The new week opened with strong moves across the crypto market. Dogecoin dropped sharply after a broader correction, falling close to the $0.13 region. The fall came at a time when traders were already uncertain about the memecoin’s outlook, as reported ETF inflows remained limited.
At the same time, a different narrative formed inside the market. Digitap ($TAP), a project running a token sale and promoting a financial app available on major mobile app stores, reported heightened weekend activity. The contrast led some market participants to monitor Digitap alongside other early-stage tokens during December.
Dogecoin Faces Pressure After a 9% Drop
Dogecoin fell more than 9% during the recent correction and touched a low of around $0.1368. This move drew attention because it followed the launch of new Dogecoin ETFs. Those ETFs reportedly brought in around $2.16 million, suggesting some investors remain cautious.
The broader picture also stayed weak. Dogecoin now trades more than 80% below its all-time high near $0.7376. Market sentiment remains soft, and some traders expect limited movement unless a strong outside trigger appears. A separate narrative is linked to Elon Musk’s DOGE-1 lunar mission, but it has not translated into consistent demand.
All of this placed Dogecoin in a difficult position. Some traders are watching other altcoins that show clearer product development, while Dogecoin remains more dependent on broader market sentiment and news-driven catalysts.
The Dogecoin Chart Signals Show a Weak Structure
The Dogecoin chart reflects the current mood. A breakdown from the $0.15 area preceded the latest fall. A series of long red candles appeared on high volume, which suggested elevated selling activity.
After the drop, Dogecoin found support around $0.134. The bounce that followed stayed small and slow. This type of move can occur after a correction and does not necessarily indicate a trend change. Buyers did not push the price back toward earlier levels.
Source: TradingView/DOGE
The structure now shows lower highs and lower lows. The old support near $0.15 has acted as resistance. Many traders now watch the $0.134 area as support and $0.145 as a resistance level. Market conditions can change quickly, and these levels are not guarantees of future price action.
Digitap Fits the Market’s Interest in Utility-Focused Apps
Some market participants have recently shown interest in projects that claim to offer consumer-facing tools. Digitap describes itself as an “omni-bank,” aiming to combine crypto and traditional finance functions—such as transfers and payments—inside a single app.
Source: Digitap
According to the project, the app is available on the Apple App Store and Google Play Store. It says users can open accounts, send money, create virtual cards, and test features. As with any financial app, availability and features may vary by jurisdiction and user eligibility.
The project’s token sale has continued during a challenging market. Some traders say they prefer early-stage tokens tied to products that can be demonstrated, rather than projects that only publish roadmap milestones.
How Digitap Positions Itself Against Other Early-Stage Projects
Digitap highlights several features it says differentiate the product. It describes an app that handles both crypto and fiat in one place, with multi-currency wallets, payments, and virtual or physical Visa cards. The project also says some basic features can be used without completing KYC, although requirements can change and may depend on region and use case.
Digitap also describes an economic model that allocates a portion of platform profits to token buybacks and burns, which—if implemented as described—would reduce circulating supply over time. The project further advertises a staking program during the token-sale period with a quoted APR of up to 124%; such figures are project-reported, may change, and should not be treated as predictive or guaranteed.
Digitap Reports Increased Activity During the Weekend
Digitap reported increased activity around Black Friday. According to the project’s materials, the token sale crossed $2.2 million and passed 137 million tokens sold. It also listed a current token price of $0.0334 and stated it would move to $0.0361 in the next round.
The project also states a launch price of $0.14. Price schedules published during token sales can change, and a planned launch price does not imply market demand or future trading levels.
Digitap said the current round was more than 95% complete at the time of writing. Completion percentages are self-reported and do not indicate future performance.
Takeaways
The comparison between Dogecoin’s pullback and attention around projects like Digitap highlights how quickly narratives can shift in crypto markets. Digitap’s pitch centers on a live mobile app and a token model described in project materials; as with other early-stage tokens, participants face material risks, and claims should be verified independently where possible.
Project links (for reference):
Website: https://digitap.app
Social: https://linktr.ee/digitap.app
Giveaway page (project marketing incentive, for reference): https://gleam.io/bfpzx/digitap-250000-giveaway
This article is for informational purposes only and does not constitute financial or investment advice. 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 involved.
