Render (RNDR), once dominant in the AI crypto market, saw its value plummet from an all time high of $13 to $3.49, losing 39% in the past 30 days. Bitcoin Cash (BCH) also struggled, dropping 8% in 24 hours to below $350. Amid this bloodbath, DigiHorse (DIGI) is holding strong in its presale phase, with a projected impressive 2150% increase upon official launch.
Render’s AI Market Domination Declines
Render initially capitalized on its decentralized GPU rendering service, promising to dominate the AI crypto market. After a challenging 2023, Render experienced a remarkable turnaround, soaring over 1000% to a new all-time high of $13 within the first four months of 2024.
However, the enthusiasm was short-lived as its AI narrative quickly dissipated. The subsequent radical shakedown and rebranding of the RENDER token failed to rekindle investor interest, leading to a significant loss of more than half its peak value, now trading around $4.01 with a 39% loss over the past 30 days.
The token recently fell below the critical support level at $5.40, signaling potential further declines towards $3.60 unless it stabilizes. Despite the gloomy outlook and a sharp decrease in trading volume indicating reduced buying interest, analysts still see a possibility for a short-term recovery, albeit with risks of additional downturns.
Bitcoin Cash Sees Volatile Week Despite Strong Start
Bitcoin Cash (BCH) kicked off the week on a bullish note, reaching a high of $459 on Monday and surpassing the $450 price level. However, the momentum was short-lived as selling pressure at higher levels took hold on Tuesday, causing an 34.49% drop in value. The price fell below $450, eventually settling at $349. This marked an 15.99% decrease over the last 24 hours and an 34.25% decline over the past week.
Currently, Bitcoin Cash holds the #14rank in market cap at approximately $5.72 billion. Despite a general 1.2% rise in the crypto market index, BCH’s price has faced significant setbacks, influenced by increased selling activity linked to substantial transfers of PEPE tokens to the Binance platform. Moreover, the continued presence of $2.1 billion in Bitcoin held by Mt. Gox has further dampened market sentiment for BCH.
DigiHorse (DIGI) Presale Launch Sets Market Abuzz
DigiHorse (DIGI) is making waves as it launches its highly anticipated presale. As a pioneering digital platform, DigiHorse allows users to buy and sell racehorses as NFTs, earn from playing, and host virtual horse races. With robust tokenomics and a lucrative revenue-sharing model, analysts are optimistic about its bullish potential, projecting a rise to $1 within 24 months.
Taking advantage of the presale offers investors an early bird opportunity to purchase at a discounted price before it hits the broader market, potentially reaping significant returns as demand grows. The combination of blockchain technology and the horse racing industry represents an untapped market with less competition and substantial growth potential, making DIGI a standout investment in the current landscape.
Participate in the presale and stay updated with the community below!
Twitter: https://x.com/DHorseEmpires
Telegram: https://t.me/DigiHorseEmpiresOfficial
Website: https://digihorseempires.io
Presale: https://digihorseempires.io/?utm_source=PR+tena&utm_medium=pressrelease
