As we near the end of the year, the cryptocurrency market is experiencing a bullish trend, particularly with altcoins leading the charge. This period has piqued investor interest in identifying which crypto will explode in 2023. With this in mind, our market experts have carefully reviewed the current market situation and selected two altcoins that are performing exceptionally well and show great potential for future growth.
These cryptocurrencies have been chosen based on important criteria such as having a strong and supportive community, untapped potential for growth, and promising financial prospects. These aspects are critical in assessing their potential for long-term success in the ever-changing crypto market.
The two altcoins we are focusing on are Avalanche (AVAX) and Pandoshi (PAMBO). In the upcoming sections, we’ll take a closer look at each of these cryptocurrencies, examining what makes them stand out and why they are worthy of consideration for your investment portfolio. Whether you are new to cryptocurrency or have been investing for a while, learning about the unique features of Avalanche and Pandoshi could be crucial in making smart investment choices as we move into the new year.
At present, Pandoshi is in the third of its five phases, indicating further chances for investors to engage with the project. The significant amount of funds it has garnered in these initial stages is a strong indicator of its potential.
The Pandoshi ecosystem offers a diverse amount of features. It includes a Layer-2 Network based on the Proof of Stake protocol, an eco-friendlier option compared to the traditional Proof of Work systems. Additionally, the ecosystem encompasses a decentralized exchange, a non-custodial wallet, Metaverse games, and educational initiatives like Pandoshi University, along with cryptocurrency-compatible prepaid cards. These features are all driven by the community.
Central to this ecosystem is PAMBO, the native token of Pandoshi, initially introduced on the Ethereum (ETH) blockchain. PAMBO operates on a deflationary model, featuring a unique buy-and-burn system. This mechanism involves buying PAMBO tokens at their market value and then permanently removing them from circulation, thereby enhancing their scarcity and potential value.
Currently available in a public offering at a discounted price, the Pandoshi token is set to be the main currency for the project. This public sale is structured over five distinct phases, each featuring a step-wise rise in the token’s price:
- Phase 1: Tokens priced at $0.002 each
- Phase 2: Tokens priced at $0.004 each
- Phase 3: Tokens priced at $0.006 each (Ongoing Phase)
- Phase 4: Tokens priced at $0.008 each
- Final Phase: Tokens priced at $0.01 each
Market experts are increasingly suggesting that PAMBO has the potential to be the next crypto to hit $1. This assessment is based on the well-thought-out tokenomics of Pandoshi, which makes a strong case for significant price growth. Considering the prevailing market sentiment and the growth strategies of the ecosystem, industry specialists anticipate PAMBO’s price to reach $1 in its inaugural year of trading.
AVAX serves as the native token for Avalanche and plays a crucial role in realizing the network’s objectives of enabling blockchain services and fostering the development of decentralized applications (dApps).
Introduced in 2020, AVAX serves multiple functions, including securing the Avalanche blockchain through staking, covering transaction processing fees, and serving as the primary unit of account for interactions among protocols within the Avalanche ecosystem. Currently, AVAX has a capped supply of 720 million tokens, with the total supply standing at over 430 million AVAX tokens at the time of this writing.
AVAX serves as the native token of the Avalanche blockchain, powering the network’s operations. The total supply of AVAX coins is capped at 720 million tokens, and the rate of new token creation is determined by the community of AVAX users. These users have the authority to influence the pace at which new AVAX tokens are minted.
This influence is exercised through voting to adjust the rewards given to network validators for adding new blocks to the Avalanche network. To participate in governance activities within the Avalanche blockchain, owning AVAX tokens is a prerequisite, showcasing one of the utility aspects of the AVAX token.
Moreover, AVAX plays a pivotal role in securing the Avalanche blockchain through the process of staking. The Avalanche network utilizes the Proof-of-Stake (PoS) consensus mechanism for transaction verification.
Within the Avalanche network, validators serve as the active nodes responsible for validating network transactions. To partake in the validation of transactions on Avalanche, individuals can choose to become validators or engage as delegators.
However, when you compare Avalanche (AVAX) to a project like Pandoshi (PAMBO), which is still working toward reaching its full potential, some crypto investors find it more appealing to invest in Pandoshi. This strategic decision, to invest In Pandoshi, could lead to significant returns, potentially even reaching up to 100 times or even 1000 times the initial investment.