Pangolin is a groundbreaking cryptocurrency that is quickly gaining widespread recognition among blockchain enthusiasts, and many crypto experts are starting to believe that PNG is a very good investment to make in 2022. Thanks to utilizing the innovative Avalanche blockchain, Pangolin is one of the most technologically advanced projects in the ecosystem. But what is Pangolin exactly, and will the PNG price really go up in the upcoming months?
What Is Pangolin?
Pangolin is a DEX (decentralized exchange) similar to Uniswap or PancakeSwap. However, unlike these DEXs which are built on Ethereum and Binance Smart Chain respectively, Pangolin utilizes the Avalanche (AVAX) network – one of the fastest-growing blockchains on the market.
Pangolin uses an AMM (Automated Market-Making) mechanism just like other decentralized exchanges. However, being built on Avalanche gives it many unique advantages over the competition.
Pangolin is very efficient and has extremely low fees, it is highly decentralized and community-governed, and has a transparent token distribution model. All these factors are the main reasons why crypto experts think that Pangolin is a good investment to make in 2022.
Why Is Pangolin a Good Investment?
As mentioned above, high efficiency is one of the main advantages of Pangolin. Trading cryptocurrencies on the Pangolin DEX takes less than a second to complete, and the fees are extremely low – never higher than just a few cents.
Because of that, swapping coins and tokens on Pangolin feels almost like exchanging crypto on a centralized exchange like Binance or Coinbase. But unlike these exchanges, Pangolin is fully decentralized, and the community of PNG token holders can participate in decentralized governance and influence the development of the project.
Furthermore, Pangolins is a good investment also because it is one of the most innovative DEXs. New functionalities are constantly being added – for example, recently Pangolin has introduced the support of NFTs (Non-Fungible Tokens).
What Is the PNG Token?
PNG is the native crypto asset of the Pangolin decentralized exchange. The main use case of the PNG token is allowing the community of Pangolin users to take part in the governance process of the project.
PNG has a fixed total supply of 230,000,000 PNG (230 million). The strictly limited supply means that the Pangolin token is fully immune to inflation. It’s also worth noting that only 71,136,272 PNG tokens are currently in circulation.
However, the main reason why PNG is a good investment is the fact that it utilizes a highly innovative, fully community-oriented tokenomics. While other projects almost always allocate a portion of the token to the team and to wallets serving specific purposes, Pangolin is different – 100% of PNG tokens are being held by the community, which helps to protect the PNG price from being manipulated by the whales.
Why Does the Crypto Community Think that Pangolin is a Good Investment?
According to the community of crypto enthusiasts, Pangolin is a good investment to make in 2022 due to the fact how fast the entire AVAX ecosystem expands. Defy Trends points out that the total value stored on the Avalanche blockchain already exceeds $12 Billion:
— Defy Trends (@Defy_Trends) December 27, 2021
While the Avalanche ecosystem as a whole is expanding rapidly, Pangolin is still rather undervalued, and it is growing at an especially fast rate. Out of all lower cap AVAX projects, Pangolin is the most promising:
📢 TOP #AVALANCHE PROJECTS WITH $10~$55M MARKET CAP
— Avax News 🔺 (@Avax_News) December 29, 2021
Another reason why Pangolin is a good investment is the fact that the project constantly evolves and keeps adding new, innovative features. Recently, Pangolin has introduced NFT support and launched its first official NFT collection in collaboration with NFTrade. The collection was a massive success, and adding NFT functionality has massively increased the usefulness of the Pangolin DEX.
— Avalanche Snapshot 🔺 (@AvalancheSnap) January 3, 2022
Because of all of these factors, crypto investors are very bullish about Pangolin and think that PNG is a good investment. L.avax points out that the PNG price is now hugely undervalued, and it might be the right moment to invest in Pangolin before the price skyrockets again.
— L.avax (@L_Patch1) December 28, 2021
How Do You Trade on Pangolin Exchange?
Trading cryptocurrencies on the Pangolin decentralized exchange is very simple and is no different from trading crypto on other DEXs such as Uniswap, JOE or Pancakeswap. However, Pangolin is one of the most efficient decentralized exchanges, which means that all of your trades will be processed super fast and with minimal fees.
Can You Buy Pangolin on Coinbase?
Unfortunately, Pangolin is not yet available on major centralized exchanges like Coinbase or Binance. When the PNG token gets listed there, the Pangolin price will definitely increase massively. For now, you have to buy PNG using smaller exchanges.
How to Invest In Pangolin?
Since Pangolin is still a relatively small project, it is not available on a large number of popular exchanges. In order to buy Pangolin tokens, you’ll need to use an exchange such as Gate.io, LBank, MEXC, TraderJoe, YetiSwap, Hotbit, or Bitmart.
Will the PNG Price Reach $5?
When it comes to specific Pangolin price predictions, most experts seem to agree that PNG will reach $5 in the near future. The PNG price was already at that level in August 2021, and to regain it Pangolin would have to only grow by about 5x. When Pangolin reaches $5, it will certainly give the PNG price a massive boost needed to make it reach a new all-time high in the future.
So, Should I Invest in Pangolin Cryptocurrency Now?
When we sum up all of its advantages, the Pangolin token definitely seems like a very good investment to make in 2022.
For one, the Pangolin DEX is one of the fastest and most affordable decentralized exchanges. Since it utilizes the rapidly expanding Avalanche blockchain, PNG will almost definitely grow at an impressive rate in the foreseeable future.
Another reason why Pangolin is a good investment is that it is a fully community-distributed cryptocurrency. There are no huge PNG wallets held by the team, which means that the tokens cannot be dumped. Because of that, PNG is very safe crypto to invest in.
Finally, Pangolin is evolving quickly, and adding new functionalities like NFTs massively enhances the value of the project as a whole. Taking all these factors into consideration, Pangolin is definitely a good investment.
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