Pushd presale draws investors, XRP and BNB holders exploring
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Ripple is currently dealing with regulatory issues, while Binance Coin (BNB) worries about possible liquidation. Pushd (PUSHD) is a recent entrant with over 27,000 sign-ups; it has attracted notice even though it is still in its first presale phase. The $6 trillion online retail industry is something that Pushd hopes to transform.
In the ongoing Pushd presale, PUSHD is trading for $0.094. Investors expect more gains, driven by the project’s spending-friendly debit card and a decentralized governance method.
Ripple faces regulatory hurdles
Jupiter Asset Management, a large investment firm based in London with over $65.8 billion in assets under management, has decided against purchasing the 21 Shares XRP exchange-traded product (ETP) due to concerns regarding Irish regulations.
According to the UCITS regulations, investment funds are prohibited from dealing with cryptocurrencies in Ireland.
As a result, Jupiter had to liquidate their shares in the ETP, losing $834 despite having invested $2,571,504 in it previously.
BNB’s liquidation risks
The current value of BNB is $355.70, which follows the general trend of the market, which is moving upward.
However, traders with long positions in BNB could face the risk of liquidation, especially if the value falls from $329 to $340.
The Cumulative Liquidation Level Delta (CLLD) indicates a positive outlook. Still, caution is advised as an unfavorable shift could lead to a complete reversal, potentially causing the value to fall to $315.
Recent on-chain data highlights a $1 billion increase in trading volume, indicating a rise in interest in BNB.
Pushd presale records 27,000 registrations
Pushd has over 27,000 registrations as it prepares for stage five of the presale.
Pushd is an online retail platform that aims to revolutionize the industry by offering PUSHD, currently trading for $0.094, a debit card for direct spending, fee-free currency exchange, a dynamic rewards program, and decentralized governance.
It is gaining attention from investors due to its emphasis on user experience, community engagement, and competitive pricing.
Pushd also uses blockchain technology to address common problems sellers face on traditional platforms, providing a more reliable and effective solution.
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