Shiba Inu dominated the cryptocurrency market in 2021 thanks to its meme-inspired appeal and strong community. As we head into another bull cycle, a new player called Pandoshi (PAMBO) has emerged as a possible competitor, bringing development to decentralized finance (DeFi).
Pandoshi: The Rising DeFi Star
Built on a Layer 2 network powered by Proof of Stake, Pandoshi offers privacy and decentralization alongside real-world utility. Its ecosystem encompasses a decentralized exchange, Metaverse gaming, educational initiatives, and crypto debit cards with no KYC requirements.
At the heart of this ecosystem is the PAMBO token, engineered to increase scarcity over time through a buy-and-burn mechanism. Of the 2 billion token supply, 1 billion is allocated to public presales, with the price rising incrementally through each phase. 20% goes towards providing liquidity on DEXs, while 10% is reserved for major centralized exchanges like Binance and Coinbase.
This careful distribution and burning strategy is designed to benefit long-term holders as demand escalates. Pandoshi has already raised over $1.9 million, demonstrating strong faith in its roadmap. With mainnet launch anticipated later in 2024, analysts foresee tremendous growth potential for PAMBO.
Shiba Inu: The Top Memecoin Contender
Shiba Inu, a pioneer in the meme-token arena, has established itself as the top dog. Its recent introduction of Shibarium, a Layer 2 scaling solution, and proposal for token burning are intended to drive growth. Shiba Inu is also supported by a thriving community known as the Shib-Army.
However, high inflation remains a concern, with over 549 trillion tokens currently circulating. While additional burning mechanisms may help, this massive supply could limit potential gains. Shiba Inu is also predominantly a payments-focused token rather than a broader DeFi ecosystem.
Amid the current decline trend in the larger market, the second largest memecoin, Shiba Inu (SHIB), had a significant fall from the $0.00001191 resistance level established in mid-December. Within a month, the Shiba Inu coin price fell 19%, trading at $0.00000986, close to the 50% FIB barrier. A healthy retracement, according to the FIB tool, shows that the Shiba Inu can rebound and continue its previous recovery.
Click Here To Buy PAMBO Tokens
PAMBO Price Prediction 2024: Up To 20x Growth Expected
Given Pandoshi’s strong community backing and real-world utility spanning gaming, crypto cards, and education, analysts anticipate robust demand for PAMBO post-presale. The buy-and-burn dynamics are also expected to constrain supply below 1 billion by 2025.
As scarcity takes effect, analysts predict PAMBO could reach $0.10 by end-2024, representing a 1000% increase from the listing price. This equals nearly 20x growth within a year, significantly outpacing SHIB’s expectations.
The Earlier Bird Catches the Worm
While both projects hold promise, Pandoshi brings fresh innovation with its all-encompassing DeFi ecosystem. Strong tokenomics and community growth set the stage for PAMBO to deliver outsized returns compared to Shiba Inu by the end of 2024.
But with presale prices rising incrementally, the window of opportunity won’t last forever. Crypto investors would do well to acquire their PAMBO tokens early before they sell out.
Click Here To Buy PAMBO Tokens
Visit the links below for more information about Pandoshi (PAMBO):
Website: https://pandoshi.com/
Whitepaper: https://docs.pandoshi.com/
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
