The blockchain industry is constantly changing, so understandably, people might feel sceptical about investing in the crypto market. With the market crash that is currently going on, affecting cryptocurrencies such as Near Protocol (NEAR) and Ripple (XRP), people have only grown more sceptical. However, the newly launched Plona (PLON) can change this.
What is the future of Near Protocol (NEAR)?
Near Protocol (NEAR), a layer one blockchain network, is a decentralised application (dApp) platform that provides developers with a user-friendly system to build decentralised applications. Given that Ethereum (ETH) is the most successful layer one blockchain, Near Protocol (NEAR) strives to compete and overthrow it.
As a smart contract-capable proof-of-stake (PoS) blockchain, Near Protocol (NEAR) incorporates features like human-readable account names as opposed to only cryptographic wallet addresses. In the past seven days, Near Protocol (NEAR) has dropped by almost 15%. For $2.96, this might be an expensive purchase for new-time investors who might want to consider investing in other cryptocurrencies.
Investors are worried about Ripple’s (XRP) 11.12% dip
Ripple (XRP) is a payment settlement system developed to serve the requirements of financial services industries, designed to be a money transfer network. Created by the US technology company Ripple Labs Inc., Ripple (XPR) quickly confirms exchanges and transfers, making it a trusted network between two parties when they make transactions.
As a real-time gross settlement system, Ripple (XRP) works as a platform essentially to replace the leading money-transfer network SWIFT. Currently, Ripple’s (XRP) price has dropped by 11.12% this week and is not looking very reliable for investors. However, Plona (PLON) is only rising.
Plona (PLON) is at the edge of taking over the crypto marketing
Plona (PLON) is a next-generation cryptocurrency garnering interest from car investors in the crypto market. Plona (PLON) is a platform that allows users to own fractions of luxury cars. By investing $29 into the Plona (PLON), users can own a percentage of various exclusive and exotic cars from all over the world, including Ferraris, Lamborghinis, Bugattis, Porsches, and McLarens.
With Plona’s lending facility that allows users to borrow against their exotic physical car or non-fungible tokens (NFTs) on the blockchain, car enthusiasts are snatching the 140 million tokens available during its round one presale. Plona (PLON) will donate 2% of all its one billion tokens revenue to charity. This seems to be a winner and wins our top pick of October for the best investment.
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