XRP has seen a substantial gain over the last few days. Despite outperforming many altcoins, it is still trading around 30% below its October high. With technical indicators pointing to a stable, rather than positive, outlook, some investors have begun looking elsewhere for the top cryptos to buy at this time.
One altcoin that many investors are currently interested in is Digitap ($TAP). It’s Black Friday and Cyber Monday sales recently generated large inflows and garnered mainstream attention. Even after the sale has ended, its momentum shows no signs of slowing.
Technical Indicators Point to a Stable XRP Over the Next Few Weeks
Compared with other coins, such as Ethereum, XRP has shown a remarkable recovery. XRP is down about 14% over the past month, while Ethereum has lost over 20% in the same period.
However, there is growing concern among traders that XRP will not be able to sustain this momentum in the coming weeks. The 14-day Relative Strength Index is currently at 47. Since the RSI tracks both price movements and momentum, a reading of 47 indicates that XRP is currently neither overbought nor oversold.
The 14-day average directional index also shows a neutral score of 20.2 at the moment. Coupled with this, while the 10-day moving averages show a ‘buy’ rating, the 20-day averages are currently at a ‘sell’ rating. What this means is that technical indicators for XRP are currently all over the place, with most pointing to the price staying stable over the next few weeks.
Most investors have never considered XRP to be the best altcoin to buy for beating the bear market. This seems to be the case in the current crash as well. Despite a slight recovery, many do not expect XRP to reach its October highs anytime soon. Instead, some investors are shifting to Digitap’s crypto presale, which has already seen a price increase after the crash.
Digitap’s Attempt to Merge Crypto and Fiat Draws Investor Interest
As the broader crypto market struggles, investors are looking at smaller coins with larger potential upsides. Digitap has emerged as one of the top cryptos to buy after its Black Friday sale garnered attention from major news outlets.
Digitap is an omnibank utilizing its multi-rail architecture to enable both crypto and fiat payments simultaneously. Users of Digitap can access both a multi-chain wallet and an offshore bank account. Through its Visa card, Digitap users can use crypto to make payments across the world.
While Black Friday was a huge help for generating investor interest, the primary investment thesis for Digitap is still its utility. As it taps into both fiat and crypto banking markets, Digitap could have a total target market of trillions.
The development team has confirmed that it will use some of the proceeds from the crypto presale to launch a global marketing campaign. Even if only partially successful, this could exponentially increase demand for $TAP.
Digitap further emphasizes its focus on longevity by using half of its profits to burn $TAP and reward stakers. The ongoing decline in $TAP’s supply could be a catalyst for further price increases for Digitap.
Some whales that were previously interested in XRP have already begun to shift to Digitap after XRP’s neutral outlook. There is a growing consensus among crypto enthusiasts that the current bear market will continue if interest rates increase in December. Having already shown that it can potentially hold its price during a crash, Digitap could now be considered as one of the best altcoins to buy for the bear market.
Digitap Emerges as a Top Crypto to Buy After Strong Presale Inflows
The hype around Digitap was already huge before Black Friday. Once the company offered bonuses totalling $1 million across the weekend, inflows surged massively. In total, the Digitap crypto presale has raised over $2.2 million so far.
So far, over 120,000 wallets have purchased 135 million Digitap tokens. The strong investor demand pushed Digitap’s price up even during the crash. Early investors have now seen a 160% return on Digitap investments.
USE THE CODE “TAPPER20” FOR 20% OFF FIRST-TIME PURCHASES
Digitap tokens are currently available for $0.0334 in the second stage of the presale. With the stage already over 95% complete, the price of Digitap tokens is expected to rise to $0.0361 within the next 48 hours. Many investors are expecting further price increases after that, as Digitap’s launch price has been confirmed at $0.14.
Digitap is Live NOW. Learn more about their project here:
Presale https://presale.digitap.app
Website: https://digitap.app
Social: https://linktr.ee/digitap.app
Win $250K: https://gleam.io/bfpzx/digitap-250000-giveaway
Disclaimer: This is a paid post and should not be treated as news/advice.
Source: https://ambcrypto.com/xrp-momentum-at-2-18-vs-digitap-tap-crypto-presale-demand-analyzing-the-flows/
