Outperforming Altlayer (ALT): Pushd (PUSHD) Presale is Erupting – Could it Rival Monero (XMR) This Year?
The post Outperforming Altlayer (ALT): Pushd (PUSHD) Presale is Erupting – Could it Rival Monero (XMR) This Year? appeared first on Coinpedia Fintech News
The Pushd (PUSHD) presale is emerging as one of the crypto news stories of 2024. With this upstart e-commerce newcomer making headlines and outperforming Altlayer (ALT), experts wonder whether it could target crypto mainstay Monero (XMR) by the end of 2024. Let’s find out.
Altlayer (ALT): Is the tide turning bearish?
Altlayer (ALT) is a new decentralized crypto protocol that uses Restaked Rollups. It enhances rollups from stacks such as Arbitrum (ARB) and Polygon (MATIC) with improved security, decentralization and interoperability.
Altlayer (ALT) launched on 25th January 2024 at $0.2734 and initially showed bullish sentiment, peaking at $0.4611 while growing its market cap to almost $400 million.
However, trading in the last 24 hours, at the time of writing, has seen the price drop to $0.3525, down more than 23% from its ATH, leading analysts to wonder about the future of Altlayer (ALT).
Pushd (PUSHD): Crypto newbie launches e-commerce revolution
Pushd (PUSHD) recently launched its crypto presale with early signs suggesting a dominant position in the e-commerce sector. Taking aim at a market of $6 trillion and ruled by names like Amazon and eBay, Pushd (PUSHD) certainly doesn’t lack ambition.
Pushd (PUSHD) is bringing its peer-to-peer (P2P) online marketplace to challenge the supremacy of Amazon and eBay by putting buyers and sellers directly in contact. In harnessing the power of the blockchain, traditional barriers such as lengthy clearance times, high transaction fees, and KYC requirements are a thing of the past.
The Pushd (PUSHD) presale has already seen more than 25,000 users sign up and almost 6,000 early-stage investors grab hold of the native Pushd (PUSHD) token. Now, in stage 4 of its presale and priced at just $0.08, it’s already apparent why analysts are tipping Pushd (PUSHD) to eclipse Altlayer (ALT) and match Monero (XMR).
Monero (XMR): Unique privacy solution that lacked uniqueness
Monero (XMR) is one of the elder statesmen of the crypto market, launching in 2014 as a privacy coin and immediately gaining legions of fans. With crypto still in its infancy, Monero’s (XMR) focus on privacy was music to investors’ ears, illustrated by truly stunning profits.
However, after losing almost 90% of its value, the coin hit the 2020 crypto frenzy, repeating this viral price action. Yet, as this happened, investors were educating themselves, understanding that ‘privacy’ wasn’t unique to Monero (XMR). As a result, Monero (XMR) lost its USP and continues to come under pressure from newer projects.
Conclusion
In the current competitive crypto climate, coins must show innovation, utility, growth potential and have a genuine USP. While Monero (XMR) struggles for identity and Altlayer (ALT) already turning bearish, investors seeking to sink their dollars into an exciting new project are flocking to Pushd (PUSHD) in their hundreds. With growth potential of at least 50x available, this is one to watch in 2024.
Find out more about the Pushd presale at their official website
