Pitbull Crypto: A Worthy Investment?

Pitbull (PIT) is a community-driven, dog-themed meme coin on the Binance Smart Chain (BSC). It is a unique social experiment that engages its token holders in the development of the community and the project itself. Pitbull has a strong community and an ambitious roadmap, which includes launching on several blockchains, creating a Pitbull magazine, releasing NFT collections, and developing a play-to-earn game. With a total supply of 100 quadrillion PIT tokens, it has a large supply, and its price is sensitive to market conditions, making it challenging to predict. However, some analysts believe that the price of Pitbull could double in a year and that it has the potential to reach new highs in terms of price points and market cap. So, is Pitbull crypto a good investment? The answer depends on your risk tolerance and investment goals.

Pitbull's price history and future predictions

Pitbull (PIT) is a community-driven, dog-themed meme coin on the Binance Smart Chain (BSC). It was launched in March 2021 and has since gathered a substantial following. The founders of Pitbull are anonymous, but ownership has been relinquished to the community, which consists of several volunteer leads.

Price History:

As of September 24, 2024, the live Pitbull price is $3.44e-10 USD, with a 24-hour trading volume of $246,249 USD. The current market cap ranking for Pitbull is #917, with a live market cap of $13,822,638 USD. The circulating supply of Pitbull is 40,192,158,063,660,000 PIT coins, and the maximum supply is 100,000,000,000,000,000,000 PIT coins.

The all-time high of Pitbull is $0.00000001, and it is currently valued at 94.85% below that. The price of Pitbull has increased by 0.93% in the last 24 hours but has fallen by 9.52% in the past week.

Future Predictions:

According to several sources, the Pitbull price prediction for the rest of 2024 and beyond is generally positive, with potential growth expected in the long term.

• WalletInvestor predicts that the Pitbull price will reach $0.000000002 by the end of 2024.
• CoinCodex's Pitbull price prediction for 2024 states that the price of Pitbull will increase by 229.80% and reach $0.0₈1579 by August 19, 2024.
• Crypto.ro predicts that the average price of Pitbull in 2025 could reach $0.00001, driven by growing adoption, technological advancements, and favourable regulatory considerations.
• PricePrediction.net forecasts that the Pitbull price will go above $0.0000000005013 by December 2025.
• TradingBeast predicts a Pitbull price of ~$0.0000000003062 in 2025, indicating a decline.
• CoinCodex's Pitbull price prediction for 2030 places the price between $0.0₈1222 and $0.0₈1981.
• Crypto.ro predicts that by 2030, Pitbull could reach an average price of $0.000027, influenced by the increasing use of blockchain technology, improved payment ecosystems, and greater adoption.
• WalletInvestor predicts a Pitbull price of $0.00000000252 by 2030, indicating significant growth.
• PricePrediction.net predicts that by 2030, the Pitbull price will reach $0.0000000003865.
• TradingBeast forecasts a Pitbull price of $0.0000000005893 by 2030, indicating an encouraging future.

It is important to note that cryptocurrency markets are highly volatile and unpredictable. These predictions should not be considered financial advice, and thorough research is crucial before investing in any cryptocurrency.

The auto-staking mechanism

Pitbull (PIT) is a community-driven, dog-themed meme coin on the Binance Smart Chain (BSC). It is a unique social experiment that engages its token holders in the development of both the community and the project. Pitbull compensates its token holders through an auto-staking mechanism, which guarantees passive yield by rewarding token holders with fees from transactions conducted in PIT.

Pitbull's PitTracker is a tool for investors to keep track of their PIT token holdings and profits from auto-staking rewards. The PitCharts charting and analysis tool can be used for all tokens on the Binance Smart Chain. The team plans to generate additional income from selling advertising and premium features for the tool.

The PitFarm will allow users to stake liquidity tokens for points, which can then be redeemed for Pitbull non-fungible tokens (NFTs). The NFTs will be tradeable on the marketplace, with funds going towards marketing (15%), shelter donations (15%), the PIT liquidity pool (60%), and the minting and designing process (10%).

