Decentraland Still Unable To Get A VR Client, Avalanche Down 11.3% Since December, While Collateral Network Experiences A Surge In Demand During Presale
While Decentraland (MANA) has failed to acquire any VR client, and Avalanche (AVAX) is down 11.3% since December, an oncoming protocol, Collateral Network (COLT), is all the rage in the crypto space. Collateral Network (COLT) is believed to have an outstanding future ahead with an estimated 35x gains within 6 months for the new token. Keep reading to know more about these tokens.
Decentraland (MANA) fundamentally incompatible with VR
Decentraland (MANA) is a virtual reality platform that uses the Ethereum (ETH) blockchain and enables content and app creation, consumption, and monetization. Despite having virtual reality as a core element, Decentraland (MANA) has been unable to get a single VR client onboard.
Sean Ong, a member of the Decentraland (MANA) DAO, recently told Cointelegraph that Decentraland (MANA) was “fundamentally incompatible with VR,” which made introducing VR to it difficult. However, work is underway to develop VR on the Decentraland (MANA) platform and grants have been issued for the same.
As for the token’s market performance, Decentraland (MANA) has been bullish for the past few days. The price of Decentraland (MANA) is $0.34 at the moment, which is a 10.5% increase from a day earlier.
However, Decentraland (MANA) is still 94% below its all-time high of $5.9. It can’t be said whether Decentraland (MANA) would continue its rally, and risk for investors does exist.
Avalanche (AVAX) witnesses surge
The blockchain Avalanche (AVAX), which is well known for its smart contracts, is seen as Ethereum’s (ETH) competitor. Avalanche (AVAX) is a layer-one blockchain that supports the creation of private blockchain networks and decentralized applications (dApps).
The performance of Avalanche (AVAX) in 2022 was a major cause of concern for its investors, as the token lost around 86.4% of its value, and has barely recovered. Since December 2022, Avalanche (AVAX) has declined by 11.3%.
However, there has been recent good news for the token, as Avalanche (AVAX) has been bullish for the past couple of days, and is currently trading for $11.8. This is a 2.2% increase for Avalanche (AVAX) in the past 24 hours.
The 2023 predictions for Avalanche (AVAX) suggest that the token would reach a maximum of $20, which isn’t a significant growth spurt. It would be interesting to see how long Avalanche (AVAX) can continue its rally while keeping in mind its concerning history.
Collateral Network (COLT) to rise over 35x soon
The Ethereum blockchain-based Collateral Network (COLT) makes it simple for consumers to exchange their tangible assets for money. Collateral Network (COLT) is a one of its kind initiative that issues NFTs backed by physical assets, fractionalizes those assets, and then enables the community to fund loans.
Collateral Network (COLT) enables users to borrow privately against their possessions without damaging their credit history, and protects user identity. Collateral Network (COLT) is transparent since all contractual information is preserved in the NFT metadata, which is stored on the public blockchain, and cannot be altered or deleted. Users may make a passive income by staking their assets on Collateral Network (COLT).
The implementation of these features makes use of smart contracts, which has been successfully audited. The first presale for Collateral Network (COLT) is now being offered, which is a fantastic opportunity for investors to get in early.
The price of Collateral Network (COLT) is predicted to rise 35x over the course of the next six months and the current token price of $0.01 is expected to rise as the presale continues. You can have exclusive access to the VIP club and private auctions for distressed assets if you purchase Collateral Network (COLT) presale shares.
Find out more about the Collateral Network presale here:
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