Published
4 months ago on
February 16, 2024
Table of Contents
- Polygon Breaks Out From Descending Channel
- Pandoshi Launch Imminent as Presale Enters Final Phase
- Pioneering Decentralized Ecosystem to Drive Adoption
Polygon (MATIC), a leading layer-2 scaling solution for Ethereum, is poised for a potential 13% price surge in the second quarter of 2024 according to recent analysis. This comes on the heels of Polygon breaching a key resistance level in late January. At the same time, newly launched crypto project Pandoshi is forecast to see massive 2200% growth once it lists on major exchanges Binance and Coinbase later this year.
Polygon Breaks Out From Descending Channel
Polygon has been range-bound between $0.80 and $1.10 for much of the past year, unable to break out above or below these levels. However, bullish momentum returned in late January with Polygon (MATIC) surging over 30% to break out of a long-term descending resistance trendline.
This move brought Polygon (MATIC) to the critical 0.382 Fibonacci retracement level around $0.87, where it was previously rejected in December. Although Polygon (MATIC) retreated shortly after, analysts believe the crypto is gearing up for another test of this level.
Polygon’s recent bout of strength has analysts optimistic on its long-term outlook. According to Ali Martinez, a symmetrical triangle pattern that developed on larger timeframes points to a measured move target of $1.82—over 100% higher than today.
Pandoshi Launch Imminent as Presale Enters Final Phase
As interest in Polygon picks up steam thanks to its base-layer scaling prowess, one other crypto project is commanding attention for its vast array of decentralized finance products and mission to accelerate the mainstream adoption of digital currencies globally.
Pandoshi, which takes inspiration from Bitcoin creator Satoshi Nakamoto, has entered the final phase of its token presale event as it inches closer towards its official launch on exchanges. In this final phase, the project has already raised an impressive $5.5 million from early backers and strategic partners through its tiered presale model.
Now in its fifth and last phase before listing, Pandoshi is offering its native PAMBO token for $0.01 per coin with total token supply capped at 2 billion. 50% of the supply has been allocated to public sale while 20% will provide initial DEX liquidity and the remainder will be directed towards exchange listings, and bonus initiatives.
At time of writing, over 81% of the final presale stage supply has been purchased indicating strong demand for PAMBO tokens. Pandoshi has already confirmed listings with top exchanges Binance, Coinbase and DEX leader Uniswap immediately after presale completion and rewards distribution next month.
Based on prices of recent microcap listings on these platforms, experts conservatively estimate PAMBO will swiftly rally to $0.50 resulting in 5000% ROI for presale participants.
Pioneering Decentralized Ecosystem to Drive Adoption
What sets Pandoshi apart from other new entrants is its expansive ecosystem of decentralized financial services aimed at driving mainstream adoption. Among its current offerings is the Pandoshi non-custodial wallet already available for Android users, with an iOS app nearing launch.
There is also PandoshiSwap, a decentralized exchange supporting crypto/fiat on-ramps and enabling frictionless trading of PAMBO pairs. Further products down the pipeline includes PandaChain—Pandoshi’s own high throughput PoS blockchain, crypto-backed debit cards, play-to-earn games, metaverse integrations and decentralized education through Pandoshi University.
Click Here To Take Part In Pandoshi Presale
Visit the links below for more information about 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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