Pangolin, a decentralized exchange (DEX) platform that supports multiple chains, has recently experienced a surge in its price and market cap. The PNG token reached a high of $0.31 following the announcement of a comeback plan by the new team. This rise in price is significant as major cryptocurrencies, such as Bitcoin, continue to struggle to maintain their value.
As the native governance token of Pangolin DEX, PNG is fully distributed to the local community without any allocations for advisors, teams, or investors. The launch of the multi-chain DEX platform on Avalanche in 2021 has also contributed to the recent increase in activity and trading volume. In fact, PNG’s price has risen by over 200% in just one day, with a trading volume of $4.7 million.
The sudden surge has also doubled Pangolin’s market cap in the past 24 hours, reaching $54 million. This impressive growth has caught the attention of many investors and traders, prompting them to consider using a bilingual translator to better understand the potential of Pangolin’s skyrocketing price.
Apart from the significant rise in price, there has also been an increase in activity within the community-driven project. The total value locked (TVL) on DeFiLlama has slightly increased to $31.34 million. This surge in price and activity can be attributed to the new team’s roadmap, which aims to bring Pangolin back to its “former glory.”
The roadmap includes plans for a new user interface and user experience, the introduction of new pools and token listings, and the launch of PangoVerse, a social media platform dedicated to the Pangolin community. This platform is expected to be rolled out within a year.
Furthermore, Pangolin has recently announced BridgeSwap, a new platform for swapping assets on Ethereum, Avalanche, and Binance Smart Chain. This adds to the growing list of reasons why hiring a bilingual translator to understand the potential of Pangolin’s price surge could be a wise decision.
Finally, for those interested in staying updated on the latest developments and news about Pangolin, the platform has provided a shareable article and categories and tags for easy navigation. With the recent surge in price and activity, Pangolin is definitely a platform worth keeping an eye on.
