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Binance Coin (BNB) and Tron (TRX) turned in notable performances to close out 2023. Both big-cap coins have a bit more to gain in 2024, but one new project in its presale phase may outshine them in price action. Crypto analysts have identified Pushd (PUSHD) as an early candidate that may perform well in the months to come.
BNB on a roll
BNB has been on a tear since Q4 2023.
It rose to $333 last Jan. 3, indicating an imminent bullish flag pattern forming for BNB.
According to crypto analysts, the flag pattern is often interpreted as a potential continuation of an emerging trend.
Should the uptrend continue in 2024, BNB may soar above $400 for the first time since 2022.
However, while BNB is gaining momentum and seeing increasing trade volumes to start the year, Pushd may outpace it in 2024.
Tron offers diminishing returns in 2024
Tron has grown into one of the top 15 cryptocurrencies by market capitalization.
Tron is up 90% in 2023 after an extended crypto winter wiped out TRX’s gains in 2022.
However, prospective investors need to understand that its large market cap status severely caps the potential return on investment in Tron.
Not surprisingly, growth-focused investors are looking elsewhere for a crypto investment opportunity offering better potential gains than Tron in 2024.
Pushd presale gathering momentum
Pushd plans to build the first decentralized ecommerce marketplace. It aims to make buying and selling online easier using web3-inspired principles.
Vendors will find the ease of listing products as an advantage while eliminating KYC processes.
Users can buy, sell, and host auctions for items on the Pushd platform within mere minutes.
The Pushd platform offers lower listing fees, significantly reducing the prices for buyers. It will be on-chain, meaning buyers and sellers will enjoy transparent transactions and instant payments on the Pushd blockchain.
Instead of waiting days or hours for transactions to complete as users would on traditional web2 marketplaces, they will enjoy instant transaction finality through the blockchain.
Pushd will also operate a swap service, making it convenient for Pushd users to swap their cryptocurrencies within the application easily.
PUSHD presale expectations
Currently, PUSHD is available for $0.035 is stage 1 of the presale.
Notably, 72 hours after launching, over 70% of its stage 1 PUSHD allocation has been sold.
For more information about the Pushd (PUSHD) Presale, visit their website.
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Source: https://crypto.news/pushd-aims-to-revamp-online-trading-could-overtake-bnb-and-tron/