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One of the good news crypto stories so far in 2024 has been the rapid ascent of Pushd (PUSHD) during its ICO phase. Analysts are already assessing its likely impact once the presale concludes and believe it could end up eclipsing Injective (INJ) and Polkadot (DOT) by Q4 2024. Here's why.
With an estimated $6 trillion annual market valuation, Pushd (PUSHD) is aiming for a massive slice of the pie and acting as a revolutionary force in the e-commerce landscape. Launching a peer-to-peer (P2P) online marketplace that connects buyers and sellers while removing the barriers imposed by centralized bodies like Amazon and eBay.
Utilizing blockchain technology, Pushd (PUSHD) aims to eliminate KYC protocols and reduce transaction fees, opening the door for immediate access to funds and potentially propelling e-commerce to new heights.
With over 25,000 sign ups and 6,000 early-stage investors signed up, Pushd (PUSHD) raced through its first three presale stages selling out within three weeks. Now in stage 4 and priced at just $0.08, Pushd (PUSHD) is backing up the optimism from industry experts.
Injective (INJ) has a pioneering approach to decentralized trading using the outstanding interoperability of Cosmos (ATOM) to facilitate cutting-edge digital asset trading.
However, Injective (INJ) has suffered from token locks which have seen its token price stagnate and sent the coin into a bearish tailspin. In its most recent token unlock, totaling $20.5 million, Injective (INJ) began to plummet.
Although recent days have seen some recovery, the 24-hour performance at the time of writing has seen Injective lose a further 5% to its current level of $34.60, illustrating just how far Injective (INJ) has to go to steady the ship.
Polkadot (DOT) has long been considered a crypto pioneer, leading cross-chain functionality. Its pioneering use of parachains and side chains allowed it to get a head start by offering cross-chain interoperability.
However, as competitors caught on and began to create their own scalable solutions that matched or exceeded Polkadot (DOT), the development team failed to keep up with the pace of change. As a result, Polkadot (DOT) has flatlined.
At the time of writing, Polkadot (DOT) is valued at $6.91, down more than 21% from a month ago and only up 5.2% from the same time last year. No wonder investors are looking for something different.
Investors are having to look hard to find the best crypto investment opportunities in the early weeks of 2024. Yet, with the next Bitcoin (BTC) halving event looming just over the horizon, analysts have clearly identified Pushd (PUSHD) as a leading prospect over Injective (INJ) and Polkadot (DOT) for outstanding growth potential this year.
Find out more about the Pushd presale at their official website.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
