Bitcoin surges as DigiHorse (DIGI) attracts high-value investors, $1 billion in newly minted USD
August 21, 2024
The cryptocurrency market is experiencing renewed bullish momentum after a period of stagnation. Over the past week, Bitcoin has shown resilience, hovering around $58,000 with minimal volatility.
However, the leading cryptocurrency has recently broken out, reaching a daily high of $61,400 on Tuesday. This is a 6.1% increase from the day’s low of $57,864.
Tether’s Latest $1 Billion in Liquidity Fuels Bitcoin’s Rally
This bullish market sentiment comes after the Tether Treasury recently minted a massive $1 billion USDT stablecoin on Tuesday. The massive injection of stablecoins indicates a new wave of liquidity entering the market.
This development has caught the attention of the crypto community, with many commentators humorously remarking that “the printers have arrived.” Analysts have likened Tether to the Federal Reserve of the crypto world, noting that every time more USDT is minted, the market tends to respond with bullish price action.
The last $1 billion USDT minting occurred on August 13, when Bitcoin briefly reclaimed the $61,000 level before pulling back. Over the past year, Tether has issued more than $33 billion in stablecoins, with the Tron network receiving the lion’s share — $19 billion.
DigiHorse (DIGI) Attracts High-Value Investors
Amid this bullish wave, DigiHorse (DIGI) has emerged as a prominent contender in the crypto space. The DigiHorse presale attracted the attention of high-value investors, and the platform’s innovative AI-driven NFTs have evolved and adapted over time.
These digital racehorses are at the heart of the DigiHorse ecosystem, providing users with the ability to purchase, breed, and race unique NFT horses while earning real-world rewards through the platform’s earning model.
The ongoing presale has been particularly successful, with 450 million DIGI tokens available in Phase 1 at a discounted price of $0.0033333, with the price expected to rise to $0.075 upon listing.
DigiHorse is preparing to launch on several centralized and decentralized exchanges, including at least two top platforms, as it continues to build momentum. This, coupled with partnerships with major gambling companies, positions DigiHorse as a market disruptor in the booming NFT and gaming industries.
As the broader market benefits from Tether’s latest liquidity injection, DigiHorse will soar forward and solidify its position as a leading player in the crypto ecosystem.