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Highlights
- Launched in 2016, Pluton (PLU) crypto is a digital Ethereum asset token that allows users to use the Plutus Tap & Pay app as a reward.
- As a payment app, which allows payment through Bitcoin or Ethereum, Pluton crypto can link it to the account through its virtual debit card.
- The PLU token was trending hot at 68.61% and was trading at US$13.01 with a trading volume of US$17,579,758 over a day.
Launched in 2016, Pluton (PLU) crypto is a digital Ethereum asset token that allows users to use the Plutus Tap & Pay app as a reward. As a payment app, which allows payment through Bitcoin or Ethereum, Pluton crypto can link it to the account through its virtual debit card.
As the world’s first decentralised loyalty rewards token, PLU crypto is not just restricted to one merchant or one transaction. Through instant transactions, the users can earn up to 8% of the rewards and other incentives, such as NFTs, etc.
On Tuesday, the PLU token was setting the crypto market on fire as it was witnessing a healthy rally on the back of a few developments and was gaining over 68% and a volume gain of over 300%.
Also read: What makes Flipside Crypto unique?
What is making Pluton rally?
Pluton is raking in significant gains mostly on the news of the rewards program, which will see users earn rewards of up to 3% on all purchases and 50 PLU tokens in their wallet for May if they sign up with the protocol.
The project also offers DEX services wherein the users can swap their cryptos for fiat currencies. The Financial Conduct Authority and in Europe (EEA) recognise that the users can track and watch their balance grow.
Also read: What is fuelling NFT Craze on Ethereum?
How is PLUTON crypto faring?
The PLU token was trending hot at 68.61% and was trading at US$13.01 with a trading volume of US$17,579,758 over a day. PLU was also gaining a lot of traction from the market participants as it was witnessing a volume gain of 331.13%, with a live market cap of US $24,086,645 and 1,852,000 PLU coins in circulation.
In the past 14 days or so, the PLU token has been on a hot trend witnessing gains of over 73%. Even in the past week or so, it has been gaining over 77%, according to CoinGecko. Recently, to garner more followers, the PLU token offered the users PLU airdrops and additional perks to its community.
While the rally has been impressive, Pluton followers will also be wary of the knee-jerk reactions the crypto markets often go through. We have often witnessed tokens breaching their all-time highs only to fall back in no time. Therefore, as a market participant, one must be wary of such sudden price changes and keep an eye on the latest developments that may result in situations such as these.
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