Press Release

Bitcoin (BTC) whale investor sells huge amount to buy into new Pushd (PUSHD) presale over the likes of Ripple (XRP) and Ethereum (ETH)

Bitcoin (BTC) whale investor sells huge amount to buy into new Pushd (PUSHD) presale over the likes of Ripple (XRP) and Ethereum (ETH)

A Bitcoin (BTC) investor recently sold a vast amount of their Bitcoin (BTC) to join the upcoming Pushd (PUSHD) presale. This move grabbed attention away from Ripple (XRP) and Ethereum (ETH). Ripple (XRP) value dropped by 10.98% in the past week, but there are signs it might bounce back, as on-chain data suggests fewer losses and positive accumulation patterns. Now having more long-term holders than Bitcoin (BTC), Ethereum (ETH) is gaining trust due to ongoing improvements and a growing Layer 2 system. At the same time, Pushd (PUSHD) is gaining traction in its presale, drawing interest from Ripple (XRP) and Ethereum (ETH) communities, positioning itself as a strong contender in e-commerce with potential profits in 2024.

Ripple (XRP): Signs of Potential Recovery Amidst Downtrend

Over the past week, Ripple (XRP) has experienced a notable 8% decline, extending a downtrend that began on November 13. Despite the current price resting at $0.5153, there are indications of a potential recovery according to on-chain metrics. Notably, transactions involving whales, valued at $100,000 and above, have seen a decrease, suggesting a slowdown in the selling of Ripple (XRP) at losses.

Analyzing the distribution of Ripple (XRP) among market participants reveals optimistic trends. Holders with 10 million to 100 million tokens are consistently accumulating during market dips, indicating a bullish sentiment. Although there was a brief decline, development activity has shown an increase, providing a hint at a plausible price recovery.

In terms of resistance levels, it is crucial to monitor $0.5930, $0.6183, and $0.6474, as they play a significant role in determining the potential for a 12% upward movement. Overall, despite recent declines, various metrics suggest a nuanced outlook for Ripple (XRP) in the current market conditions.

Ethereum (ETH): Long-Term Holders Surpass Bitcoin (BTC), Reflecting Trust in Future Growth

The Ethereum (ETH) network has witnessed a notable development as long-term holders have now surpassed those of Bitcoin (BTC), highlighting an escalating trust in the platform’s long-term prospects. This trend is clearly illustrated by the Hodler Ratio chart, which indicates a consistent increase in the percentage of Ethereum (ETH) holders who are committed to holding their assets for an extended period.

Several factors contribute to this shift in investor behavior. Notably, the Ethereum (ETH) network has been characterized by continuous development efforts, the unveiling of a new roadmap, and the flourishing of its ecosystem, particularly on Layer 2 networks. Despite facing challenges in terms of price performance compared to some other cryptocurrencies, Ethereum (ETH) has strategically focused on enhancing usability through the implementation of Layer 2 solutions.

Pushd (PUSHD): E-commerce Challenger Gains Traction in Presale Stages

Pushd (PUSHD), approaching the fourth stage of its presale, garners attention as a potential e-commerce disruptor. The ongoing presale, attracting 21,500 sign ups & over 5,750 holders, including participants from Ripple (XRP) and Ethereum (ETH) communities, positions Pushd (pushd) favorably. Priced at $0.075 per token, Pushd (PUSHD) aims to challenge established online marketplaces like Amazon and eBay. With simplified KYC processes and low transaction fees, Pushd (PUSHD) stands out. Strong demand in presale stages, consistently selling out in days, suggests growing interest. A limited supply of 250 million tokens hints at significant returns on investment in 2024.


Find out more about the Pushd presale at their official website.

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