Following a tumultuous opening in August, the crypto market is slowly recovering with many altcoins showing upward movements signifying positive sentiments being shared among investors. Notable among these coins are CRV and WIF.
With this resurgence, investor confidence has been reignited, creating a favourable environment for firms linked to the crypto sphere, particularly those that bridge technology and traditional sectors. Nonetheless, investors’ attention have been diverted to emerging projects for effective management of the volatile market and recoup losses made in the previous weeks.
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CRV Meteoric Rise Amidst New Announcements
After the announcement of Curve Finance’s efforts to control inflation, CRV’s price climbed by 9.21% to $0.3072 within 24 hours on August 13th, 09:00 EST. The aim of inflation control is to manage token value and limit the circulation to 375,000 CRV per day.
This creates scarcity which in turn influences the price and affects the overall market performance. Another factor for this sudden rise is overall market sentiments, and federal reserve rate cuts. According to industry experts, the crypto market has endured the correction phase and is poised for rebound.
Also, there are predictions that it might touch $0.50 by the year end.
WIF Stages Epic Comeback, Eyes New Highs.
Although there is an 11% drop in trading volume to $533 million, WIF has surged 10% in the last 24 hours and 21% in the past seven days. At a price of $1.66, it has outperformed other popular altcoins liek PEPE, SHIB, DOGE etc.
The support level at $1.32 has resulted in formation of a double-bottom pattern, showing a potential upsurge. This may drive more purchases thereby driving the price up to test resistance levels at the 50-day and 200-day SMA (Simple Moving Average) at $2.13 and $2.04 respectively.
Currently, the Relative Strength Index (RSI) has moved past oversold territory to a level of about 42 but may soon enter an overbought region. Overall, nothing is too sure as the bears may take over given the prevailing market conditions.
DigiHorse Becomes Top Contender In Revitalized Crypto Market
DigiHorse leverages blockchain technology to bring innovation to horse racing and breeding, offering a platform that connects enthusiasts with a wealth of data-driven insights. It is built as a reward system where players earn, buy and sell NFT horses, rent hippodromes, and engage in racing competitions.
Investors are eyeing DigiHorse not just as a niche player in the blockchain industry but as a potential disruptor. With plans to incorporate multichain technology, there is a guarantee for mitigating risk and preventing systemic failures. Also, it allows for seamless transfer of assets across different blockchain.
Now is the time to take advantage of the initial price of the token at $0.0033 as the first presale stage closes soon and stands a chance to gain up to 2150% upon listing.
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Twitter: DigiHorse Empires
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