading fees.
The Collateral Network (COLT) development team has stated that only 38% of the total 1.4 billion tokens will be circulated during the presale. A presale COLT token is available at $0.01, but it is projected to grow by 3500%.
Find out more about the Collateral Network presale here:
None of the information on this website is investment or financial advice and does not necessarily reflect the views of CryptoMode or the author. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. Always conduct your research before making financial commitments, especially with third-party reviews, presales, and other opportunities.