The downward trajectory of the blockchain industry is one that can hardly be overlooked. Investors in the crypto market are constantly searching for the right coin to purchase and have to be careful where they make their investments,
Recently, cryptocurrencies like Plona (PLON) have been receiving a great deal of attention and bringing life back into the blockchain industry. Some have even speculated that Plona (PLON) can surpass crypto giants like Balancer (BAL) and Ripple (XRP).
Balancer (BAL) Investors Worry After Value Drops by Nearly $1
Investors with busy schedules can relate to the importance of automated services. The team at Balancer (BAL) were aware of this and designed this cryptocurrency to cater to this issue. Balancer (BAL) automated the process of users creating or adding liquidity to their trading pool, streamlining the process for investors in the blockchain industry who may not have time to do so themselves. They will still be able to customise their trading fees.
The Balancer (BAL) token aims to simplify the process of users buying and selling coins on the crypto marketplace and promote DeFi technology. This week Balancer (BAL) dropped by nearly $1, going from $5.1 a few weeks ago to $4.6 by the end of this week. Investors of Balancer (BAL) will be slightly concerned as they hope for the coming weeks to show some improvements.
Ripple (XRP) Token Holders Aren't Pleased With Recent Performance
The creators of Ripple Labs released Ripple (XRP) tokens to eliminate the higher cost of inter-banking transfers. They designed Ripple (XRP) to be
scalable and faster than other cryptocurrencies in the market while maintaining its affordability. The cryptocurrency became renowned in the blockchain industry, garnering a market cap of around $16 billion. However, Ripple's (XRP) unconventional model of network variations saw the platform begin to underperform.
This year has seen many cryptocurrencies decline, and Ripple (XRP) is one of them. After Ripple (XRP) increased its net supply from 40.46 billion to 46 billion in two days, the token's prices went down 36% below the 200-week SMA. This increase in net supply started a selloff fear, and Ripple's (XRP) value dropped by 50% and now stands at $0.60.
Plona (PLON) Investors Can Expect And Incredible 3,000% gain.
Plona (PLON) token was designed by a team of blockchain experts and exotic car enthusiasts who wanted to bring luxury cars into the blockchain industry. On the Plona (PLON) platform, users can own a fraction of some of the most premium automobiles around the globe after investing $29. The platform also plans to lock up liquidity for five years and donate 2% of Plona (PLON) tokens sold to a community-chosen charity.
The team at Plona (PLON) are determined to express their commitment to the success of the platform by using 14% of its revenue on marketing. After passing its audit by a high-respected auditing firm in the cryptocurrency industry known as Interfi Network, Plona (PLON) is now recognised as a safe investment. Plona (PLON) has garnered so much recent hype that blockchain analysts predict the coin to sell out its 140 million tokens available during its stage one presale and have a 3,000% gain before the year is over.
Use the following links to find out more about Plona (PLON) and join its presale:
Presale: https://buy.plona.io
Website: https://plona.io
Twitter: https://twitter.com/plonatoken
Telegram: https://t.me/plonatoken
