Home / Crypto Analysis / Price Predictions / Pandora Price Prediction 2024: PANDORA ERC-404 Tokens Gain Traction

Pandora Price Prediction 2024: PANDORA ERC-404 Tokens Gain Traction

Last Updated February 9, 2024 1:15 PM
Peter Henn
Last Updated February 9, 2024 1:15 PM

Key Takeaways

  • PANDORA is an ERC-404 token, meaning it combines traditional crypto with NFTs.
  • It came out in early 2024 and aims to provide liquidity to the NFT market.
  • Can Pandora build on early growth?
  • One Pandora price prediction says the token can reach $73,742 next year. 

Pandora is a crypto which aims to combine traditional tokens with non-fungible tokens (NFTs). Coming out in early 2024, PANDORA has gained interest as it attempts to provide liquidity to the NFT market. 

However, the project’s future will depend, at least in some part, as to whether it can get its ERC-404 token standard officially approved by Ethereum (ETH).

On February 9 2024, Pandora was worth about $28,640. 

Pandora did not immediately respond to a request for comment.

But what is Pandora (PANDORA)? How does Pandora work? Let’s see what we can find out, and also take a look at some of the Pandora Price Predictions that were being made as of February 9 2024.

Pandora Coin Price Prediction

Let’s examine some of the Pandora price predictions being made on February 9 2024. It is crucial to bear in mind that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate. Additionally, please remember that many long-term crypto price predictions are generated using algorithms, which means they can change at any time.

2024 2025 2030
Prediction #1 $58,265 $73,742 $207,930
Prediction #2 $29,859 $31,352 $40,015
Prediction #3 $44,380 $67,039 $319,901

Pandora Price Prediction for 2024

DigitalCoinPrice  had a short-term Pandora price prediction that said it would be worth $58,265 this year. Meanwhile, Bitget  said the token would trade at $29,859 then. PricePrediction.net  thought PANDORA would reach $44,380 by the end of 2024. 

Pandora Price Prediction for 2025

Moving on, DigitalCoinPrice’s Pandora price forecast said the crypto would reach $73,742 in 2025, while Bitget had it at $31,352 then. PricePrediction.net said it would trade as high as $67,039 next year.  

Pandora Price Prediction for 2030

Looking at a more long-term Pandora price prediction, DigitalCoinPrice said that the token would reach $207,930 in 2030. Meanwhile, Bitget said it would reach $40,015 then. PricePrediction.net’s PANDORA price prediction said it would reach $319,901 at the start of the next decade

Google Gemini AI Price Prediction for Pandora (as of February 9)

Google’s Gemini AI platform gave the following price prediction for Pandora on February 9. Please remember that the exact price prediction of an asset or cryptocurrency in the future is nearly impossible to achieve. Additionally, artificial intelligent price predictions are predicated on past performances and are in no way entirely accurate.

It said: “Unfortunately, I cannot provide financial advice and making future price predictions for any asset, including Pandora (PANDORA) tokens, is inherently risky and uncertain. However, I can share some information and considerations that may help you form your own opinion.”

Recent Price Movement:

  • Pandora’s price recently experienced a significant surge due to the implementation of the ERC404 standard, with some traders reporting large gains.
  • This rapid increase should be treated with caution, as it could be driven by hype and speculation rather than long-term fundamentals.

Technical Analysis:

  • Currently, the technical analysis indicates a neutral trend for Pandora, with the price hovering between the 50-day and 200-day moving averages.
  • This makes it difficult to predict the future direction with certainty.

Fundamental Analysis:

  • The potential of the ERC404 protocol to improve NFT liquidity is promising, but its long-term impact on Pandora’s price is yet to be seen.
  • The overall health of the cryptocurrency market and broader economic factors will also play a significant role in determining Pandora’s future price.

Therefore, instead of predicting specific prices, I suggest considering these factors:

  • Short-term (Days to weeks): High volatility is likely due to the recent price surge and continued speculation around ERC404.
  • Medium-term (Months): Price movement will depend on adoption of ERC404, team execution, and broader market sentiment.
  • Long-term (Years): Success of ERC404 and its integration into the NFT ecosystem will be crucial for sustained price appreciation.

It added: “Remember, investing in any cryptocurrency carries significant risks. Always do your own research and consider your financial situation before making any investment decisions.”

PANDORA Price History

Now, let’s examine the, admittedly brief, Pandora price history . While we should never take past performance as an indicator of future results, knowing what the token has achieved can provide us with some very useful context if we want to make or interpret a Pandora price prediction.

Pandora Price History
Pandora came out in early 2024 | Credit: CoinMarketCap

When PANDORA first hit the open market on February 5, it traded at an all-time low of $4,018.12. However, it soon moved up, breaking past $10,000 on February 7. By February 9, it was at an all-time high of $31,956, but it soon moved down to trade at around $28,640 later that day. 

At that time, there were a self-reported 8,000 PANDORA in circulation out of a total supply of 10,000. If that figure were correct, it would give Pandora a market cap of around $251 million, which would make it something like the 228th-largest crypto by that metric. 

Pandora Price Analysis

Pandora has performed relatively well in its brief time on the open market. The crypto rose by nearly 700% to reach its all-time high, but it has dropped 10% in a few hours. 

Is Pandora a Good Investment?

It is hard to say. The token has only been traded for a few days, and we don’t know if it can maintain its momentum. A lot will depend on whether or not plans to make it official get approved. 

As ever with crypto, you will need to make sure you do your own research before deciding whether or not to invest in PANDORA.

Will Pandora go up or down?

No one can really tell right now. While the Pandora crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind, too, that prices can, and do, go down as well as up. 

Should I invest in Pandora?

Before you decide whether or not to invest in Pandora, you will have to do your own research, not only on PANDORA, but on other, related, coins and tokens such as ApeCoin (APE). Either way, you will also need to make sure that you never invest more money than you can afford to lose.

Pandora (PANDORA) Explained

Pandora  has its origins in Emerald, a project which would combine traditional crypto tokens with NFTs. Although that project got hacked, in early 2024 a group of anonymous developers teamed together to use the technology behind Emerald to create the PANDORA token. 

How Pandora Works

Pandora is an ERC-404 token. This means that it combines the features of traditional tokens with NFTs. People who buy a PANDORA token get a token, but also get a so-called replicant NFT with it. This NFT is artificially generated and can, crucially, be sold. However, holders can also sell their main PANDORA token, which is then burned, or taken out of circulation. 

This means that, at least in theory, Pandora can provide liquidity to the NFT market. 

Pandora is based on Ethereum. This means that it is a token, rather than a coin. You might see references to such things as a Pandora coin price prediction, but these are wrong. 

Pandora Attention Tracker

Pandora Crypto Google Search Volume
Pandora crypto Google search volume | Credit: Google

Here is a chart for the Pandora crypto Google search volume for the past 90 days. This represents how many times the term “Pandora crypto” has been Googled over the previous 90 days. 

FAQs 

How many Pandora are there?

On February 9 2024, there were a self-reported 8,000 PANDORA in circulation out of a total supply of 10,000.

Will Pandora reach $1 Million?

It might do, but not for quite a long time. PricePrediction.net thinks Pandora can reach seven figures in 2033.

What is Pandora used for?

The PANDORA cryptocurrency aims to provide liquidity to the NFT market.

Disclaimer 

Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

Was this Article helpful? Yes No