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News has recently swept the crypto space that the SEC has now approved the Bitcoin ETF proposals. The possibilities following the action are endless, evident in how many cryptos surged following a post from a hacked SEC account purportedly confirming them. Now, with the ETFs receiving official confirmation, investors will be looking for tokens to back in the upcoming crypto bull run, inspired by it.
Analysts expect many coins to do well, including Bitcoin (BTC) and Cardano (ADA). However, it is a new project, Pushd (PUSHD), that analysts consider to be the best investment at this time. We outline their reasons in the following paragraphs.
Big Strides Expected for Bitcoin (BTC)
Ultimately, the biggest winner from Wednesday’s approval is Bitcoin (BTC). Not only does it grant support for the legitimacy of cryptocurrencies, but it also allows more investors to get involved with Bitcoin (BTC). The value of 1 Bitcoin (BTC) hit over $48,000 a day after the announcement.
Since then, it has seen a steep drop, down to $42,865.07 per Bitcoin (BTC) at the time of writing. Although arrows currently point downwards, this is expected to change soon.
Cardano (ADA) Continues a 3-day Decline
Between Wednesday and Thursday, Cardano (ADA) rose from $0.49 to over $0.61, with many analysts tying this to the SEC approval. This was followed by declines on Friday and Saturday. Cardano (ADA) is $0.547327 per unit, representing a 6% drop in the last 24 hours.
Analysts are still hopeful of a rally for Cardano (ADA) but investors may be more cautious of the token in the short term.
Pushd (PUSHD) is The Favored Investment For Analysts
Pushd (PUSHD) brings blockchain technology to an industry that will soon be worth in excess of $6 trillion. Pushd (PUSHD) will be the first ever decentralized online marketplace, working similarly to traditional marketplaces but incorporating blockchain technology for greater efficiency, lower fees, and decentralized governance. It corrects many of the failings of traditional marketplaces like implementing instant payments and skipping KYC verification.
Investing in Pushd (PUSHD) looks like a good move, especially because of its huge potential. The utility of the platform, including unique features like a zero-commission swap service, makes it attractive to users. In addition, it is the first of its kind, within a highly valuable industry.
Compared to Bitcoin (BTC) and Cardano (ADA), Pushd (PUSHD) costs less at $0.06 per unit during presale, but has much left of its 250 million supply. This means investors can get more of Pushd (PUSHD) and get more out of Pushd (PUSHD). This is besides Pushd’s (PUSHD) benefits like payments from transaction fees and rewards for completing milestones.
Analysts believe that many tokens will see some growth following the SEC ETF approval, but the most returns on investment can be found in Pushd (PUSHD). Its utility, total supply and investor benefits give it the tools and appeal to be the best investment.
