Renowned crypto trader Arthur Hayes has selected Pushd (PUSHD) – a novel project currently in its presale phase – over established cryptocurrencies Cardano (ADA) and Chainlink (LINK).
Dismissal of Cardano
BitMEX co-founder Arthur Hayes has dismissed Cardano, claiming a lack of widely used decentralized applications (dapps) built on its blockchain.
Hayes shared this view in an X post on February 21, presenting data highlighting fees generated by various dapps across the crypto space.
Cardano has faced criticism in the past, but it remains a top-ten cryptocurrency with a market valuation exceeding $20 billion.
In the past month, Cardano has experienced a 14% gain, with its price rising from $0.4944 on January 23 to $0.5897 on February 21.
Chainlink’s Whale Accumulation
Over the past year, Chainlink has surged 140%, with its price increasing from $7.64 to $18.40 on February 21.
Chainlink reached a high of $20.70 on February 12, but has since experienced a decline.
Analysts anticipate strong performance from Chainlink in 2024 and beyond, driven by the increasing demand for real-world assets.
Shifting Focus to Pushd
Pushd is envisioned as an online marketplace where users can engage in buying, selling, renting, and auctioning products.
By leveraging blockchain technology, Pushd aims to enhance security and transparency within the platform.
The Pushd team comprises experienced individuals with backgrounds in e-commerce giants like Amazon and eBay.
This expertise positions Pushd favorably to capture a significant share of the $6 trillion global marketplace.
Pushd has a limited supply of 250 million tokens.
Early adopters will gain exclusive access to the Pushd platform before its public launch and will be entitled to revenue generated by the platform.
Disclaimer: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users should conduct their own research before taking any actions related to the company.
Disclosure: This article does not constitute investment advice. The content and materials featured on this page are for educational purposes only.
Credit and Copyright: BITboosters