A new month is here, and some cryptocurrencies are showing significant changes. Monero (XMR) and Tron (TRX) continue to display stability and growth, while DigiHorse (DIGI), unaffected by market movements, is catching the attention of investors.
Monero Holds Steady
Monero (XMR), the popular privacy-focused cryptocurrency, has been consolidating lately. Over the past month, it has modestly increased by 2.93%. This follows a slight increase of 0.83% over the past week. Additionally, the past 24 hours have brought a 1.61% gain, suggesting some upward momentum. Trading at around $167 on September 2nd, Monero's price movements indicate a healthy balance between buying and selling pressure, which is favorable for its long-term stability.
TRX Transaction Volume Rises
Tron (TRX), which is number 9 on CoinMarketCap's list, has recently reached a significant milestone of processing over 8.1 billion transactions. This achievement shows the growing adoption of Tron's network, becoming a preferred choice for many users due to its affordability and speed. Tether (USDT) transactions drive a significant portion of this volume, as stablecoin users increasingly choose Tron for its low transaction fees. Over the past month, TRX has enjoyed a price increase of 25% and a 103% increase in 1 year. This upward trajectory is supported by a spike in daily trading volumes and the launch of new meme coins on Tron’s network, further boosting its popularity.
DigiHorse Gains Momentum
As XMR and TRX make notable strides, DigiHorse (DIGI) is also significantly booming among investors darting for high-growth opportunities. The third stage of DigiHorse’s presale has already generated over $101,088 as of September 2nd, with the current token price set at $0.006256. With stages 1 and 2 selling out quickly, experts anticipate that stage 3 will close sooner than expected, given the growing interest and momentum behind the project. DigiHorse Empires is not just a gaming platform in development; it’s an ecosystem aimed at generating sustainable revenue and creating long-term value for its community. This will primarily be achieved through a strategic buyback and burn program. After the initial launch phase, DigiHorse Empires will allocate a portion of its quarterly profits to buy back DIGI tokens from the open market. This buyback process, set to begin within three months post-launch, will help reduce the circulating supply of DIGI tokens, create scarcity, and potentially increase the remaining tokens’ value. To further decrease the total supply, after each buyback, a significant portion of the acquired tokens will be permanently burned. The first burn event is scheduled for six months post-launch and will continue quarterly. This deflationary mechanism rewards long-term holders by improving the token’s value over time.
Monero and Tron continue to show stable growth, while DigiHorse attracts significant investor attention. These changes underscore that the cryptocurrency market remains dynamic and full of opportunities.
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