This year in the cryptocurrency world has been full of ups and downs. Some people have lost hope that the blockchain industry will be able to recover from its current state. Many prevalent cryptocurrencies, such as KuCoin (KCS) and Decentraland (MANA), which started strong, are now following a downward trend.
However, there is much debate amongst blockchain and cryptocurrency experts about whether or not the market will rebound. A group of blockchain professionals and car enthusiasts are thrilled to present a new cryptocurrency called Plona (PLON). With the current Crypto market volatility, many people are looking for refuge in more substantial investments like Bitcoin and Ethereum. However, analysts believe there is still much potential for growth in the altcoin market.
Why are Investors of KuCoin losing patience?
The KuCoin (KCS) token is the native currency for the KuCoin exchange, which runs on the Ethereum blockchain. One of its significant benefits is a great rewards system that allows users to earn a passive income simply by holding more than 6 KCS tokens. Users in this category earn a share of the profits equal to 50% of KuCoin’s daily trading fees. With significant discount incentives for users, KuCoin (KCS) became an attractive option for many traders.
However, KuCoin’s (KCS) recent performance has not shown much promise. Investors are looking to other companies for potential returns with more red days than green recently and mostly negative price predictions.
Decentraland (MANA) has potential, but it still needs to improve
With Decentraland (MANA), users can turn their fantasies into reality. Using the Ethereum blockchain, users can buy plots of land as NFTs, build structures on them, and sell access using Decentraland (MANA).
Decentraland (MANA) was met with high interest from investors and a decent price point when it launched in 2017 at $0.02. However, Decentraland’s value dived last year, falling 9.14%. After reaching a peak value of $3.48 in February, the coin has dropped dramatically to its current value of $0.658, worrying its investors incredibly.
Plona has the potential to revolutionise how we use cryptocurrency
If you love luxury cars, the Plona token (PLON) is perfect for you. The team at Plona shares your passion and fascination for these types of automobiles. They are a group of blockchain experts who believe in fractional ownership and promoting it through the tokenisation of luxury cars. Investing $29 in Plona (PLON) will allow you to own fractions of various luxury cars scattered around the world. PLON is the native coin for the Plona platform. Plona’s NFT tokens, minted and backed by physical cars, have been deemed a safe investment by blockchain and crypto experts.
Furthermore, Plona (PLON) token holders will receive a 2.5% transaction fee for all network transactions. Also, the Plona platform burns a percentage of each PLON with every transaction, which keeps them scarce and valuable, meaning that by holding onto your tokens in your wallet over time, you can earn more money.
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