Pushd (PUSHD), an upcoming online marketplace, has punched above its weight as investors pile capital into its live presale. The allure of the Pushd (PUSHD) becomes more evident as established cryptocurrencies like Chainlink (LINK) and Dogecoin (DOGE) face uncertain short-term futures.
This article goes into detail as to why Pushd (PUSHD) is attracting investor attention while Chainlink (LINK) and Dogecoin (DOGE) face temporary setbacks.
Chainlink (LINK) Open Interest Spikes
On February 23, the open interest for Chainlink (LINK) reached $450 million. Between January 31 and February 3, Chainlink’s (LINK) open interest jumped from $250 million to $320 million. High open interest denotes investor confidence in an asset.
Due to positive sentiment, Chainlink (LINK)reached a peak of $20.80 on February 12 but has failed to maintain its momentum. Chainlink (LINK) is down to $19.47 on February 28, signaling a 6.39% slide to the downside.
Analysts say Chainlink (LINK) could trade sideways for a while, with a potential for a breakout starting in H2 2024. This has left some Chainlink (LINK) investors preferring to put their capital to effective use by investing in the highly subscribed Pushd (PUSHD) presale.
Whale Transfers $7.9 Million in Dogecoin (DOGE) to Binance
On February 28, a whale transferred more than 80.1 million Dogecoin (DOGE) from an unknown wallet to Binance. At the time of transfer, the value of the Dogecoin (DOGE) transferred is $7.9 million.
Despite the possibility of downward pressure, Dogecoin (DOGE) has reached $0.1, a price that its community of supporters has been calling for. Over the past week, Dogecoin (DOGE) has surged by 19.53% as its price increased from $0.08373 on February 21.
The transfer of Dogecoin (DOGE) to Binance could signal that whales are scaling down on their meme coin holdings. On the other hand, Pushd (PUSHD) has been attracting all kinds of buyers ranging from beginner retail traders to seasoned whales.
Pushd (PUSHD) Grows in Strength During Presale
Pushd (PUSHD) an e-commerce platform built on blockchain technology, has exceeded the expectations of investors and market commentators during its presale. Part of its appeal comes from its desire to offer a secure and transparent online marketplace.
The governance model of Pushd (PUSHD) will give power to the users and investors. At the same time, buyers and sellers will not need to go through the tedious KYC processes that usually prevent some people from using traditional e-commerce platforms.
From the investment front, presale investors will earn a portion of the revenue of the fees generated by the platform. Pushd (PUSHD) will also have a limited supply of 250 million tokens, meaning that its price will likely appreciate as the supply shrinks.
Investors in Pushd (PUSHD) are convinced that the new altcoin is the best crypto investment of 2024.
Find out more about the PushD (PUSHD) presale by visiting the website here
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