Under this analysis #ERC404

#Pandora is the first coin-to-coin dual-image protocol on the eth chain. With 1 token, you will automatically get 1 NFT. Tokens are sold, and NFTs are also sold together. When the token is less than 1, the NFT will be destroyed. (This allows the number of NFTs to increase infinitely, but the total amount will not change)

It is also for this reason that the circulation of NFT must always be smaller than that of tokens, because tokens can be purchased in unlimited splits.

#Pandora NFT has achieved maximum liquidity, and blur’s solution is not on the same level at all. It is precisely because the #ERC404 protocol blur may face the same situation as OpenSea in the future.

At present, #Pandora has retraced about 30% from the highest point of 30,000u. Yesterday, Pandora officials also tweeted to announce that they will optimize the 404 protocol in the future, which means to solve the high gas problem to the greatest extent, which is also the most serious problem of the current 404 protocol.

After optimization, the overall 404 sector should pick up. If not, the death of the 404 protocol sector can be declared. The market follows the trend. Where the hot spots are, the funds will be there. Therefore, if there is still no sign of recovery after optimization, it is basically necessary to g.

In my opinion, Pandora is currently in the deep correction and washout stage after the first wave of highs. After the protocol is optimized, it will break through to new highs. And it won't just stay silent.