Pangolin Crypto: Is It A Smart Investment Move?

Pangolin is a community-controlled decentralised exchange (DEX) created by AVA Labs and handed over to the community. The core team retained no personal tokens, which is a rarity in the crypto space. The PNG token is used as a governance token, and users who provide liquidity are rewarded in the PNG token. Pangolin was designed to let users farm liquidity as well as swap hundreds of tokens, most of which are Avalanche-native assets.

Pangolin's price has been volatile. In 2021, it opened at $2.26 on 27 April, shooting up to over $4.20 in early May. However, the market went into decline, and by the summer of 2021, the price of PNG had dropped below $1. In 2022, the token's price fell even further, with a low point in May when the UST stablecoin depegged from the US dollar, and the associated LUNA cryptocurrency collapsed, causing PNG to drop to $0.04797 on 12 May.

Pangolin currently stands at $0.4024 USD with a market capitalisation of $84,558,838, making it rank 511th in the most valuable coins list. Its 24-hour volume is $6,593,621.

There are several predictions for the future price of Pangolin, and it is difficult to tell if it is a good investment. According to WalletInvestor, in 2025, Pangolin investors should expect price growth to $1.065. TradingBeast predicts the price increasing to $0.2555, and PricePrediction.net agrees with a predicted growth to $0.3548. In the long term, WalletInvestor predicts that by 2030, the price of Pangolin will be $1.6802, TradingBeast predicts $0.3573, and PricePrediction.net predicts $0.4664.

Ultimately, whether Pangolin is a good investment depends on your risk tolerance and how much you intend to invest.

Pangolin's price history and future predictions

Pangolin Price History and Future Predictions

Pangolin (PNG) is a cryptocurrency token based on the Avalanche (AVAX) blockchain. It is one of many cryptos linked to decentralised exchanges (DEXs). The Pangolin exchange was founded by Ava Labs, the organisation behind the Avalanche blockchain.

Price History

Pangolin was launched in 2021 and opened at $2.26 on 27 April. The token's price shot up to break past $4.20 in early May. However, the market soon went into a decline, with the price dropping below $1 to a low of $0.82 on 20 July. Pangolin then surged to an all-time high of $4.99 on 25 August before closing the year at $0.7221.

2022 was a bad year for crypto, and pangolin suffered along with the rest of the market. The token fell to a low of $0.04797 on 12 May following the UST stablecoin depegging from the US dollar and the collapse of the associated LUNA cryptocurrency. The cancellation of withdrawals on the Celsius (CEL) crypto lending platform caused a further drop, with PNG falling to an all-time low of $0.02964 on 14 June.

There was some recovery towards the end of the year, with the news that a version of PNG called PSB would operate on the Flare blockchain, and the token's Coinbase listing helping it trade at about $0.11 on 6 October 2022.

Future Predictions

It is important to note that price predictions for highly volatile assets like cryptocurrencies often end up being wrong. As of 6 October 2022, CoinCodex had made a short-term pangolin price prediction for 2022 that the token could reach $0.125099 on 11 October and $0.130241 on 5 November. CoinArbitrageBot made a more upbeat prediction, suggesting the token could jump to $1.00236 in 2022 and $1.78 in 2023. DigitalCoinPrice had a more conservative forecast, arguing that PNG could trade at $0.12 in 2022, $0.25 in 2023, and $0.35 in 2024. WalletInvestor, on the other hand, made a far more bearish prediction, suggesting the token was in for a tough 12 months and could fall to $0.00752 by 6 October 2023.

Looking further ahead, DigitalCoinPrice predicted that Pangolin could reach $0.54 in 2027, $0.77 in 2028, and $1.09 in 2030. TechNewsLeader predicted that Pangolin could be worth around $5.57 in 2030 and reach a maximum price of $337.98 in 2040.

