The cryptocurrency market has many fascinating and functional coins for investors to use in their everyday life. Compound (COMP) and STEPN (GMT) are cryptocurrencies in the blockchain that have become familiar names to investors, regardless of their current performance. However, the recently released Plona (PLON) is here to snatch crypto enthusiasts’ attention.
Compound (COMP) struggles to come back from a 7% drop.
Compound (COMP) is yet another decentralised cryptocurrency in the blockchain. Running on the Ethereum blockchain, Compound (COMP) allows its users to borrow and lend crypto. The platform further enables community governance where Compound (COMP) holders can vote on the decisions of the Compound (COMP) protocol.
Compound (COMP) is based in the decentralised ecosystem, so it allows users to deposit cryptocurrencies into lending pools. These lending pools are available to investors at any point. Compound (COMP) is down by 7% after a long week. One Compound (COMP) will cost $52.36.
What is the future of STEPN (GMT) after a 10.50% decline?
STEPN (GMT) is a blockchain-based GameFi platform that functions as a web3 lifestyle application. Founded in 2021, STEPN (GMT) they were front and centre in the innovation of many play-to-earn metaverse projects that followed after. By rewarding STEPN (GMT) users with governance and in-game cryptocurrencies, the platform aims to increase their physical activities.
Jerry Huang and Yawn Rong, the two co-founders, wanted to create an interactive platform and promote a healthy lifestyle, later coining the term move-to-earn. With an over $600 million valuation, one STEPN (GMT) is worth $0.5726. After a weak performance over the week, its price dropped by about 10.50%, landing it at such a figure. The co-founders and STEPN (GMT) investors will anticipate a better start next week.
Plona could have a $500 million valuation, according to a prediction.
If you haven’t heard of Plona (PLON), it’s not too late. Plona (PLON) is the first blockchain-based platform for investing in fractional ownership of luxury vehicles. Plona (PLON) token holders can now trade fractional non-fungible tokens (NFTs) backed by actual cars on the platform. Plona (PLON) will work with high-end car dealerships to host private networking events for its user base.
To add to this, Plona (PLON) has made recent headlines after the platform announced that 2% of its tokens will go to a community-chosen charity, attracting many investors. Plona (PLON) phase one presale is underway after passing its audit by Interfi Network, a respected auditing company in the crypto industry. There has be speculations online from possible investors and blockchain analysts that Plona (PLON) might receive a $500 million valuation.
Use the links below to follow Plona (PLON) and join the presale before it’s too late.
Presale: https://buy.plona.io
Website: https://plona.io
Twitter: https://twitter.com/plonatoken
Telegram: https://t.me/plonatoken
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Source: https://coinpedia.org/press-release/why-should-you-invest-in-plona-plon-over-compound-comp-and-stepn-gmt/