Pandora Price Prediction 2024: Is Pandora a Good Investment?
Pandora is an experimental token and with innovations, even risks are attached to the project. Some of the benefits of Pandora are:
Innovation: As the first project built on ERC-404, PANDORA offers a novel approach to digital asset ownership, potentially enabling new trading strategies and community engagement.
Unique features: The ability to trade PANDORA tokens for a chance to “reroll” Replicant rarity adds a gamified element that could appeal to some investors.
Read about Pandora Price Prediction 2024-2030, About Pandora, What is ERC404 standard, Is Pandora a Good Investment, Where to Buy Pandora?
Latest PANDORA Price USD
Pandora Price Performance so far
| Last 7 Days | -20.1% |
| Since Launch (Feb 2024) | +313.6% |
After losing more than a third of its value in the 7 days, Pandora crypto has begun to recover. What are the Signals and Predictions?
UTC: Feb 23rd, 2024 12:44 AM
| Overall Outlook | Neutral |
| 1. Market’s Wisdom | Neutral |
| 1a. Market Data | Neutral |
| 1b. Technical Recommendation | Neutral |
| 2. Crowd’s Wisdom | Neutral |
| 2a. Social Media Buzz | Steady |
| 2b. Social Media Sentiment | Steady |
With Sellers exhausted, Bulls have been able to take Pandora crypto price to $17k and should reach $20k as well.
Pandora Crypto: Buy or Sell Poll [New]
Pandora Price Prediction 2024-2025-2030, Aggregated
- Pandora Price Prediction 2024 is $22142
- Pandora Price Prediction 2025 is $30160
- Pandora Price Prediction 2026 is $40210
- Pandora Price Prediction 2027 is $68332
- Pandora Price Prediction 2028 is $87944
- Pandora Price Prediction 2029 is $112453
- Pandora Price Prediction 2030 is $143090
Pandora Price Prediction 2024-2030: About Pandora
What is Pandora?
Pandora is a relatively new cryptocurrency launched in February 2024. It is the first ERC404 token, which is an experimental standard that combines elements of ERC20 and ERC721 tokens. This allows Pandora to offer unique features such as persistent liquidity and semi-fungibility for NFTs.
Key Features of Pandora?
ERC404 standard: Pandora combines elements of ERC20 and ERC721 tokens. This enables persistent liquidity and semi-fungibility for NFTs.
PandoVerse: Pandora aims to create a holistic and disruptive decentralized environment, integrating DeFi, GameFi, and multitasking NFTs.
Deflationary: PANDORA is a deflationary token which means that it has a pre-mined supply with a built-in burning mechanism, gradually reducing the circulating supply over time.
The ERC-404 is an experimental standard that creatively blends elements of ERC-20 and ERC-721 standards. It has been developed by the Pandora team. Unlike traditional NFTs, ERC-404 tokens enable fractional transfers through mints and burns, essentially splitting an NFT into smaller pieces. In other words, ERC-404 is designed to achieve fractionalization natively within NFT projects that implement the standard.
However, it’s crucial to remember that ERC-404 remains an unofficial standard and it is not related to Ethereum officially. The ERC404 lacks the rigorous vetting process of official ERCs like ERC-20 and ERC-721. This raises concerns about potential security vulnerabilities and compatibility issues within the Ethereum ecosystem. While innovation is vital, integrating unaudited standards comes with inherent risks and could potentially compromise the security of the entire network.
Pandora and ERC404: How Does it Work?
Pandora is the first project built on ERC-404 and it offers a unique twist on traditional token ownership. It consists of 10,000 ERC-20 tokens paired with 10,000 “Replicant” NFTs. Owning a full PANDORA token on an exchange mint a Replicant NFT with a unique rarity in your wallet. Trading PANDORA tokens essentially allows you to “reroll” the rarity of your Replicant, adding an element of gamification and speculation.
How Does it Work: When a user buys 1 PANDORA on any exchange, you trade your ETH for the 1 PANDORA token along with a corresponding Pandora NFT. The NFT is randomly generated through a mint contract, varying in rarity like a standard NFT mint. Now if you choose to sell your 1 PANDORA token on the exchange, the associated NFT in your wallet is burnt. Importantly, transferring NFTs to a new wallet has no impact on the NFT itself; only the transfer of the token triggers a burn, initiating the minting of a new NFT.
Distribution of Rarities
- Green boxes: approximately 39.45%
- Blue boxes: approximately 23.44%
- Purple boxes: approximately 19.53%
- Orange boxes: approximately 11.72%
- Red boxes: approximately 5.86%
Early adopter potential: If ERC-404 becomes a widely adopted standard and PANDORA becomes a successful project, early investors could reap significant rewards.
Apart from these benefits, there are multiple risks attached. But before discussing the risk associated with Pandora, one should remember the new experimental token Uniswap Emerald which was launched in February 2024. EMERALD captured attention based on a “pie in the sky” idea, lacking a solid foundation and clear technical implementation. However, later on, the alleged developers associated with the project were exposed and were found to be ChatGPT users who had used ChatGPT to create the EMERALD token. Soon the contract was exploited resulting in the token losing the gains quickly.
The journey of Uniswap Emerald can be attached to one of the risks associated with the Pandora investment. Similar to EMERALD, PANDORA and ERC-404 are in their early stages, making them susceptible to similar risks like hype-driven investments, potential scams, and undiscovered vulnerabilities.
Additionally, the unofficial standards haven’t gone through rigorous vetting, and potential vulnerabilities may not have been identified and addressed. The long-term implications of ERC-404 and its impact on the project’s sustainability are still unclear.
Therefore, before investing in PANDORA it is necessary to thoroughly research the project, understand the ERC-404 standard, and carefully evaluate the associated risks.
Pandora Price Prediction 2024: How to Buy PANDORA?
PANDORA has been listed on some crypto exchanges. The following steps can be followed to buy a PANDORA token:
- Go to the exchange of your choice and if you don’t already have an account, create one.
- Verify your identity with the exchange. You may be required to provide a valid Government ID card.
- Fund the wallet with the required amount in native currency to purchase PANDORA.
- Convert the native currency to the pair required to purchase PANDORA, more likely to USDT.
- Place the order and the PANDORA coin purchased will be available in the dashboard of exchange.
- Once you’ve purchased your Pandora coins, you’ll need to determine how you will store those coins and more importantly, where. You can keep your Pandora coins on an exchange, in a self-custodial wallet.
Where to BUY PANDORA Token?
Pandora tokens are currently BingX, LBank, OrangeX, Uniswap v3 (Ethereum), and Biconomy Exchange.
Note: collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.