The pros and cons of investing in Pangolin

Pros

• Pangolin is a community-controlled decentralised exchange (DEX) that was created by AVA Labs to be handed over to the community.
• Unlike most projects where teams and insiders can own up to 60% of the supply, the core team retained no personal tokens. The core team works for the community and operates in the best interest of the community.
• The Pangolin community has a say in the project's direction through the PNG token, which is used as a governance token.
• Pangolin has had over $13.69 billion USD in total volume and currently houses over $249 million USD in total liquidity.
• Pangolin is expected to trade as high as $431.43 for 2050, with an average price hovering around $384.07.
• Pangolin's price has increased by 1,082.78% in the last year.

Cons

• The Pangolin token is based on the Avalanche (AVAX) blockchain, which means it is a token, not a coin. This may be off-putting to investors who are looking for a coin investment.
• Control of the exchange has been given back to the community, meaning there is no overall person in charge of the system. This may be off-putting for a potential investor who wants someone they can hold accountable.
• Pangolin's 3-year performance is -89.85%.
• The crypto market is extremely volatile, making it difficult to predict what a token's price will be in the short term, and even harder to give long-term estimates.

Pangolin's unique selling points

Pangolin is a community-controlled decentralised exchange (DEX) that was created by AVA Labs to be handed over to the community. Here are some of Pangolin's unique selling points:

Community-owned and controlled

Unlike most projects where teams and insiders can own up to 60% of the supply, the core team at Pangolin retained no personal tokens. The core team works for the community and operates in the best interest of the community. Community wins over profits, which is a rarity in the crypto space. The PNG token is used as a governance token, and users who provide liquidity are rewarded with the PNG token.

The core team is elected by the community

Early on, community members contributed to Pangolin's development through Discord and aided in reviewing code. Ava Labs set the governance structure in place, and community members could make a proposal to be the core team. Teams needed to gather about 1 million PNG to submit an on-chain proposal to be the core team behind Pangolin. The vote elected the core team of Justin, Leo, and Brandon. The team has since grown much larger.

The core team is granted access to a Multi-Sig wallet

The Core team was granted access to a budgeted Multi-Sig wallet to use for expenditures and salaries. The core team works for the community and operates in the best interest of the community. Community wins over profits, which is a rarity in the crypto space.

The Pangolin treasury

05 % of trading fees go towards the Pangolin treasury. All those fees are now converted to Tether, and every 2 weeks, the proceeds are used to buy back PNG to reward single-side stakers. Now, PNG stakers are rewarded from Pangolin's entire ecosystem revenue stream just by staking PNG.

Super-farms

A new version of yield farming allows users to earn PNG and other tokens simultaneously. Projects can bootstrap liquidity through this feature. The total amount of partner project tokens flowing into the Pangolin ecosystem will multiply over the next few months. Partners are stepping up to jointly incentivize Pangolin’s TVL and volume. In exchange, they receive exposure to Pangolin’s incredible community and the support of Pangolin with co-marketing and business development teams.

The risks of investing in Pangolin

Pangolin (PNG) is a community-controlled decentralised exchange (DEX) that was created by AVA Labs to be handed over to the community. It is one of many cryptos linked to DEXs and is based on the Avalanche (AVAX) blockchain.

As with any investment, there are risks involved in investing in Pangolin. Here are some of the key risks to consider:

Volatility and Price Fluctuations

The cryptocurrency market is highly volatile, and Pangolin is no exception. The price of Pangolin has fluctuated since its launch, with periods of both gains and losses. It is challenging to predict the future price movements of Pangolin due to the volatile nature of the market. Investors need to be aware of the potential for significant price swings and the associated risks.

Regulatory and Market Risks

The price of Pangolin, like any cryptocurrency, can be influenced by regulatory changes and market sentiment. Any negative news, regulatory crackdown, or adverse market sentiment can lead to a decline in the price of Pangolin. The crypto market is also susceptible to the "buy the rumour, sell the news" phenomenon, where investors buy assets in anticipation of positive news and sell them after the news is released, leading to price drops.

