Connect with us

Markets

Pangolin (PNG) soars, 24-hour volume up staggering 5500%

Published

on

  • Pangolin, a multi-chain DEX platform, has surged to multi-month highs.
  • PNG price reached highs of $0.31 as new team outlined comeback roadmap for the DEX

Pangolin (PNG), an Avalanche decentralized exchange (DEX) platform, is experiencing a price uptick as major altcoins struggle amid Bitcoin’s battle to keep the $50,000 level.

PNG is the native governance token of the Pangolin DEX. It is 100% distributed to the community with no team, advisors or investor allocations. The multi-chain DEX platform launched on Avalanche in 2021.

Pangolin (PNG) price soars

PNG rose more than 200% on Friday to trade at highs of $0.31 as 24-hour trading volume jumped to over $4.7 million. The surge in daily trading volume over the past day represents a staggering 5,500% increase, according to data from CoinMarketCap.

The Pangolin market cap has jumped to over $54 million, doubling over the past 24 hours.

Why is Pangolin price skyrocketing?

Gains for PNG price almost entirely constitute this past week’s upside, with the token having struggled to break above $0.12 since December.  

As well as the price, there’s been a rise in activity for the community-driven project. DeFiLlama shows a slight pick in TVL to $31.34 million. Pangolin’s sudden price surge comes as the DEX platform’s new team announced a roadmap aimed at returning it to its “former glory.”

Part of this roadmap includes the unveiling of a new UI/UX, introduction of new pools, token listings and a PangoVerse – a social media platform earmarked for rollout within a year.

Pangolin also announced support for BridgeSwap, bringing asset swaps across Ethereum, Avalanche and Binance Smart Chain to the platform.





Source link

Andrew is a freelance writer. His current focus is blockchain technology and cryptocurrency. One could even call him a blockchain "enthusiast." In addition to content writing.He aspires to travel the world and experience different cultures.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Market Prices

Bitcoin

Bitcoin

$96,936.07

BTC 1.02%

Ethereum

Ethereum

$2,709.47

ETH 1.60%

Tether

Tether

$1.00

USDT 0.01%

Solana

Solana

$197.90

SOL 2.86%

XRP

XRP

$2.69

XRP 10.77%

Polkadot

Polkadot

$5.23

DOT 2.07%

Dogecoin

Dogecoin

$0.27

DOGE 3.62%

USD Coin

USD Coin

$1.00

USDC 0.00%

Binance Coin

Binance Coin

$670.26

BNB -4.35%

Cardano

Cardano

$0.81

ADA 4.86%

Facebook