Soon after investors thought they were getting a break and the market was going back to normal, many tokens started to dip again. Changing tides are popular in the crypto market and investors have to be prepared for them or prepared to adapt to them. In this case, investors need to know what has happened to the various tokens to determine where to invest, if they even should.
In this analysis, we give readers the information to make these decisions. Our review considers Polygon (MATIC), Stellar (XLM) and Shiba Inu (SHIB) and the extent to which they have been affected. Another token treated in our analysis is Pushd (PUSHD), the crypto changing how marketplaces work.
Discover more right here.
Confusing March for Polygon (MATIC)
Polygon (MATIC) is a layer-2 network built to improve the scalability of the Ethereum (ETH) network. Polygon (MATIC) started March at $1.01 and quickly went up to $1.27. However, it seemed unstable and would come crashing down when the market crash occurred.
Polygon (MATIC) continues a downtrend at the time of writing, selling at $0.92. Polygon (MATIC) declined by 21% compared to a week ago. Most indicators suggest a reversal is still far away and Polygon (MATIC) could be inching toward a free fall.
Stellar (XLM) Losing Propulsion
Stellar (XLM) did well at the start of the month but lost out after the first week. It had shown positive signs before a sharp fall. Stellar (XLM) then picked up again but started declining after the market crash. At press time, Stellar (XLM) is worth $0.1214 per unit. In 7-day charts starting from the 12th of March, it declines by some 18.8%.
Shiba Inu (SHIB) Suffers Unimpressive Week
Only little has changed for Shiba Inu (SHIB) in terms of momentum. And this change is very negative. Shiba Inu (SHIB) had started to decline following its explosive 200% rise but this appears to have gotten much worse. Now, Shiba Inu (SHIB) is only worth $0.00002491. Compared to seven days ago, Shiba Inu (SHIB) is worth 24% less at press time.
As Shiba Inu (SHIB) struggles to regain its footing, investors are closely monitoring its performance amidst evolving market conditions, seeking insights to inform their investment strategies.
Web3 Shopping with Pushd (PUSHD)
Most people are familiar with Amazon and eBay online shops and marketplaces where users can buy or sell whatever they want. Global e-commerce is a strong industry, predicted to be worth around 6 trillion dollars. Yet, for the convenience and connectivity of the industry, it is a deeply frustrating one. Pushd (PUSHD) changes the way the industry works and how users experience digital marketplaces.
Investors could also benefit from investing in Pushd (PUSHD). The token is still cheap, as low as $0.125 per unit. It comes at a bargain and investors won’t lose out on it. Pushd (PUSHD) pays presale investors with some of its transaction revenues. As more transactions occur on the platform following its launch, investors could earn more passive income from their purchase of Pushd (PUSHD).
Find out more about the Pushd (PUSHD) presale by visiting the website here.
