The cryptocurrency market has recently shown excitement over two potential breakout coins ahead of the 2024 bull run—the established Dogecoin (DOGE) and the newcomer Pandoshi (PAMBO). With Dogecoin’s years of name recognition and Pandoshi’s impressive features, experts are analyzing which one has greater upside potential.
Dogecoin: The Original Meme Coin
Dogecoin debuted in 2013 as a lighthearted cryptocurrency featuring the popular Shiba Inu “Doge” meme. What began as a joke became one of the largest cryptocurrencies by market capitalization, cementing Dogecoin as the original meme coin.Â
Currently, Dogecoin is ranked #10 with a market cap of $11.5 billion. Its price has recently recovered to $0.08 after threatening to fall below $0.075. Trading volume has also spiked to $266 million, reflecting heightened investor interest.
Experts note that if Dogecoin can maintain prices over $0.095, it could rally to $0.10 in the short term and possibly $0.50 in the future. Support currently lies around $0.073, with stronger support at $0.072.Â
Pandoshi: The Next-Generation Meme Coin
Unlike Dogecoin, Pandoshi (PAMBO) is still in its infancy and on the verge of concluding a successful public presale. However, Pandoshi has already delivered functional products rarely seen in cryptocurrency projects at this stage.
For example, Pandoshi recently launched its Pandoshi Wallet for Android, with an iOS version imminent. The wallet provides users with an easy way to store and transact PAMBO tokens as Pandoshi gears up for exchange listings.
Additionally, PandoshiSwap, Pandoshi’s decentralized exchange, offers tradable pairs and buy & burn mechanisms for reducing PAMBO’s circulating supply. Pandoshi has also revealed details on PandaChain, its fast, low-cost Proof-of-Stake layer 2 blockchain solution tailored to the Pandoshi ecosystem.
Finally, Pandoshi is backed by an array of partners, including leading cryptocurrency exchanges Binance and Coinbase, which have confirmed future PAMBO listings. With its impressive progress and utility, experts see robust upside potential for Pandoshi.
Supply and Demand AnalysisÂ
Analyzing the circulating supply and demand conditions for both cryptocurrencies provides clues into their growth trajectories. Â
Dogecoin currently has a circulating supply of 132.7 billion DOGE. Meanwhile, Pandoshi has a fixed total supply of 2 billion PAMBO, with 1 billion entering circulation during the ongoing presale. PAMBO buybacks and burns will also remove 80% of the total token supply from circulation.
On the demand side, Dogecoin benefits from strong brand recognition and a loyal meme coin fanbase. However, as a newer project, Pandoshi is primed to capture interest from the influx of new adopters entering the cryptocurrency space daily. With its broad utility and scarcity of supply, experts expect demand for PAMBO to outpace that of DOGE over the long run.
Conclusion
While Dogecoin retains the advantage of network effects and first-mover status, Pandoshi brings next-level features that could ultimately propel it to overtake DOGE in the meme coin category. Considering circulating supply dynamics, while Dogecoin retains its first-mover advantage, Pandoshi brings next-level utility that could propel it past DOGE over time.
Considering circulating supply shocks and demand growth potential, analysts foresee PAMBO generating outsized returns in the years ahead.Â
Click Here To Buy PAMBO Tokens
Explore the following links for detailed information on Pandoshi (PAMBO):
Website: https://pandoshi.com/ Whitepaper: https://docs.pandoshi.com/
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
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