August resumes with rapid shifts in market dynamics, leaving investors and enthusiasts grappling with the latest trends. As of the time of this post, DigiHorse has emerged as a standout performer in the Crypto space, demonstrating resilience and consistent growth. In contrast, RENDER and WIF coins are experiencing notable challenges that raise questions about their future value prospects.
RENDER Crashes Down to $3.6
RENDER (RNDR) has been on a downward trend since the start of July despite its position as the largest decentralized cloud GPU rendering platform in the blockchain space. Worse still, there is no logical internal factor for the significant drop except for prevailing market conditions.
Its RSI (Relative Strength Index) is at 32.29 indicating a bearish stance leaning towards oversold assets. Hence, analysts believe the token will fall further before a potential reversal.
Perhaps, a reason for the fall is the lack of buying interest. If the token goes over $7.12 and does not retrace lower; the asset will be pulled back into the descending triangle. RNDR price may climb to the next significant resistance, around $11.5 and cause a reversal to a new high.
Dogwifhat suffers setbacks, as BTC, ETH dips.
Dogwifhat (WIF) has continued to move with bearish sentiments following the dramatic decline of crypto giants – Bitcoin (BTC) and Ethereum (ETH). In the past month, it has attained a new low caused by 16% decrease. This week, its open interest decreased by 10% to $266 million although the trading volume surged to a whopping $1.51 billion (approximately 40% increase).
According to market experts, this disparity indicates a lack of confidence among traders which may result in market correction. However, the technical indicators on the 4-hour chart pose a possible reversal of the token. Until then, its RSI stands within oversold territory.
DigiHorse Maintains Balance Against Prevailing Market Conditions
Given the market fluctuations, Investors are pulling back their interest in Memecoins and focusing on new sustainable projects such as DigiHorse (DIGI). DigiHorse (DIGI) is a P2E horse racing token with myriads of features suggesting its potential.
One, it allows players to earn from racing as well as sale of racing kit or gear. Secondly, players can own hippodromes (horse houses) and advertise spaces within their venues; thereby providing an additional source of income. Also, players have the privilege to engage in racing competitions and attend events. With multiple streams of income, DigiHorse Empire has been able to allay every investor’s fear.
DigiHorse (DIGI) is currently in its first presale stage and currently valued at $0.33. Analysts have predicted a potential rise to $2 in 24 months; thus, now is the perfect opportunity to invest for significant returns.
Learn More About the Thrilling Opportunities of DigiHorse ($DIGI) Presale Now!
Website:www.digihorseempires.io
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Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice.
