🚀 Stay Ahead with AltcoinDaily.co! 🌐
NOT and BNB, which had the market both excited and agitated about a potential huge rally, have failed to deliver. More than that, they have seen a steady market decline, and this trend might become a recurring theme.
DIGI has been on the rise, and the rapid pace at which investors are accumulating DIGI might leave other traders missing out on a 2000% gain as scarcity looms.
BNB and NOT Remain Low-Performing Assets in the Market
The bears have taken the wheel for Binance Coin (BNB), and several indicators suggest that a fall is imminent.
🌟 Unlock Crypto Insights with AltcoinDaily.co! 💰
A look at the Supertrend and Moving Average Convergence Divergence (MACD) paints a completely bearish scenario for BNB.
At press time, the price is below the Supertrend line, which indicates that a further drop is likely. Similarly, BNB has not escaped the MACD death cross, another indicator that selling pressure in the market is about to intensify.
The poor performance extends to NOT. While both indicators used for the analysis of BNB show a similar pattern, analysts say a short-term rally for NOT is unlikely soon.
🦂 AltcoinDaily.co is your trusted source for the latest in crypto news and insights. 🚀
Using the Awesome Oscillator for NOT, the decline was further cemented as negative momentum has been building up, and with time passing, it will intensify.
With both assets underperforming, investors are now seeking better opportunities where demand is high.
Scarcity of DIGI Makes It More Valuable
DigiHorse, the Web3 game in development, will host DIGI and has provided clarity on how the DIGI token distribution and circulation will be managed. It mentioned a burning mechanism which hinges on a scarcity model for DIGI.
Here’s how it works: DigiHorse will implement a token burn mechanism to systematically reduce the available DIGI in circulation. The successful implementation will create more scarcity of DIGI across both centralized and decentralized exchanges.
For those unfamiliar, this tokenomics model has benefited the likes of Bitcoin and has contributed to the value surge in the past year. Other tokens such as SHIB are also beneficiaries of this scarcity model, with their prices surging after a burn was implemented.
When the token burn mechanism goes live, analysts believe the price of DIGI will skyrocket, benefiting those who participated in the early stages of the DIGI presale the most.
At press time, DIGI is in pre-sale round 3, having raised about $400,000 in just six weeks, with optimism higher than ever.
To be a part of the DIGI presale, use the official link attached below.
Join the presale: www.digihorseempires.io
Socials: https://linktr.ee/digihorseempires
