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A whale moved almost $80 million worth of Dogecoin (DOGE) out of the coin, causing the Dogecoin (DOGE) price to dip, underscoring the inherent volatility in cryptocurrencies. In the meantime, sports and entertainment blockchain Chiliz (CHZ) has doubled since October and the new e-commerce platform Pushd (PUSHD) is gaining strength on its presale.
Dogecoin (DOGE): Whale activity wobbles price.
Supply and demand is a fundamental economic concept, and when a whale moved $80 million from the doge ecosystem, the Dogecoin (DOGE) price took a tumble. Initially criticized for having no intrinsic value, Dogecoin has cemented itself as a legitimate cryptocurrency with a market cap of almost $12 billion. That a single whale can hold 990 million DOGE, is a testament that even the highest of the high rollers believe in the meme coin phenomenon.
Dogecoin (DOGE) is here to stay. As long as it is underpinned by figures such as Elon Musk, Dogecoin will continue giving spectacular returns despite the occasional blip.
Chiliz (CHZ): sports’ own blockchain comes into its own
Chiliz (CHZ) has always focused itself as a blockchain focused on sports and entertainment, and fan coins for massive ones like Paris St Germain, Barcelona FC, Galatasaray, Man City, Tottenham Hotspur, and Inter Milan all sport their fan coins on the Chiliz network. CHZ is now expanding to more than just ‘coin’ – it is now a fully-fledged Web3 blockchain dedicated to sports and entertainment.
It has spurred the Chiliz price to a six-month high and the future looks bright for CHZ.
Pushd (PUSHD): 0% commission Web3 marketplace presale explodes
A critique of cryptocurrencies is that they cannot be readily used as ‘currencies’. Buying goods with crypto leads to limited options. But, thanks to Pushd (PUSHD), not anymore, as cryptocurrencies finally have the platform they were meant for!
Pushd (PUSHD) is introducing a peer-to-peer e-commerce platform with all the functionality of legacy platforms like eBay and Amazon with none of the hassle. It is a fully-crypto-enabled space where sellers can set up their accounts in minutes. No registration, no KYC, no admin. Thanks to the cryptocurrency interface, users can pay in various currencies that clear instantly. No more delays waiting for PayPal to release funds.
But the biggest drawcard is that Pushd is a 0% commission platform. What you ask, is what you get, setting it above any other similar e-commerce space.
PUSHD already has over 18,000 sign-ups, and once its presale ends, its native token is expected to explode 50x. Why would it not? This is the opportunity the world is waiting for.
Conclusion:
Investing in cryptos can be a roller coaster, but adding Dogecoin (DOGE) and Chiliz (CHZ) to a portfolio can add stability and growth. However, for massive gains, an investment in Pushd (PUSHD) should be considered.
Find out more about the Pushd presale at their official website
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Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