Pitbull's auto-staking mechanism is a key feature that rewards token holders and provides passive yield. The mechanism taxes each PIT transaction and distributes the fees to token holders, encouraging participation in the community and project. With its auto-staking rewards and well-developed ecosystem, Pitbull offers a unique opportunity for investors in the meme coin space.

The anonymous founders and community ownership

The founders of Pitbull are anonymous, but ownership has been relinquished to the community, which consists of several volunteer leads. These individuals, along with various other groups, contribute to the project's development. The volunteer leads can be considered the Pitbull core team and include:

• @Jackiboi (Jack): software engineer, development
• @SevenDigitz (Jari): manager, communications
• @kargolanding (Kargo Landing): software engineer, development
• @Faaa1B (Fab): Reddit strategist
• @kndwin (Kevin): software engineer, development

Various other groups are also contributing to the project, including:

• 48 members working on admin to coordinate the project's direction.
• 15 members managing social media channels and maximising social outreach.
• 45 members designing original images, videos and music for media output.
• 22 members working together to build software applications like charts and trackers.

Pitbull (PIT) is a community-driven, dog-themed meme coin on the Binance Smart Chain (BSC). It positions itself as a unique social experiment, engaging its token holders in the development of both the community and the project. Pitbull compensates its token holders through an auto-staking mechanism, which strives to provide passive yield by rewarding token holders with fees from transactions conducted in PIT.

The use cases of Pitbull

• PitTracker: A tool for investors to keep track of their PIT token holdings and profits from auto-staking rewards.
• PitCharts: A charting and analysis tool for all tokens on the Binance Smart Chain. The team plans to generate additional income from selling advertising and premium features for the tool.
• The PitFarm: Allows users to stake liquidity tokens for points, which can then be redeemed for Pitbull non-fungible tokens (NFTs). NFTs will be tradeable on the marketplace, with funds going towards marketing, shelter donations, the PIT liquidity pool, and the minting and designing process.
• PitSwap: An automated market maker (AMM) that simplifies the trading experience for PIT investors and is set to become a full-on ecosystem that supports staking, farming, and other decentralised finance (DeFi) features.
• The PitStore: Features official Pitbull merchandise and will be integrated with PIT in the future.
• PitStop: A social network defined by a user's Pitbull wallet address, with all PIT tools easily available on one page.
• PitFund: A fundraising platform based on PIT.
• PitGames: Features browser games, such as card trading games or lottery games.

Where to buy Pitbull

As of September 2024, Pitbull (PIT) is available for purchase on several cryptocurrency exchanges, including LBank, BVOX, XT.COM, Gate.io, and MEXC. It is also available on CoinTiger, ZT, IndoEx, PancakeSwap (V2) and BKEX.

To buy Pitbull, you will first need to download a crypto wallet app such as Metamask or Trust Wallet and set it up on your computer or phone. Then, you will need to send Binance Coin (BNB) to your wallet using Binance Global or Binance.US, making sure to select the Binance Smart Chain (BSC, BEP20) version.

Once you have BNB in your wallet, you can use a decentralised exchange (DEX) such as PancakeSwap to swap your BNB for PIT. To do this, go to the following link in your wallet browser: https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xa57ac35ce91ee92caefaa8dc04140c8e232c2e50. Sometimes, you may need to adjust the slippage to 8-11% to complete the swap.

After swapping your BNB for PIT, you will need to add the PIT token to your wallet. In Metamask, go to Settings -> Networks -> Add Network and enter the following data:

• Network Name: Binance Smart Chain
• New RPC URL: https://bsc-dataseed.binance.org
• Chain ID: 56
• Symbol (optional): BNB
• Block Explorer URL (optional): https://bscscan.com

Finally, scroll down to where you see "Add Token" and click the "Custom Token" tab. Enter the address: 0xa57ac35ce91ee92caefaa8dc04140c8e232c2e50 where it says "Token Contract Address", and your PIT tokens should appear in your wallet.

Frequently asked questions