Polygon (MATIC), the leader in Ethereum Layer 2 scaling solutions, faces a new competitor that offers tremendous potential, utility, and long-term sustainability in 2024. Pandoshi (PAMBO) is a community-driven project with a mission to build a fully decentralized ecosystem aimed at driving the next generation of cryptocurrency adoption.
Pandoshi: The People’s Cryptocurrency
Pandoshi stands out for its ideological manifesto centered around decentralization, privacy, and financial freedom. The project aims to build an ecosystem of decentralized products, including its own blockchain, DEX, Pandosi wallet, cryptocurrency card, Metaverse, etc.
At its core, Pandoshi is a utility token (PAMBO) with use cases across its product family. PAMBO operates as a deflationary coin with a buyback and burn mechanism funded by ecosystem profits.
Pandoshi is holding a multi-stage token sale event from 2023 to 2024. The final stage of the pre-sale saw 30% of the $3.5 million hard cap raised, with PAMBO priced at a paltry $0.01. With a focus on fair distribution and community ownership, 50% of tokens will be allocated for sale.
Polygon (MATIC) fights against resistance
Polygon has made great strides with its Layer 2 scaling solution for Ethereum. However, MATIC faces strong overhead resistance after a parabolic rise in 2021. Recent price action shows that MATIC is struggling to break the $1 mark.
MATIC faces downside risk if it fails to overcome resistance near the $0.87 level. Currently, the support level around $0.72 appears to be holding, but if it breaks, it could plummet to $0.60.
In the short term, bullish indicators for MATIC also appear to be fading away. The RSI on the larger time frame remains below 60, which is typical of the coin still forming a bottom. The volume level also leaves a lot to be desired.
There is a lot of hype surrounding Polygon’s upcoming AggLayer project. Unfortunately, cross-chain interoperability solutions alone are not enough to reverse the optimism.
The bar is so high that it’s highly unlikely that AggLayer itself will generate enough revenue to increase MATIC’s $13 billion market cap. Polygon needs to run AggLayer flawlessly and quickly build a strong ecosystem around it to justify its higher valuation.
Pandoshi’s Blueprint for Hyper-Rapid Growth
Pandoshi ticks all the right boxes: strong token economics, favorable macro conditions, and a clear roadmap for aggressive ecosystem expansion, giving it enormous potential to grow exponentially in 2024.
Pandoshi’s deflationary token design solves many of the inflation problems seen in other altcoin projects. At the same time, the token sale structure’s focus on fair public distribution forgoes the predatory VC-backed trading that has diluted many other cryptocurrencies.
With bull market dynamics expected in 2024, Pandoshi could also make huge gains. The market cap is low, so there is still room to grow as hype and speculation grow.
Compared to Polygon’s market capitalization of $13 billion, Pandoshi offers higher return potential, potentially delivering more than 50x returns to early adopters.
as a result
Polygon is trying to regain its previous highs, especially as its competitors catch up on all fronts. It is unlikely that the long-awaited AggLayer launch will cause MATIC prices to rise in the near term.
Meanwhile, Pandoshi presents a new proposition: a completely decentralized ecosystem. During the upcoming bull market, returns of over 500% are possible with the strong token economics underpinning PAMBO.
Click here to participate in the Pandoshi pre-sale
For more information about Pandoshi (PAMBO), please visit the link below.
Homepage: https://pandoshi.com/
White paper: https://docs.pandoshi.com/