It’s safe to say that the bullish sentiment surrounding the Bitcoin (BTC) ETF approvals is well and truly gone. Bitcoin (BTC) is down over 20% since the announcement, while Ethereum (ETH) followed shortly with a 7% dump. The market downturn, however, was a catalyst for decentralized ecommerce marketplace Pushd (PUSHD) drawing over 21,500 early sign ups to its much-awaited presale. Market analysts believe Pushd (PUSHD) could generate a better ROI than big-caps Bitcoin (BTC) and Ethereum (ETH) in 2024.
Bitcoin (BTC) Slides Below $40K; Down over 20% Post-ETF Approval
Bitcoin (BTC) dropped below $40,000 since December as selling pressure hasn’t let up since the ETF approvals last January 11th, despite capital flowing into the said Bitcoin (BTC) ETFs. Immediately after they began trading, Bitcoin (BTC) touched $49,000 until losing almost 20% of its value as it trades at $39,367 as of this writing. Bitcoin (BTC) prices are at their weakest, but still well above a 1.5x from 12 months ago.
Ethereum (ETH) Follows Suit After Bitcoin (BTC) Dumps
Ethereum (ETH) fell by 7% as of January 22nd, relinquishing most of its gains in the wake of the bullish sentiment the spot Bitcoin (BTC) approval generated. As of 3:00 PM ET, Ethereum (ETH) has depreciated by 7% in the past 24 hours, trading around $2,190 as of this writing. Will Ethereum (ETH) cough up all its recent gains in the next week or so? That remains to be seen.
Pushd (PUSHD) Presale Enters Stage 4 With Bullish Momentum
Pushd (PUSHD) is currently trading in stage 4 of its well-received presale launch as 20,000+ sign ups, trading at a price of $0,075. Bitcoin (BTC) and Ethereum (ETH) whales among them, register. The reception is massive, considering Pushd (PUSHD) just launched three weeks ago. The demand indicates high interest and buying pressure even before Pushd (PUSHD) launches on crypto exchanges, which is bullish for Pushd (PUSHD) prices. Pushd (PUSHD) tokens will be available at a discounted rate of $0.075 during stage 4, representing an ideal entry opportunity for presale investors looking for more substantial gains in 2024.
The organic demand Pushd (PUSHD) has generated has market analysts predicting that it could be among the top-performing altcoins of 2024. Pushd (PUSHD) is building the premier decentralized online marketplace enabling P2P commerce without intermediaries, excessive fees, and KYC. Pushd (PUSHD) is launching at an ideal time, just as ecommerce is set to grow to an $8 trillion industry in 2024. Pair that with the Bitcoin (BTC) halving and bull run cycle for 2024 and 2025, and you have a potential 30x gain waiting in the wings for Pushd (PUSHD).
Considering the protocol’s real-world utility, market observers predict that the massive demand for Pushd (PUSHD) could propel token prices past $3 in a bull market scenario.
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.
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Source: thinkbitcoins