In recent times, the price of Stellar has faced rejection at certain resistance levels, whereas Chainlink’s social activity attracts the attention of crypto enthusiasts. Meanwhile, Pushd, a groundbreaking e-commerce platform using blockchain technology, is changing the way buying and selling is done in the online retail space.
Moreover, both Stellar and Chainlink communities are rallying around Pushd as it prepares to outshine eBay in online retail. Meanwhile, investors who understand Pushd’s potential are making moves to secure their slots in its presale so as not to miss out on possible exponential returns in the coming months, based on some analysts’ predictions.
What you'll learn 👉
Stellar Price Analysis
After a steady increase, Stellar was rejected relative to the US dollar at approximately $0.1365. As a result, the XLM/USD pair tested the $0.115 region and fell below the $0.120 support level. An upswing could happen if the pair successfully breaks over the $0.120 resistance zone. If Stellar touches the daily high at the $0.114 resistance level, it will probably cross the 9-day and 21-day MAs.
As of this writing, Stellar is trading at $0.1173, up more than 6% over the past 7 days. However, Stellar may likely touch the resistance levels of $0.150, $0.160, and $0.170 to drive the price higher if the bulls start the upward trend. Stated differently, if the bears reenter the market, any significant selling pressure below the 9-day moving average may push the price in the direction of the channel’s lower border.
Chainlink’s Social Interactions Compared To Bitcoin’s
In-depth information revealed that Chainlink logged over 56.6 million social interactions, compared to over 138.7 million for Bitcoin in the recent past. Interestingly, the coin outperformed Ethereum and the combined social activity of three other cryptocurrencies. Additional information from Santiment shows that Bitcoin’s social volume remained larger than Chainlink’s despite minor declines over the previous few days.
This indicates that interest in the cryptocurrency has persisted despite market swings. Measurements taken have also revealed that Chainlink’s social activity was recorded at 199, and Bitcoin’s social volume peaked at over 5,200. In contrast to Chainlink, which accounted for less than 1% of all crypto-related conversations, Bitcoin had a strong social dominance of over 25%.
Crypto Communities Rally Around Pushd
Users of traditional e-commerce sites such as eBay and Amazon to sell products are frequently faced with onerous fees, protracted KYC procedures, and postponed fund releases, which can cause financial difficulties. However, Pushd promises to solve these issues by providing a blockchain-based, decentralized online marketplace. Pushd eliminates the need for sellers to go through onerous identification procedures and releases payments right away after deals.
The market value of the worldwide e-commerce sector is expected to surpass $6 trillion by 2024, indicating its tremendous growth. In the meanwhile, Pushd is well-positioned to benefit from this trend by providing users with cheaper fees, instant deposits and withdrawals, and a hassle-free cryptocurrency buying and selling experience without the need for KYC checks. Tokens for Pushd are presently priced at $0.144 during Stage 6 of the presale.
Find out more about the Pushd presale by visiting the website here.
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