Which Crypto Will Benefit from the Approval of the Bitcoin ETF?

December 2023 has kicked off on a high note for Bitcoin (BTC) and the wider cryptocurrency sector, maintaining the upward momentum seen in the latter part of November and bolstering expectations for BTC’s continued growth.

2024 is set to be a pivotal year for BTC due to the halving event, which will reduce miner rewards by half, thereby increasing BTC’s scarcity and potentially driving up its value. Considering these factors, it might be an opportune time to invest in Bitcoin.

This positive forecast for the premier cryptocurrency has sparked heightened interest in associated crypto ventures. Among these emerging projects is Pandoshi, a new initiative in the crypto space. Pandoshi is gaining attention for its potential to deliver substantial returns once it officially enters the market, riding on the wave of enthusiasm surrounding BTC’s growth prospects.

Bitcoin’s Recent Uptrend (BTC)

Bitcoin has witnessed a notable surge recently, breaking past the $41,000 mark for the first time this year. At 10:45 AM time on Monday, it reached $41,700, marking a 4.6% increase over the last 24 hours and a 12.7% rise over the past week, as per the latest data.

This positive momentum is linked to growing expectations surrounding the potential conversion of the Grayscale Bitcoin Trust into an ETF. Meetings between officials from the U.S. Securities and Exchange Commission and representatives from Grayscale, BlackRock, and Nasdaq have bolstered market confidence about the possible approval of a Bitcoin ETF.

Additionally, market dynamics have been influenced by perspectives on interest rates, particularly the speculation that the U.S. Federal Reserve may have concluded its rate hikes.

However, Federal Reserve Chairman Jerome Powell has stated that it would be premature to confidently conclude the direction of policy. He emphasized the Fed’s readiness to implement further restrictive measures if necessary, despite the fact that actions already taken have moved the benchmark rate into restrictive territory.

While there are still clear limitations regarding issues like BTC adoption, the growth of this cryptocurrency is noteworthy. With the halving expected in 2024, BTC could once again offer significant profit margins for users who choose to invest in this leading crypto.

During a bull run, when the crypto markets are thriving, a common question that often arises is, “What is the best crypto to invest in?” In this article, we aim to help you find an answer to that important question.

However, as previously mentioned, it’s important to remember that there are other alternative projects that can offer substantial profits. During a bull run, new crypto projects statistically tend to offer greater rewards compared to those launched in a bear market. The best strategy for a bull market is to invest in new tokens that have limited liquidity but a significantly higher growth potential than existing coins. One such project is Pandoshi, a crypto presale that will be reviewed in the following paragraphs.

Pandoshi (PAMBO)

Pandoshi stands as a decentralized finance (DeFi) ecosystem, offering a range of tools aimed at enhancing user engagement in the blockchain environment. Its focus extends beyond mere financial transactions, emphasizing the creation of a community-centric platform that values decentralization, privacy, and user empowerment.

The Pandoshi ecosystem encompasses a variety of features, including a Layer-2 Network based on Proof of Stake, which represents a greener alternative to Proof of Work, a decentralized exchange, a non-custodial wallet, immersive metaverse games, educational programs, and crypto-compatible prepaid cards. At the heart of this ecosystem is the native token PAMBO, which was initially introduced on the Ethereum (ETH) blockchain.

PAMBO, the native cryptocurrency of Pandoshi, features a deflationary model with a unique buy-and-burn mechanism. This system purchases PAMBO tokens at the prevailing market rate and then permanently removes them from circulation, thereby increasing their scarcity.

Each component of the Pandoshi project contributes to this process. For instance, the decentralized exchange within the ecosystem imposes a transaction fee on crypto trades. These collected fees are utilized to purchase PAMBO tokens at market value. Once acquired, these tokens are then taken out of circulation, enhancing their rarity and eliminating the potential for these specific tokens to be sold again, thus reducing sell pressure on the market.

One of the most anticipated features of Pandoshi is the early release of their non-custodial wallet, PandoshiWallet, which is set to launch sooner than initially planned in their roadmap. The beta version of this wallet is on the horizon, promising support for all EVM chains.

Designed for versatility and ease of use, Pandoshi Wallet will be available both as a browser extension and as a mobile application for iOS and Android devices. Additionally, support for non-EVM chains is expected to be included in the subsequent update following the beta release.

Pandoshi is currently in Phase 3 of its presale phase, during which the project’s cryptocurrency is being offered at a lower price than its anticipated market launch price. The presale is divided into five stages, with the price of the token increasing in each subsequent phase. The pricing structure for the presale stages is 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

Upon the conclusion of the presale, Pandoshi’s cryptocurrency will initially be introduced to well-known decentralized exchanges like Uniswap, followed by listings on centralized exchanges such as Binance, Coinbase and OKX. This strategy is expected to generate significant upward price pressure, particularly benefiting those who invested during the early stages of the presale.

Market analysts suggest that 2024 is poised to be a breakthrough year for Pandoshi, with the project gaining notable attention from both the media and investors. This heightened interest could result in a significant surge in value after its presale. It is anticipated that the price of the Pandoshi token might reach as high as $0.08, positioning it as a cryptocurrency to keep an eye on.

This price prediction is grounded in two key aspects: the practical usefulness of the Pandoshi platform and the substantial interest it has already attracted within the cryptocurrency community.

In conclusion, the current bullish trend in Bitcoin and the ongoing applications for Bitcoin ETFs signal a promising phase for the cryptocurrency market. This period presents an ideal opportunity for investments in emerging projects with substantial growth potential.

Based on the available data, there is a strong expectation that a Bitcoin ETF will receive approval by January. Once this occurs, the market is poised to reach new all-time highs. Investing in a project like Pandoshi during this optimistic market climate could potentially yield returns as high as 1000x on the initial investment, making it an opportune moment for strategic financial decisions in the crypto space.

Pandoshi is currently hosting a giveaway to strengthen its community engagement. The giveaway features a total prize pool of $100,000, set to be divided among 10 lucky members of their community. To be eligible for the giveaway, participants are required to engage in straightforward activities like following Pandoshi’s official accounts on Twitter, Telegram, and Discord. Detailed information on participation and the giveaway rules can be found on Pandoshi’s official website.


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