Both Ethereum and Ripple have experienced significant drops, which have caused panic among investors and led to a change in the mood throughout the market. The fall of Ethereum and the continued decline in the price of Ripple have left traders looking for coins with upside potential.
In response, some are turning to Digitap ($TAP), a new project that has shown early resilience amid broader market weakness. Its utility-focused model is drawing attention as a potential shelter from current volatility, especially as large-cap coins struggle to regain footing.
Ethereum (ETH) Plummets Below $4,000
The Ethereum token, one of the top 10 altcoins, has extended its bearish streak, dropping 12.0% on the 7D chart. As per the statistics of CoinMarketCap, the price of Ethereum is trading under the $4,000 mark.
Recently, the Ethereum price fell below the 9-day Simple Moving Average (SMA), which shows a declining bullish momentum. The steep fall is also in line with the rising sales volumes, indicating the rising bearish pressure.
The Average Directional Index is 19.72, which highlights a weak trend strength. The next support in case of bearish momentum is approximately at $3,850. If the selling pressure continues, there is a firmer supporter at $3,600.
On the upside, the bulls must cross the $4,350-4,400 region to nullify the bearish formation. The Ethereum price prediction by IncomeSharks shows that ETH could skyrocket to a price of $5,000 in the coming weeks.
A crypto trader, EZ Money, believes the recent downturn would not last, citing past cases when the Ethereum price fell before soaring up the charts. The trader forecasts that the Ethereum price could pump to $5,300 soon.
Ripple (XRP) Price Declines Amid Weakening Buying Pressure
The Ripple price is currently trading in the red region, facing rejection after a brief recovery from recent lows. According to CoinMarketCap, the price of XRP soared to $2.98 on Wednesday.
However, the uptrend did not last as selling pressure kicked in. The Ripple coin price is now down 8.5% on the 7D chart. Technical indicators are also predominantly bearish.
The RSI stands at 42.61, falling below the midline, which is a sign of decreasing bullish momentum and transitioning to bearish control. If the RSI falls below 40, it may indicate more retracement.
In the meantime, the ADX is 15.57. This indicates that XRP’s momentum is weak and more buying pressure is needed to force an uptrend.
On the bright side, EtherNasyonaL forecasts that the Ripple price might soar to $4.60. Also, Ali_Charts is bullish about the XRP. He believes that bulls defending the $2.71 support is a bullish sign. If buying pressure increases, the on-chain analyst predicts that the price of Ripple could soar to $3.60.
Digitap ($TAP) Gains Traction as Its Presale Crosses $200k Amid Growing Utility Demand
Digitap ($TAP), the emerging omni-bank platform blending crypto and traditional finance, is gaining attention in the crypto market. The platforms that seek to bank the unbanked have an app that supports instant crypto-to-fiat conversions. Digitap also has virtual and physical cards, which freelancers, businesses, and merchants can use to pay for goods and services globally.
Also, Digitap promises fast transactions and low fees, which are not available on traditional banking platforms. Unlike speculative meme coins like Dogecoin, Digitap is focused on practical adoption.
With over $200k raised in its ongoing presale and a 15% discount on first-time purchases, Digitap’s native token, $TAP, is drawing attention for its real-world utility. Users can stake $TAP for up to 124% APR, while a burn mechanism helps reduce supply and support value appreciation.
With a current presale price of $0.0125, Digitap has sold over 16 million coins. Analysts suggest $TAP could mirror early-stage growth seen in tokens like Ripple and Ethereum, both of which surged after launching with low market caps. Digitap’s combination of cross-border payments, high-staking yields, and seamless user experience positions its $TAP coin for huge adoption.
Why $TAP is the Best New Crypto To Buy
As Ethereum and Ripple face continued pressure, Digitap’s presale is gaining momentum. Its price is expected to increase in the coming weeks as each stage sells out. While still early in its development, the project’s focus on real-world utility could increase adoption and propel its price to new highs. Such potential positions $TAP as one of the top alt coins to watch now.
Discover how Digitap is unifying cash and crypto by checking out their project here:
Presale https://presale.digitap.app
Social: https://linktr.ee/digitap.app
This article contains information about a cryptocurrency presale. Crypto Economy is not associated with the project. As with any initiative within the crypto ecosystem, we encourage users to do their own research before participating, carefully considering both the potential and the risks involved. This content is for informational purposes only and does not constitute investment advice.
