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The upcoming Bitcoin halving may trigger a bull run, depending on the approval of a spot Bitcoin ETF. Solana may benefit from this decision. However, analysts expect Pushd (PUSHD) to outperform them, especially if a Bitcoin ETF is approved.
Bitcoin rises as ETF speculations reach fever pitch
When writing, Bitcoin is up 6% to around $47,000, fueled by speculation that regulators could soon approve a spot Bitcoin ETF.
Former SEC Chair Jay Clayton stated there is little reason to reject such an ETF.
Rumors suggest the odds of approval are over 90%.
If a Bitcoin spot ETF is approved, it could channel more funds to the sphere, lifting altcoins.
Solana is bullish
Solana was one of the top-performing cryptocurrencies in 2023.
Despite a 20% dip in early 2024, SOL has rebounded 12% over the last 24 hours. Gains are fueled by speculation around a spot Bitcoin ETF approval and growing on-chain activity.
Statistics show that the total value locked (TVL) by Solana defi protocols stands at $1.4 billion, the highest since August 2022.
This signals rising usage and development, which could support further SOL prices.
Pushd may rally in 2024
Pushd is a new decentralized online marketplace.
The project has already attracted over 10,000 registrants in over a week. Pushd prices might rally from the current presale price of $0.048.
Pushd aims to combine the ease of use and functionality of traditional online marketplaces like Amazon with the security and benefits of decentralized technology.
The platform will not have heavy-handed marketplace policies, excessive know-your-client (KYC) processes, or high listing and transaction fees.
In addition, Pushd token holders will earn a portion of the platform’s revenues from transaction fees, expanding income-earning streams.
For what Pushd offers, the presale is gaining momentum, with experts projecting more growth in the future.
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