Meme coins are good money spinners but lack substantive functionality to give them purpose. Avalanche (AVAX) is trying to straddle the fence by adopting meme coin acquisition but setting it to a stringent set of criteria that satisfies nobody. This wishy-washy stance from Avalanche (AVAX) has seen a selloff due to loss of investor confidence. Investor money seems to be flowing into Binance Coin (BNB), which has shaken off its institutional hassles, and Pushd (PUSHD), which is inviting massive investment to its presale.
Avalanche (AVAX) – confused about its own policies
The Avalanche (AVAX) Foundation has established specific criteria to govern the acquisition of meme coins. These outlined guidelines underscore the imperative that the coins exhibit autonomy from their creators, emphasizing their inherent connection to the Avalanche (AVAX) blockchain. Essential metrics encompass a stipulated minimum market cap of $1 million, liquidity exceeding $200,000, a minimum of 2,000 holders, and a substantial daily trading volume. This comprehensive framework is designed to enhance the credibility and stability of meme coins, reflecting a deliberate and strategic approach to their integration into the Avalanche (AVAX) ecosystem.
While the framework appears commendable, it’s worth noting that these criteria may be perceived as stringent. This potentially results in Avalanche (AVAX) missing out on a substantial opportunity. The subsequent selloff in Avalanche (AVAX) suggests that the foundation might need to reconsider its strategy, as it could be signaling a potential adoption of an unfavorable approach.
Binance Coin (BNB) – holding steady despite Indian hurdle
After the United States, India is the world’s most active crypto market. Or maybe, was. The Indian government instructed Apple to remove the BNB app from its iStore, leading to a loss of several million clients. This is a massive knock to the Binance Coin (BNB) host company, and it saw a selloff amid fears of losing ground. Binance Coin (BNB) laughed off the concerns and quickly reclaimed its number-4 spot back from Solana.
Binance Coin (BNB) is the Nemean Lion: it is virtually impossible to kill, and despite legal hassles in North America, Binance is still going strong, and Binance Coin (BNB) is still a killer investment.
Pushd (PUSHD): Presale lends credibility to new e-commerce giant-slayer
Nothing is too big to fail, and now the e-commerce hegemony is threatened by the Blockchain-based peer-to-peer selling platform Pushd (PUSHD). Pushd (PUSHD) has taken the initiative in the crypto markets and allows cryptocurrencies to be used as actual currencies on its new fully decentralized platform.
This is the democratization of e-commerce. Sellers no longer have to give a substantial amount of income to the platform, as Pushd (PUSHD) has a 0% commission fee, enabling unfettered trading. Pushd (PUSHD) already has over 22,000 signups.
Avalanche (AVAX) will do well to rethink its meme coin policies, but it is not a bad investment to hold. However, Binance Coin (BNB) offers stability in a volatile market. But for real growth, investors should consider partaking in the 4th phase of the Pushd (PUSHD) presale, where tokens are available at $0.075.
Find out more about the Pushd presale at their official website.