Analyst: Pushd can outperform Solana and Dogecoin
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Solana (SOL) and Dogecoin (DOGE) are some of the biggest cryptos by market cap, popularity, and volume of transactions. Solana is a layer-1 blockchain with smart contract functionality built to be a fast and efficient network alternative. Dogecoin is an open-source project based on the popular meme, Shiba Inu dog.
Dogecoin was launched years before Solana, back in 2013. Still, it has a smaller market cap, with Solana surpassing it by over $30 billion.
However, DOGE has a high market cap of $11.2 billion. Notwithstanding, analysts are turning to a new project, Pushd (PUSHD), painting a bullish outlook.
Solana will turn lower?
After a successful 2023 that saw the blockchain grow exponentially in transaction volume and price, much has been expected from Solana in 2024.
Its low network fees and speed make it popular among developers of dapp and defi solutions.
Following last year’s rise past the $100 mark, investors hoped the token would continue in the same momentum.
However, its prices are down thus far. It is down 9% in the last week and 5% in the past day, changing hands at $96.03.
While SOL’s prospects remain bullish, analysts believe projects like Pushd can outperform Solana.
Investors exit Dogecoin, price falls
The token credited as starting the meme coin revolution has been a popular option for investors.
Beyond its cultural significance, its extensive blockchain network and simplicity make it stand out in today’s market.
Dogecoin’s market cap now stands at $11.2 billion and continues to spawn many other meme coins and dog coins.
In the last 90 days, Dogecoin rose 34% but is still struggling. Trading at $0.07814, it fell 22% last month and 5% last week.
Analysts endorse Pushd
Pushd is a decentralized peer-to-peer marketplace aiming to take global eCommerce to the next level using blockchain technology.
The platform offers value to users with instant deposits and withdrawals, lower fees, and no delays caused by know-your-customer (KYC) verification. As a blockchain-based network, Pushd brings transparency to the industry.
In the ongoing presale, investors receive revenue from transaction fees. They can also gain even more rewards by completing milestones.
Analysts believe that, with a supply of up to 250 million, Pushd can offer value to users and benefit investors.
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
