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A growing number of analysts are pointing towards billion-dollar meme coins Dogecoin (DOGE) and Shiba Inu (SHIB) losing ground to newly-launched decentralized online marketplace protocol Pushd (PUSHD). With the rapturous reception that the latter’s presale event thus far, crypto observers believe Pushd (PUSHD) will overtake Shiba Inu (SHIB) and Dogecoin (DOGE) in terms of potential price appreciation in 2024.
Less Than 55% of Dogecoin (DOGE) Holders Are In Profit
Crypto analytics outfit IntoTheBlock had a shocking revelation to make about Dogecoin (DOGE) after their research revealed that less than 55% of DOGE holders are actually in the green. Base on IntoTheBlock’s analysis, Dogecoin (DOGE) was the third-worst performer among the top 10 cryptocurrencies by market capitalization. Dogecoin (DOGE) was trading -13.7% in the past 30 days, falling below $0.078 as at press time, and has since fallen out of the top 10.
Can Shiba Inu (SHIB) Burn Rate Pump Prices?
Shiba Inu (SHIB), meanwhile, hasn’t fared much better, losing over 10% of its value in a span of a week. Shiba Inu (SHIB) is down -20% in its year-to-year performance. However, its 3,000% burn rate over the past 24 hours—representing 30 million Shiba Inu (SHIB) tokens being removed from the circulating supply—gives holders some hope that Shiba Inu (SHIB) can reverse its slide. Thus far, Shiba Inu (SHIB) prices are down 3% in the past 24 hours, with the burn having no tangible effect in arresting the slide.
Pushd (PUSHD) Presale Rides Momentum into Stage 3 With 16,000+ Participants
Pushd (PUSHD) has objectively made waves in 2024 after drawing 18,000+ presale registrants within several weeks of launching. Its vision to create a first viable decentralized ecommerce platform to give Amazon and eBay a run for their money has gained traction, underlying the need for a decentralized alternative with minimal fees and KYC. After selling out two straight presale stages—and currently on sold out stage 3—crypto market analysts believe it could outperform the likes of Dogecoin (DOGE) and Shiba Inu (SHIB) in 2024.
Pushd (PUSHD) will also offer users an abundance of income-generating opportunities such as staking, yield farming, and a share in the platform’s revenue proportional to the number of Pushd (PUSHD) tokens an investor owns. Thus far, Pushd (PUSHD) investors will get priority access to the Pushd marketplace, not to mention receive 24/7 customer service. The project has already passed a comprehensive smart contract audit, while Pushd (PUSHD) devs will implement a 20-year liquidity lock to ensure the safety and viability of Pushd (PUSHD) presale in the years to come.
Pushd (PUSHD): The Best Presale Investment Opportunity of the Year
Pushd (PUSHD) is one of the year’s fastest-rising, most promising presale projects. The decentralized online marketplace protocol is being tipped by many market analysts to have the potential to generate a better ROI than Dogecoin (DOGE) or Shiba Inu (SHIB) in 2024. Join the hottest presale investment opportunity that analysts believe can do a 50x ahead of the upcoming bull market.
Find out more about the Pushd presale at their official website.
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Source: https://en.cryptonomist.ch/2024/01/22/news-pushd-dogecoin-shibainu/