PlayDapp, a blockchain-based gaming ecosystem has its native currency, PLA. It is an ERC-20 token which runs on the Ethereum network, and is primarily used as a fungible token. PLA coin showed over 15% decline in the past 7-days of trading, while the 1-month decline was more than that.
Additionally, in the last 1-year the stock price noted over 60% of decline, while all-time decline was nearly 25%.
According to CoinMarketCap (CMC), Playdapp also acquired ProudNet, a renowned peer-to-peer server network used by many successful games such as PUBG, League of Legends, and Fortnite. The peer-to-peer server network enables Playdapp to offer reliable, secure, and fast peer-to-peer connections for its games and services.
Meanwhile, the network also reduces the server development costs and time for game developers who want to use Playdapp’s platform.
PLA Coin Price Analysis
According to CMC, at press time, PLA coin is trading at $0.133597 with a 24-hour trading volume of $1.89 Million. In the past 24-hours, the coin noted low at $0.1285, while high was at $0.1338. The coin has increased over 3.65% in the last 24 hours. Its CMC ranking is at 270th position, which shows a current market cap of $74.83 Million.
As shown in the above one month price analysis chart, the coin price dropped from the trading price of $0.1894 to its current trading price. The bearish trend followed by the coin clearly shows low investor’s confidence in the coin. However, as per its recent hours price performance, PLA coin trading above the price range of $0.1302.
Heading towards the price performance of the total crypto market, the global crypto market cap is $1.03 Trillion and is showing a 1.49% increase over the last day. The total crypto market volume over the last 24 hours is $29.87 Billion, which makes a drop of nearly 28.99%.
The total volume in decentralized finance (DeFi) is currently $1.99 Billion that is 6.66% of the total crypto market 24-hour volume. The volume of all stable coins is currently $29.17 Billion, which is 97.64% of the total crypto market 24-hour volume. Moreover, the dominance of the most traded cryptocurrency by market cap, Bitcoin(BTC) is currently 47.86%, showing an increase of 0.32% over the day.
BTC price is currently trading at the price of $25,503.59, showing an increase of 2.47% in the last 24 hours. Meanwhile, Ethereum (ETH) is trading at $1,666.16 also showing an increase of 1.82% in the last 24 hours.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing
Source: https://www.thecoinrepublic.com/2023/06/16/playdapp-pla-coin-price-shows-bearish-trend-since-last-1-month/