- Bitcoin and Ethereum Price Decline
- Position of Meme Coins in the Market
- Overview of New Coin PandaWorld
September has historically not been a favorable month for the crypto market, and this year is no exception. Bitcoin and Ethereum prices have significantly decreased, impacting other cryptocurrencies, including meme coins.
Bitcoin and Ethereum Price Decline
Bitcoin recently dropped below $57,000, while Ethereum fell below $2,400. This price decline led to a wave of pessimism in the market, reflecting on the values of other cryptocurrencies.
Position of Meme Coins in the Market
Meme coins were also affected by this decline. The price of PEPE dropped to $0.0000071, down 7% for the day. Other top meme coins like DOGE, BONK, SHIB, and FLOKI also decreased by 4 to 8%.
Overview of New Coin PandaWorld
PandaWorld is a new meme coin distinguishing itself by focusing on creating a sustainable ecosystem offering passive income opportunities for its holders. PandaWorld primarily operates as a 'play-to-earn' gaming platform. This platform includes casino and content hub components designed to generate revenue. A portion of this revenue is pooled and distributed among users who stake their **PADW** tokens, allowing them to earn passive income. The PADW token can be purchased during presale, which has already raised over $115,000. In the future, PandaWorld plans to establish a marketplace for trading NFTs and exclusive merchandise, adding further utility to the token. The total supply is 88.8 billion tokens, with 40% reserved for the presale, 20% for liquidity, 15% for staking rewards, 10% for marketing, 10% for the ecosystem fund, and 5% for the project fund.
September has once again proved to be a challenging month for the crypto market. Despite the decline in prices, meme coins like PandaWorld offer intriguing opportunities for investors with their unique features and passive income model.
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