Binance Coin (BNB), and Avalanche (AVAX) are some of the altcoins rallying hard for significant gains over the last few days. While their continuous performance largely depends on BTC, they are set to outperform the coin as BTC dominance fell to 55%. Presale: Join Now
According to analysts, this fluctuation is an opportunity for rising altcoins to gain ground. While this holds true for BNB and DigiHorse, the same cannot be said about AVAX.
BNB Sparks New Interest Among Investors And Analysts
After a short period of decline, BNB is slowly recovering and has shown great potential to achieve 50% growth in the year Q4.
BNB has not only risen by about 30% since the Japan meltdown but has also begun to climb from its $500 support zone. This upward movement has particularly gained the attention of traders who look forward to its breaking points.
On-chain analysis reveals a key rising channel forming on the hourly chart with resistance noted at $528 levels. Also, the orange horizontal support line corresponds to support/resistance from April, 2021; thus, it will be crucial to maintain.
AVAX Price Expected To Fall Due to Negative Funding
AVAX plans to release 9.54 million tokens worth about $251 million to the Avalanche team and investors had earlier made the news last month. As this event approaches realization, on-chain analysis has spot a significant difference between sentiment shared by traders and whales in the derivative market. This has pushed AVAX funding rate to the negative side.
This means that while the market traders are expecting the price to fall, the Whales have a contrary view of things. A cursory look at the MACD (Moving Average Convergence Divergence) seems to support the traders’ sentiment. The MACD is currently below the signal line; therefore, indicating a bearish momentum and a hard breakout.
Why Investors Interest Is Diverted To DigiHorse
Given the heightened volatility of the crypto market, diversification has been a risk management recourse for most investors. That is, investors have taken interest in new projects with potential, one of which is DigiHorse.
DigiHorse has begun to garner attention. This relatively new entrant in the cryptocurrency market combines the excitement of digital horse racing with blockchain technology, creating an engaging platform for gamers and investors. DigiHorse allows users to buy, sell, and race NFT horses, offering a unique blend of entertainment and investment opportunities.
What sets DigiHorse apart from other gaming cryptocurrencies is its commitment to fostering a community-driven ecosystem. The platform’s engaging gameplay coupled with blockchain advantages positions it as a potential disruptor in the gaming industry.
DigiHorse promises not only growth but also distinctive user experience. It is currently offering 450 million tokens in the first presale stage at $0.0033 each. So far, over 5 million buys have been recorded; the token is expected to be sold out before October.
Learn More About the Thrilling Opportunities of DigiHorse ($DIGI) Presale Now!
Website: www.digihorseempires.io
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