After showing the green shoots of recovery in 2023, crypto markets are beginning to blossom in early 2024 ahead of the expected bull run after the next Bitcoin halving. As a result, analysts are predicting the next big coin with Pushd (PUSHD), PancakeSwap (CAKE) and Sei (SEI) being highly regarded.
Pushd (PUSHD) is revolutionizing e-commerce with decentralization
Pushd (PUSHD) is a brand-new idea in the world of e-commerce, as it uses blockchain technology to create the world’s first decentralized online marketplace. Buyers and sellers can use this seamless peer-to-peer marketplace to buy and sell goods with minimal fees and immediate access to funds.
The Pushd (PUSHD) presale has opened in a blaze of glory, selling out its first two stages in just ten days and gaining more than 14,000 user sign-ups. Now priced at $0.060 in stage 3, it is gathering serious attention as one of crypto’s most disruptive new forces.
While the price is a giveaway, investors are also being wowed by the exciting revenue-sharing capability that allows them to share in transaction fees and the token staking system that sees them rewarded for contributing to liquidity pools.
PancakeSwap (CAKE) drops 20%; can it regain momentum?
PancakeSwap (CAKE) is a decentralized exchange (DEX) built on the Binance Smart Chain and has grown to see a trading volume of almost $300 million in BEP-20 tokens. Its market cap of around $750 million has seen it break into the top 100 cryptocurrencies by valuation.
Despite its success in late 2023, PancakeSwap (CAKE) has seen its value drop around 20% in the early days of 2024 from $3.74 on 3rd January to its current value of hovering around the $3.00 mark.
While well short of its ATH of $43.96, analysts are confident that this price action is a temporary blip and that PancakeSwap (CAKE) investors can look forward to a surge in price as the market turns increasingly bullish.
Sei (SEI) enabling crypto trading in 2024
Sei’s (SEI) powerful layer-1 blockchain network was built specifically to support crypto trading. Its innovative Twin-Turbo consensus mechanism allows Sei to process up to 20,000 transactions per second with sub-second completion rates.
With the bull market around the corner, Sei (SEI) has broken through in the early days of 2024, moving from its mid-December price of $0.245 to its value of $0.7304 at the time of writing, trebling its value in less than a month.
As the blockchain of choice for an increasing number of DEXs, Sei (SEI) could enjoy a mighty 2024.
Pushd remains on top
Early signs are that PancakeSwap (CAKE) and Sei (SEI) may enjoy contrasting fortunes in 2024. Yet, both may be eclipsed by Pushd (PUSHD), and its disruptive new e-commerce platform, becoming a genuine challenger to Amazon and eBay.
Find out more about the Pushd presale at their official website