which panda coins the wright one?
Here you have Panda PND without premine and swith a strong base
https://bitcointalk.org/index.php?topic=464476.new#new
Tygarbyte, you will have to make your own mind up, but please do a little research. You'll find that the above linked coin (PND) is not hosted on any markets as yet and is a parody of this coin (PANDA).
The original Pandacoin, PAND, seems to have died since it began, but you can verify this by looking at trade volumes on exchanges where its hosted.
PANDA is trading well on both Mintpal.com (quite a nice exchange) and enjoying high volumes on Cryptorush.in. It is also proving fairly profitable to mine.
Again, decide for yourself as no one can or should tell you where to invest.
these are wise words...