If you are invested in the blockchain industry, you must know about the downward slope of the cryptocurrency marketplace. The current state of the crypto market has made many investors sceptical about investing in more blockchain tokens.
This negative state is certainly a difficult time to be an investor in cryptocurrencies. As the year is coming to an end, you must be wondering what cryptocurrency is still worth your investment.
However, Plona (PLON) token is one of the cryptocurrencies still worth investing in. Its competitions like Balancer (BAL) and Cartesi (CTSI) on the other hand might not be doing so well.
Can Plona (PLON) raise 1 Million dollars in the first week of its presale?
The trick to investing is to invest in the features of the cryptocurrency, not only the hype. Plona (PLON) is a feature-packed cryptocurrency changing the blockchain industry.
The team at Plona (PLON) is made up of blockchain experts aiming to promote fractional ownership by tokenization, giving people a method to own a fraction of the most luxurious cars in the world.
Plona (PLON) is a decentralised finance (DeFi) protocol allowing users to borrow against their physical luxury car or NFTs on the blockchain. The Plona (PLON) system encourages liquidity providers (LPs) to stake or lock up their crypto assets in a smart-contract-based liquidity pool, which only costs $0.012.
Investors in the Plona platform will be part of the world’s first fractional luxury car investment platform on the blockchain, enabling users to trade fractional non-fungible tokens (NFTs) backed by real-world cars. Cryptocurrency analysts believe Plona (PLON) token can raise $1 million in the first week of its presale, given the amount of attraction it has garnered. Plona (PLON) aims to fix 7% of tokens to liquidity management, and after passing its audit by Interfi Network, Plona (PLON) is now officially a safe investment.
Balancer (BAL) has a poor week after dropping to $4.6
Automated services are helpful to investors with busy schedules. That is why the Balancer (BAL) automates the process of users adding or creating liquidity to their trading pools. All the while, they can still customise their trading fees. As an Ethereum (ETH) blockchain token, Balancer (BAL) aims to simplify the process of users buying and selling coins by supporting distributed computer networks.
The Balancer (BAL) token is based on the decentralised finance (DeFi) ecosystem, promoting the elimination of a middleman when managing your finances. Its recent performance saw the coin drop below its price of $5.1 to as low as $4.6 this week. This sudden price drop might have worried some investors looking to purchase Balancer’s (BAL) tokens.
Cartesi (CTSI) is -6.20% from it’s all-time high.
Cartesi (CTSI), currently sitting at a market cap of over $9 million, is a utility coin acting as a blockchain operating system. As a crypto-fuel for Cartesi’s Noether high-performance sidechain, Cartsei enables developers to build decentralised logic as the first blockchain OS preserving decentralisation and security of blockchain. Investors in Cartesi (CTSI) are rewarded with CTSI coins in return for their investment and for participating in the network.
Additionally, if Cartesi (CTSI) token holders want to add data to their sidechain, they must use the coin to pay fees in the network to accomplish this. Cartesi (CTSI) has witnessed a -6.20% decrease since its all-time high back in May 2021. Its investors are still optimistic about the value returning to that state, as it currently stands at $0.1353. They might be better off looking for future investments in cryptocurrencies performing as well as Plona (PLON).
Find out more about Plona (PLON) when you visit the links below:
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.
