The crypto market has seen immense growth in recent years, with the total market cap exceeding $1.75 trillion. However, while major cryptocurrencies like Bitcoin and Ethereum have seen gains, Dogecoin (DOGE) has struggled to keep pace. As DOGE trades sideways around $0.08, all eyes are turning to the newly launched cryptocurrency Pandoshi (PAMBO), eating into DOGE’s market share.
Pandoshi Inspiring Investor Confidence
Unlike the meme coin DOGE, which lacks real-world utility, Pandoshi is building out an entire ecosystem of products. Most notably, Pandoshi recently launched its eagerly anticipated crypto wallet for Android, with an iOS version set to launch soon.
Additionally, Pandoshi has its own layer 2 blockchain called PandaChain. This serves as the backbone for the Pandoshi ecosystem, reducing fees and enhancing scalability.
Other key products include PandoshiSwap, an AMM decentralized exchange, as well as Cardoshi, a crypto debit card allowing users to spend PAMBO anywhere major credit cards are accepted.
With so much development activity underway, it’s no surprise that investor excitement around Pandoshi continues to build. The project is currently in its final phase of its presale, having already raised over $1.8 million in the phase.
DOGE Struggling to Maintain Relevance
While Pandoshi charges ahead, Dogecoin seems to be losing momentum. According to data from Santiment, market interest and social volume for DOGE have been steadily declining.
Additionally, DOGE’s current weighted sentiment score sits at -0.863, indicating a predominance of negative or fearful social chatter. With bearish sentiment swirling, DOGE has struggled to sustain any meaningful price gains.
DOGE also demonstrates an increasingly inverse correlation with Bitcoin, which does not bode well given that Bitcoin often leads broader market movements. Over the past 90 days, buyers would have gained 27.48% investing in BTC but only 2% investing in DOGE over the same period.
Pandoshi Set for Major Exchange Listings
With presale coming to an end, Pandoshi is poised for a series of major exchange listings that could spur tremendous price activity.
According to the project’s roadmap, PAMBO will list on prominent centralized exchanges Binance and Coinbase soon after the presale on top of leading DEX platform, Uniswap.
These listings will expose Pandoshi to millions of new investors and provide a significant liquidity boost to the market. If demand continues to gain momentum as expected, PAMBO could very well achieve 2021 DOGE-like growth.
Final Thoughts
As legacy meme coin DOGE continues to tread water, all momentum seems to favor relative newcomer Pandoshi now. With Pandoshi expanding its ecosystem while DOGE drifts into irrelevance, a changing of the guard may soon play out between the two cryptocurrencies.
Investors should keep a close eye on Pandoshi’s upcoming exchange listings and overall project development. If the current trajectory continues, this ambitious upstart could successfully unseat DOGE to become the crypto market’s new favorite coin.
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.
