Cardano Holders Buckle Up for Stormy Times, While Bullish Pushd (PUSHD) Obtains Ethereum Whale

The post Cardano Holders Buckle Up for Stormy Times, While Bullish Pushd (PUSHD) Obtains Ethereum Whale appeared first on Coinpedia Fintech News

The cryptocurrency market is constantly filled with ups and downs. Tokens may do well one day and underperform the other. One of the tokens that has been underperforming is Cardano (ADA). On the other hand, there’s Pushd (PUSHD) which has recently obtained Ethereum (ETH) whale. It’s currently on presale for only $0.11. 

Cardano (ADA) Declines

Recently, the Cardano (ADA) market has shown off a trend that its holders find concerning. There’s been a very noticeable decline in trading volume which raises the possibility that the recent price rally in Cardano (ADA) is losing steam and could herald an impending period of volatility and price correction. This trend of declining trading volume is a critical warning sign because it points to the fact that there is insufficient confidence in the Cardano (ADA) ability to maintain its current price levels. 

The support that has raised the price of Cardano (ADA) is becoming more fragile as trading volume declines with fewer buyers to absorb the sell orders, this can result in a scenario where even a small sell-off could cause a disproportionate price drop. To cushion this possibility, Cardano (ADA) holders are investing heavily in Pushd (PUSHD). 

Ethereum (ETH) Slows Down 

Ethereum (ETH)  has been experiencing a bullish surge but all good things eventually come to an end or at least slow down. The price of the second-largest cryptocurrency by market capitalization has increased dramatically but these high rises are accompanied by worries about sustainability and the possibility of a reversal. This is why the Ethereum (ETH) whale has moved to Pushd (PUSHD). 

Ethereum (ETH) is currently in a cautious state. The momentum indicators are starting to indicate that the token might be overdone, even though it is still in bullish territory. The momentum oscillator or RSI, is getting close to levels that usually signal overbought conditions which may signal the start of a price correction. 

Pushd (PUSHD) Remains Bullish 

Pushd (PUSHD) is an online marketplace that links vendors and consumers. Online vendors get to list their products for sale and consumers can buy directly from a variety of vendors. There’s a specific price for each item to be sold like the average e-commerce platform or the goods are put up for auction. 

The blockchain technology makes it possible for the network to be transparent and ensures that every single transaction is secure. This implies that both buyers and sellers may rely on the completion of their transactions being free from outside intervention and the safe and long-term storage of transaction records. 

To make the platform more accessible there is a lower fee than what buyers and sellers would normally pay on conventional e-commerce platforms thanks to the decentralized model. These reduced fees allow for greater funding to be directed toward the platform’s expansion and improvement, which benefits users as well as investors. Also, the governance system is decentralized making it possible for all parties involved to influence the platform’s growth and direction. 

Holders of Pushd (PUSHD) can influence decisions and suggest modifications to the features and guidelines of the platform. At stage five of the presale, Pushd (PUSHD) has a price of just $0.11. 

Find out more about the Pushd (PUSHD) presale by visiting the website here.