As 2024 revs up towards the Bitcoin (BTC) halving event, two established crypto giants, Solana (SOL) and Cardano (ADA), are battling existential threats to their profitability.
One new coin that is defying expectations and building incredible momentum is Pushd (PUSHD), a new decentralized e-commerce platform. Here’s why it’s tipped as the best crypto investment in 2024.
Solana (SOL) faces phishing attacks and price drops
Solana (SOL), is a Layer-1 blockchain platform that uses a unique hybrid consensus mechanism. It faced another setback in early 2024, with over 4,000 Solana (SOL) users losing over $4 million to phishing scams.
Security firm Scam Sniffer identified two significant Solana (SOL) wallet drainers responsible for the $4.17 million loss and a phishing campaign on the DuckDuckGo search engine.
After briefly returning above $100, the Solana (SOL) price dropped after the scam was reported by crypto news outlets as investor confidence in the coin hit yet another setback.
Cardano (ADA) ETF scrutiny holds back price
Meanwhile, after Cardano (ADA) suffered specific trading pairs being excluded from the Huobi crypto exchange in June 2023, the coin came under further scrutiny after Cardano (ADA) was one of the coins approved for ETF investments.
While many coins have seen a surge in the immediate aftermath of spot ETF approval, Cardano (ADA) has seen a correction in the early weeks of 2024. Its price fell by 11.5% over the past month to its current trading value at the time of writing of $0.5298.
Whether this is symptomatic of investor confidence in Cardano (ADA) failing or simply a price reset ahead of the expected coming bull market remains to be seen in the next few months.
Pushd (PUSHD) crypto presale sparks investor frenzy
The Pushd (PUSHD) presale is capturing the imagination of the crypto investment community, having gained more than 18,000 user sign-ups and over 4,700 holders already. With stages 1 and 2 and 3 selling out within 20 days, stage 4 is forecasted to sell out fast – priced at just $0.075 each.
What exactly is behind this momentum? Pushd (PUSHD) provides users with a brand-new, fully decentralized marketplace where buyers and sellers conduct business directly. Think Amazon and eBay, without the transaction fees and lengthy waiting times to deposit and withdraw funds.
Pushd also offers appealing staking rewards between 7% and 17% to further extend this upstart presale coin’s vast appeal, attracting investors in their droves.
While established coins such as Solana (SOL) and Cardano (ADA) continue to negotiate investor scrutiny, security concerns, and other existential threats to their futures, Pushd (PUSHD) is reaping the rewards of its unique approach.
Harnessing the knowledge of a seasoned project team with expertise from Amazon and eBay, Pushd is enticing investors with its brand-new, innovative vision for the decentralized online marketplace.
Find out more about the Pushd (PUSHD) presale at their official website.
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.