​​After Industry Favourite Plona (PLON) Raises $500,0000, Algorand (ALGO) and Chain (XCN) Will Try to Compete


Why should you invest in the blockchain industry? Since Bitcoin (BIT) launched in 2009, various cryptocurrencies have come to life, offering productive features that have made the lives of traders easier. Plona (PLON) is one of those cryptocurrencies that offer abundant features and streamline how people manage their finances.

Algorand (ALGO) is fighting for a comeback. 

Algorand (ALGO) is one of the few leading blockchain platforms aspiring to expand the possible use cases for cryptocurrency. The platform was designed to function as a major payment processor by accelerating transaction speeds and reducing the time it takes transactions to complete on its network. 

The Algorand (ALGO) platform enables users to create smart contracts and uses a consensus mechanism it calls pure proof-of-stake (PoS). With a native coin that secures the platform and rewards the ecosystem’s governors, Algorand (ALGO) is currently valued at $2.2 billion. However, Algorand (ALGO) is down by nearly 6% after last week. 

Chain (XCN) falls even further in the crypto market.

Chain (XCN) is a governance and utility token for the Chain Protocol launched in 2014. The platform provides various case-use applications for Chain token (XCN) holders to utilise. Additionally, outside of voting on the Chain (XCN) Protocol, users can also stake XCN to secure the protocol and earn rewards.

Furthermore, the platform was designed to offer a range of products and provide for Web3. Chain (XCN) products are more accessible to launch and run a blockchain network. The platform saw $14 million worth of Chain tokens (XCN) traded for $0.05838 in the last 24 hours. Chain (XCN) is down nearly 13%, and its investors are starting to worry. 

Why is everyone talking about Plona (PLON)? 

What is Plona (PLON)? Plona (PLON) is an Ethereum-based non-fungible token (NFT) collection developed by a group of professional blockchain specialists, leading the way for fractional ownership by tokenisation of luxury cars. This method allows investors in the cryptocurrency market to own a portion of their favourite luxury and exotic automobiles.

Plona (PLON) phase one presale has begun, and now investors can purchase one Plona (PLON) token for $0.012, and for $29, they can purchase a fraction of some of the most exotic cars worldwide. 

Investors in Plona (PLON) will receive parallel-backed minted NFTs championed by premium cars in the real world. These cars are insured and kept in a safe unit for each investment. Cryptocurrency experts believe the Plona (PLON) token can beat Algorand (ALGO) and Chain (XCN) in the coming years, predicting a 3,000% gain by the end of January alone. The platform aim to raise $500 thousand in the second week of its presale. 

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