The cryptocurrency market has seen better days with so many events unfolding in the past weeks. Meme coins are not left out of the inconsistency that has befallen Bitcoin since July.
The cryptocurrency market has experienced significant volatility in recent weeks, impacting the price movements of meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), and DigiHorse (DIGI).
DOGE's price has dropped 4.2% over the last 24 hours due to increased selling pressure from futures traders. Despite the bearish indication, technical analysis suggests a potential price drop followed by a reversal. However, sustained selling pressure could hinder the bullish thesis.
Meanwhile, SHIB users are facing a new scam as fraudsters are creating fake versions of popular cryptocurrency wallet interfaces. The scam aims to trick users into revealing sensitive information and ultimately draining their funds.
On the other hand, DigiHorse has attracted attention with its AI-powered NFT ecosystem and play-to-earn model. The presale, offering 450 million DIGI tokens at $0.003333, has sparked interest.
Analysts foresee a surge to $0.075 upon listing, highlighting the token's potential for massive growth and outpacing several altcoins in the market.
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