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The post Filecoin (FIL) and Polygon (MATIC) Plummets While Plona (PLON) Launches Stage One Presale in the Crypto Market appeared first on Coinpedia Fintech News
This year the crypto market has witnessed several ups and downs. Many have speculated that the blockchain industry will not recover from its current downward slope. Cryptocurrencies like Filecoin (FIL) and Polygon Network (MATIC), which started strong, are now on a downward trend.
However, blockchain and cryptocurrency experts have debated on the matter, having strong beliefs that the market will go up once again. With so much uncertainty about the state of the cryptocurrency market, a team of blockchain experts and car enthusiasts are excited to announce a brand new coin called Plona (PLON).
The Fall of Filecoin
When Filecoin (FIL) launched, there was a wave of hype surrounding it. Filecoin (FIL) was a decentralised peer-to-peer network that allowed for file storage. Users could use FIL tokens as payment for services enabling them to store, retrieve, and host digital information. Filecoin (FIL) garnered many investors who wanted to ensure their digital information was stored securely over time. Competing with the likes of Dropbox and Google Drive, Filecoin (FIL) is a cloud storage blockchain that is cheaper and more secure.
After reaching an all-time high in September 2021, and receiving a £103.79 market price valuation, Fielcoin (FIL) has been on a downward trajectory. Filecoin (FIL) went from a £30.76 price tag on the 1st of January this year to £4.65 by the 14th of July. Currently, one Filcoin (FIL) is worth £5.10.
Is it Over for Polygon Network?
Polygon Network (MATIC)is a Web3 cryptocurrency that aims to bring awareness to decentralised finance (DeFi). Blockchain expert developers built Polygon for other developers and wanted to combine the best of Ethereum and sovereign blockchains into a full-fledged multi-chain system.
Boasting a large user base, Ethereum (ETH) apps, and play-to-earn games, Polygon looked as strong as any cryptocurrency in the blockchain industry. Launched in 2012, Polygon (MATIC) had the means to rival even Bitcoin (BIT). However, after a poor start to the year, losing about 72% value in the crypto marketplace, going from £2.21 market value to £0.61, its zeal has slowly started to fade.
Plona Can Change the Crypto Marketplace
If you are fascinated with exotic cars, this is the coin for you. The creators at Plona (PLON) share the same fascination as you. They are a team of blockchain experts promoting fractional ownership by tokenisation of luxury automobiles. To own fractions of various luxury cars across the globe, you need to invest $29 in Plona (PLON), the Plona (PLON) platform’s native coin. Investors will receive minted NFT tokens backed by physical cars secured by a specialist unit. This feature has deemed Plona a safe investment by blockchain and crypto experts.
Plona token holders can also benefit from a 2.5% transaction fee on all network transactions. Additionally, given that the Plona platform burns a percentage of Plona (PLON) with every transaction, Plona tokens will remain scarce, meaning the longer you hold onto your Plona (PLON) tokens in your wallet, the more you can earn. Currently, one Plona (PLON) token costs $0.012. However, this price might go up as interest in this coin rises. You can expect the Plona (PLON) token’s round one presale in the coming weeks. Crypto experts expect a 1,500% gain before its round presale ends.
You can learn more about Plona through the following links:
Presale: https://buy.plona.io
Website: https://plona.io
Twitter: https://twitter.com/plonatoken
Telegram: https://t.me/plonatoken
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