2 Penny Cryptos That Will Make You Rich In 2024 (2024)

If you’re contemplating the idea of investing in low-value cryptocurrencies, you’re part of a sizable group. Many cryptocurrency investors, especially those without substantial funds, have contemplated the possibility of discovering affordable cryptocurrencies with significant growth potential.

This trend is not only seen in the crypto market but also in penny stocks, despite the risks involved. However, cryptocurrency works differently from stocks, and there are some cheap cryptocurrencies that you might want to think to invest in.

We’ve conducted a thorough analysis of the most promising cryptocurrency tokens in the current market, focusing on those demonstrating exceptional performance. Out of this assessment, we’ve selected the top two contenders for closer examination: Polygon (MATIC) and Pandoshi (PAMBO). In the following sections, we will go into a detailed analysis of both of these cryptocurrencies.

Pandoshi (PAMBO)

Pandoshi takes inspiration from Satoshi Nakamoto’s principles and embodies the core values of blockchain, focusing on decentralization, privacy, and financial freedom. It’s a project driven by its community, giving control to its users. To bring its vision to life, Pandoshi is creating a structured ecosystem with key elements like the Pandoshi Chain, Pandoshi Swap, and Pandoshi Wallet, essential for maximizing DeFi’s potential.

Pandoshi’s mission isn’t just about technology; it’s about a community that values private, free transactions, financial independence, and benefits without middlemen. Every part of Pandoshi is designed to benefit the community, staying true to the principles of blockchain. Pandoshi stands as a symbol of decentralized finance, privacy, and financial empowerment, supported by real actions, not just words.

When you read the original whitepaper by Satoshi Nakamoto, the creator of Bitcoin, you’ll notice a similar ideology in Pandoshi. While it might seem like a meme coin at first, Pandoshi is more than that. Beyond its catchy branding, it has a strong technological foundation and an ecosystem of interconnected products that benefit its token holders.

The Pandoshi ecosystem offers various features, including a Layer-2 Network based on the Proof of Stake protocol, which is more environmentally friendly than traditional Proof of Work models. It also includes a decentralized exchange, a non-custodial wallet, metaverse games, educational programs, and prepaid cards compatible with cryptocurrencies (no KYC needed).

Furthermore, Pandoshi plans to distribute NFTs to its early backers without any charges. Additionally, there’s an exciting opportunity for ten fortunate participants to win $100,000 in total, with each winner receiving $10,000. To qualify for these rewards, participants need to complete straightforward tasks like joining the project’s official social channels on Twitter, Telegram, and Discord. For detailed information and instructions on how to participate, please visit Pandoshi’s official website.

What is PAMBO?

At the core of this ecosystem is its native token, PAMBO, which initially originated on the Ethereum network. PAMBO is structured with a deflationary model that employs a buy-back and burn strategy. This strategy involves periodic purchases of tokens from the market to reduce their availability, making them rarer.

Pandoshi’s tokenomics is designed to provide returns similar to leading meme coins while harnessing the advantages of its ecosystem. PAMBO enters the market with a relatively modest market capitalization, presenting substantial growth potential with limited buying pressure. Furthermore, its scarcity is expected to grow over time due to the buy-and-burn policy.

Pandoshi has brought into circulation a total of 2 billion PAMBO tokens, with 1 billion allocated for the presale. The remaining distribution is divided as follows: 20% for DEX liquidity, 10% for CEX liquidity, and 20% for the Bonus program.

At present, Pandoshi is in its third stage, with the token priced at $0.006. The subsequent stage will witness an increase in the price to $0.008, with the final stage setting the price at $0.01. This public sale is organized into five phases, each featuring a gradual increase in the token price:

• Phase 1: $0.002 per token
• Phase 2: $0.004 per token
• Phase 3: $0.006 per token
• Phase 4: $0.008 per token
• Final Phase: $0.01 per token

The project has gained significant attention within the crypto community, being regarded as one of the most promising crypto presales. This major interest suggests that the initial token sale could be in high demand and may sell out rapidly. Consequently, individuals who miss the initial opportunity to purchase tokens may turn to exchanges to acquire PAMBO after the private sale, driving up the token’s price.

