Web3 horse racing game DigiHorse continues its impressive run this October, with its native token, DIGI, seeing a steady price increase fueled by growing accumulation from investors.
Meanwhile, Bitcoin (BTC) is struggling to maintain its usual Uptober rally, with its current performance lagging behind expectations despite its historical tendencies to perform well during halving years. Binance Coin (BNB) is also facing headwinds, with its price slipping by 8% over the past week, leaving traders concerned about its near-term outlook amid bearish technical indicators.
BTC Demand Wanes
For Bitcoin (BTC) to reach its ambitious price targets of $85,000 and $100,000, demand must increase significantly. Historically, Bitcoin has thrived in the fourth quarter of halving years, with price surges of 9% in 2012, 59% in 2016, and an impressive 171% in 2020. While 2024 initially showed signs of following a similar pattern, demand growth has been slower than expected, raising doubts about whether Bitcoin can maintain momentum and rally in the coming months.
Unlike in 2020, when Bitcoin entered Q4 in a strong bull phase, BTC in 2024 has been fluctuating between bull and bear territory, as indicated by CryptoQuant’s Bull-Bear Market Cycle Indicator. This uncertainty underscores the need for a substantial demand boost to keep BTC in the bull phase. Earlier in the year, the launch of Bitcoin spot ETFs triggered a spike in supply, as long-term holders cashed out to new buyers. Now, with increased supply in the market, Bitcoin will need fresh demand to absorb it and sustain its price trajectory heading into the end of the year.
BNB Slips Further as Investor Confidence Wavers
Binance Coin (BNB) is facing a challenging period, with its price dropping by 8% over the past week, raising concerns among investors. Despite initial optimism surrounding recent developments involving Binance founder Changpeng Zhao, the market sentiment for BNB has turned bearish.
The downturn appears to be more than a short-term fluctuation, with signals pointing to continued struggles ahead. Investor confidence remains low, and with BNB’s price trajectory trending downward, the path to recovery may be difficult in the near future. Traders are keeping a cautious eye on whether any positive market catalysts can reverse this ongoing decline.
DigiHorse Powers Through Presale Stages as Demand for DIGI Grows
DigiHorse is making a strong impression in the GameFi sector, successfully selling out the first three stages of its presale and now entering stage four. Its native token, DIGI, has quickly gained traction among investors due to the project’s innovative approach. In DigiHorse, players can manage virtual stables, breed NFT horses, and compete in races, earning rewards in DIGI tokens as part of a growing play-to-earn (P2E) ecosystem.
What sets DigiHorse apart from other GameFi projects is its unique combination of gameplay and investment potential. Features such as customized horse genetics and high-stakes racing tournaments have drawn in a diverse crowd, ranging from casual gamers to serious crypto investors. The project’s steady presale growth is a testament to the excitement building around its official launch.
Investors who join early are seeing returns even before the game’s full release, with many eager to experience its exclusive perks. DigiHorse Empires Club members, for example, enjoy special benefits like early access to in-game assets and governance roles, giving them a competitive edge in both gameplay and investment. As the project continues to expand, those who get involved now are well-positioned for future success.
Learn More About the Thrilling Opportunities of DigiHorse ($DIGI) Presale Now!
Website: https://digihorseempires.io
Socials: https://linktr.ee/digihorseempires
