June 22, 2024
Crypto

Ethereum recovering, Pushd and Polkadot vie for top crypto position


Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

The crypto market constantly evolves, with new and innovative projects emerging daily. Some popular platforms include Polkadot (DOT) and Ethereum (ETH), each with unique strategies to redefine the market. 

Among them is Pushd (PUSHD), a crypto project currently conducting its presale. 

Ethereum staking platform secures $17m, sparks positive sentiment

Ethereum has a robust ecosystem for creating and implementing decentralized apps (dapps) and smart contracts. 

As a result, its decentralized finance (defi) has a total value locked (TVL) of over $30.7 billion. 

Kiln, a staking platform on Ethereum, recently announced a successful $17 million funding round to democratize value creation. 

This development has improved Ethereum’s outlook, a net positive as the market recovers. 

Ethereum is trading at $2,208, up 43% in the past year, and may recover after the recent retracement.

Polkadot remains under pressure

Polkadot promotes blockchain interoperability. 

It seeks to provide a secure and efficient platform for different blockchains to exchange data. 

However, DOT, its native currency, has been under pressure, fluctuating between $6.04 and $7.46. 

As per the Directional Movement Index (DMI) indicator, DOT remains under pressure at spot rates.

Crypto enthusiasts exploring Pushd

The eCommerce market may reach $8 trillion by 2024. 

Pushd, a new marketplace, has already shown strong demand before its official launch. 

Its unique selling point is that it is built on a web3 platform. It offers a decentralized online marketplace that allows for peer-to-peer (P2P) commerce without intermediaries and excessive fees. 

Market analysts predict PUSHD will rise above $3, buoyed by improving buyer sentiment.

There are over 22,000 sign-ups in the ongoing presale as PUSHD changes hands at $0.075 in the current stage.

Conclusion

The crypto market is fluctuating, with ETH likely to recover. Pushd and Polkadot will likely emerge stronger in the upcoming bull run. For this reason, more investors appear to be exploring Pushd, whose presale is ongoing.

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.


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