What distinguishes Pandoshi is its emphasis on practicality and user benefits, positioning it as a strong candidate among the most promising and affordable cryptocurrency investments available today.

Website: https://pandoshi.com/
Whitepaper: https://docs.pandoshi.com/

Polygon (MATIC)

Polygon, formerly known as Matic Network, serves as a Layer-2 blockchain protocol designed to work alongside the Ethereum blockchain, complementing its functionality. Established in 2017, it positions itself as Ethereum’s “Internet of blockchains,” with the primary goal of addressing scalability issues inherent in the Ethereum blockchain by ensuring swift transaction processing.

One of Polygon’s key strengths is its compatibility with the Ethereum Virtual Machine (EVM), facilitating rapid transactions and nearly negligible processing fees (gas). While it operates as a separate blockchain from Ethereum, it maintains uniform wallet addresses across both networks.

Polygon has a range of features, like creating custom blockchains, enabling Ethereum to talk to other blockchains, and helping different blockchains work with Ethereum.

For its consensus mechanism, Polygon uses a modified proof-of-stake (PoS) system. In this approach, validators reach consensus with each block, which is different from traditional PoS, where they need to wait for several blocks. Ethereum made the switch from proof-of-work (PoW) to PoS in 2022.

Users can bridge their cryptocurrencies from other blockchains onto the Polygon network, enabling interaction with applications previously exclusive to the Ethereum blockchain.

Polygon’s website claims to have a vast ecosystem consisting of numerous dApps. Additionally, it features over 3 million transactions taking place on a daily basis. Furthermore, it asserts that it has secured assets worth $5 billion.

What is MATIC?

MATIC is the currency of Polygon network. It is an ERC-20 token on Ethereum blockchain. It governs and secures the network, and covers transaction fees.

In contrast to certain cryptocurrencies with unlimited supplies, MATIC has a restricted circulation, currently at approximately $7.4 billion. It’s important to note that the total supply of MATIC will never exceed 10 billion coins.

The Polygon network operates on a proof-of-stake consensus mechanism, rewarding token holders who participate in network maintenance and transaction verification. This proof-of-stake model involves individuals staking their tokens, essentially locking them up to become eligible for staking rewards. However, it carries associated risks, potentially resulting in partial or full liquidation of one’s stake, as noted by experts.

To engage in staking and earn interest, one can initiate the process with as little as 1 MATIC. Yet, many opt to delegate their staking activities to a validator rather than accumulating a significant MATIC holding and running a validator themselves. Validators typically charge a modest commission, typically ranging from 1% to 10% of staking rewards, for their services.

Cryptocurrency analysts have shared their Polygon price forecast for MATIC in December 2023. During this period, they project that the lowest price for MATIC will be approximately $0.7845, with the highest price potentially reaching $0.8530. On average, the experts anticipate MATIC to trade around $0.8146.

It’s worth noting that MATIC is currently down by 73.76% from its historical peak of $2.92, and it has some ground to cover before reclaiming its previous record high. However, it’s essential to recognize that cryptocurrency prices can fluctuate based on several factors, including market sentiment and the progress of the project’s development.

Conclusion

In summary, we’ve conducted an analysis of two high-performing cryptocurrencies within the current bullish market: Polygon (MATIC) and Pandoshi (PAMBO). Both projects exhibit strong potential for profitable returns on your initial investment. Yet, an important point arises from our evaluation.

Historically, new crypto projects launched during a bullish market, such as Pandoshi, have consistently demonstrated the ability to outperform established cryptocurrencies like MATIC. These new projects can experience exponential growth, delivering returns of 10x or even up to 100x, while established cryptocurrencies like MATIC tend to offer more modest returns, typically ranging from 2x to 3x.

So, if you want to be part of a new decentralized community with clear plans and the chance to earn big, especially up to 10 times your investment, Pandoshi is your top pick as the best cryptocurrency.

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