DOT Nears All-Time Low, AVAX Remains Bearish, DIGI Set for 2000% Return on Launch

September 03, 2024

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The price of Polkadot (DOT) continues to suffer as a lack of market enthusiasm drives its value lower than previously anticipated. Avalanche (AVAX) faces a similar fate, albeit slightly better, though still not meeting expectations.

Interest in DIGI has surged, evidenced by its rapid sell-out of over $400,000 during the first two closing phases of its presale within just a few weeks. As investors gain more insight into DigiHorse’s (DIGI) revenue generation strategy, optimism has reached its peak.

Will DOT Disappoint Investors Again?

Polkadot (DOT) has been sluggish since the start of the year, plummeting 69.80% from its peak in March. Experts suggest that the downturn is not over yet.

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At the time of writing, DOT is nearing a major support zone around $4.00. Despite historical buying pressure at this level, analysts point out that the negative volume indicated by the Awesome Oscillator and the Moving Average Convergence Divergence (MACD) being in the negative zone suggest further declines for DOT.

AVAX Also Faces Challenges

The decline in AVAX has been accelerated by negative sentiment from retail traders and large-volume holders, as both groups sell off their holdings. This bearish trend is confirmed by negative open interest, which indicates that short traders dominate, and by the fact that outflows of AVAX have been lower than inflows over the past seven days, suggesting a growing supply that could further depress prices.

Moreover, long traders hoping for a price increase have faced significant losses, with $480.54k liquidated out of a total of $546.43k in the last 24 hours.

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DigiHorse (DIGI) Revenue Model Excites Investors

DigiHorse, a Web3 horse gaming platform currently under development on the Layer 2 blockchain Base, aims to offer a unique and immersive gaming experience that current horse racing games lack.

DIGI, the native token for DigiHorse, has sold out two phases of its presale in record time. This success is largely due to investors’ understanding and confidence in the game’s revenue model, which they believe makes DIGI a solid long-term investment.

DigiHorse’s revenue model includes:

Future in-game purchases allow users to use their DIGI tokens to buy items that help them advance to the next stage and unlock new features and abilities.
Tournament fees, with users paying in DIGI to enter major tournaments that offer rewards for winners.
A token burn mechanism that will be implemented at launch, reducing the circulation of DIGI to increase demand and potentially drive up its value.

This revenue generation model is highly beneficial, demonstrating DigiHorse’s commitment to building a well-structured game with an effective incentive model.

For more information about DigiHorse and DIGI, visit the official website linked below.

Join the presale: www.digihorseempires.io

Socials: https://linktr.ee/digihorseempires