As the cryptocurrency market continues to evolve, several coins are emerging as potential leaders in the race toward significant price milestones. Among the frontrunners are DigiHorse, TRON, and PEPE, each showcasing unique features and growing communities that could propel them toward the coveted $1 mark.
TRON Poised For Breakout Amid Open Interest Surge
TRX has gained over 2% in the past 24 hours, currently trading at $0.136, with a market capitalization of $11.8 billion and a daily trading volume of nearly $300 million. On-chain analysis reveals that TRX’s price surge from $0.126 has triggered a substantial rise in total open interest, growth from $47 million on August 12 to a five-month high of $71 million at the time of writing (August 19, 9:09 am EST).
The rapid increase in TRX’s open interest may lead to increased liquidations, potentially resulting in significant price volatility; or it may hike due to increased positive sentiments on social platforms.
PEPE May Surge 200x Based On Price Chart
Despite PEPE Coin’s price drop below a critical support level over the weekend, whale activity has increased significantly, with major investors from Kraken snapping up billions of PEPE. This heightened interest may suggest that these whales have access to information that could drive the coin’s future growth.
Technical analysis indicates that they might be onto something, as the completion of a specific pattern could send PEPE Coin’s price soaring 200% into new territory. The price of PEPE has been trending downward, reflecting a bearish market sentiment. However, a subtle shift may be underway, as support has been building since August 16, which could potentially mark a turning point for the asset.
DigiHorse: A New Contender In The Market
DigiHorse has gained traction as a blockchain-based platform that combines the thrill of horse racing with a reward-based system. By enabling users to engage in virtual horse racing using NFTs, DigiHorse has positioned itself as an innovative player in the gaming and entertainment sectors.
The growing popularity of the gaming industry, coupled with the increasing adoption of NFTs, could provide a robust foundation for DigiHorse. As more users engage with the platform and the community expands, the demand for DIGI may increase significantly, driving its price toward the $1 breakthrough.
Also, DigiHorse is sold out at the first presale stage for $0.0033, the price is expected to surge to $0.75 upon listing. Given its pioneer status and unique reward-based model, analysts believe it will reach the $1 mark in 24 months.
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