The market for cryptocurrencies is in a state of continuous flux and development. The appeal and market value of various digital currencies fluctuate frequently. Regularly, new cryptocurrencies emerge, offering promising returns to some investors. With 2024 on the horizon, the question on many investors’ minds is, “What is the best crypto to invest in?”. This article aims to explore and address this query.
After a tough 2022, the crypto market began to pick up again in 2023. While it’s hard to say for sure what will happen in the market, many signs point to a good year for cryptocurrencies in 2024. More big investors are getting interested in investing in cryptocurrencies. Blockchain technology, which is what cryptocurrencies use, is getting better, solving problems with speed, safety, and how well it works. More everyday people are using cryptocurrencies, and more people see them, especially Bitcoin, as a way to protect their money against inflation and economic problems.
All these things together make it look like cryptocurrencies could do well next year, possibly leading to a rise in the market. But there are also things that could cause problems, like governments putting more rules on cryptocurrencies.
Pandoshi, a newcomer in the cryptocurrency arena, is presently in its early presale phase with a token price of $0.006. The project has successfully raised over $700,000 and is targeting $1,200,000 before moving to its next presale stage, which will see an increase in token price.
The Pandoshi team is carrying out their plan very carefully and doing a great job, which is getting them a lot of compliments from crypto experts. These experts think Pandoshi could become a really popular crypto soon.
Why are people excited about Pandoshi? It’s mainly for two reasons: they’re focusing on solving actual problems people face and smart tokenomics.
Pandoshi’s ecosystem is composed of a Layer-2 Network (using Proof of Stake, a more environmentally friendly method compared to Proof of Work), along with a decentralized exchange, a non-custodial wallet, metaverse gaming experiences, educational initiatives, and crypto-compatible prepaid cards. All these components will be operated using the native token PAMBO.
The Pandoshi project has even declared that it is ahead of the initial forecasts with the development of one of the important products of the ecosystem, the non-custodial wallet. Soon, the beta version will be released, which includes all the EVM networks. It can be used as a browser extension or as an application on smartphones, both IOS and Android.
Pandoshi’s strategy in addressing real-world challenges, particularly in decentralized finance and privacy, is commendable. It’s really important to know what the PAMBO token does if you want to understand how valuable it is. One key thing to remember is that PAMBO is a utility token, which means it has a specific use, and it’s not just a meme coin.. The PAMBO token is central to Pandoshi’s ecosystem, facilitating transactions, services, NFTs, and other decentralized apps within its network. The more Pandoshi’s services are in demand, the more the PAMBO token’s demand and value are likely to increase.
The total supply of PAMBO is capped at 2 billion, with half designated for presale, limited to 1 billion tokens. The allocation includes 20% for decentralized exchange liquidity, 10% for centralized exchange liquidity, and 20% for promotional activities like airdrops and rewards.
PAMBO is designed as a deflationary token, incorporating a buy-and-burn mechanism. This system purchases the native cryptocurrency at its current market value and then permanently takes it out of circulation, thereby increasing its scarcity. Every product of the project contributes to the value of PAMBO. For instance, the project’s decentralized exchange, DEX, imposes a fee on crypto trades conducted within it. This fee is then used to buy PAMBO at market prices, after which these tokens are permanently withdrawn from circulation. This process not only makes PAMBO more scarce but also eliminates the chance of reselling the tokens that have been removed.
Pandoshi’s presale is divided into five stages. It’s currently in the third stage, with tokens priced at $0.006. In the fourth stage, the price will increase to $0.008, culminating in a final stage price of $0.01:
- 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
The project is attracting considerable interest in the cryptocurrency community, with many viewing it as significant. This growing excitement suggests that the initial public sale willbe highly successful, leading to a rapid sell-out. As a result, those who miss the first buying opportunity will turn to exchanges to purchase PAMBO following its public sale, driving up the token’s price.
Market analysts are optimistic about PAMBO’s price prospects for 2024. With its strategic tokenomics, Pandoshi appears to have a strong likelihood of experiencing a positive price movement. Taking into account the current market sentiment and the project’s development plans, experts predict that PAMBO could reach a value of $0.10 within its first year. This would represent an impressive 1000% increase from its initial price of $0.01 per token.
