Pushd (PUSHD) gains over 2,300 holders in 8 days while SOL and ADA drop in value

The post Pushd (PUSHD) gains over 2,300 holders in 8 days while SOL and ADA drop in value appeared first on Coinpedia Fintech News

With over 2,300 new token holders in just eight days after its presale debut, Pushd, a blockchain-based project, is showing promise as the first decentralized online marketplace. In the meantime, Cardano (ADA) and Solana (SOL) are facing difficulties; Solana (SOL) is battling resistance and unfavourable signals, while Cardano (ADA) is continuing its development activities despite setbacks in the decentralized financial industry.

Solana (SOL) Struggles with Resistance

Solana (SOL) is currently grappling with surpassing the $115 resistance following a consistent upward trend. The descent below critical support levels, including the 100 simple moving average, signals a bearish outlook. Presently trading below $95, Solana (SOL) forms a bearish trend line around $89.62. A failure to rally beyond this resistance may lead to further downside, with initial support at $80 and potential testing at the $68 level. Conversely, a successful close above $105 could pave the way for a substantial rally toward $125.

Cardano (ADA) Shows Developer Activity, Yet DeFi Faces Challenges

Cardano (ADA) is distinguished by robust developer engagement, with the highest number of GitHub commits among blockchain platforms. Despite this, a noticeable gap exists between its vibrant development landscape and the performance of its DeFi ecosystem. Recent data shows a surge in GitHub commits, surpassing even Ethereum, but Cardano (ADA)’s DeFi sector experiences subdued engagement. A 21.58% decline in trading volume and a 9.15% downturn in stablecoin transfers within the network signify challenges for Cardano (ADA). Nevertheless, Cardano (ADA)’s DeFi space maintains a total value locked of $356.54 million, led by Indigo with a 23.94% dominance.

Pushd (PUSHD) Reshapes Online Marketplaces

Amidst the challenges faced by Solana (SOL) and Cardano (ADA), Pushd emerges as a disruptive force in the online marketplace realm. The project achieved a significant milestone, attracting over 2,300 new users within eight days of its presale. Pushd stands out with features such as non-existent Know Your Customer (KYC) verification, nominal fees, and prompt transactions. Its unique rewards program, providing user and investor benefits upon reaching milestones, enhances its appeal. Additionally, the ability to swiftly swap coins without additional costs solidifies Pushd’s position as a frontrunner in decentralized online marketplaces.

As Pushd gains momentum, Solana (SOL) and Cardano (ADA) navigate their challenges, reflecting the dynamic nature of the cryptocurrency market. Investors and enthusiasts closely observe unfolding narratives, discerning potential impacts on the future trajectories of these digital assets.

For more information about the Pushd (PUSHD) Presale, visit their website.