- Notcoin experiences a value drop of 30.76%, leading to a rapid decrease in its holder base.
- Cardano drops out of the top ten cryptocurrencies, now ranking 12th with struggles in maintaining market position.
This past week, the crypto market experienced changes, highlighted by Notcoin’s sharp decline in value and Cardano’s fall from the top ten cryptocurrencies. Simultaneously, DigiHorse announced its upcoming launch on several prominent exchanges, signaling a strategic expansion to strengthen its market presence.
Notcoin, once a prominent tap-to-earn cryptocurrency project on Telegram, saw its value decrease by 30.76%, triggering a reduction in its holder base. This decline was evidenced by a decreased average holding time of Notcoin, as reported by IntoTheBlock, which fell by 62% over the past week.
This metric, reflecting how long cryptocurrencies are retained before being sold, often indicates investor confidence and market stability. The reduction in holding time suggests that investor confidence in Notcoin has weakened, leading to increased sales and reduced transaction volumes.
Additionally, the market activity for Notcoin shows a predominance of selling over buying, with the Bulls and Bears indicator revealing more bearish activity. The trend may impede Notcoin’s ability to recover from its recent price drop, as both retail and investors continue to divest their holdings.
Conversely, Cardano, which had previously secured a position as the third most valuable cryptocurrency, has now dropped to the 12th spot. Despite various initiatives aimed at using blockchain technology for global improvement, Cardano has struggled to maintain its market position.
Its ranking fluctuation is due in part to a lower number of active wallets and a total value locked in DeFi that is considerably less than its peers, making it less competitive in the broader cryptocurrency landscape.
Amidst these market shifts, DigiHorse is preparing to launch a major initiative that could influence its standing within the industry. DigiHorse’s platform incorporates AI-powered non-fungible tokens (NFTs) in a play-to-earn model, allowing users to engage in activities such as virtual horse breeding and racing.
This approach not only enhances user interaction but also taps into the growing NFT market, providing financial incentives within the gaming experience.
Learn More About the Thrilling Opportunities of DigiHorse ($DIGI) Presale Now!
Website: www.digihorseempires.com
Twitter: DigiHorse Empires
Telegram: DigiHorse Empires Official
Presale: Join Now
