The Pushd (PUSHD) presale is expected to earn huge gains for its holders as the cryptocurrency bull run takes shape. Ethereum (ETH) and Tron (TRX) are enjoying a good rally, but their holders are also investing in PUSHD because of the latter’s push to be a force to reckon with in e-commerce, an industry worth $6 trillion.
Let’s explore why Pushd (PUSHD) is currently an attractive investment option alongside Ethereum and Tron.
Ethereum (ETH) traders turn bearish
Ethereum options traders are gearing up for potential short-term price declines following a robust surge that saw ETH surpass $4,000, its highest price since late 2021.
Ethereum (ETH) is trading at $4,028 on March 12, 62% higher than its price of $2,515 a month ago on February 12. After hitting another milestone, there is a higher chance that some traders may want to take some profits.
The one-month call-put skew for Ethereum, a key indicator in the options market signaling sentiment, has shifted into negative territory.
This suggests a notable preference for puts, options utilized to hedge against bearish market trends.
This shift in options sentiment may indicate a cautious outlook among traders regarding Ethereum’s immediate future as they anticipate and prepare for possible market corrections in the wake of its recent price ascent.
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Some investors may hedge their Ethereum (ETH) profits by buying Pushd (PUSHD), an upcoming online marketplace that has set the presale world on fire.
Accounts exceed 217 million on Tron (TRX) network
The Tron network is growing in leaps and bounds after it was announced on March 11 that the ecosystem had exceeded 217 million accounts. This is a major milestone for TRX, underscoring the fact that more people are using the Tron (TRX) Blockchain.
Analysts claim that the low fees and fast transactions are the main reasons behind Tron’s growth.
TRX is slightly down on the daily chart after its price decreased from $0.1322 on March 11 to $0.1318 on March 12. Analysts claim that the market Tron (TRX) has the potential for another upswing in the future
On the other hand, TRX holders are participating in the Pushd (PUSHD) presale as they aim to make huge profits in the latter stages of the bull run.
Pushd (PUSHD) continues to rip in its presale stage
Pushd (PUSHD), a new online marketplace utilizing Blockchain technology to rival e-commerce giants such as eBay and Amazon, looks primed for big gains as it makes major inroads during its ongoing presale.
Pushd is making for itself by introducing a decentralized online marketplace that liberates users from the burden of KYC obligations. This increases the user base and, by extension, the possible income for investors who are entitled to a share of the platform’s revenue.
Investors are flocking to the Pushd (PUSHD) presale, which has already hit stage 6, where users can buy each PUSHD token for only $0.125.
The influx of smart money into Pushd is also bringing in an increasing number of retail investors who want to miss out on Pushd’s imminent gains.
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Find out more about the Pushd (PUSHD) presale by visiting the website here.
Disclaimer: This article is sponsored content and is not financial advice. CryptoNewsZ does not endorse or guarantee the accuracy of the content. Readers should verify information independently and exercise caution when dealing with any mentioned company. Investing in cryptocurrencies is risky, and seeking advice from a qualified professional is recommended.
