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Ethereum and Solana investors are cashing in on pushed pre-sales aimed at disrupting e-commerce. Presale is currently in stage 6.
The US SEC has once again shown lack of enthusiasm in approving Grayscale’s petition for an Ethereum ETF.
Solana, on the other hand, is facing rejection at significant resistance levels after experiencing a significant drop prior to Bitcoin's halving. Meanwhile, Ethereum and Solana are backing Pushed's bold move to disrupt e-commerce in the sixth stage of the presale.
To make online retail more convenient for users, Pushd leverages blockchain technology to solve common problems faced by traditional e-commerce platforms. Remarkably, many cryptocurrency enthusiasts are rushing to secure slots in Pushd's pre-sale despite the promise of significant profits in the coming months.
Spot Ethereum ETF proposal expected to be further delayed
The U.S. Securities and Exchange Commission has postponed a decision on Grayscale's application for an Ethereum ETF. The review period was extended by the SEC until June 23. Grayscale approved the conversion of its current Ethereum Trust into a Spot Ethereum ETF by filing a Form 19b-4 with NYSE Arca in October. Grayscale converted Bitcoin Trust into a Spot Bitcoin ETF in January.
The SEC's decision to postpone is supported by the issues and modifications being considered regarding the plan. The SEC also delayed similar filings from other asset managers. In response to the SEC's latest move, Grayscale has further improved its application. Pursuant to U.S. securities laws, the company filed Form S-3 to continue operations related to its offering of the Ethereum ETF.
Solana price analysis
After rising more than 10x from $17 in September 2023 to $210 in March 2024, Solana hit $116.0 last week and faced selling pressure at $210. Solana recovered after Bitcoin halving and tested resistance at EMA21. The altcoin recently started trading above the 21 EMA but was unable to sustain above the $160 barrier. As a result, it is currently trading at $158.
According to daily chart analysis, daily trading above $157 is required for Solana to start moving higher. Solana's initial target price zones are $164.50 and $174.31, assuming a daily close above $157. Still, a daily close below the EMA5 support level of $151.24 could renew selling pressure. If selling pressure increases again, the first support level is $140.82 and the 100 EMA of $139.31.
Investors back Pushed's bold move to disrupt e-commerce
Pushd has the potential to completely transform online marketplaces by solving common problems that shoppers and sellers encounter on sites like Amazon and eBay. In addition, sellers may experience delays in obtaining funds as PayPal holds payments for up to 90 days after a transaction and buyers are subject to strict KYC procedures. Users can buy, sell, and auction items instantly without going through any KYC checks.
Pushd offers significantly lower fees than traditional marketplaces, and instant deposits and withdrawals eliminate the need to wait several days between payments.
In addition to the potential to earn large profits, pre-sale investors will receive a revenue share of platform fees based on the number of tokens they own. At a price of $0.144 per token and in stage 6 of pre-sale, Pushd tokens offer a strong investment opportunity.
For more information about this project, please visit the Pushd presale website.
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