Investors of some of the best-established cryptos expected renewed momentum in 2024 with the promise of a scheduled Bitcoin (BTC) halving event and likely return to bull market conditions. However, Ethereum (ETH) and Solana (SOL) have succumbed to the continuing bearish sentiment, while new e-commerce crypto Pushd (PUSHD) has hit the ground running with its presale.
Ethereum (ETH) loses momentum in 2024
Ethereum (ETH) enjoyed steady gains in Q3 of 2023 as developers realized the full value of Ethereum (ETH) 2.0. These gains continued into January, with the price of Ethereum (ETH) peaking above $2,700 for the first time since May 2022.
However, since the middle of January 2024, Ethereum (ETH) has come under significant pressure, tumbling by more than 18% to its current trading value of $2,257.39 at the time of writing.
While Ethereum (ETH) remains the original smart contract platform and the blockchain of choice for an overwhelming number of developers, analysts expect Ethereum (ETH) to return to its former strength, albeit more slowly than initially forecast this year.
Solana (SOL) hacking scandal provokes dip
Solana (SOL) looked well set to be one of the best crypto buys in 2023, making more than 1,000% returns in 2023. However, a $4 million crypto hack saw Solana (SOL) lose almost 20% of its value overnight and its spot in the top three cryptos.
While Solana (SOL) continues to depend on its high-speed, low-cost blockchain network to appeal to developers and boost growth, it is also working hard to diversify its range of products with meme coins such as Bonk (BONK).
However with a high market cap, Solana (SOL) may struggle to make the seismic gains investors are used to in 2024, meaning that investors may find better value in ICOs.
Pushd (PUSHD) presale breaking records
Meanwhile bucking the bearish trend afflicting Ethereum (ETH) and Solana (SOL) is a new e-commerce platform, Pushd (PUSHD), which has been breaking records during the early stages of its presale as it allows investors to be part of the world’s first peer-to-peer e-commerce marketplace.
Pushd (PUSHD) is revolutionizing how people buy and sell online by putting them in direct contact. At the same time cutting high commission fees and lengthy wait times to access funds, Pushd (PUSHD) firmly has Amazon and eBay in its sights.
This upstart new player in e-commerce has already gained over 23,500 sign-ups and over 6,000 investors. With the coin priced at just $0.08 in stage 4 of the ICO, Pushd (PUSHD) is being tipped for 50x growth potential this year.
Conclusion
While Ethereum (ETH) and Solana (SOL) remain crypto stalwarts worth a spot in any investment portfolio, investors seeking more from their assets in 2024 should make Pushd (PUSHD) their next port of call as analysts forecast at least 50x returns in 2024.
Find out more about the 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.
Source: null tx
Source: thinkbitcoins