The historic approval of the first cryptocurrency spot ETFs in America has paved the way for other tokenized assets. Most crypto assets have already experienced spiking volatility as trading for the 11 spot Bitcoin ETFs culminates on January 11, 2024. However, the crypto bull case will be stronger than it was in 2021 if experts are to believe that more deep liquidity players get involved here before April halving. One of the issues likely to follow up on its heels during this ETF approval process, represented by Pandoshi’s native token, PAMBO itself, will be an attractive prospect for 2024 investment.
Spot ETF Approvals Drive Bitcoin’s Surge
Bitcoin shot past $49,000 Friday as nearly a dozen approved spot exchange-traded funds began to hold the crypto. The SEC approved the listings but warned investors of Bitcoin’s volatility and application to criminal financing. Instead, the approval of ETFs eliminates obstacles to mainstream crypto participation. Under sufficient demand conditions, crypto purchases to support each ETF can lift the aggregate market prices.
The news has made it possible for Nigel Green of deVere Group to expect that Bitcoin would increase by around $60,00 by March. Bitcoin spot ETFs provide exposure without direct possession of the crypto asset. The issue was considered by the SEC for almost ten years. Now, the green light is triggering something positive, leading to more widespread acceptance.
The Rise of Pandoshi (PAMBO)
Pandoshi (PAMBO) has quickly become an attractive investment option for those looking for substantial returns. While it may first appear as just another meme coin, Pandoshi stands out with its comprehensive ecosystem, enhancing both the value and scarcity of its primary token, PAMBO.
Pandoshi functions on a Layer-2 Network utilizing the Proof of Stake protocol, positioning it as a greener choice compared to the traditional Proof of Work models. The platform is rich in features, including a decentralized exchange, the secure, user-managed Pandoshi Wallet, engaging metaverse experiences, educational resources, and crypto-compatible prepaid cards.
The PAMBO token is central to this ecosystem, playing a key role in transactions within the PandaChain, the Metaverse Game, and Pandoshi University. Its value is strategically boosted by a buy-and-burn mechanism employed by PandoshiSwap and Cardoshi, vital components of the ecosystem.
PAMBO adopts a deflationary approach where tokens are acquired at market prices and then withdrawn from circulation, thus enhancing their scarcity and potential value.
Pandoshi recently made strides in the development of an essential element of their ecosystem, the non-custodial wallet. A beta version compatible with all EVM networks is in the works, set to be available as a browser extension and a mobile application for iOS and Android devices.
In addition, Pandoshi is organizing a giveaway for early supporters, which includes exclusive project NFTs and a $100,000 prize shared among ten participants. Engagement in their official channels on Twitter, Telegram, and Discord could qualify one for these incentives.
Pandoshi is currently in the third stage of its public presale, pricing its token at $0.006. The presale is divided into five stages, with the token price set to rise in each subsequent phase, culminating at $0.01 in the final phase.
Following the presale, Pandoshi’s cryptocurrency is planned for listing on major decentralized exchanges like Uniswap and will eventually debut on centralized exchanges, including Binance and Coinbase.
The spot ETF approvals for Bitcoin and the anticipated, soon-to-come Ethereum listings mark a watershed development. In recent years, investors have finally been granted vehicle access to enter the markets easily. Similarly, Pandoshi seeks to build a decentralized product ecosystem with effective interoperability. If demand becomes sufficient, prices could continue surging well into 2024. The Network, DEX, and Wallet are integral to DeFi functionality. With large investor interests, PAMBO also represents the trend of a broader adoption wave that is taking place.
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