2024 is shaping up to be a pivotal year in the cryptocurrency sector, with two digital currencies, Ethereum (ETH) and Pandoshi (PAMBO), poised to lead the charge. Ethereum continues to be a powerhouse in the crypto world, known for its robust platform and continuous innovations. Alongside, Pandoshi, a newer entrant in the market, is quickly gaining momentum with its unique decentralized finance (DeFi) offerings and a promising trajectory. As investors and enthusiasts keep a keen eye on the developments, these two cryptocurrencies are expected to experience significant growth, making them the top contenders to watch in the upcoming year.
Ethereum, often celebrated as the foundational network for smart contracts, remains a cornerstone in the world of cryptocurrencies. It has been instrumental in developing the decentralized finance (DeFi) and decentralized application (DApp) sectors. In 2024, Ethereum’s enduring relevance is underpinned by several significant factors. A pivotal advancement is the transition to Ethereum 2.0, which aims to tackle scalability issues by shifting to a proof-of-stake (PoS) consensus mechanism.
This major update is expected to boost transaction speeds and lower energy usage, positioning Ethereum as a more eco-friendly and efficient option in the blockchain arena. Additionally, the diverse and active ecosystem of Ethereum continues to be a vital component of its appeal. The platform is home to a wide range of applications, encompassing everything from decentralized exchanges (DEXs) and lending services to markets for non-fungible tokens (NFTs). Ethereum’s broad utility and adoption make it a preferred platform for both developers and end-users.
Pandoshi has impressively accumulated over $2 million within weeks of launch, demonstrating strong market confidence in its future prospects. This project is a true representation of blockchain’s core values: decentralization, advocacy for privacy, and financial self-reliance. It stands out as a decentralized venture, significantly shaped by its community’s input.
The infrastructure of Pandoshi boasts several decentralized elements, such as a Layer-2 network based on the Proof of Stake protocol, a decentralized exchange, a non-custodial wallet called Pandoshi Wallet, engaging Metaverse games, and educational resources like Pandoshi University. Additionally, it offers cryptocurrency-friendly prepaid cards, providing a convenient way for users worldwide to manage their crypto without undergoing KYC checks.
The presale of Pandoshi is organized into five phases, currently in its third phase with tokens priced at $0.006. As the project moves into the fourth phase, the token price is slated to rise to $0.008, with an eventual increase to $0.01 in the final stage, highlighting a key milestone for Pandoshi.
Within the Pandoshi ecosystem lies PAMBO, the main utility token. It plays a crucial role in the PandaChain (Layer 2 Network), the Metaverse Game, and is used for transactions at Pandoshi University. PAMBO gains value from a buy-and-burn strategy employed by PandoshiSwap (DEX) and Cardoshi (prepaid cards). This deflationary token can be acquired either through purchase or by participating in Pandoshi’s activities.
Recently, the Pandoshi team announced via Twitter their accelerated progress, including the upcoming beta release of the Pandoshi Wallet for both Android and iOS users. This development, occurring during their active presale, marks a significant step forward for Pandoshi. The wallet’s beta version is designed to initially support all EVM-compatible chains, with future plans to include non-EVM chains.
Pandoshi has been praised for its dedication to decentralized finance (DeFi), especially its commitment to open-source development and fostering a community-led model. This dedication is attracting a growing number of investors who prioritize privacy and decentralization. The project’s decision to make all its platforms open-source aligns with those seeking transparency and collaborative participation in the cryptocurrency sector.
The upcoming release of the non-custodial Pandoshi Wallet, soon to be open-source on GitHub, further demonstrates this commitment. This initiative allows for potential joint development and maintenance by the community and the developers, reinforcing Pandoshi’s dedication to the principles of decentralized finance.