Pushd (PUSHD), a fascinating new presale initiative, has captivated the entire crypto community’s attention. Within the first 72 hours of its presale launch, the project accomplished an incredible milestone, recording over 4,000 sign-ups.
The Pushd presale has gained more attention than more popular altcoins Solana (SOL) and Binance Coin (BNB), which are seeing opposing trends. Let us discuss the reason for this presale’s early success.
Solana (SOL) Fails To Reclaim $120: What Next?
Solana (SOL) was clearly one of the top-performing altcoins in 2023. The price of Solana has increased by more than 800% year-over-year. After an impressive rally, it appears that SOL is beginning to lose some steam.
The Solana coin has faced difficulties reclaiming the $120 resistance. SOL managed to briefly break above this level on December 26, 2023. However, just as quickly, it lost this level. Solana made another attempt at crossing $120 on January 2.
Once again, Solana failed to reclaim this resistance, leading to a decline back to $108. While this has created an air of uncertainty around SOL, the coin is still in bull territory. As long as Solana holds above the $100 support, we could see another attempt to reclaim $120 in the coming days.
Binance Coin (BNB) Hints At Further Upside
While SOL has hit a brief snag, Binance Coin (BNB) has been benefiting from the bull market. On the weekly chart, the price of Binance Coin has increased by 9% to trade as high as $333 on January 3.
This recent rise has resulted in the construction of a bullish flag pattern for BNB. This pattern is frequently interpreted as a continuation of technical formation. If this pattern is maintained, Binance Coin’s price could rise by another 15%.
If this occurs, BNB might reach $410 for the first time since April 2022. BNB trade volume has been increasing, reaching $1.1 billion on January 3. While Binance Coin is trending upward, Pushd is projected to outperform it.
Pushd (PUSHD) Builds Momentum, Gains Over 4,000 Sign-Ups in 72 Hours
Amidst the contrasting trends shown by Solana and Binance Coin, Pushd (PUSHD) has emerged as a beacon of hope. In just 72 hours of its launch, the project has accumulated more than 4,000 sign-ups. What is Pushd? And why is there a massive surge of interest in this new project?
Pushd has built the world’s first decentralized online marketplace on blockchain. Leveraging blockchain technology, Pushd has designed its marketplace to address common pain points in traditional e-commerce marketplaces.
One major problem Pushd solved is the high listing fees marketplaces charge vendors. Pushd has significantly reduced the listing cost on its platform. Because listing fees are lower, vendors would no longer increase the cost of products for buyers as in traditional marketplaces such as ebay and amazon.
Operating on a blockchain also means better security, transparency, and decentralized governance on Pushd than other regular marketplaces. Users can also benefit from no KYC requirements, using crypto for instantaneous transactions and 0% commision swap services on Pushd.
These impressive features put Pushd ahead of every top marketplace in the $6 trillion e-commerce industry. The size of this market and the potential of Pushd to transform it is the reason for its recent growth. The presale is ongoing, with the PUSHD token trading at $0.035.
Closing Thoughts
Pushd appears to have a first-mover advantage in this new market. This is why PUSHD has attracted more attention than SOL and BNB. Given its potential, experts predict a 25x to 100x+ price increase for PUSHD during the 2024 bull market.
Tags: Crypto News