Launched in 2013 as an offshoot of Litecoin, Dogecoin (DOGE) is a virtual currency that drew inspiration from the humorous “doge” meme featuring a Shiba Inu dog. This meme, known for its playful captions, lent Dogecoin a distinctive and friendly appeal in the cryptocurrency world.
Oregon-based developer Billy Markus initially viewed Dogecoin as a humorous venture, thinking that a fun and whimsical digital currency might appeal more broadly than the more solemn Bitcoin. Similarly, Jackson Palmer, an employee at Adobe, recognized Dogecoin’s potential, expressing in a now-removed tweet his belief in its possible popularity.
Capitalizing on this interest, Palmer established the dogecoin.com website in response to public encouragement. Upon discovering the site, Markus reached out to Palmer, and they jointly embarked on developing Dogecoin.
The Dogecoin community has become notable for its philanthropic efforts, frequently supporting charitable causes. It has also gained popularity as a method for giving small tips to content creators on platforms like Reddit, using Dogecoin as a token of appreciation.
This generous ethos led to larger fundraising initiatives. Notably, in 2014, the Dogecoin community collected over $30,000 in Dogecoin to aid the Jamaican bobsled team in attending the Winter Olympics in Sochi. The same year saw the launch of two additional major projects: the “Doge4Water” campaign, which raised over $30,000 in Dogecoin for well-drilling in Kenya, and a fundraising effort that amassed over $50,000 in Dogecoin to sponsor NASCAR driver Josh Wise, featuring the iconic Dogecoin logo on his race car.
Elon Musk, CEO of Tesla, playfully endorsed Dogecoin on Twitter, suggesting it as a personal favorite among cryptocurrencies. In a light-hearted gesture, the Dogecoin community humorously elected him as the “CEO” of Dogecoin.
In 2020, a viral TikTok video significantly boosted Dogecoin’s value, with a user advocating for purchases of Dogecoin to push its price to $1. This campaign led to a substantial rise in its value, which more than doubled in just weeks. However, this spike was followed by a sharp decline, raising concerns about potential “pump and dump” schemes, a practice often frowned upon in traditional financial markets.
Dogecoin functions on a blockchain akin to Bitcoin’s, utilizing a Proof-of-Work system. Its network members maintain a comprehensive transaction ledger, contributing to its decentralized nature. Unique in its approach, Dogecoin adopts an inflationary model, adding up to 5 billion new coins annually to its circulation, in contrast to the deflationary models of many other cryptocurrencies. While this ensures a consistent increase in supply, it also presents challenges for its long-term valuation, particularly regarding potential depreciation.
In wrapping up our discussion on “What is the best crypto to invest in?” we’ve taken a close look at two of the hottest cryptocurrencies in the market right now: Pandoshi and Dogecoin. Each of these digital currencies has its own set of strengths and weaknesses, but when we put them side by side, Pandoshi really shines as the better option for both the project’s potential and its investment prospects.
Pandoshi is quite new in the world of cryptocurrencies. This newness is actually a big plus for investors because it means there’s a lot of room for growth. The exciting part about Pandoshi is its potential to skyrocket in value – it could possibly grow its value by 1,000 times in just the next year. This kind of growth is what makes an investment thrilling and potentially very rewarding.
On the other hand, we have Dogecoin. Dogecoin has been around for a while and has gained a lot of popularity, especially with its fun origins and the way it’s been endorsed by high-profile figures like Elon Musk. However, its growth is relatively much slower compared to what Pandoshi might achieve. While Dogecoin is more established and known in the crypto community, its potential for rapid growth doesn’t quite match up to that of Pandoshi.
So, if you’re an investor looking for a crypto that could give you a significant return on your investment, and you’re willing to take a chance on a newer project, Pandoshi seems like the more promising bet. Its fresh presence in the market and the buzz around its potential growth make it an enticing option. On the other hand, if you prefer something more established and perhaps a bit more stable, albeit with slower growth, Dogecoin might be more your speed.