With over $1 billion liquidated in the crypto market, investors are seeking a better alternative. The outlook for market-leading tokens like BTC and ETH is bleak.
For now, analysts consider DIGI the best escape from the messy market conditions, offering investors a promising edge with significant returns.
Massive Dump On Bitcoin
After an impressive rally of 60% following the launch of a Bitcoin ETF, BTC has struggled to maintain momentum. From August 1st to the present, BTC has failed to yield decent returns, experiencing a 25.22% drop in its leading price.
IntoTheBlock reports that market signals are extremely bearish, indicating that current market participants are eager to exchange Bitcoin for alternative cryptocurrencies like stablecoins. This shift aims to find a safe haven at the current price of $54k and avoid further losses.
ETH Follows BTC’s Downtrend
Like BTC, ETH has experienced massive losses, plunging 34.73% since trading began in August, with prices now at $2.5k.
The Relative Strength Index (RSI), which measures the velocity and magnitude of price movements to detect overbought or oversold conditions, indicates that ETH is currently oversold.
An oversold market suggests that selling pressure might be subsiding and buyers could be poised to enter and potentially reverse the trend. However, the timing of this shift and the potential profits for investors remain uncertain.
DIGI, Investors’ Best Bet For Profitability and a Green Portfolio
Despite the current market turbulence, several analysts are championing DIGI as a potential market savior, anticipating tangible returns.
As of this writing, analysts predict a potential gain of up to 2150% if DIGI is purchased at the current presale price of $0.03333. This return is projected to be available only to those who invest in the 45 million DIGI currently on offer.
While questions persist about what DIGI is and why it’s considered the best alternative for a green portfolio, analysts have shed light on its role. DIGI is the native token of the revolutionary Web3 gaming platform, DigiHorse.
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