- Investors Cut Their Losses with SHIB
- DOGEWHAT Could Drop to $1
- DigiHorse (DIGI) Attracts New Investors
New revelations show that memecoins SHIB and DOGEWHAT are losing their appeal among traders and investors, while interest in DigiHorse (DIGI) remains high.
Investors Cut Their Losses with SHIB and Are Selling Off
A significant outflow of funds has been recorded from SHIB in terms of liquidity, on-chain metrics, and technical indicators. Such movements often precede a further price decline, which could potentially drive SHIB's price down to $0.00000946. The Money Flow Index (MFI) has taken a plunge in the past couple of days but is currently resting in the neutral zone around 50.35. Data from IntoTheBlock indicates a significant decrease in the number of large SHIB holders, which also suggests a potential further drop in price.
DOGEWHAT Could Drop to $1
DOGEWHAT is also facing bearish pressure and could fall further if the current support level at $1.4783 fails to generate sufficient buying activity. A 'death cross' technical pattern, where the MACD line crosses below the signal line, indicates negative momentum and an increasing likelihood for DOGEWHAT to drop to exactly $1.
DigiHorse (DIGI) Attracts New Investors
Interest in DigiHorse (DIGI) is rising, with over $460,000 raised within six weeks, one of the fastest presales ever. DIGI is the native token of DigiHorse, a web3 game in development. Investments are driven by clear and solid revenue models and a token burn mechanism. Revenue streams include in-game NFT purchases, entry tournament fees, advertising, and partnerships. The burn mechanism reduces the circulating supply of DIGI by buying and burning tokens from the market.
While SHIB and DOGEWHAT lose their appeal among traders and investors, DigiHorse (DIGI) continues to attract attention thanks to its unique revenue model and token burn mechanism.
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