Lack of Interest in BNB Becomes Evident
As the market experiences a recent downturn, BNB has been notably affected and shows no immediate signs of recovery. Currently, BNB is in an accumulation phase, as reflected by the Fibonacci Retracement Line. The key resistance level stands at 593.1, while the support level is at 475.9.
At present, BNB is trading near the support level of 522.9. If it falls below this level, the price could drop further to 475.9 or potentially retreat to 400—an area previously reached after the market crash on August 5.
Many investors are currently holding off on BNB, waiting for a more definitive market signal before making any moves.
US Investors Back ETH Despite Recent Market Turbulence
Despite the recent market turbulence, Ethereum (ETH) continues to attract strong interest from US investors. The Coinbase Premium Index, as reported by Crypto Quant, indicates significant backing for ETH, with the index trading at a positive region of 0.03 at press time.
ETH’s appeal is not limited to the US. The launch of BlackRock’s iShare Ethereum Trust (ETHA) on Brazil’s B3 exchange has sparked global interest, bolstering a bullish outlook for ETH’s price. However, it may take time before ETH reaches its previous all-time high.
Why Investors Are Flocking to DigiHorse (DIGI)
DigiHorse (DIGI) is gaining substantial attention from investors, thanks to strong advocacy from analysts. Over $150,000 has been raised in a short period, and the growing community of 900 members is highly engaged. DigiHorse’s white paper outlines innovative proposals for the Web3 horse racing niche, generating excitement.
DigiHorse is a Web3 game in development featuring AI-driven NFTs that players can breed, grow, and sell on secondary markets. The platform is also set to partner with major gambling firms, enabling significant betting on NFT horse races.
The investment potential in DigiHorse is promising. Currently, DIGI is trading at $0.00457 per unit, with expectations of a 1542% return on the day of its launch.