The past week has not been the greatest for memecoins. Especially Shiba Inu (SHIB) and Dogecoin (DOGE), both of which had their prices fall by nearly 4% each. These price dips are in the middle of what seems to be a newly rejuvenated crypto market as prices of other cryptocurrencies have experienced a steady rise in the past couple of weeks.
Speculators believe the poor performance of Shiba Inu (SHIB) and Dogecoin (DOGE) may be a result of their lack of real-world utility. So far, tokens with actual utility, like the soon-to-launch Pushd (PUSHD), have been the biggest beneficiaries in the current market. Pushd (PUSHD), for example, had over 1,000 new users sign up within the first 24 hours of its presale.
Shiba Inu (SHIB) Experiences a Bit of Turbulence
For a while in 2021, Shiba Inu (SHIB) was the name on every crypto degen’s lips. At the peak of its success, SHIB’s price went up at least 1,000% within a few days, making many investors very rich very quickly.
However, its price soon corrected and many investors also lost money. Nonetheless, Shiba Inu (SHIB) has continued to retain its spot as one of the top cryptocurrencies despite its steep price fall.
Shiba Inu (SHIB) currently occupies the 17th spot on the list of cryptocurrencies with the largest market caps. One Shiba Inu (SHIB) token costs $0.00001038 at the time of writing.
Dogecoin (DOGE) Follows Suit
Dogecoin (DOGE) also experienced its share of turbulence in the past week. While its price fall of 4% may seem negligible, it could be a sign of things to come. After the crash of fellow memecoin, Shiba Inu (SHIB), investors have become wary of memecoins. Especially the ease with which their prices can be manipulated with as little as a tweet from Elon Musk.
The rough week Dogecoin (DOGE) had may be a result of this dwindling faith in memecoins. At the time of writing, Dogecoin (DOGE) trades at $0.09172. With a market cap of $13.07 billion, Dogecoin (DOGE) is performing a little below what most investors may have been expecting.
Pushd (PUSHD) Gathers 1,000 Sign-Ups in First 24 Hours
Pushd (PUSHD), a decentralized online trading platform, recently started its presale. Priced at $0.035, Pushd (PUSHD) gained over 1,000 new signups within the first 24 hours. This impressive feat sent a clear message to investors that Pushd (PUSHD) is here for success.
What makes Pushd (PUSHD) different from other crypto projects is the first-mover advantage it has by being the first decentralized e-commerce platform. Pushd (PUSHD) WILL also offers tons of benefits to investors like a share of the transaction fees, and long-term liquidity locks.
For users, Pushd (PUSHD) will drastically reduce transaction times for vendors and buyers, and reduce fees. With Pushd (PUSHD), the time of time-consuming and privacy-invading KYC procedures will finally be coming to an end.
Pushd (PUSHD) has passed all regulatory audits, meaning it is safe for investors. It’s 700-day team tokens lock period further entrenches its high safety standards.
For more information about the Pushd (PUSHD) Presale, visit their website.
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
