Prudent crypto investors prioritize cryptocurrencies with the highest growth potential and avoid potentially risky ones. Many investors with interests in Ripple (XRP) and Litecoin (LTC) are rushing to buy into Pushd (PUSHD), a new utility-backed cryptocurrency. It is understandable and even expected, considering the potential risks and rewards involved.
A Rocky Legal Situation for Ripple (XRP)
The Securities and Exchange Commission (SEC) filed a lawsuit against Ripple (XRP) three years ago. Currently, Ripple (XRP) cannot be traded on American cryptocurrency brokerage platforms pending the case’s outcome.
Interestingly, Ripple (XRP) has been performing relatively well despite its legal woes in the U.S. Notably, its network’s trading volume spiked in 2020, a few months after the lawsuit by the SEC. XRP prices increased throughout 2023, opening the year at about $0.35 and closing at about $0.61.
Interestingly, Ripple (XRP) is projected to gain 20% in value in 2024, reaching about $0.70. However, new developments in the lawsuit by the SEC could also negatively impact its value.
A Bad Start and Uncertain Future for Litecoin (LTC)
Unarguably, Litecoin (LTC) is one of the major cryptocurrencies. However, LTC was mostly bearish in 2023, and it started 2024 with a loss.
Litecoin (LTC) prices fell from monthly highs of about $114 in 2023 and closed the year at about $72.80. Prices have already dropped about 14% in 2024, but they have corrected and currently range at about $71. Unfortunately, it is still too early to tell how Litecoin (LTC) will perform in 2024.
A Potential Game-Changer in Pushd (PUSHD)
Investors are always looking for new and better opportunities as legacy cryptos such as Ripple (XRP) and Litecoin (LTC) lose their appeal. Many investors are currently going for PUSHD, a new utility-backed cryptocurrency.
Pushd will be the world’s first decentralized e-commerce platform, challenging the likes of eBay and Amazon. It will offer various crucial benefits over traditional e-commerce platforms, making it competitive.
Sponsored
All transactions on Pushd will be based on Blockchain, making them transparent and secure. Moreover, all transactions will be instant, so users don’t have to worry about their funds getting frozen for months. Registering on the platform will be quick and easy, considering that it doesn’t have KYC requirements.
The Pushd presale is currently in stage 3 and almost sold out, so don’t miss the opportunity to be in at the start!
Conclusion
Ripple (XRP) and Litecoin (LTC) are taking a backseat as PUSHD appeals to more investors. It poses great potential, considering that it will be backed by the world’s first decentralized e-commerce platform.
Find out more about the Pushd presale at their official website
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