Ethereum (ETH) and USDC (USDC) whales are flocking to the Pushd (PUSHD) presale in search of higher gains in the future. This comes after JP Morgan Chase, one of the largest investment banks in the world, claimed that the upcoming Bitcoin (BTC) halving and future Ethereum (ETH) upgrades are already priced in by the market.
Will Pushd (PUSHD) prove to be a better investment option than Ethereum (ETH) and USDC (USDC)?
The investment bank JP Morgan has given insights on catalysts that could move cryptocurrencies, particularly Ethereum (ETH), in the short term. JP Morgan claimed that the upcoming Bitcoin halving event and future Ethereum (ETH) upgrades are already baked into the current prices of crypto assets.
Ethereum (ETH) is currently trading at $3,248.82, indicating a 42.3% year-to-date (YTD) increase from $2,282.87 on January 1st. JP Morgan also highlighted that the U.S. Securities and Exchange Commission (SEC) has to either approve or reject a spot Ethereum (ETH) ETF in May.
Analysts expect the price of Ethereum (ETH) to continue rising in the short term and eventually reach new highs in Q2 2024. Ethereum (ETH) is a blue-chip crypto after all. However, some Ethereum (ETH) whales are investing in Pushd (PUSHD) in search of bigger gains.
Coincheck has collaborated with Circle, the parent company of USDC (USDC), to broaden the reach of the stablecoin in Japan. This development follows a wave of fresh capital entering the crypto market, and this could see more USDC (USDC) holders investing in different projects.
USDC (USDC) has become an important part of the crypto ecosystem because it is used as a hedging mechanism. With the market turning hot, USDC (USDC) holders are looking at promising projects like Pushd (PUSHD).
Analysts believe that USDC (USDC) will offer a strong challenge to USDT (USDT) in the stablecoin segment. As retail investor interest increases, USDC (USDC) is tipped to be the entry point for many market participants.
Ethereum (ETH) and USDC (USDC) whales have been diversifying their holdings with Pushd (PUSHD) attracting capital from them. Pushd (PUSHD) will be an e-commerce platform that aims to rival the likes of Amazon and eBay by leveraging blockchain technology to improve security and transparency.
Investors enjoy several benefits from investing in Pushd (PUSHD) during its presale. They will be entitled to a share of the revenue generated by Pushd (PUSHD) from transaction fees and will get early access to the platform before it is opened to the public.
Pushd (PUSHD) will mint only 250 million tokens. This will result in the token’s price appreciation due to an increase in demand and a decrease in supply. Forward thinking investors are scooping Pushd (PUSHD) at a low price of just $0.11 in Stage 5 of the ongoing presale.
Find out more about the Pushd (PUSHD) presale by visiting the website here
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