By the looks of it, meme coin season might be coming to an end in the blockchain industry. Popular meme coins like Dogecoin (DOGE) and even Shiba Inu (SHIB) are not looking as sharp as they typically do. This poor performance has made new cryptocurrencies like Plona (PLON) stand out. Plona (PLON) is now the new sought-after cryptocurrency in the marketplace. Keep reading to find out what analysts and investors had to say about this feature-packed crypto.
This week leaves Ripple (XRP) trailing in the marketplace.
Ripple (XRP) was created by the US-based technology company Ripple Labs Inc. to be a real-time gross settlement system. Ripple (XRP) is more affordable, scalable, and faster than other competing cryptocurrencies in the blockchain industry.
As a leading global payments network with some of the biggest banks and financial services providers as its customers, Ripple (XRP) is known as the King of Banking. Given Ripple (XRP) utilises a network of variations rather than a blockchain, the coin has started deflating. Ripple (XRP) Ripple (XRP) prices are down by 9.37%, with a current market cap of just over $16.5 billion.
Shiba Inu's (SHIB) surprising dip in form leaves investors worried.
Created in August 2022, Shiba Inu (SHIB) is a decentralised cryptocurrency founded by an unknown anonymous person or group known as "Ryoshi". Shiba Inu (SHIB) is a meme coin similar to the likes of Dogecoin and named after the same Japanese breed of hunting dog. The Shiba Inu (SHIB) platform runs on the Ethereum (ETH) blockchain and trades for just fractions of a penny.
Unlike most other cryptocurrencies in the marketplace that are designed to be scarce, Ryoshi designed Shiba Inu (SHIB) to be abundant and locked 50% of the tokens in Uniswap for liquidity purposes. Shiba Inu (SHIB) is down by 5.50%. Investors in the platform are probably uncustomed to seeing Shiba Inu (SHIB) perform poorly and will hope that this won't become a regular occurrence.
Plona (PLON) token holders can receive a 3,000% return on investment.
The NFT project Plona (PLON), built on Ethereum, is all the rage this season. Plona (PLON), a platform built on the decentralised blockchain, advocates fractional ownership of luxury vehicles. The platform will allow people to own some of the world's most exotic cars for $29. The team at Plona (PLON) will also partner with luxury car dealers to provide Plona (PLON) token holders with exclusive events and networks, enabling them to get discounts on vehicle purchases and rentals.
The team at Plona (PLON) are very dedicated to the platform's success and will donate 2% tokens to a charity chosen by the community. Additionally, after undergoing and passing its audit, the platform will lock up liquidity for five years to further prove its commitment to the community. Interfi Network, a highly respected auditing firm in the blockchain industry, carried out Plona (PLON) audit, and now the cryptocurrency is considered a safe investment. Cryptocurrency analysts have estimated investors in the platform can expect a 3,000% return on their investment by January.
For more information about Plona (PLONA), visit the link below:
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