Plona (PLON) Sells 140 Million Tokens While Stellar Lumen (XLM) and Chainlink (LINK) Continue to Struggle

The post Plona (PLON) Sells 140 Million Tokens While Stellar Lumen (XLM) and Chainlink (LINK) Continue to Struggle appeared first on Coinpedia Fintech News

There might be much to look forward to as we close in on 2022, the year we witnessed several unpredictable changes amongst crypto market competitors in the blockchain industry. Despite having strong starts, cryptocurrencies like Chainlink (LINK) and Stellar Lumen (XLM) are currently declining. 

However, there isn’t much need for concern, as blockchain and cryptocurrency experts have concluded that the market will rebound by next year. Amid so much obscurity around the state of the cryptocurrency market, a group of stand-out blockchain professionals and car enthusiasts recently introduced a brand-new coin called Plona (PLON).

Will the new Chainlink (LINK) update be beneficial?

Chainlink (LINK) recently found its way to the news for releasing its latest update, the Chainlink node software version 1.9.0. With this version, Oracle jobs would be more capable and flexible while facilitating node management.

This development appeared to be quite favourable for Chainlink (LINK). However, Chainlink (LINK) still saw a decrease of more than -5% during the past week, as the update had little to no effect on the coin’s chart, according to CoinMarketCap. Although Chainlink (LINK) may have expected a different result, the latest update is still one to be optimistic about, as we might see it gain back momentum at any time. 

Does Stellar Lumen (XLM) still stand a chance in the blockchain industry after a -57% YTD decline?

Stellar Lumen (XLM), or Stellar, is a decentralised protocol that enables cross-border transactions between any given currency in the blockchain. Given its open-source nature, Stella (XLM) allows low-cost transfers from digital currency to fiat. 

Given the virtual coin’s capacity for price growth, it is simple to see why traders could choose Stellar for their long-term trading strategy. That being said, Stella Lumens (XLM) saw a -5.90 decrease over the week and an over -57%year-to-date (YTD) drop. Investors in Stellar (XLM) will keep a close eye on the coin as they might look for alternative tokens to purchase during its downward state. 

Analysts Predict Plona (PLON) platform to sell 140 million tokens in presale. 

If exotic vehicles pique your interest, then you are in luck because of the recent arrival of a cryptocurrency named Plona (PLON). PLON is a cryptocurrency backed by professionals who advocate for fractional ownership of luxury vehicles through tokenisation. Plona has many eye-catching opportunities for investors, one of which can be found by spending $29 on Plona (PLON), which will allow you to own a portion of various luxury cars located across the world. 

It is in Plona’s (PLON) interest to help the community in any way. Plona (PLON) is giving back to the community by donating 2% of its tokens to charity, while 32% of Plona (PLON) tokens will go toward its presale phases, and 14% will go into its marketing field. As its phase one presale is undergoing, Plona (PLON) tokens are selling rapidly. Crypto enthusiasts expect all 140 million tokens will be purchased by the end of its presale. If Plona (PLON) sounds like the token for you, consider purchasing it now before it is too late.  

Follow Plona (PLON) using the following links to discover more: 

Presale: https://buy.plona.io

Website: https://plona.io

Twitter: https://twitter.com/plonatoken

Telegram: https://t.me/plonatoken

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