When investors think about cryptos, the tokens that typically come to the front of their mind are Bitcoin (BTC) and Ethereum (ETH). These massive tokens dominate the market and draw some of the largest crowds of investors and admirers. Many other blockchains are built on them or modelled after them.
Bitcoin (BTC) and Ethereum (ETH) also see some of the biggest prices and when there are large moves in the market, it usually has something to do with them. Yet, it is the new project, Pushd (PUSHD) that has seen an influx of funding over the two biggest cryptos.
Let’s explore the reasons why.
Bitcoin (BTC) blows past $50,000
Bitcoin (BTC) keeps making waves in the crypto space, especially following its ETF proposal approval. It has moved up significantly and now sits comfortably above $50,000. Bitcoin (BTC) is worth $51,692.85, up nearly 20% from just seven days ago. An investment into one Bitcoin (BTC) at the start of February is worth around $8000 more now.
While there is still speculation as to whether it will maintain this position, the milestone is impressive for Bitcoin (BTC) holders and all of the crypto market.
Ethereum (ETH) nears $3000
Almost $500 has been added to the value of Ethereum (ETH) since February began. Ethereum (ETH) entered the month around $2,250 and has been rising since. Its most recent uptick sees Ethereum (ETH) reach its highest point so far this year, above the previous $2,683 it achieved on the 11th of January. It does not look like Ethereum (ETH) will stop rising any time soon either, currently at $2,748.11, adding 16% from a week ago.
Funding continues for Pushd (PUSHD)
Institutional investors are buying into Pushd (PUSHD) with a rumoured 30% stake in its presale in the last week. Various investors have bought into the project since it started its presale and this interest appears to be growing stronger. What is the allure of this new project?
Its novelty is a strong point. All new projects, especially in the crypto space, have some attention. For Pushd (PUSHD) this attraction is improved by not only being a new project but also the first decentralised digital marketplace.
Pushd (PUSHD) also sticks out because of its features. It offers cheaper transactions through cryptos which save users money and bring more variety. These transactions are also instant.
Its cheap price is another reason investors are considering Pushd (PUSHD). It costs $0.094 in presale and is cheaper than many established coins. Investors see this as an opportunity to get much of a high-potential token at a low price point.
While Bitcoin (BTC) and Ethereum (ETH) are valuable options, investors are tilting towards Pushd (PUSHD) because it is cheaper and has the potential to become a blue-chip crypto. Profits may be likely with other tokens but Pushd (PUSHD) is winning over investors because it looks more promising long term.
Find out more about the Pushd (PUSHD) presale by visiting the website here