In recent news, Solana (SOL) was recently added to HKVAC’s Top 5 Global Large Cryptocurrency Index after overtaking Ripple (XRP) for the fifth-largest cryptocurrency by market cap. On the other hand, Toncoin (TON) has largely underperformed over the past 12 months even as altcoins surged in Q4 2023. However, Solana (SOL) or Toncoin (TON) aren’t ideal for investors looking to make a buck this year. Instead, the money is in low-cap gems with greater growth potential. Pushd (PUSHD)–the world’s first viable alternative online marketplace protocol–is widely believed to be a prime candidate to surge in value in 2024. Here’s why Solana and Toncoin investors are rushing in to join its presale event.
Solana (SOL) Unseats Ripple (XRP) for Fifth Place in Total Market Cap
In December 2023, Solana (SOL) surpassed Ripple’s XRP as the 5th largest cryptocurrency. Following this, Hong Kong’s HKVAC rebalanced its index, adding SOL and removing XRP from the HKVAC Top 5 Global Large Cryptocurrency Index effective January 19, 2024. However, despite Solana’s recent run to $126 last December 25th, SOL pulled back all the way below $90 to start the year. As at press time, Solana was trading at $92, with SOL prices and trading volume considerably cooling down entering week 3 of 2024.
Toncoin (TON) Investors Headed for the Exits?
Toncoin’s (TON) comparably poor performance in the past year has raised concerns that whales might be heading for the exits in favour of tokens with more potential to appreciate. This is due to (TON) prices remaining stagnant, stumbling to a -2.5% loss over the past 12 months. Some analysts believe that the coin is bearish due to its flagging performance relative to other altcoins and the bearish sentiment shortly after the sell-off that ensued after the Bitcoin (BTC) ETF approval. Toncoin (TON) has been in a downward trend since early 2022, trading below its 50-day and 200-day moving averages, indicating higher selling pressure than buying pressure.
Big-Cap Coin Holders Diversifying into Pushd (PUSHD) Presale
A good number of Solana (SOL) and Toncoin (TON) holders have joined the Pushd presale phase. Market analysts believe that the decentralized marketplace protocol will outperform large-cap coins when the next bull run comes around in 2025, and for good reason: Pushd plans to challenge the chokehold that Amazon and eBay have on ecommerce by launching a decentralized, user-friendly blockchain platform, devoid of intrusive KYC policies and excessive fees. PUSHD token holders will also be given a revenue share on platform fees besides grant them governance control. The more pushd (PUSHD) tokens they hold, the greater the potential passive income they stand to earn. Over 12,000 registrants have joined the project’s presale phase, which is on pace to sell out three straight presale stages just a couple of weeks since its announcement.
With Bitcoin (BTC) ETF approval and the upcoming halving expected to trigger a bull run, analysts anticipate pushd (PUSHD) to outperform established coins in 2024 due to its growing traction, low market cap, and real-world use case. Join thousands of investors diversifying into the best presale opportunity of the year with Pushd (PUSHD).
Find out more about the Pushd presale at their official website.
