The early weeks of 2024 suggest that crypto markets could be on the turn ahead of the Bitcoin (BTC) halving event. Established names such as Tron (TRX) and Cosmos (ATOM) are making upward moves, yet they could find themselves eclipsed by a new player in the market, the decentralized e-commerce marketplace Pushd (PUSHD).
Tron (TRX) Makes Slow Gains With High Market Cap
Tron (TRX) is one of the largest crypto projects by market cap and is slowly beginning to see an increase in the value of the Tron (TRX) token in early 2024.
Tron is a unique Web3 entertainment-sharing platform making waves in the digital media age, boosted by big-name partnerships with the likes of Samsung and its purchase of BitTorrent to appeal to investors.
As it looks to move into the DeFi sector, successful adoption within this growth market could see Tron (TRX) make serious gains in 2024 and into 2025. However, in such a competitive marketplace, Tron (TRX) will need something special to stand out from the crowd.
Cosmos (ATOM) Overcoming Internal Splits to Potentially Recover
Cosmos (ATOM), a crypto protocol that enables and prioritizes interoperability, has been ridden by internal splits in recent weeks with calls for the chain to divide, threatening the potential of Cosmos (ATOM) to post gains this year.
However, after Cosmos (ATOM) was hit hard by an inflationary bite with a 25% slide in December 2023, many were concerned that any decision to fork would hit staking rewards and investor confidence.
While the bearish sentiment has continued in January 2024, there are the green shoots of recovery poking through, with the Cosmos (ATOM) price finally returning above $10. Investors hope these slow gains will accelerate in the coming weeks as the wider market turns bullish.
Pushd (PUSHD) Aims to Redefine the World of E-commerce
Pushd (PUSHD) has launched its presale to take a significant share of the e-commerce market valued at $6 trillion. Unlike Amazon and eBay, Pushd uses a peer-to-peer (P2P) marketplace to put people in direct touch to buy and sell goods without high transaction fees and instantaneous access to withdrawals and deposits.
The Pushd (PUSHD) presale sold out Stage 1 in five days and Stage 2 in the same period, gaining 15,000 user sign-ups and 3,000+ investors. Stage 3 is selling out fast, with tokens priced at $0.060.
Other attractive features include staking rewards of between 7% and 17%, which investors are lapping up in their hundreds.
Conclusion
While crypto markets are turning bullish, this sentiment isn’t allowing every currency to take flight. Although Tron (TRX) and Cosmos (ATOM) have made small gains, those available with the Pushd (PUSHD) presale look likely to help this new decentralized e-commerce marketplace overtake better-established projects.
With compelling staking rewards and a unique value proposition in the Web3 sector, it’s no wonder Pushd (PUSHD) is being tipped by analysts to potentially provide early-stage investors with 50x returns in 2024.
