Avalanche (AVAX) Price Rallies 8% After Merit Circle Partnership, Collateral Network (COLT) Offers Even Bigger 35x Returns

Avalanche (AVAX), one of the biggest rivals to the Ethereum (ETH) blockchain, recently made its way into the gaming industry with its new partnership with Merit Circle, prompting an 8% rally. Meanwhile, Collateral Network (COLT), currently in its presale, is predicted to deliver 35x returns for its holders.

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Avalanche (AVAX) Partners with Merit Circle, Resulting in an 8% Rally

Avalanche (AVAX) is a popular layer 1 blockchain that aims to surpass Ethereum and become the best platform for smart contracts. Avalanche (AVAX) recently partnered up with the metaverse-focused Merit Circle DAO.

The two have come together to launch a new gaming-focused blockchain called Beam, which will be powered by Avalanche (AVAX). The Beam blockchain aims to become the home for many Web3 games, with Merit Circle claiming there will be over 60 partnered games and multiple contributors, developers, and tools on Beam. 

This latest Avalanche (AVAX) partnership has seen the Avalanche (AVAX) price rally 8%, with the Avalanche (AVAX) TVL being $882 million. 

Still, Avalanche (AVAX) holders are eying the Collateral Network (COLT), as it's predicted to exceed the gains of the Avalanche (AVAX) token. 

Collateral Network (COLT) Outperforms Competitors While in Presale

While Avalanche (AVAX) rallies 8%, Collateral Network (COLT), a new decentralized crowdlending platform still in its presale, has experienced a price jump of 40%, poised to grow even further. Moreover, experts forecast that the Collateral Network (COLT) will deliver 35x returns to holders before the presale ends, making it one of the most talked about crypto projects on the DeFi market.

In February, the initial Collateral Network (COLT) token price was $0.01, which has now grown to $0.014. And, as per the official Collateral Network website, the token's price will jump to $0.0168 when an additional 120,000,000 COLT are sold.

Collateral Network (COLT) will enable borrowers to use their real-world assets as collateral and borrow funds against them, creating a more stable and secure lending process.

For example, let's say you have a $10,000 watch. You send the watch to Collateral Network (COLT), where its team will use AI to evaluate it and store it in a highly-secure vault. Then, Collateral Network (COLT) mints an NFT against your watch and fractionalizes it, allowing multiple lenders to fund the loan and get fixed interest payments in return. 

And, once you've paid the entire loan, Collateral Network (COLT) redeems your watch from its vault and burns the NFTs.

Conclusion

As Avalanche (AVAX) introduces a new partnership to its network, its holders are looking forward to seeing what's next for the blockchain and token. 

Meanwhile, the COLT presale presents a fantastic opportunity for investors to get in early on a revolutionary project that will transform the crowdlending industry as we know it. 

Explore 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