Pushd (PUSHD), a new online marketplace in stage 5 of its highly subscribed presale, is attracting investors from Ripple (XRP) and Litecoin (LTC) communities. This does not come as a surprise because experienced investors know that sizable gains are made from investing in hidden gems in their early stages.
What makes Pushd (PUSHD) an attractive investment over Ripple (XRP) and Litecoin (LTC)?
Ripple (XRP) Denies XRP Price Manipulation Allegations
Ripple (XRP) has faced legal challenges for some time, especially after the U.S. SEC accused the fintech firm of selling unregistered securities through the sale of XRP tokens. Although Ripple (XRP) scored a partial victory against the SEC in court, the firm has to defend itself from allegations of price manipulation through its programmatic sales.
David Schwartz, the Chief Technology Officer of Ripple (XRP) brushed aside these claims through an X post on February 18th. Since then, the price of Ripple (XRP) has remained nearly flat after its price slightly fell from $0.5517 on February 18th to $0.5449 on February 22nd.
Ripple (XRP) has performed in line with other altcoins as it has gained just over 40% in the past year. While Ripple (XRP) might be a safe bet for some investors, others are interested in new projects like Pushd (PUSHD) because of their potential long-term gains.
Litecoin (LTC) Stumbles After August Halving
While all eyes are on the Bitcoin (BTC) halving event slated to happen in April 2024, Litecoin (LTC) had a similar halving event on August 2nd 2023. There was much fanfare in the run-up to the event but Litecoin (LTC) has since fallen off a cliff.
Litecoin (LTC) is down nearly 26% as its price has slid from $93.82 on August 2nd to $68.76 on February 22nd. During its bullish phase, Litecoin (LTC) surpassed three figures as its price surpassed $110 on July 3rd, a month before the halving.
With Litecoin (LTC) on a downtrend since then investors are reallocating their capital to new and existing projects in search of higher returns. Pushd (PUSHD) has become a target for Litecoin (LTC) holders.
Why are Investors Interested in Pushd (PUSHD)?
Pushd (PUSHD) will be a decentralized online marketplace that allows users to buy, sell, rent and auction their products. Thanks to the use of blockchain technology, Pushd (PUSHD) is poised to disrupt the e-commerce industry, a market worth $6 trillion.
Users and buyers on the Pushd (PUSHD) platform will incur lower fees than they would on a traditional marketplace. The transactions are secure, transparent and immutable due to blockchain technology. Users will also have a say in the governance of the platform.
This has made investors come in numbers to buy Pushd (PUSHD) tokens during stage 5 of the presale where each token costs just $0.11. Pushd (PUSHD) is seen by investors as their golden ticket to high returns in the long run.
Find out more about the PUSHD presale by visiting the website here