Avalanche (AVAX) and Polkadot (DOT) Showcases Minor Growth While TMS Network (TMSN) Secures $6 Million Funding

Avalanche (AVAX) partners with Alibaba (BABA), yet the price declines to $14.03

Alibaba’s cloud division, a prominent player in the Chinese tech industry, has developed Cloudverse on Avalanche (AVAX) blockchain. This launchpad is exclusively built for businesses seeking to deploy metaverses on the Avalanche (AVAX) network. Now, companies can fully customize and manage their metaverse spaces using the Avalanche (AVAX) services. Thus, the platform may enable them to explore innovative avenues for customer engagement through Avalanche (AVAX).

The partnership with Avalanche (AVAX) is Alibaba’s second blockchain network tie-up in a month. According to a recent announcement, Avalanche (AVAX) will supply the technological foundation for constructing the metaverse spaces. Additionally, Alibaba Cloud will contribute its computing and storage capabilities to the new Avalanche (AVAX) launchpad.

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Interestingly, the news showed a minimal impact on Avalanche’s (AVAX) native token, with a modest price increase of less than 1% from $16.86 to $16.98. However, Avalanche (AVAX) price has declined further, and is currently trading at $14.03, a 4.54% drop in a day. Next year, Avalanche (AVAX) is expected to reach over $15.

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Polkadot (DOT) reaches out to Stellar; however, the price continues to drop by 2.83%

On March 28th, the Polkadot (DOT) network revealed a critical collaboration with the Stellar network. With this new partnership, Polkadot (DOT) seeks to leverage increased liquidity. The announcement revealed that Polkadot (DOT) would establish a connection with Stellar via the Spacewalk bridge. This bridge is a recent innovation from Polkadot’s (DOT) Pendulum Chain, one of its parachains.

The link will also enable the seamless transfer of stable assets between Polkadot (DOT) and Stellar networks. This strategic agreement addresses Polkadot (DOT), and other stablecoin users face liquidity challenges. It is worth noting that Polkadot’s (DOT) announcement has surged development activities within the network over the past 24 hours.

However, the Polkadot (DOT) token hasn’t risen above $5.23 for over a month. In fact, the same is the live price of Polkadot, (DOT), with a 2.83% drop in a day. Moreover, technical analysis suggests Polkadot (DOT) will maintain a minimum value of $4.75 in future.