Pangolin is a decentralized crypto assets exchange (DEX). The platform uses the automated market-making (AMM) model to generate liquidity. It offers several unique value propositions like multichain support and community-centered governance.
The platform is powered by its native utility token PNG, creating some resemblance to the popular image file format.
In this article, I will talk about the key features of the Pangolin exchange, the economics of its native coin, its past performance, and price predictions. In the end, you can find the best ways to buy the token, if are looking for that.
Pangolin Key Features
| Automated Market Maker (AMM) | Like Uniswap, Pangolin also uses the AMM model, which allows users to trade assets against liquidity pools. |
| Fast and Cheap | Built on top of the Avalanche Network, Pangolin offers fast and cheap trades. The platform can execute 4,500 transactions per second (TPS), compared to 15–30 TPS of Ethereum. |
| Community-Driven | Pangolin has a loyal community of developers. PNG allows the community to participate in its governance. |
| Multi-Chain Support | The Pangolin network supports a large range of tokens from the Avalanche and Ethereum networks and is also compatible with various blockchains like Flare, Hedera, and NEAR. |
Pangolin (PNG) Tokenomics
The total and maximum distribution of Pangolin is 230 million tokens with a circulating supply of 208 million.
All tokens are distributed to the community, without any allocations to advisors, investors, or insiders. It follows a 4-year emission schedule.
Pangolin (PNG) Past Performance
Starting in April 2021, the Pangolin token got a dream start, with its prices almost doubling in less than two weeks. The opening price was $2.3 and the all-time high was $4.99.
However, it went down the hill in the following months and hit a plateau by mid-2022.
The price continued to be around the $0.1 level for the remaining period until it regained momentum in December 2023.
In February 2024, the PNG price has more than tripled.
When I last checked, PNG was trading at $0.2929, which was 56.66% above yesterday’s prices.
At $73,918,470, the 24-hour trading volume is thrice yesterday’s numbers and the market capitalization stands at $60 million.
Pangolin (PNG) Price Forcast 2024
The technical analysis suggests that the market is Bullish on Pangolin and the Fear & Greed Index shows 72 (Greed).
Pangolin has been in the green territory for 11 days (37%) in the past 30 days with a price volatility of 32.2%.
Our price forecast suggests that PNG prices will drop by -6.65% and reach $ 0.21 by next week.
Pangolin (PNG) Price Forcast 2025
Moving forward to 2025, PNG is forecasted to trade within between $ 0.198 on the low end and $ 0.493 on the high end.
Note that the upper price target will translate into a 78.83% return for the investor compared to current prices.
Pangolin (PNG) Price Forcast 2030
Five more years down the line, PNG is expected to trade between $ 1.018 on the lower side and $ 1.919 on the higher side. This is based on our Pangolin token technical chart.
If the prices hit the upper price target, it would yield the investor a gain of 596.40%.
Where to buy a Pangolin (PNG)?
Since Pangolin itself is a DEX, it makes all the sense to buy the token from there. But if you prefer the CEX route, you can opt for Coinbase, Gate.io, MEXC, or CoinEx.
How to buy a Pangolin (PNG)?
- First, download the Coinbase app on your phone and sign up with a valid ID and proof of address.
- On the payment tab, connect your credit card, debit card, or bank account.
- Navigate to the home tab, select Buy & Sell, and from the list of assets, select Pangolin.
- Enter the amount you want to spend and the app will automatically convert that into the number of PNG tokens.
- Tap ‘preview buy’ and then confirm your purchase by clicking ‘buy now’.
- Once the process is complete, you will be taken to the confirmation page.
Conclusion
With multi-chain support in place, superfast trading speeds, and cheap rates, the Pandolin DEX strikes a sweet spot among crypto exchanges. For the same reason, its native token poses great potential as a crypto investment. The recent price jumps seem to confirm this.
All being said, it’s still worth noting that cryptocurrencies are a high-risk asset class investing without proper understanding or diversification can wipe out one’s personal fortune, especially when combined with leverage. Hence the reader is advised to exercise adequate caution while dealing with such instruments.
