When you talk with experienced traders in the market, you get the sense that they are not necessarily opposed to trading and investing in meme coins, but they often criticize the lack of utility these coins typically possess.
Whether we like it or not, memes might be speculative and lacking in real utility, but the trading volumes for meme coins have been high this year.
Just look at PEPE: this meme coin skyrocketed to over a $7 billion market cap in May. It’s now at just $3 billion, so does this mean we are potentially late to the party?
A similar story applies to WIF, another huge meme coin that lost 23% of its value last week. In fact, Dogwifhat’s token is now 70% lower than its all-time high (ATH) in March. This has to hurt their respective holders.
Why PandaWorld Could Be the Next Big Thing
So, should PEPE and WIF holders turn their attention to an early-stage meme coin with real utility and fundamentals? Enter PandaWorld.
PandaWorld is built as a P2E (play-to-earn) gaming platform that includes a casino, content hub, and other revenue-generating components. The native token of the ecosystem is called PADW. This meme coin is currently in presale, which is progressing rapidly, having already raised over $114,000.
A portion of the revenue generated from the platform’s various elements is allocated to a central pool. A casino platform is incorporated into the PandaWorld ecosystem, leveraging blockchain technology to ensure fairness. Users who stake their PADW tokens become eligible to receive a share of this revenue, enabling passive income generation. The total supply of PADW tokens is set at 88.8 billion.
Token distribution includes allocations for presale (40%), liquidity (20%), staking rewards (15%), marketing (10%), an ecosystem fund (10%), and a project fund (5%).
All in all, even though PEPE and WIF made a lot of traders happy earlier this year, they are now, like most top meme coins, frustrating investors with their significant declines. Many are beginning to seek out projects with more tangible utility, making PandaWorld an option for those looking to invest in a meme coin with potential.
Read also: How Much Will Shiba Inu (SHIB) Be Worth in 2025 If Bitcoin Price Hits $100K?
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