Whales Shift Focus to Promising New Alternative as Polygon (MATIC) Begins to Slow Down

The post Whales Shift Focus to Promising New Alternative as Polygon (MATIC) Begins to Slow Down appeared first on Coinpedia Fintech News

Polygon (MATIC), once a darling of the crypto world, has seen its price stagnate in recent months. As the Ethereum scaling solution struggles to regain momentum, whale investors are turning their attention to Pandoshi – an ambitious upstart billed as the next Polygon killer. 

The Rise and Fall of Polygon

Launched in 2017, Polygon swiftly became one of the most popular layer-2 solutions on Ethereum. By enabling fast, low-cost transactions, Polygon supercharged Ethereum’s capabilities and attracted lots of decentralized app developers. The network’s native token, MATIC, rode a wave of hype to an all-time high of $2.92 in December 2021.

However, Polygon’s meteoric rise was soon halted by the 2022 crypto winter. Dragged down by broader market forces, the MATIC token plunged over 80% from its peak. Despite recent signs of recovery, Polygon has yet to reclaim its former highs. Critics argue that the network’s best days may be behind it.

Enter Pandoshi 

As Polygon falters, the crypto community has a new darling: Pandoshi. Inspired by the ideologies of Bitcoin creator Satoshi Nakamoto, Pandoshi aims to champion decentralization, privacy, and monetary freedom. 

Rather than just improving scalability, Pandoshi wants to transform the entire decentralized landscape. Its expansive vision encompasses decentralized finance (DeFi) staples like a DEX and a non-custodial wallet, as well as frontier techs like metaverses and blockchain gaming.

Pandoshi’s comprehensive approach and commitment to community governance have struck a chord with investors. The project recently raised over $2.4 million in just eight days of now concluded stage four of its presale. 

Pandoshi vs. Polygon 

As an Ethereum scaling solution, Pandoshi seems poised to go toe-to-toe with Polygon in its quest to become “the people’s chain.” So how exactly does Pandoshi stack up against its more established rival?

• Vision: Pandoshi promotes a holistic vision encompassing privacy, autonomy, and inclusion – ideals intrinsically linked to the original purpose of cryptocurrencies. Polygon focuses more narrowly on supercharging Ethereum transactions.

• Community: The runaway success of Pandoshi’s presale attests to strong community momentum. Polygon boasts impressive developer activity, but its price woes suggest wavering user conviction.

• Execution: By launching its wallet early, Pandoshi has shown it can swiftly deliver on promises. Polygon has historically struggled with delays for major upgrades.

• Momentum: Pandoshi is in the final phase of presale, with PAMBO selling out swiftly. Polygon is still searching for its next catalyst after last year’s brutal decline.

Price Growth Potential

Pandoshi’s advocates argue that these favourable attributes make it primed for explosive growth. Specifically, many predict its native PAMBO token could soar from a presale price of $0.01 to $15 by 2024.

This over 100,000% return would far eclipse Polygon’s all-time high and cement Pandoshi as a true “Ethereum killer.” More conservatively, a surge to $1 – matching MATIC’s 2021 peak – seems plausible given the current trajectory.

Conclusion

Polygon is by no means finished, but its stagnating token price has opened the door for competitors. 

By combining an ambitious vision with solid early execution, Pandoshi has placed itself at the vanguard of “Ethereum killer” contenders. It’s presale momentum and vocal community put wind behind its sails. As whales take note, Pandoshi may be the next crypto project to skyrocket.

Click Here To Buy PAMBO Tokens 

Visit the links below for more information about Pandoshi (PAMBO):
Website: https://pandoshi.com/
Whitepaper: https://docs.pandoshi.com/