The cryptocurrency market is rapidly expanding, frequently providing opportunities for investors. One of the recent projects that has caught the attention of the Avalanche (AVAX) and Bitcoin (BTC) holders is Pushd (PUSHD). So, why are investors interested in this new presale?
What you'll learn 👉
Avalanche (AVAX) Rally Stalls
The Avalanche (AVAX) network has been gaining a lot of traction recently. The interest in AVAX peaked after a 400% price surge in the fourth quarter of 2023. However, the Avalanche coin failed to break above a key resistance level.
Since failing to break above $50 on Christmas day, the price of Avalanche has been on a decline. On the weekly timeframe, the Avalanche price has decreased by more than 17%, to return to $36.
According to technical indicators, this is a major setback for Avalanche. For AVAX to resume its impressive uptrend, it must now break above the $40 and $50 resistance levels. A major macro factor involving Bitcoin led to the decline in the Avalanche price.
Bitcoin (BTC) Drops Back To $42,500 After Rejection Reports
The high expectations for a spot Bitcoin ETF approval by the SEC have not played out as many expected. Many analysts predicted that the influx of capital would cause the price of Bitcoin to embark on a major rally.
However, as we countdown to the first spot Bitcoin ETF approval, there are rumors that the applications have been rejected. After rallying above $45,800 on January 2, the price of Bitcoin has dropped by 6%, falling back to $42,500 in the process.
There has been no official confirmation on the rejection of the ETFs. However, ETF analyst Eric Balchunas has said that the spot ETF could still be approved. Despite this, the mixed market sentiment has seen many investors turn to Pushd.
Massive Potential of Pushd (PUSHD) Interests Bitcoin and Avalanche Holders
Pushd (PUSHD) is one of the few projects that have been unaffected by the news. This new presale project has recorded more than 4,000 new users within just 72 hours of its launch. The potential of this project to transform the $6 trillion e-commerce industry is the main reason behind its remarkable success.
Pushd has introduced the world’s first decentralized blockchain marketplace. The hefty fees necessary to list products on eCommerce platforms are no longer. This impacts purchasers since sellers and suppliers raise their pricing to offset these costs.
Transactions are faster, immutable, and transparent since PushD runs on a blockchain. Vendors on Pushd no longer have to wait for hours or even 3-5 days to get their payments. Vendors can receive cryptocurrency payments once the transactions are confirmed on the blockchain.
The platform also has its utility token, PUSHD. Now in presale, PUSHD is available for $0.035 per token. However, as the marketplace advances in its plans to transform the $6 trillion e-commerce market, analysts have forecasted a 30x surge for the PUSHD token.
In Conclusion
The new Pushd (PUSHD) presale has emerged as a promising opportunity for Avalanche and Bitcoin holders who are looking to diversify their portfolios.
With the first mover advantage in a $6 trillion market, Pushd has massive upside potential. This is why now is the best time to join the project.
For more information about the Pushd (PUSHD) Presale, visit their website.
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