Blockchain technology is the future, and there is no escaping it. Developers in the blockchain industry are aware of this and are trying to capitalise from this nearly five billion-dollar industry. Plona (PLON) is a newly released cryptocurrency also aiming to benefit from this industry.
Ripple (XRP) Token Holders Aren’t Pleased With Recent Performance.
Ripple (XRP), created by Ripple Labs, is a blockchain-based digital payment network and protocol with its cryptocurrency. Similar to the international money and security transfers called SWIFT, the primary process for Ripple (XRP) is a payment settlement asset exchange and remittance system. With a market cap of $16 billion, Ripple (XRP) has become famed in the crypto marketplace and blockchain industry.
However, Ripple’s (XRP) unconventional model of network variations saw the platform begin to underperform. Many cryptocurrencies have underperformed this year, and Ripple (XRP) is among them. This drop in performance was due to the platform adding 46 million more tokens to the total supply of circulating Ripple (XRP), taking its total supply from 40 billion to 40.46 billion. After which, Ripple’s (XRP) value dropped by 50% and went down 36% below the 200-week SMA.
Axie Infinity (AXS) struggles to maintain its value.
Axie Infinity (AXS) is a non-fungible token-based (NFT) video game created by the Vietnamese studio Sky Mavis, centred around breeding and taking care of creatures on the platform that can be used for battles.
The game focuses on the collecting, minting, and trading of Axies. However, Axie Infinity (AXS) charges a 4.25% fee for each trade.
Sky Mavis also created a swift and custom sidechain to have fewer fees than the primary Ethereum (ETH) blockchain called Ronin, where all user transactions take place on the platform. Axie Infinity’s (AXS) recent performance has left its investors wanting more after its trading value decreased by 10%. Now worth $11.15, Axie Infinity (AXS) is seated at 54th place on the CoinMarketCap.
Plona (PLON) sells 15 million tokens in two weeks.
Plona (PLON) is a recently launched cryptocurrency blockchain that augments the car industry into the blockchain industry. The developers of Plona (PLON) created the coin to promote fractional ownership by tokenisation. By allowing its investors to own a fraction of their favourite luxury cars like a Ferrari, Lamborghini, or Bugatti for $29.
The developers of Plona (PLON), a team of blockchain experts and exotic cars enthusiasts, are donating 2% of tokens to a charity of the community’s choice and locking up liquidity for two years to prove their commitment to the success of the platform. Plona’s (PLON) presale is underway, and the platform has already sold 15 million tokens of the available 140 million in phase one. Crypto analysts have predicted Plona (PLON) to sell all 140 million coins before its presale is over and raise $1 million within its first month.
You can discover more about Plona (PLONA) and enter the presale using 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://cryptodaily.co.uk/2022/10/plona-plon-sells-15-million-tokens-as-ripple-xrp-and-axie-infinity-axs-struggling-to-catch-up