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Breaking News: CLARITY Act Nears Last Markup—White House Adviser Sees ‘Rocket Ship’ Crypto Boom
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Breaking News: CLARITY Act Nears Last Markup—White House Adviser Sees ‘Rocket Ship’ Crypto Boom

Tron (TRX) and Avalanche (AVAX) are predicted to fall as holders buy into the new Pushd (PUSHD) presale

Bitcoinist
by Bitcoinist
Last Updated: January 19, 2024 7:24 am
·
Posted in Industry
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Leading altcoins Avalanche (AVAX) and TRON (TRX) appear to be losing traction in recent weeks, as investors opt for alternatives with greater moon potential ahead of the upcoming Bitcoin halving. Pushd (PUSHD) has emerged as a popular destination for Avalanche (AVAX) and TRON (TRX) holders looking for some gains in 2024. Here’s why.

Avalanche (AVAX) Demonstrating Bearish Performance

The recent performances of Avalanche (AVAX) early on in 2024 pale in comparison to its 2023 run which saw it go from $9 to $50 by the fourth quarter of last year. Avalanche (AVAX) is down 9% over the past 30 days, with buy-side demand for the token having noticeably diminished to start the new year. This is further supported by the Avalanche (AVAX) Relative Strength Index currently registering 47, indicating a bearish trend in the works. Avalanche (AVAX) holders run the risk of facing further price corrections. Unless something drastic happens, Avalanche (AVAX) is unlikely to retest resistance at $40 in the next couple of weeks.

TRON (TRX) Cautiously Optimistic Despite Crabbing Prices

Last January 15th, the TRON (TRX) DAO X/Twitter account announced that the Total Value Locked (TVL) on TRON (TRX) has hit an impressive $20 billion, while the value of stablecoins issued on the TRON (TRX) blockchain has reached a staggering $54 billion, giving TRON (TRX) holders reason to be optimistic even as token prices continue to hover around the $0.10 to $0.11 mark for the past 14 days.

Pushd (PUSHD) Presale Drawing Interest from Avalanche (AVAX) and TRON (TRX) Holders

Pushd (PUSHD) has seen its investor base grow as Avalanche (AVAX) and TRON (TRX) holders extend their positions by joining the first-ever decentralized online marketplace protocol’s highly-anticipated presale event.

The narrative is shifting from investing in big-cap coins and chasing meme pumps in favor of projects with real-world utility and innovative qualities, which Pushd (PUSHD) has in spades. Crypto observers are optimistic about the ability of Pushd (PUSHD) to mount a serious challenge to  Web2 ecommerce platforms like Amazon and eBay. Pushd (PUSHD) will feature minimal fees, no KYC, and offer perks such as revenue sharing and passive income opportunities from staking, yield farming, and revenue sharing.

These distinctive qualities set Pushd (PUSHD) head and shoulders apart from other presale investment opportunities thus far in 2024, with its discounted Stage 3 presale price of $0.06 representing an excellent entry point for prospective investors—TRON (TRX) and Avalanche (AVAX) holders included—to extract serious value out of a project with serious legs to run in 2024..

Be In Line for Massive Gains in 2024 with the Pushd (PUSHD) Presale

Pushd (PUSHD) has a limitless ceiling to grow in prominence and price appreciation in 2024. Market analysts believe that the token has the potential to outperform TRON (TRX) and Avalanche (AVAX) this year.

Find out more about the Pushd presale at their official website

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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