Collateral Network’s (COLT) presale success overshadows the growth of Avalanche (AVAX) and Fantom (FTM)

Collateral Network (COLT) has captivated market bulls with its unique business roadmap and market viability. Its presale has posted one of the most successful ICOs that the market has ever seen.

Experts have predicted that Collateral Network will rise by 35x, and raise millions during its presale round. On the contrary, Avalanche (AVAX) and Fantom (FTM) have been losing their existing investors and users due to their bearish outlook.

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Avalanche Partners with Alibaba Cloud

Avalanche has forged a major partnership that could boost its network growth exponentially. Recently, Avalanche and Alibaba Cloud joined hands in the development of a launchpad, named Cloudverse. This launchpad aims to help businesses launch, maintain, and customise their own metaverses on the Avalanche blockchain.

Under this partnership, Alibaba Cloud will support businesses with storage and computing, and Avalanche will provide metaverse-building technology to them. The Avalanche community believes that this development can increase the institutional adoption of the network.

However, Avalanche has extended its losing streak, as the price of AVAX has plummeted by 11% in the past seven days. As a result, Avalanche (AVAX) is changing hands at $15.29 at the time of writing.

Fantom’s Ecosystem Expands

The ecosystem of Fantom has been expanding for the past many weeks, with the addition of new projects to its network. In the latest event, ghostNFT has gone live on the Fantom mainnet. Earlier, Unstoppable Wallet started providing its users with an opportunity to send, store, receive, and swap tokens on the Fantom chain.

Fantom aims to increase its use and price with these developments, which have been sliding for the past many weeks. The value of Fantom has taken a dip of 25% on the monthly price chart. At the time of writing, Fantom (FTM) is available to trade at $0.37. Meanwhile, Fantom has launched a hackathon event to attract developers to its network.

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All eyes on Collateral Network’s exceptional growth

If you own a luxurious asset like a supercar or gold necklace, and wish to borrow money against it, Collateral Network is your best option. Collateral Network is the world’s first Web3-based crowdlending platform, where borrowers can take loans at competitive interest rates, and lenders can become their own banks by deciding the rate of interest.

Collateral Network is committed to protecting the privacy of its users. It grants loans without demanding borrowers’ credit files or any other documentation. You just need to send your assets to the platform. Collateral Network assesses the value of collateralised assets using artificial intelligence.

After assessment, the company mints NFTs against your assets, and invites investors to purchase them through an open marketplace. Collateral Network grants loans only against real-world assets, and not any future income source. Lenders on the platform will get a fixed weekly income.

The ecosystem of Collateral Network consists of Marketplace, Crowdlending, and Auctions. Collateral Network has begun its presale phase, and a COLT token is currently available at $0.014. Experts predict that Collateral Network’s (COLT) value will jump by at least 3500% during the presale round, and will reach $0.35.

For more information on Collateral Network visit the website, join the presale or join the community for regular updates.

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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