Bitcoin (BTC) and Ethereum (ETH) have been comfy long-term holds for many, but are anxiously awaiting the approval of a spot Bitcoin exchange-traded fund (ETF).
At the same time, innovative projects like Pushd (PUSHD) are getting closer to the new pre-sale phase.
Supporters of Pushd (PUSHD) can take part in pre-sale and buy tokens here.
Fears of ETF denial trigger Bitcoin (BTC) and Ethereum (ETH) downturn
Bitcoin (BTC) and Ethereum (ETH) are stumbling out of the gates in January 2024. The two largest cryptocurrencies by market capitalization are trading sideways entering the second week of the new year with Bitcoin (BTC) trading around the $44,000 mark and Ethereum (ETH) hovering around $2,200.
The stagnant price action is believed to have resulted from the fear behind the potential denial of Wall Street’s spot Bitcoin (BTC) ETF applications. Analysts predict that the United States Securities and Exchange Commission (SEC) may postpone its decision on the approval or denial of a Bitcoin (BTC) spot ETF until next quarter. Approval can lead to institutions plowing capital into Bitcoin (BTC) and Ethereum (ETH), while the denial could trigger a massive sell-off that may cause Ethereum (ETH) and Bitcoin (BTC) prices to take a nosedive.
Pushd (PUSHD) presale offering investors new opportunities
While Bitcoin (BTC) and Ethereum (ETH) holders sweat bullets over the outcome of their ETF applications, fresh, new projects with limitless growth potential draw scores of investors in 2024.
Pushd (PUSHD) is building the premier decentralized online marketplace solution on Web3. Pushd will amalgamate the best qualities of Web2 ecommerce platforms like Amazon or eBay with the principles and technology of Web3, creating a robust platform supporting low listing fees, transaction costs, and no KYC processes.
Pushd is funding the development and launch of its decentralized marketplace solution with its PUSHD token presale, where prospective investors can buy them at discounted rates of $0.048 as of stage 2. PUSHD will serve as the native token of the decentralized ecommerce platform, while entitling holders to earn from a revenue share on transaction costs users incur on the marketplace.
This incentivizes presale participants to earn greater income the more PUSHD tokens they own.
With ecommerce set to grow to an $8 trillion industry, Pushd (PUSHD) offers potential for parabolic price growth.
Find out more about the Pushd presale at their official website.