The current state of the crypto market has left coins like Axie Infinity (AXS) and Chainlink (LINK) in a tough predicament. Both cryptocurrencies struggle to find their feet in the blockchain industry after a poor week. However, the recently launched Plona (PLON) has started its phase one presale and is garnering the attention of many investors in the crypto market.
Axie Infinity (AXS) is down by 13% overnight.
Axie Infinity (AXS) is a video game that functions as a non-fungible token (NFT). On the Axie Infinity (AXS) platform, users can breed and care for cute digital creatures called Axies. These creatures, or Axies, can then be traded or trained and used for battles. However, players are charged a 4.25% transaction fee for every trade.
Ronin, another development by Sky Mavis, came to life as the team at Sky Mavis wanted to create a unique sidechain for lower fees than the Ethereum (ETH), where all transactions could occur. According to CoinMarketCap, Axie Infinity (AXS) is currently down by 13.40%. The price of one token has dropped from $11.15 to $9.93 in less than a week, which is a rather worrying sight to Axie Infinity (AX) token holders.
Chainlink’s (LINK) investors worry after a 5.30% decrease.
Chainlink (LINK), a decentralised oracle network built on the Ethereum blockchain, made headlines after releasing its latest update. Oracle jobs are now more capable and flexible with the Chainlink (LINK) version 1.9.0. The update will allow for more adaptability while facilitating node management.
Chainlink (LINK) network aims to enable the safe transfer of tamper-proof data from off-chain sources to on-chain smart contracts. Although the update was somewhat favourable, Chainlink’s (LINK) prices still dropped by 5.5% as the week concluded. It would seem the update had little to no effect on its investors.
Crypto analysts predict a 3,000% gain in Plona (PLON)
Plona is a non-fungible token (NFT) project developed on the Ethereum (ETH) blockchain by a team of blockchain experts and luxury car enthusiasts. The team at Plona (PLON) had one goal when creating this cryptocurrency: to provide the crypto market with the means to own a fraction of their favourite cars. After investing $29, you too can own a fraction of a Ferrari, Lamborghini, or Bugatti.
This initiative has accumulated a great deal of support in the blockchain industry and led to crypto experts predicting investors on the platform to gain 3,000% returns in their investments by January 2023. Plona (PLON) phase one presale has already begun, with 140 million tokens available at launch, and its token prices are starting at $0.012 per coin.
Join the Plona presale and find out more with the links below:
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/axie-infinity-and-chainlink-investors-look-to-plona-plon-as-its-hype-rises/