Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Pushd (PUSHD), a new crypto project in its presale phase, is drawing attention from crypto observers. Meanwhile, Chainlink (LINK) and Tron (TRX) holders have dealt with static price action despite a bullish week overall for crypto and altcoins. Analysts say Pushd may outgrow Chainlink and Tron in the short term.
Tron adoption rates increase
Tron has been one of the few cryptocurrencies that survived through the brutal crypto winter.
Adoption rates for Tron and its TRX token have increased in recent months.
TRX has gained adoption in countries like Lebanon, contributing to the growth of the total number of addresses on Tron to almost 200 million.
However, that hasn’t translated to substantial price movement as of Q4 2023. Tron only posted a 2.4% increase over the last 30 days.
Whether 2024 will see a Tron pump commensurate with its growing user base remains to be seen.
Chainlink banking on partnerships to sustain momentum in 2024
Chainlink is going down the partnership route to sustain institutional demand to drive the expansion of its ecosystem.
In 2023, Chainlink agreed with the global banking messaging system SWIFT to explore the potential of Oracle technology.
The deal will explore transferring tokenized assets between private and public distributed ledgers.
Earlier, Chainlink also integrated with Coinbase’s layer-2 solution, Base.
The strategic partnerships are expected to keep Chainlink in the middle of the conversation despite LINK’s modest gains in December 2023.
Pushd presale gathering steam
Investing in projects early on in their life cycles—or better yet, in their presale phases—can make fortunes in crypto.
Pushd is drawing its potential for price growth from the innovation and utility it brings.
The platform is building a web3 online marketplace to rival Amazon and eBay.
It offers a blockchain alternative with no listing fees, low transaction costs, no know-your-customer (KYC) requirements, and more efficient P2P buying, selling, and trading.
Pushd will support auctions, not to mention a swap service for PUSHD holders, all without an intermediary needed.
Pushd is launching its presale event for PUSHD—the ecosystem’s native token underpinning all transactions.
The protocol’s take on decentralized ecommerce may support prices in 2024.
Conclusion
Tron and Chainlink holders will need to temper their enthusiasm as far as gains are concerned.
In the months ahead, Pushd may outperform Chainlink and Tron.
For more information about the Pushd (PUSHD) Presale, visit their website.
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
Read the full article here