As the crypto market gradually regains confidence, evidenced by an 8.72% increase in market cap to $1.95 trillion, investors are seeking tokens to channel their funds into.
DIGI is predicted to deliver the most gains, while TRX and TON remain attractive for investors looking for quick, short-term profits.
Why TRX May Realize Quick Market Gains
TRX wasn’t spared from the recent market downturn, losing 7.58%. This minimal drop, compared to other crypto assets that were hit harder, has piqued investor interest.
New developments suggest TRX might be positioned for a rally to $0.014, a high last seen on July 13th. On-chain data shows that despite the recent price fall, the number of TRX holders increased drastically by over 300%.
Typically, when the number of holders surges while the price declines, it indicates market conviction in the potential of TRX.
Currently, the Commodity Channel Index (CCI), which measures price deviation from its average over a set period and indicates overbought (above +100) or oversold (below -100) conditions, reads in the negative region. This, combined with other bullish patterns, may provide the push needed for a market rally.
TRX Shakes Off Sellers, Ready For A 17% Climb
The Relative Strength Index (RSI) indicator, which measures the speed and change of price movements using a range from 0 to 100, with readings above 70 indicating overbought conditions and below 30 indicating oversold conditions, shows TRX below 30.
This suggests TRX is poised for a potential upward move. The next possible stop from TRX’s current price is the fair value gap between $6.199 and $6.622. If this gap is filled, TRX could record at least a 17% gain for investors.
A fair value gap is a price gap where numerous buyer or seller orders lie. With TRX, unfilled seller orders in the aforementioned region could drive a bullish movement.
Interest in DIGI Is Not Fading
Interest in DIGI remains strong, with more stakes coming from investors willing to play the long-term game. Analysts have been signaling a purchase of DIGI for a while, raising awareness of its potential.
DIGI is the native token for the popular Web3 horse gaming platform, DigiHorse, which incorporates a play-to-earn model with a unique economic system that allows activities such as renting or creating rare NFTs using artificial intelligence (AI).
Forecasts indicate that DIGI could be valued at $0.075 by the time of launch, as it is currently in presale mode. With one DIGI currently priced at $0.003333, investors could see a staggering 2150% profit increase.
To learn more about DIGI, visit:
- Website: www.digihorseempires.io
- Presale: Join Now
- Twitter: Follow Us
- Telegram: Join the Conversation
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