Proof-of-Work cryptocurrencies seem to be having their moment, don’t they? Digibyte (DGB) and Cortex (CTXC) have both surged impressively, with DGB jumping over 35% to $0.01147 and CTXC climbing 22.6% to $0.3377 in the last 24 hours. It’s like these classic PoW projects are reminding the crypto world: “Hey, we’re still here, and we’re still solid.”
So, what’s behind this sudden glow-up?
First, PoW networks are like the reliable, old-school workhorses of the crypto world. They’ve always been prized for their security and decentralization, which might be catching the eye of investors looking for something a bit more, let’s say, robust. Then there’s the market buzz. People seem to be talking about how dependable PoW is compared to some of the newer, shinier consensus models out there. And let’s not forget these projects themselves—Cortex is all about integrating AI into blockchain, and Digibyte’s multi-algorithm tech is designed to keep things decentralized and secure.
Now, let’s talk about their charts because, let’s face it, the numbers don’t lie. DGB is riding high, but its RSI is shouting, “Whoa, slow down!” at 95+, hinting it might be time for a breather. Meanwhile, CTXC is also looking hot, with an RSI of 93—overbought, but the momentum is undeniable. Both are nearing resistance levels, so the next moves will be telling.
What does this all mean? For now, it looks like PoW coins are enjoying a resurgence, reminding us that they’ve still got plenty to offer in a market dominated by Proof-of-Stake projects. Whether this rally is a short-lived buzz or a sign of bigger things to come, one thing’s for sure: these “old-school” cryptos just made themselves hard to ignore. Keep an eye on them—it’s always fun to watch the classics make a comeback!