Dogecoin (DOGE) and Pepe (PEPE), both known as meme-based cryptocurrencies, are encountering difficulties, opening the door for the rise of a promising DeFi initiative, Pandoshi (PAMBO).
Dogecoin (DOGE)
Dogecoin, initially thrust into prominence by its meme-centric identity and high-profile support, now contends with issues that jeopardize its standing in the crypto world. According to on-chain metrics, the network is either stalling or shrinking, and Santiment’s recent findings indicate a concerning 83% decrease in developmental activities over the past month. This downturn reflects in its market value, with Dogecoin experiencing a 22% fall in its trading price over the last 30 days, settling at $0.1025. As Dogecoin navigates these challenges, investors are increasingly turning their attention to potential alternatives like Pandoshi for a potentially brighter outlook.
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Pepe (PEPE)
Similarly, Pepe, another meme-centric cryptocurrency, is witnessing a decline following the initial buzz of its introduction. The value of Pepe has significantly diminished, with a steep 33% fall in the past 30 days, bringing its current price to $0.00000168.
This downturn is attributed to a noticeable migration of active users, with Santiment reporting an 83% reduction in active addresses over the previous quarter. Moreover, there has been a noticeable decline in both the volume and count of transactions, signaling a period of struggle for Pepe as it attempts to sustain its initial surge.
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Pandoshi (PAMBO)
Pandoshi has rapidly garnered over $1.7 million in just two weeks, reflecting robust market trust in its future. The project epitomizes the foundational principles of blockchain – decentralization, privacy advocacy, and financial autonomy. It exemplifies a decentralized initiative where the community significantly influences its trajectory.
Pandoshi’s platform is enhanced by various decentralized components, including a Layer-2 network utilizing the Proof of Stake protocol, a decentralized exchange, a non-custodial wallet, immersive Metaverse gaming, and educational platforms like Pandoshi University. It also offers cryptocurrency-compatible prepaid cards, enabling users globally to efficiently manage their crypto without the need for KYC procedures.
Currently, the Pandoshi presale is structured in five stages. It is now in the third phase, pricing tokens at $0.006. As it progresses to the fourth phase, the token price is expected to increase to $0.008 and ultimately to $0.01 in the final stage, marking a pivotal achievement for Pandoshi.
In the Pandoshi ecosystem, the primary utility token is PAMBO. It’s used within the PandaChain (Layer 2 Network), in the Metaverse Game, and as a medium of exchange at Pandoshi University. PAMBO also benefits from the buy-and-burn approach adopted by PandoshiSwap (DEX) and Cardoshi (prepaid cards). Being deflationary, PAMBO is obtainable through purchase or active participation in Pandoshi’s events and activities.
The team has recently announced on Twitter their accelerated progress and the forthcoming beta launch of the Pandoshi Wallet for Android and iOS users. This advancement, amidst their active presale, signifies an important progression for Pandoshi. The upcoming wallet beta aims to initially support all EVM-compatible chains, with plans to expand to non-EVM chains later.
Pandoshi is receiving accolades for its commitment to DeFi, particularly for its open-source development and fostering a community-driven approach. This commitment is attracting a significant number of investors who value privacy and decentralization. The intention to make all its platforms open-source appeals to those seeking transparency and cooperative involvement in the crypto space.
Moreover, the introduction of the non-custodial Pandoshi Wallet, soon to be open-source on GitHub, exemplifies this commitment. This initiative allows for potential collaborative maintenance and development by both the community and the project’s developers, further cementing Pandoshi’s stance as a dedicated proponent of decentralized finance principles.
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Visit the links below for more information about Pandoshi (PAMBO):
Website: https://pandoshi.com/
Whitepaper: https://docs.pandoshi.com/
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