We would get a huge boost in value and, assuming it's not a 1 day thing, maintain it.
1PND=1USD$? It is possible?
Current trading value is around $0.000006/PND, which means the coin has a total market cap around $180,000.
If the coin appreciated to $1/PND, you'd be looking at a marketcap around $32 billion - aka, 4 times larger then BTC's current marketcap.
So... $1/PND might be "possible", but it's pretty damn unlikely anytime soon. You'd be looking at a huge boom in crypto values in general, and PND would have to become one of the top coins.
$0.0001 (1/100th of a penny) seems like a bit more realistic goal.
The entire decentralized digital currency space is still young, barely reaching the levels of widespread adoption that it could potentially reach. The current market segment that have adopted decentralized digital currencies are
not the users that we will be targeting.
The Pandacoin (PND) dev team wants to reach towards those that currently view the entire industry as complicated, daunting and hard to get into. We want to make cryptocurrency easy and appeal to those from all ages and cultural backgrounds, so that even your tech-inept parents could get involved with Pandacoin with ease.
I don't think it's fair to compare Pandacoin with Bitcoin -
there's fundamental issues with Bitcoin (and every other altcoin) that prevent it from achieving a global mass appeal. And we hope to address those fundamental issues, starting with our first set of developments which we will release on the
August of 30th.
Also, we do not see ourselves as competitors to Bitcoin at all. Our team has multiple reasons to believe that in the future, the space of decentralized digital currencies could split into 2 classes - Decentralized digital
commodities (eg. Bitcoin) which are hoarded for their rarity derived due to their low marketcaps and function similarly to gold, used as a safeguard from economic flucuations. Then there's decentralized digital
currencies which would be commonly used as a unit of exchange to purchase goods and services online and offline.
Pandacoin (PND) is well positioned to be the latter, and function as a currency due to its high coin cap, consistently low inflation of 2.5% and being uniquely positioned to be adopted in China and South East Asia, on top of reaching out to mainstream users both online and offline from Western markets.