Solana (SOL) and Cardano (ADA) haven’t exactly set the crypto world on fire in 2024 with both large-cap coins failing to sustain their Q4 2023 gains, but they remain strong picks to bounce back this year. However, neither Cardano (ADA) or Solana (SOL) are expected to match the potential gains that new contender Pushd (PUSHD) can create this year. Pushd, currently in its presale phase, is building the first decentralized alternative to Amazon and eBay, and it’s set to do a 20x in 2024. Read up to learn why.
Solana (SOL) to Plateau in Demand in 2024?
Solana (SOL) underwent a 24% decline in token prices after hitting a yearly high of $126 last December 25th 2023, currently trading at the $97 mark. Solana (SOL) began the first month of the new year on a muted note, with a marked decline in Solana (SOL) network activity. The downturn in activity coincided with a downturn in price, despite Solana (SOL) being up by 30% from the previous 30 days. However, traders tend to reallocate their capital and portfolios soon as a better opportunity arises. In 2024, those opportunities might have arrived, with protocols like Pushd (PUSHD) drawing more investor appetite than big-cap coins like Solana (SOL) and Cardano (ADA), which have seen a sharp downturn in demand.
Cardano (ADA) TVL Figures Offer Bullish Signal
Cardano (ADA) stagnated at $0.47 a week into the new year, which is anything but bullish considering the growth other big-cap altcoins managed in 2023. However, one key demand metric on Cardano (ADA) that may indicate a bullish future is the total value locked on its growing DeFi ecosystem. Nevertheless, Cardano (ADA) investors need to be aware of the short-term sell pressure from the project’s largest stakeholders that, based on on-chain statistics, appear to sell Cardano (ADA) tokens to raise funding. While the growth of Cardano (ADA) is bullish long-term, the selling pressure may cause Cardano (ADA) prices to underperform over the short term. Currently, Cardano (ADA) trades $0.54 at time of writing, up 10% in the last 24 hours.
Pushd (PUSHD) Records Over 10,000 Registrants for its Presale Event
Pushd (PUSHD) is a revolutionary decentralized ecommerce protocol currently generating plenty of hype behind its presale event. It’s safe to say that the protocol’s ambition to build the first truly decentralized contender to Amazon and eBay has gained mindshare and traction after drawing over 10,000 presale investors to its (PUSHD) token launch only eight days after its announcement.
Pushd plans to create a viable Web3-based alternative to Web2 ecommerce platforms that overcharge with countless hidden fees and listing fees, implement restrictive KYC processes and arbitrary policies that work against the favor of their users. Better still, (PUSHD) token holders will be in line to earn a passive income, with the token granting them a portion of the proceeds generated by Pushd. Pushd is on pace to sell out its presale earlier than scheduled after first selling out its stage one token allocation in under a week. This added utility is one of the key factors driving buy pressure for (PUSHD).
Entering stage 2, (PUSHD) tokens are available at an introductory price of $0.048, a great entry point for prospective investors who want to make substantial gains in 2024. Don’t miss out on the hottest presale event of the year and join the (PUSHD) presale today.
Find out more about the Pushd presale at their official website
X (f.k.a. Twitter) https://twitter.com/pushdstore
Telegram: https://t.me/pushdonline
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.