Whales are making moves in preparation for potential big moves after the Bitcoin (BTC) halving event in H1 2024. Traders are closely watching these movements so that they can copy-trade whales with an anonymous Ethereum (ETH) and Binance Coin (BNB) whale shifting their funds to the Pushd (PUSHD) presale, traders are now investing early in the upcoming e-commerce giant.
This article explores why an anonymous Ethereum (ETH) and Binance Coin (BNB) whale is interested in Pushd (PUSHD).
All Eyes on Ethereum (ETH) Spot ETF Approval
The crypto market is widely focused on the potential approval of spot Ethereum (ETH) in the U.S. This comes after the approval of multiple spot Bitcoin (BTC) ETFs approval that have already attracted more than $10 billion in fresh capital.
Analysts say that there is a 50% chance that a spot Ethereum (ETH) ETF could start trading in the U.S. in May this year. The prospect of a spot Ethereum (ETH) ETF has led the second-largest cryptocurrency by market capitalization to grow its value by 29% this year after rising from $2,282.87 on January 1 to $2,942.13 on February 22nd.
Analysts expect Ethereum (ETH) to reach new all-time highs after the ETF approval. However, some whales believe that Ethereum (ETH) has limited headroom to grow and as a result, they are investing in highly promising projects like Pushd (PUSHD).
Binance Coin (BNB) is on a Roll, Gets Close to $400
Binance Coin (BNB) is running high on steam and is not about to let go. The 24-hour trading volume for Binance Coin (BNB) has increased by 90% to reach $2.6 billion, showing why the altcoin has been on a hot streak.
Despite the market downturn on February 21st, Binance Coin (BNB) has been surging. Binance Coin (BNB) is up more than 7% in the last 24 hours after its price increased from $353.76 on February 21st to $380.23 a day later.
Despite this impressive movement, investors seeking outsized gains are investing in new projects that are in the presale stage or have a very low market capitalization. This is because these projects have higher upside potential than solid altcoins like Binance Coin (BNB).
Pushd (PUSHD) Shines During its Ongoing Presale
Pushd (PUSHD), an upcoming blockchain-based e-commerce platform that will connect buyers and sellers securely and transparently, has gained a lot of attention during its ongoing presale where whale and ordinary investors are scooping PUSHD tokens at low prices.
Built by a team that has previously worked at online marketplaces like Amazon and eBay, Pushd (PUSHD) is tipped to gain a fair share of a market worth $6 trillion. This is good news for early investors who will be entitled to a portion of the revenue generated from fees by the platform.
There is a limited supply of only 250 million tokens, investors are rushing to buy Pushd (PUSHD) for only $0.11 during Stage 5 of its presale. Analysts believe that due to its tokenomics and disruptive model, Pushd (PUSHD) could be the best crypto investment of 2024.
Find out more about the PUSHD presale by visiting the website here