Competition and Adoption

The cryptocurrency space is highly competitive, with new projects and tokens emerging regularly. Pangolin faces competition from other DEXs and centralised exchanges (CEXs). If Pangolin fails to innovate, attract new users, or keep up with the changing market demands, it may lose its competitiveness, impacting its price and adoption.

Centralisation Concerns

While Pangolin is a community-controlled DEX, the fact that it is based on the Avalanche blockchain introduces a level of centralisation. The Avalanche blockchain is maintained and upgraded by the Avalanche Foundation, and any issues or changes to the blockchain could impact the functionality and price of Pangolin.

Security and Smart Contract Risks

As a DEX, Pangolin relies on smart contracts for its operations. Smart contracts are susceptible to bugs, vulnerabilities, and security breaches, which could result in the loss of funds or disruptions to the platform. Additionally, the broader crypto ecosystem is a frequent target of cyberattacks and scams, which could impact investor confidence and the price of Pangolin.

Liquidity Risks

Pangolin, as a DEX, relies on liquidity providers to facilitate trades. In the event of a market downturn or loss of confidence in the project, liquidity providers may withdraw their funds, leading to reduced liquidity on the platform. Low liquidity can result in slippage during trades, impacting the overall user experience and potentially driving users towards more liquid platforms.

In conclusion, while Pangolin has its unique features and a dedicated community, it is not without its risks. Investors considering Pangolin should carefully weigh these risks, conduct their own research, and only invest what they can afford to lose, as with any cryptocurrency investment.

How to buy and sell Pangolin

Pangolin (PNG) is a decentralised exchange token based on the Avalanche blockchain. It is available to buy on Coinbase's centralised exchange. Here is a step-by-step guide on how to buy Pangolin:

• Create a Coinbase account by downloading the Coinbase app and starting the sign-up process. You will need a valid ID and may be asked for proof of address.
• Add a payment method such as a bank account or debit card.
• On Coinbase.com, select 'Buy & Sell'. On the Coinbase mobile app, tap the (+) Buy on the Home tab.
• Select Pangolin from the list of assets. On Coinbase.com, click the Buy panel to search and select Pangolin. On the Coinbase mobile app, search for Pangolin by typing "Pangolin" into the search bar.
• Enter the amount you want to buy in your local currency. The app will automatically convert that into a Pangolin amount.
• Finalise your purchase of Pangolin by tapping "Preview buy" and then "Buy now" to confirm.

To sell Pangolin, you can follow a similar process. On Coinbase.com, click on the Sell panel and select Pangolin. On the Coinbase mobile app, tap the Portfolio tab, then select Pangolin from your asset list. Enter the amount you want to sell and finalise the sale.

Alternatively, you can buy Pangolin through a decentralised exchange (DEX) that supports the Avalanche blockchain. Here is a guide on how to do this:

• Download a Trust Wallet. There are several crypto wallets to choose from within the Avalanche network, and Trust Wallet appears to be the most integrated. You can download it via Google Chrome or the iOS/Android App Store.
• Set up your Trust Wallet via the wallet’s Google Chrome extension or the mobile app. Make sure to keep your seed phrase safe and take note of your wallet address.
• Buy AVAX as your base currency. Login to your Binance account and go to the Binance Crypto webpage to buy AVAX.
• Send AVAX from Binance to your crypto wallet. Go to your Binance wallet section, find the AVAX you purchased, click on withdraw and fill in the required information. Set the network to Avalanche, provide your wallet address and the amount you want to transfer.
• Choose a Decentralized Exchange (DEX) that supports your chosen wallet. For example, if you use Trust Wallet, you can go to 1inch to make the transaction.
• Connect your Trust Wallet to the DEX by using your wallet address.
• Trade your AVAX for Pangolin. Select your AVAX as the payment and select Pangolin as the coin you want to acquire.

Frequently asked questions