Collateral Network Soars In Crypto Space, Decentraland and Avalanche Struggle
• Decentraland (MANA) is unable to acquire any VR client and its token’s market performance has been bullish for the past few days.
• Avalanche (AVAX) has declined by 11.3% since December 2022 and recently experienced a surge in demand during its public sale.
• Collateral Network (COLT), an oncoming protocol, is all the rage in the crypto space with estimated 35x gains within 6 months for the new token.
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. The price of Decentraland (MANA) is $0.34 at the moment, which is a 10.5% increase from a day earlier but still 94% below its all-time high of $5.9.
The blockchain Avalanche (AVAX), which is well known for its smart contracts, is seen as Ethereum’s (ETH) competitor. Avalanche (AVAX)’s performance in 2022 was not good as it lost around 86.4% of its value but it recently experienced some good news as it witnessed surge in demand during its public sale; however, since December 2022 it has declined by 11.3%.
Collateral Network (COLT)
An oncoming protocol, Collateral Network(COLT), has become all the rage in the crypto space with estimated 35x gains within 6 months for the new token due to immense potentials that this network offers to future investors or users alike compared to other protocols out there presently in this particular industry space .
In conclusion , while Decentraland(MANA )has failed to acquire any VR clients and Avalanche(AVAX )is down 11 .3 % since December , Collateral Network(COLT )experiences huge demand during presale with estimated 35x gainswithin6 months forthe new token .