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Shiba Inu (SHIB) and Solana (SOL) gained popularity in 2020, thanks in part to mentions by Vitalik Buterin and Elon Musk. Currently, SHIB ranks in the top 20 cryptocurrencies by market capitalization, while SOL ranks in the top five.
Solana is an open-source protocol that supports decentralized applications (dapps).
However, SHIB and SOL have, in the recent past, been under pressure. As such, some investors are considering alternatives, including Pushd (PUSHD)–whose presale is in progress–to diversify their portfolios.
Shiba Inu faces headwinds
Shiba Inu was recently delisted from Uphold. Holders had to transfer or convert coins to other assets, including fiat.
Consequently, SHIB’s average daily trading volume decreased by 5.20%.
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Even so, SHIB has been listed on EarnBit, and supporters expect the token to recover.
Solana losing holders
There have been reports of phishing scams targeting Solana.
Over $4 million has been stolen through smart contract scams, leading to a decrease in investor confidence.
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Additionally, the volatility of recent SOL has been a cause for concern.
In the past seven days, SOL fell by about 3.13% as the average trading volume shrunk from $2.3 billion to $1.7 billion.
Pushd presale
Pushd is currently in its presale stage and has been audited successfully.
The platform has implemented a 20-year liquidity lock with 250 million tokens for stability.
Additionally, early investors can become VIPs, earning a certain percentage of transaction fees charged on the marketplace.
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PUSHD, the native token, will be used for governance, allowing investors to vote on upgrades and market features.
The web3 marketplace has eliminated know-your-customer (KYC) process by making transaction records transparent. They expect this will lead to more sales.
Read more: Tether and DAI holders exploring trending Pushd
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