Key players like SOL, Ethereum, and DigiHorse (DIGI) grabbing the market’s attention. Here’s a closer look at the latest developments around them.
Solana to Surpass Ethereum Soon?
Solana has been making waves recently, with its total value locked (TVL) reaching a one-year high of over $5.4 billion, according to data from DeFiLlama. The increase in TVL is due to a large influx of deposits into the Solana ecosystem, which is expanding with new projects and increasing user engagement. Despite these positive developments, Solana price struggled to break through the $150 resistance level. However, several analysts believe that continued improvements within the Solana ecosystem could see the price return to $200.
However, it’s not all positive news for Solana. In spite of the multiple financial institutions launching Solana ETFs, the stagnation of the Solana ETF has been cause for concern. Additionally, a recent update suggesting that average fees for ETH will fall to around $1 raises questions about Solana’s ability to remain competitive in the rapidly evolving blockchain space.
Ethereum (ETH) Turns Bullish Across 4-Hour and 2-Hour Charts
Ethereum has seen a mix of ups and downs recently. After reaching a weekly high of $2,818, its price has been on a downtrend. It saw a 3.26% intra-day decline to $2,537.62.
Traders appear to be capitalizing on Ethereum’s lower prices, as evidenced by a notable increase in 24-hour trading volume. On the ETH/USD daily chart, Ethereum is trading below its moving averages, which typically suggests a bearish outlook. However, the Relative Strength Index (RSI) is retracting from overbought territory. Hence, a bullish trend could be on the horizon for September.
If ETH manages to breach the $2,700 pivot, it could see a surge toward its upper resistance at $3,270.
DigiHorse (DIGI) Presale Stage 2 Sells Out in 7 Days
Amidst the fluctuating performances of Solana and Ethereum, DigiHorse (DIGI) has appeared as a standout in GameFi. The project recently completed Stage 2 of its presale, selling out in just seven days—far ahead of the planned 30-day schedule. As of August 30, a total of 7,490,896 $DIGI tokens have been sold, and Stage 3 is progressing rapidly, with expectations of another quick sell-out.
The strong interest in DigiHorse is fueled by its creative approach and the prospect for bullish gains, with analysts projecting a possible 21X return. The next presale stage will see a price increase of 37.02%, further signaling strong demand and investor confidence.
DigiHorse’s early success is not just about short-term speculation; it brings a broader strategic vision extending into 2025 and beyond. The project is positioning itself as a long-term investment opportunity, with continuous innovation and expansion planned for the future. As such, DigiHorse is quickly becoming one to watch, especially for investors seeking exposure to the growing GameFi ecosystem.
Learn More About the Thrilling Opportunities of DigiHorse (DIGI) Presale Now!
Website: https://digihorseempires.io
Socials: https://linktr.ee/digihorseempires
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