During the last months of 2023, many projects repositioned themselves as holding Web3 potential. Among them were the older networks, Cardano and Filecoin. Cardano aimed to be a multi-purpose platform, while Filecoin focused on decentralized storage. But, the recent price crash left those assets stagnant. Instead, buyers moved to the Pushd presale, which is now successful with its sixth stage of token placements.
Cardano May Fall Out of the Top 10 Coin List
Cardano has always managed to cling among the top 10 coins, even when nothing big happened for the network and precious few developers were building. Cardano settled around $0.45 in mid-April, displaced by more bullish assets and short-term pumps. For Cardano, the window on vitality seems to be closed, and the coin retreats to another period of sideways trading and a gradual slide.
Cardano trading has also fallen under $500M in 24 hours after the initial acceleration of selling. Tokens traded on exchanges are now pressured by the overall market turbulence. The last few days saw Cardano dip to a low of $0.40 and then attempt a recovery up to $0.48.
At the same time, Cardano is attracting some buyers from the lower range. A new batch of “whales” may buy the dip after the initial panic-selling.
Filecoin Extends Slide Even with Dip Buying
Filecoin is now sinking to position 31 based on its total market cap for $5.91. Filecoin is testing the patience of long-term holders, as it has been in the red for nearly two years. Even during the current bull cycle, Filecoin has not significantly recovered.
During its peak in 2021, Filecoin traded close to $180. Based on that past performance, the project now attempts to position itself as the next Solana with a similar price potential.
Filecoin still trades at around $212M in 24 hours, coming under pressure after the significant Bitcoin correction in April. At this point, the price recovery may take longer, and Filecoin still lacks visibility compared to more active projects.
Pushd Extends E-Commerce with Web3 Platform
Pushd is a new opportunity coming to an otherwise stressed crypto market. The project already reached stage 6 of its token presale, at a discounted price of $0.144. At this rate, only a limited number of buyers will be able to lock in early positions out of a limited asset supply.
Pushd will only mint 250M tokens, of which the team allocation will remain locked for 700 days. To make a functional peer-to-peer marketplace, Pushd will also ensure 20 years of locked liquidity.
Pushd aims to connect merchants and buyers for e-commerce and personal placements. The Web3 marketplace will be accessible only through a wallet and will offer immediate funds transfer with no waiting period for merchants. In addition to its internal marketplace, Pushd will offer a dedicated debit card that can be used with online shops worldwide.
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