2024 looks like being the year of the crypto newcomer. With the Bitcoin (BTC) halving event suggesting upturns in fortunes for established coins like Cardano (ADA) and Shiba Inu (SHIB) this year, the early performance of newcomer Pushd (PUSHD) during its presale has left better-known competitors languishing.
Cardano (ADA): Blockchain provider dips in 2024
Cardano (ADA) is a leading layer-2 blockchain provider whose layered architecture enhances scalability and flexibility for app developers. Using the Ouroboros consensus protocol, Cardano (ADA) ensures a sustainable and secure platform courtesy of its proof-of-stake (PoS) mechanism.
While Cardano (ADA) is committed to providing an evolving and innovative blockchain environment, its price performance in 2024 has been worrying.
Now trading at $0.4665 at the time of writing, Cardano (ADA) has dipped 22.9% in the past month, losing much of the progress made in December 2023 when it appeared Cardano (ADA) was entering a bullish run.
Shiba Inu (SHIB): Meme coin giant on the slide
Shiba Inu (SHIB) is another coin whose price has dipped significantly in the early weeks of 2024. In the past month, it has lost more than 20% to its current value of $0.000008715 at the time of writing.
Shiba Inu (SHIB) remains an excellent entry point for new crypto investors to cut their teeth on, thanks to its low entry price and ever-evolving ecosystem. Shiba Inu (SHIB) has diversified to include Shibarium, a layer-2 network enabling fast transactions and more precise throughput.
However, while crypto markets are known for their volatility, meme coins magnify this price action significantly, with Shiba Inu (SHIB) regularly experiencing price pumps and slides in a boom-and-bust cycle. As a result, it’s coming under pressure from upstart newbies.
Pushd (PUSHD): E-commerce newbie gaining momentum
Disruptive newcomers like Pushd (PUSHD), a new force in the world of e-commerce, put pressure on Cardano (ADA) and Shiba Inu (SHIB).
Pushd (PUSHD) is launching a new peer-to-peer e-commerce marketplace where buyers and sellers directly interact to buy and sell goods online without intermediaries like Amazon or eBay.
Users can avoid lengthy KYC processes and benefit from much lower transaction fees and instant access to funds.
The Pushd (PUSHD) presale recently launched and has already gained over 21,500 user signups and over 5,750 token investors. Now in stage four, with tokens priced at just $0.075, the first three stages sold out within three weeks. With momentum like this, analysts forecast Pushd (PUSHD) could provide potential 50x returns this year to ICO investors.
Conclusion
While analysts believe crypto markets will finally return to health in 2024, many established platforms like Cardano (ADA) and Shiba Inu (SHIB) are finding the road to wealth lined with hurdles.
Meanwhile, Pushd (PUSHD) is encountering no such resistance on its road to crypto stardom. Its decentralized e-commerce platform has already gained enormous momentum in the opening weeks of its ICO.
Find out more about the Pushd presale at their official website.
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