4 Best Cryptocurrencies Fighting Back Against the Bear Market: Ethereum (ETH), Solana (SOL), Avalanche (AVAX) and Collateral Network (COLT)

Following the crypto market crash of 2021, most cryptocurrencies, including Ethereum (ETH), Solana (SOL) and Avalanche (AVAX), saw a massive decline in price. Fast forward to this year, when the dust seems to have settled, these tokens and Collateral Network (COLT), which is a relatively new project but has been doing impressive numbers, are among those tokens fighting against the bears in order to push the market fully bullish again. 

This article will highlight how Ethereum (ETH), Solana (SOL), Avalanche (AVAX) and Collateral Network (COLT), which is in its presale phase with a 40% price surge already from $0.01 to $0.014, are championing the bullish cause and boosting investors' confidence.

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Ethereum (ETH)

Ethereum (ETH) is one of the projects that will still be here in a decade and many years. It is because Ethereum's (ETH) current price is far below the utility value Ethereum (ETH) offers to the market. Despite the threatening inflation, investing in Ethereum (ETH) is safe. 

As it stands, the bears are currently having a good time in the marketplace. This is a result of the unstable global economy and high inflation. However, Ethereum (ETH) is staying steady. This is because of the core function of Ethereum (ETH) as the bedrock behind the transition into the Metaverse and Web 3.0. 

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Solana (SOL)

Like Ethereum (ETH), the current market sentiment for Solana (SOL) is bullish. In the last trading session, Solana (SOL) gained up to 5.30%. As a result, the Solana (SOL) price is moving above the 20-50-. 100- or even the 200-day daily moving averages.

Market experts predict that this bullish run will likely continue, which could take the price of Solana (SOL) to a primary resistance of $26.45. If the rally persists, the price of the secondary resistance could reach $37.07.

The price of Solana (SOL) is currently above the daily averages, and investors are expected to add more Solana (SOL) to their portfolios. There has already been an increase in the short-selling activity of Solana (SOL) due to more intense selling pressure from sellers.

Avalanche (AVAX)

Avalanche (AVAX) was a novel project launched in 2021, and many quickly dubbed it the "Solana (SOL) Killer." The Avalanche (AVAX) primary advantage was the super-fast speed with which it processed transactions, with many comparing it with Solana (SOL). 

Avalanche (AVAX) also has a safety threshold of 80%, which was said to be far superior to Ethereum (ETH) and Polkadot (DOT) at 51% and 33%, respectively. 

Avalanche (AVAX) has seen increased adoption by principal cryptocurrency platforms such as BitGo, Binance, and even Deloitte, which is rumored to be experimenting on the platform. Avalanche (AVAX) is coming on with solid fundamentals and is expected to be a vital part of the crypto ecosystem in no time. 

As of the time of writing this piece, the current market price for one Avalanche (AVAX) is above $18 and has a total market capitalization of over $6 billion. By market capitalization, Avalanche (AVAX) is the 15th largest cryptocurrency in the world.

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Collateral Network (COLT)

Collateral Network (COLT) is the first asset-backed lending marketplace for tangible assets and a platform through which token holders can get discounts on borrowing fees and interest.

On Collateral Network (COLT), token holders can use the native token $COLT to get discounts on borrowing and trading fees in the marketplace as well as staking and governance rights. Collateral Network (COLT) as a blockchain platform is simply about decentralizing the finance space and making loans accessible to everybody, regardless of location.

To put it in a proper context, Collateral Network (COLT) is a crypto-backed lending platform that effectively mitigates risks. It is a Web3 peer-to-peer crowdlending platform that plans to effectively disrupt the traditional lending sector with its model. 

Collateral Network (COLT) allows anyone to borrow against different material assets, like watches, precious stones, vintage cars, etc and receive loans from the value of their assets which will be raised by lenders who can provide small sums of money through fractionalised NFTs that will represent the assets for a set interest rate in exchange for a weekly passive income.

This token has a dual tokenomics model; that is, it serves as a utility token that can be used to perform transactions on the platform, and it also serves as a governance token, which gives holders the right to participate and vote in key decision making regarding Collateral Network (COLT).

The $COLT token is currently in stage 2 of its presale, and one $COLT is selling for $0.014. Over 20 million $COLT has already been sold in this stage alone, and it has been projected that its price will increase by 3500% before the end of the presale and eventually surge by 100x by the time it is listed on major exchanges.

Find out more about 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