The bears have held the market for too long and almost crippled it. The Crypto Giant, Bitcoin, finally crossed the $60,000 line after dancing back and forth below $58,000 in the past week. Similarly, Ethereum crossed the $2500 move which it has struggled to break over. In the wake of these events, new projects may be dealt a huge blow if traders and investors turn back to traditional coins.
Bitcoin Resurgence: The Usual Gimmick
The Crypto Giant and pioneer, is making a strong rebound after plummeting to $49,500 last week and dancing around $55,000 and $58,000. However, the resistance zone has shifted to $61,000 – $62,000 pointing to further gain.
If macroeconomic data align, the price could climb more to reach $ 65,600 and a final close of $70,000. However, this is unlikely as Fibonacci level suggests $57,350 as the nearest support point.
Ethereum: A Close One to Watch
Following a close mark of $3,500, Ethereum retraced bearishly backwards due to increased selling pressure. Hence, the value of the coin tumbled and eventually crashed down to below $2,500 mid July amid critical market conditions.
In the last 24 hours, Ethereum has attempted a rebound rising by close to 2.8%. This has been attributed to the growing scarcity caused by the lockdown of 40% of the asset in smart contracts.
However, uncertainty still plagues ETH growth and recent market trends reveal a complicated picture for its investors.
Is DigiHorse Still A Desirable Token?
In the face of sentiment shifting in the broader markets, investors may be facing a critical decision: do they stick with the tried and tested giants, or do they venture into the relatively uncharted territory of DigiHorse?
Both strategies come with risks and rewards. Bitcoin and Ethereum offer stability and a proven track record, but DigiHorse presents the allure of pioneering potential in an emerging market. Hence, DigiHorse could yield exponential returns as it gathers momentum in the competitive market. In contrast, the established Crypto coins are laid with many uncertainties.
DigiHorse combines the thrill of gaming with potential for digital ownership, offering players a chance to earn by engaging the platform. As the popularity of P2E models skyrockets, DigiHorse has strategically positioned itself to capitalize on this trend, attracting a diverse range of investors looking for the next big thing.
Join the league of investors buying at the initial price of $0.0033 as the token rounds up its first presale stage. This price is expected to increase by 2150% upon listing.
Learn More About the Thrilling Opportunities of DigiHorse ($DIGI) Presale Now!
Website: www.digihorseempires.io
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