Vote for Cryptopolitan on Binance Square Creator Awards 2024. Click here to support our content!

Why Are Dogecoin and Shiba Inu Whales Switching to This New Cryptocurrency? Experts Explain

Over the last few weeks, a new cryptocurrency called Pandoshi has been gaining steady momentum among investors. Lately, some whale wallets holding large amounts of popular meme coins like Dogecoin and Shiba Inu have started accumulating the Pandoshi token PAMBO as well. Crypto experts analyze why wealthy crypto holders are diversifying into this emerging project.

Introducing Pandoshi 

Pandoshi was conceived as a champion of decentralization, privacy, and financial freedom in the blockchain space. Its objective includes building a suite of decentralized finance (DeFi) products, enabling seamless connectivity and mainstream adoption.

Pandoshi’s native token, PAMBO, operates on a deflationary model, with 80% of the overall supply scheduled to get burned over time. The ecosystem also has BAMBOO as the governance token for community-based decision-making.

Further, from a non-custodial wallet to a decentralized exchange, Pandoshi is launching foundational DeFi building blocks, positioning itself for sustainable success.  

Pandoshi’s focus on community building has created a highly engaged user base, which acts as brand ambassadors for spreading awareness.

Unlike isolated platforms with narrow utility, Pandoshi wants to create an integrated ecosystem with seamless synergies across various decentralized offerings.

With crypto cards, metaverse integrations, and NFT gaming, Pandoshi primes itself for mass adoption beyond just speculative interest.

Evaluating Flagging Interest in Dogecoin and SHIB

As interest in prominent meme coins like DOGE and SHIB trends downward, experts highlight the following pain points:  

Limitations of Speculative Value: Meme coins like Dogecoin and SHIB have weak fundamentals beyond relying on hype-driven rallies and social media trends which are short-lived. Platforms accepting them as payment are also limited currently.

Concerns on Centralization: Critics point out that major meme coin supplies are concentrated in a few founder and early investor wallets, raising questions on decentralization.  

Uncertainty on Scalability: As meme cryptocurrencies see increased volumes, their networks face congestion and high gas fees due to the inherent limitations of underlying blockchains.

Read Also  Best New Shiba Inu (SHIB) Competitor to 50x in 2024

Lack of Innovation Scope: Meme coins are viewed as having limited scope for introducing new innovations within their technological architectures. Most progress relies on building integrations with external platforms.

Regulatory Pressures: Primarily being vehicles for speculation, meme cryptocurrencies are prone to face intense scrutiny from financial regulators as compared to projects with concrete utility.

Pandoshi Emerges as a Valuable Diversification

In the backdrop of ongoing weaknesses in older meme coins, crypto whales seem eager to diversify a portion of their holdings into utility-focused ecosystems like Pandoshi.

Offering next-generation innovations in DeFi while also prioritizing community participation, Pandoshi checks the necessary boxes for savvy investors in search of sustainable crypto projects.

With markets having matured considerably since the early internet meme coin frenzy, analysts believe cryptocurrencies need to demonstrate real-world usage beyond evoking simply nostalgic or temporary hype. On that front, Pandoshi’s focus on building Web 3.0 platforms for the decentralized future makes it worthwhile for portfolio diversification.

Pandoshi’s presale is in the last stage of a five-stage presale campaign. The campaign, which started about a month ago, has raised over $5.5 million from over 10,000 unique participants. This is a strong show of investor confidence. With the last stage over 75% sold out, the opportunity to acquire PAMBO at a $0.01 presale price will be over soon. 

Upcoming exchange listings on Binance and Coinbase add to the excitement of getting into Pandoshi early. Listings on highly coveted exchanges boost liquidity and token exposure, which translates to surging prices. 

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/

Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap

Share link:

Disclaimer. This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Cryptopolitan.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Editor's choice

Loading Editor's Choice articles...

Stay on top of crypto news, get daily updates in your inbox

Most read

Loading Most Read articles...
Subscribe to CryptoPolitan