Crypto investors are constantly seeking out fresh opportunities. They are on the lookout for cryptocurrencies that not only have a strong community but also exhibit significant growth potential. Interestingly, many of these promising new cryptocurrencies tend to emerge during bullish market conditions, such as the one we are currently experiencing.
Two cryptocurrencies, XRP and Pandoshi (PAMBO), have recently captured the attention of investors and gained substantial traction. Both have been delivering impressive performances in the crypto market. In this article we will help you choose which crypto to buy today for short term.
In the world of cryptocurrencies, some of the best opportunities come from new ones that haven’t been around for long. If we look at the numbers, more than 94% of these new cryptocurrencies, launched through various platforms, make a big profit of over 300% on their very first day. Surprisingly, about 40% of them even skyrocket by more than 4000% on their very first day.
So, why are these new cryptocurrencies so appealing to investors? It’s because they have a lot of room to grow in a short time. They haven’t reached their full potential yet, and they don’t have a lot of coins available, which makes their prices go up and down a lot, especially in the beginning. After analyzing many new projects, we’d like to introduce you to Pandoshi, a project that stands out from the crowd.
At first glance, you might think Pandoshi is just another fun meme coin. But that’s not the case at all. In reality, Pandoshi is a complete decentralized system. Its plan, explained in a whitepaper, shows that it’s well-prepared and knows what it’s doing. What makes Pandoshi special is its strong belief in decentralization, financial privacy, and letting the community have a say in how things are done.
The Pandoshi ecosystem boasts an array of components, including a Layer-2 network that employs a more environmentally friendly Proof of Stake (PoS) system instead of the energy-intensive Proof of Work (PoW). It also features a decentralized exchange (DEX), a non-custodial wallet that prioritizes user safety, engaging metaverse games, educational programs, and reloadable cryptocurrency prepaid cards—all without the need for Know Your Customer (KYC) requirements. What’s at the core of this strong ecosystem? The native token, PAMBO, initially launched on the Ethereum blockchain.
PAMBO follows a deflationary model and implements a buy-and-burn mechanism, actively contributing to its scarcity. It benefits from every facet of the project, such as the exchange, which levies fees on cryptocurrency transactions within its platform. These fees are then employed to acquire PAMBO at prevailing market rates, thus strengthening the asset’s growth. Subsequently, the acquired PAMBO is permanently removed from circulation, enhancing its rarity and removing downward selling pressure.
This distinctive approach to the ecosystem’s tokenomics positions PAMBO for potential growth that mirrors the success stories of renowned meme coins. The token enters the market with a modest market cap, allowing ample room for substantial expansion. Moreover, the buy-and-burn mechanism will continue to increase its scarcity over time, potentially augmenting its value.
Pandoshi’s innovative ecosystem, propelled by the deflationary nature of PAMBO, offers an intriguing investment opportunity. By understanding its tokenomics and the dynamics of its growing ecosystem, investors can consider Pandoshi as a unique player in the crypto space, distinct from traditional meme coins.
Currently, Pandoshi is in the presale phase, during which the project’s cryptocurrency is sold at a lower price than its market launch price. The presale is divided into 5 phases, and with each phase, the selling price increases. The phases are structured as follows:
- Phase 1: $0.002 per token
- Phase 2: $0.004 per token
- Phase 3: $0.006 per token
- Phase 4: $0.008 per token
- Final Phase: $0.01 per token
Notably, within just two weeks of its launch, Pandoshi’s presale has already seen incredible success, with the project selling over $1.7 million worth of tokens. This rapid adoption has attracted a significant number of investors and even whales, further highlighting the strong interest in the project.
Following the conclusion of the public presale of PAMBO, the token is poised to enter the trading arena. It will initially become available on popular decentralized exchanges (DEXs) like Uniswap, with subsequent listings on centralized exchanges (CEXs) such as Binance and Coinbase. This upcoming expansion to multiple crypto exchanges is foreseen to drive the price of the PAMBO token upward, as fresh investors are drawn to the excitement, securing the token at its public price of $0.01.
XRP is a cryptocurrency that operates on the XRP Ledger, a blockchain developed by Jed McCaleb, Arthur Britto, and David Schwartz. It’s noteworthy that McCaleb and Britto later founded Ripple, utilizing XRP for facilitating transactions within the network. XRP serves multiple purposes, including being an investment asset, a means for exchanging other cryptocurrencies, and a method for financing transactions on the Ripple network.
The XRP blockchain distinguishes itself from most other cryptocurrencies due to its unique operational structure. While many cryptocurrencies rely on allowing anyone with the ability to solve complex equations quickly to participate in transaction validation, XRP’s Ripple network takes a somewhat centralized approach.
Although its validation software is open to anyone for download, it maintains a concept called “unique node lists.” Users can select these lists to verify their transactions, choosing participants they consider the least likely to engage in fraudulent activities.
The default list consists of 35 trusted validators, with Ripple overseeing the approval of validators for this list, including six of its own validation nodes. Importantly, users have the option to opt out of this default list, allowing them to construct their lists of trusted validators. This flexibility enables the network to continue processing transactions independently, even without Ripple’s direct involvement or continued existence.
In the Ripple network, validators continually update their ledgers every three to five seconds and cross-verify them with one another. If any discrepancies arise, they pause to rectify the issues. This approach ensures the secure and efficient validation of transactions, providing XRP with a competitive advantage over other cryptocurrencies like Bitcoin. While Bitcoin transactions may require several minutes or even hours for confirmation and often entail high transaction costs, XRP transactions achieve confirmation in approximately four to five seconds, at a significantly lower cost.
The current XRP price is $0.621146 USD, which is -81.70% lower than its all-time high price. With a 24-hour trading volume of $1,687,303,142 USD, XRP has seen a 0.53% decrease in the last 24 hours. Our real-time XRP to USD price ensures you have the most up-to-date information.
However, Ripple comes with some significant drawbacks. One of the most prominent is its high level of centralization, which stands in contrast to the decentralized philosophy that underpins the broader cryptocurrency movement. While cryptocurrencies were initially created to reduce the influence of major banks and governments, Ripple’s system goes against this principle.
In the case of XRP, Ripple Labs wields significant control over its supply. Unlike many other cryptocurrencies that rely on a gradual mining process to release coins over time, Ripple Labs has the authority to determine when and how many XRP tokens are released into the market. This centralized control gives Ripple Labs a considerable degree of influence over the value of XRP. They can strategically time the release of tokens to align with market conditions, potentially impacting XRP’s price and market dynamics.
This centralization raises concerns among some cryptocurrency enthusiasts who value decentralization as a core principle. It highlights a key difference between Ripple and other cryptocurrencies and may be seen as a potential disadvantage by those who prioritize decentralization and community governance in the crypto space.