Although many altcoins bounced back as of the past week more than a few notable tokens continued to underperform. According to data from S&P Global Market Intelligence, Filecoin (FIL) is down 3.71% in the past 7 days, while NEAR Protocol (NEAR) didn’t fare much better with a 0.76% loss on the week. On the other hand, decentralized online marketplace Pushd (PUSHD) has surged into the spotlight as it enters stage 4 of its presale, approaching the 6,000 holder mark in under one month.
NEAR Protocol (NEAR) Down 30.4% Since Monthly Highs
NEAR Protocol (NEAR) has been on the wrong end of a massive retracement trading 30.4% below its monthly high and that’s factoring in the recent altcoin resurgence in the past 24 hours. NEAR Protocol (NEAR) was changing hands at $2.83 in the past trading day, with the token up 1% in the past 24 hours. NEAR Protocol (NEAR) trading volume has been on a substantial decline within the past few weeks.
Filecoin (FIL) Breaks Past Resistance
Filecoin (FIL) is currently trading at $5.25. The token’s trading volume was up 24.7% over the past 24 hours at $136 million as per CoinMarketCap data. Filecoin (FIL) prices are down by 2.70% off their 7 day high and 14.3% below their 2 week high. Filecoin (FIL) and NEAR Protocol (NEAR) have the advantage of having real world use and potential for wider adoption making them good undervalued buys at the moment. Filecoin (FIL) broke past resistance at $5.03 in the past trading session.
Pushd (PUSHD) Presale Attracting Fresh Investment with 6,000+ Holders in 4 Weeks
Decentralized online marketplace Pushd (PUSHD) has recorded 6,000+ new holders within the fourth week of its presale. Market analysts believe that Pushd (PUSHD) could be in firm contention to be one of the top performers in 2024. As of this writing, three consecutive stages have been sold out, indicating massive traction ahead of the token’s listing. NEAR Protocol (NEAR) and Filecoin (FIL) have been losing ground to newer projects with greater potential for outsized gains, leading to capital inflows into Pushd (PUSHD).
Retail and institutional interest is building up as Pushd (PUSHD) receives investors taking out early positions in the decentralized P2P E-commerce platform. With the global ecommerce market expected to grow to $9 trillion in 2024, market analysts predict Pushd (PUSHD) could turn in an easy 1,000% this year.
The Pushd (PUSHD) marketplace will feature DeFi utility via staking and yield farming. Pushd (PUSHD) also features a more robust experience compared to Amazon, only with no KYC, low fees and featuring instant deposits and withdrawals. All of these factors, not to mention its low market cap and low introductory price of $0.075 have placed Pushd (PUSHD) in the limelight of best potential investment opportunities this year. Market analysts believe the Pushd (PUSHD) token can go on a run from $0.075 to the $1 to $1.50 range by year end.
Find out more about the Pushd presale at their official website.
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