The cryptocurrency market is experiencing volatility as Ethereum drops below $4,000 and Dogecoin fails to sustain the $0.20 level. Some market participants are also monitoring smaller projects that they believe have held up better during the downtrend. One such project is Digitap ($TAP).
The Digitap project has attracted interest on social media and in some market commentary. The team says it has raised over $1.2 million in funding and that more than 83 million tokens have been sold so far. Some promotional material and third-party commentary has described Digitap as having the potential to deliver very large gains (including references to a “100x surge”) and as one of the best altcoins to buy now. Such statements are speculative and should not be treated as guarantees of future performance.
Ethereum Whale Purchases 200,000 ETH Despite Downtrend: What Analysts Are Watching
Ethereum is having a hard time staying above the $4,000 area, with mixed sentiment on charts. The data provided by CoinMarketCap indicates that the price of Ethereum has increased by 0.54% in the weekly chart.
However, it is down by 6.2% on the monthly timeframe. Meanwhile, on-chain data suggests some large holders have been accumulating Ethereum. Santiment data shared by Ali_Charts indicated that 200,000 ETH (valued at roughly $780 million at the time of the post) was removed from exchanges over 48 hours.
Some analysts interpret this type of exchange outflow as potentially supportive for price, though it does not determine future direction on its own. Mister Crypto is among those who have argued that a rebound could occur.
The analyst suggested that the Ethereum price could move higher if certain market conditions play out, and cited a possible target around $5,600. Yakuza gave a similar Ethereum price prediction, posting a target of $5,000. These are individual opinions and remain uncertain.
SantinoCripto highlighted a similarity between the US Russell 2000, which hit a new peak recently, and the Ethereum price chart. He suggested the ETH price could rise toward $6,000 by November-December, though timelines and targets are speculative.
Dogecoin Trades Within a Tight Range: Market Watches for a Breakout
According to CoinMarketCap, the Dogecoin price is holding a narrow range of consolidations between $0.18 and $0.20. The sluggish price action indicates lower volatility and indecision among traders, with neither buyers nor sellers clearly dominating.
The current RSI is at 41.30, which some traders interpret as weak momentum and a market that could swing in either direction if volume changes. Referencing a similar trend in 2020, Galaxy predicts that the Dogecoin price could see an uptrend later in the year, though historical comparisons do not reliably predict future results.
In that scenario, the analyst cited possible targets of $0.24, $0.39, and $0.75. Another expert, EtherNasyonaL, also cited historical patterns in their Dogecoin price prediction, suggesting the memecoin’s current structure resembles prior cycles. These projections are speculative and may not materialize.
EtherNasyonaL notes that the price of Dogecoin could continue higher based on their wave interpretation, while EmilioBojan has suggested that the possibility of a Dogecoin ETF approval could affect sentiment. They also described a scenario where the value of Dogecoin could drop to $0.15 before rebounding to $0.30. These are personal forecasts and are not assurances.
Digitap Highlights Cross-border Payments as It Runs a Token Sale
Digitap is a crypto-fiat platform that describes itself as an “omni-bank.” The project says it is running an ongoing token sale and has raised over $1.2 million, with a portion of its current round completed. Descriptions such as “best ICOs” are promotional claims and should be treated as opinion rather than verified fact.
Digitap says it is developing a platform where freelancers, migrants, and businesses can send funds across borders, aiming to address issues such as speed and fees associated with some traditional services.
According to the project, users will be able to deposit, convert, and spend crypto or fiat using real-time exchange tools and multi-currency wallets. The team also describes a Visa card integration for spending, with fees described as under 1%, and claims the product could reduce delays and costs seen in some traditional transfer systems. These features and fee claims have not been independently verified in this article.
Digitap says it has launched an app on the Google Play Store and iOS App Store. Coinsult and Solidproof have published reviews of Digitap’s smart contracts. Audits can help identify certain issues, but they do not guarantee a project is risk-free or that no vulnerabilities exist.
The project has also shared token pricing for its sale rounds and a proposed launch price. These figures can change and do not imply a guaranteed return.
Market attention around early-stage tokens can be driven by narratives about real-world use cases, audits, and fundraising progress, but these factors do not remove risk. Anyone evaluating a token sale typically considers disclosure quality, token distribution, and the project’s ability to deliver the described product.
What Analysts Are Saying About Market Rotation
While Ethereum and Dogecoin have traded unevenly during the recent market move, some commentary has pointed to Digitap’s fundraising activity and product claims as reasons it is being watched. Forecasts of outsized gains (including references to “100x”) are inherently uncertain and should be viewed as promotional or speculative.
Project links (for reference):
- Token sale page: https://presale.Digitap.app
- Website: https://digitap.app/
- Social: https://linktr.ee/DigiTap.app
This article contains information about a cryptocurrency token sale. This outlet is not affiliated with the project mentioned. As with any initiative within the crypto ecosystem, readers should do their own research and carefully consider the risks. This article is for informational purposes only and does not constitute financial or investment advice.
