Seasoned traders rely on technical analysis, reports, and market data to find and invest in the right asset at the right time. This analysis looks into some recent developments with two popular coins, Ripple (XRP) and Avalanche (AVAX), to show how they have been performing, what top analysts think, and what it all could mean for your investment.
We will also look at the presale that has gotten so much attention, and why investors are moving over to Pushd (PUSHD).
Ripple (XRP) to Continue Sinking?
Conceived as a fast and efficient digital asset for payments and financial services, Ripple (XRP) has an impressive market cap of $31 Billion, making it one of the biggest cryptos. It has remained a major talking point in the crypto space, with much speculation on its price and utility.
Investors in Ripple (XRP) are currently seeing red; quite a lot of it. While the value of the token remains 10% higher than its price three months ago, it has dropped in 60-day, 30-day, 7-day, and 24-hour charts. 1 Ripple (XRP) is 7% less than it was a month ago, and 8% less than it was a week ago.
There appears to be no end in sight to the current trend, and with a crucial conclusion to the case with the U.S. Securities and Exchange Commission in April, many investors are selling their holdings.
Avalanche (AVAX) Farther Away from the Top of the Mountain
Smart contract platform Avalanche (AVAX) entered the limelight with its innovative approach to solving the scalability trilemma. Back in November 2021, it reached an all-time high of almost $150 for a unit of Avalanche (AVAX). Current trends suggest it may not be returning to such heights any time soon.
Avalanche (AVAX) is up 246% in three-month charts, following a rally in the last two months of 2023, with 1 Avalanche (AVAX) worth just under $50 right before Christmas. However, the new year has been less favorable for Avalanche (AVAX), seeing it drop by around 11% in 7-day charts and 4% in 24-hour charts. Many investors believe the momentum is now lost and are opting for newer more exciting assets like Pushd (PUSHD).
Investors Rush to Pushd (PUSHD) Presale
Innovative web3 marketplace Pushd (PUSHD) is attracting investors from all over to its huge presale. It is changing how online marketplaces work by placing security, transparency, and efficiency at the forefront through blockchain technology. Pushd (PUSHD) powers through the rapidly growing global e-commerce industry with standout features like no delays due to no KYC, fast payments, and multi-crypto support.
Buying the token in its presale phase costs only $0.048, and entitles investors to payments from transaction fees on the platform. Users can also contribute to and vote on upcoming improvements to the platform.
There is much Pushd (PUSHD) can achieve with a supply of up to 250 million, and experienced investors are already taking advantage of its prospects.
For more information about the Pushd (PUSHD) Presale, visit their website.