The SHIB Nosedives
Once the go-to crypto asset, SHIB had a spectacular surge with staggering gains upon listing on major exchanges, offering investors millions in profits. However, in 2024, Shiba Inu experienced a dramatic downturn, dropping over 80% from its peak in 2023. This has disappointed investors who are now trying to cut their losses. As a result, many SHIB holders are now searching for more stable alternatives, leading to a surge in interest in Pandoshi (PAMBO).
The DOGE Rollercoaster
Dogecoin (DOGE) recently experienced a sudden surge of 10% after a long period of decline. This surge was driven by the hype surrounding the creation of an account for a planned payment feature in Elon Musk’s ‘X’ app (formerly known as Twitter). The ‘X’ app is reportedly planning to use Dogecoin for universal payments. However, DOGE has since fallen by 4%, indicating that the hype may have been short-lived. There have also been large liquidations of DOGE, with approximately $2.6 million worth of DOGE liquidated in the past 24 hours alone. This has caused investors to look for better crypto investment options.
Pandoshi (PAMBO) Picks Up Steam
Amidst the vibrant crypto space, a new player has emerged: Pandoshi (PAMBO). Unlike Shiba Inu, which relied on celebrity backing and hype, Pandoshi takes a community-driven approach focused on value addition and user participation. It offers attractive incentives for long-term holders and has a strategically defined roadmap. Pandoshi operates on a Layer-2 network using the Proof of Stake protocol, making it a greener alternative to the traditional Proof of Work method. Its ecosystem includes a decentralized exchange, a secure and non-custodial wallet, Metaverse games, educational platforms, and prepaid cards compatible with cryptocurrencies. The primary utility token, PAMBO, was initially launched on the Ethereum blockchain. Pandoshi’s tokenomics plan to eventually burn 80% of the total token supply, which could have a long-term impact on token demand. The successful presale of PAMBO demonstrates the crypto community’s belief in the project’s potential.
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Analyst comment
The news can be evaluated as negative for SHIB, as it has experienced a significant decline and disappointed investors are seeking more stable alternatives. The news about DOGE is also negative, as the hype surrounding it appears to be short-lived and investors are looking for better options. On the other hand, the news about Pandoshi (PAMBO) is presented as positive, highlighting its unique features, strong tokenomics, and potential to replace SHIB and DOGE at the top. It is predicted that Pandoshi will thrive in the market.
