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December has been a bullish month for most of the cryptocurrency market. While XRP hasn’t been one of the biggest gainers, its recent break above the $0.6200 resistance could see the coin snap a 5-year losing streak.
A major gainer from December’s uptrend, Avalanche (AVAX) has now overtaken Dogecoin (DOGE) to become the ninth-largest crypto. Meanwhile, Pushd has burst into the limelight with a new decentralized marketplace aimed at transforming eCommerce. Let’s go deeper into these trends.
XRP Looks Set To Snap a 5-Year Losing Streak
Since 2018, Ripple (XRP) has ended every December with losses. CryptoRank reported the historical bearish pattern, with the SEC lawsuit against Ripple in December 2020 playing a part in the extension of the losing streak.
However, the Ripple (XRP) coin now looks set to break this losing streak with its recent price rise. The price of XRP recently climbed above the $0.6200 resistance, better than the $0.600 level it started in December 2023 trading.
Despite its recent price increase, the Ripple (XRP) price has largely underperformed. Since October, Ripple XRP has increased by 24%, compared to the 61% increase of Bitcoin and over 450% of Solana. The Ripple (XRP) price predictions still remain positive, with EGRAG CRYPTO saying a price target of $27 is possible by 2025.
Avalanche (AVAX) Overtakes Dogecoin
One of the frontliners of the recent market surge has been Avalanche (AVAX). Since October, the Avalanche crypto price has increased from $9 to $46.2 in December. This rapid increase has seen the Avalanche coin overtake Dogecoin as the ninth-largest crypto.
AVAX now has a market capitalization of $16.9 billion, whereas Dogecoin is valued at $13.1 billion. The AVAX price has risen as the project announced that it will focus on real-world assets (RWAs) and GameFi in 2024.
To achieve this aim, Avalanche has entered strategic partnerships with JPMorgan Chase and CitiBank. Both leading banks will leverage the Avalanche blockchain and its subnets to develop RWA projects.
Pushd Set To Transform the eCommerce Industry
eCommerce is one of the fastest-growing industries and is set to hit $6 trillion by the end of 2024. However, several problems have made it difficult for both sellers and buyers to seamlessly operate in the industry. Pushd has leveraged the exciting blockchain technology to build the world’s first decentralized marketplace and solve many of these problems.
One major issue with eCommerce platforms is the high fees required to list products. That, in turn, affects buyers as sellers and vendors increase their prices to cover these costs. Pushd has solved this by removing product listing fees from its platform.
Because Pushd operates on a blockchain, transactions are fast, immutable, and transparent. Sellers and vendors no longer need to wait for long periods to get their funds, like the 90-day wait period on PayPal.
As soon as the transactions are confirmed on the blockchain, vendors can receive their payments with cryptocurrencies. It will allow them to scale their businesses on Pushd. The PUSHD token is used for transactions on the platform.
Holders of the PUSHD can also contribute to the development of the platform by suggesting changes and voting on upcoming platform enhancements. The token is currently valued at only $0.015 in its early presale stage, but as the project gains traction, analysts have forecasted a 50x price surge in 2024.
Final Thoughts
The crypto space faces a change of trend as XRP breaks free from its five-year losing streak and Avalanche surpasses Dogecoin. Meanwhile, Pushd’s groundbreaking platform has received massive praise from crypto industry experts. With the first-mover advantage in eCommerce, Pushd could become one of the top blue-chip projects by 2024.
For more information about the ongoing Pushd (PUSHD) Presale, please visit their website
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Serena James has worked as a writer for different media houses in the past. Currently, she is working as a fundamental writer for thecoinrepublic, covering decentralized finance. When she isn’t writing, she can be found skimming and scanning Twitter and other websites to produce mind blowing breaking stories.
