Welcome to the world of blockchain technology, which has given people new ways to manage their money independently of a third party. This new method of managing your money, promoted by various cryptocurrencies, is known as decentralised finance (DeFI) technology. The DeFi ecosystem has lured many investors to the cryptocurrency market, enabling them to cut the middleman.
Regardless of whether you invest in the crypto space or not, you have to admit its use case has been pivotal in the financial technology industry. One of the many reasons people still believe in blockchain technology is the existence of cryptocurrencies like the recently launched Plona (PLON) coin.
Is Axie Infinity (AXS) Still Worth Your Investment?
Axie Infinity (AXS) is a non-fungible token-based (NFT) video game that was created by the Vietnamese studio Sky Mavis. The platform’s primary selling point focuses on the breeding and nurturing of adorable digital creatures known as Axies, which can then be used for battles on the Axie Infinity (AXS) platform. These virtual pets can also be collected, minted, and traded by users of the Axie Infinity (AXS) platform, where users are charged a 4.25% fee for each trade.
Sky Mavis created Ronin, a quick and unique sidechain where all transactions occur, to have lower fees than the main Ethereum (ETH) blockchain. Axie Infinity (AXS), which is presently ranked number 54 on CoinMarketCap, has suffered a decline in trading value of around 10%. For the majority ofinvestors, the $11.15 price tag of each Axie Infinity (AXS) token makes them a costly investment.
ApeCoin (APE) Might Lose Some Investors After Poor Week
ApeCoin (APE), which was introduced in March of this year, was created as an ERC-20 governance and utility token. ApeCoin (APE), created by Yuga Labs, is a cryptocurrency that is linked to the Bored Ape Yacht Club (BAYC).
Owners of the Bored Ape Yacht Club (BAYC) received ApeCoin (APE) via a claimable airdrop when Yuga Labs acquired CryptoPunks. ApeCoin’s value has decreased by 14.01% after the previous week, taking its value down to $4.57 – a significant drop from the $7.5 we saw earlier this year.
Plona (PLON) can raise $1 million in its first week, according to analysts.
The newest coin in the market, the Plona (PLON) token, promotes fractional ownership through tokenisation. You can get a portion of some of the most exotic cars in the world for just $29. The team at Plona (PLON) is committed to demonstrating its dedication to the platform’s success with plans to lock up liquidity for five years and contribute 2% of earnings to a charity of the community’s choosing.
Blockchain specialists and cryptocurrency analysts have forecasted that Plona (PLON) early investors could see a 3,000% increase before January 2023. Additionally, there have been predictions that the Plona (PLON) platform can raise $1 million in the first week of its phase one presale and sell all available 140 million tokens. Learn more about Plona (PLON) and join its presale with the following links:
Presale: https://buy.plona.io
Website: https://plona.io
Twitter: https://twitter.com/plonatoken
Telegram: https://t.me/plonatoken
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Source: https://cryptodaily.co.uk/2022/10/plona-plon-predicted-to-raise-1-million-in-its-first-week-while-axie-infinity-axs-and-apecoin-ape-push-for-a-comeback