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Ripple is currently dealing with regulatory issues, while Binance Coin (BNB) is concerned about a possible liquidation. Pushd (PUSHD) is a recent entrant with over 27,000 signups. Even though it is still in the first pre-sale stage, it is attracting attention. The $6 trillion online retail industry is what Pushd aims to transform.
In the ongoing Pushd pre-sale, PUSHD is trading at $0.094. Investors expect greater profits due to the project’s spending-friendly debit card and decentralized governance methods.
Ripple faces regulatory hurdles
Jupiter Asset Management, a large London-based investment firm with over $65.8 billion in assets under management, has decided against purchasing the 21-share XRP exchange-traded product (ETP) due to concerns over Irish regulations.
Under UCITS regulations, investment funds are prohibited from trading cryptocurrencies in Ireland.
As a result, Jupiter was forced to liquidate the ETP’s shares, suffering a loss of $834, despite having previously invested $2,571,504.
BNB Liquidation Risk
The current value of BNB is $355.70, which follows the general trend of a rising market.
However, traders holding long BNB positions may face liquidation risk, especially if its value falls from $329 to $340.
Cumulative Liquidation Level Delta (CLLD) indicates a positive outlook. Nonetheless, caution is warranted as an unfavorable change could result in a complete reversal, potentially dropping the value to $315.
Recent on-chain data shows that trading volume has increased by $1 billion, indicating increased interest in BNB.
27,000 push pre-sale records registered
Pushd has over 27,000 registrations as it prepares for Phase 5 pre-sale.
Pushd is an online retail platform that seeks to revolutionize the industry by offering PUSHD, currently trading at $0.094, a debit card for direct spending, commission-free currency exchange, a dynamic rewards program, and decentralized governance.
It is attracting attention from investors by emphasizing user experience, community participation, and price competitiveness.
Pushd also uses blockchain technology to solve common problems merchants face on traditional platforms, providing a more reliable and effective solution.
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