#newcoin #news #cryptoFuture

A little-known cryptocurrency has risen in price by 5000% in a week!!!

The Pandora cryptocurrency token, issued on the basis of a new standard, soared hundreds of times in value in just a few days after the start of trading on exchanges.

According to crypto aggregators CoinMarketCap and CoinGecko, Pandora (PANDORA) tokens started trading on 4 February, when its price was around $600. However, within the first week of its launch, the rate exceeded $32 000 per token, which is more than 50 times its initial value.

So far, the token is traded on a limited number of exchanges. At the same time, CoinMarketCap notes that the token's market capitalisation has not yet been confirmed.

Pandora is the first token issued on the new ERC-404 standard, which is a mixed implementation of ERC-20/ERC-721. This means that when you buy the coin, an NFT will also automatically appear on your wallet.

The total supply of the crypto asset is limited to only 10,000 coins, and the number of holders is less than 1,500. Since the experimental standard has not yet been tested, some crypto developers point to security risks.