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- Insights
- Cryptocurrencies
- Stocks
- White Papers
- Industry
- Geography
While the cryptocurrency market continues to buzz with a lot of activities, Ethereum records significant whale transactions and Solana experiences losses in revenue. Meanwhile, investors seek alternative investment opportunities that can give them exponential returns in the near future. Amid this search, Pushd emerged as a groundbreaking e-commerce platform that revolutionizes buying and selling using blockchain technology.
As Pushd rivals eBay, stage 6 of Pushd's presale attracts Ethereum and Solana investors eager for substantial e-commerce shifts. Moreover, these investors anticipate exponential returns from their Pushd holdings, as analysts predict a bright future for the Pushd platform.
According to information on CoinMarketCap, Ethereum's price has increased over the last seven days by about 1%, to $3,182 as of this writing. A wallet that had been idle for about 8.7 years was reactivated, which is directly linked to the increase in Ethereum's market value. Some speculate that the wallet owner may have found the access keys they thought they had lost, while others think holding the funds until now was a calculated move.
This dormant Ethereum wallet is being activated in tandem with other noteworthy market activity. One notable transaction, for example, involved a crypto whale withdrawing 10,119 ETH from Binance, or roughly $31.83 million. Large-scale withdrawals of this kind are usually interpreted as positive indicators, pointing to a significant buying interest. This specific Ethereum whale has accumulated 127,388 ETH, worth $405.19 million.
Recently, SOL has experienced a sharp decline in revenue; in the most recent quarter, Solana reported a startling $796 million loss. This occurs in the context of leading blockchain networks' disparate financial results. In a 2024 first-quarter blockchain comparison, Ethereum came out on top with a healthy $369 million profit. Tron came in second with $71.8 million in revenue, and BNB Chain made a meager $6.6 million profit.
On the other hand, Solana and Bitcoin, which both reported $4.5 billion in losses, were identified as two of the networks that suffered significant financial losses. According to recent data, Solana's network activity has decreased discernibly. Over the past few weeks, the number of daily active addresses on Solana has decreased from 2.4 million to 1.1 million. In addition, there were only 19 million daily SOL transactions, down from 40 million.
Traditional e-commerce platforms like eBay and Amazon often burden sellers with high fees, lengthy KYC processes, and delayed fund releases, leading to cash flow struggles. However, Pushd aims to address these challenges by offering a decentralized online marketplace built on the blockchain. With Pushd, sellers no longer need to undergo rigorous identification processes, and funds are released immediately after transactions.
The global e-commerce industry is witnessing rapid growth, projected to exceed $6 trillion in market value by 2024. Meanwhile, Pushd is poised to capitalize on this trend by offering users lower fees, instant deposits and withdrawals and a seamless buying and selling experience using cryptocurrency, without the hassle of KYC checks. Pushd's presale is currently in Stage 6, with tokens priced at $0.144. The project boasts an audit passed, ensuring transparency.
Find out more about the Pushd presale by visiting the website here.
