The crypto market is going through a turbulent phase right now, with most major coins losing ground. However, while major coins like Chainlink and Avalanche are experiencing major price drops, other coins like Digitap ($TAP) are surging, with Digitap already up 150%.
If this trend continues, Digitap could be the best crypto presale of the year. Having already raised over $2.1 million, smart investors seem to believe that Digitap will not be affected by current market conditions, as it is in its presale phase and still trades at a massive discount from its launch price of $0.14.
$LINK falls below $12.87 support level
Chainlink has fallen far below its October high, when it was trading around the $19 zone. Despite increasing with the broader market over the last few months, the coin failed to test its key resistance level of $22.
Had Chainlink crossed the $22 mark, many analysts believe that it would not have fallen as far as it did in the current market. Chainlink’s major support level of $12.87 failed to stabilize the price, and many experts now predict that the coin could fall as low as $10, which is where the next significant support level is.
According to almost every technical indicator available on TradingView, Chainlink’s recommendation is a “sell”. The 10-day exponential moving average currently sits at $13.65, and the 20-day simple moving average is at $14.66.
This has caused investors to dump their Chainlink holdings, moving their capital to coins currently experiencing a surge like Digitap, which many experts believe could be the best altcoin to invest in the current bear market.
$AVAX loses momentum due to sector-wide shocks
Avalanche is another coin that failed to survive the recent bear market, falling below its major support level of $13.87. Just like Chainlink, most of the technical factors indicate that crypto holders should sell their Avalanche holdings, with the 10-day exponential moving average at $14.8 and the 20-day simple moving average at $16.06.
Avalanche is currently trading very close to its next major support level of $12.99. Many experts believe that if Avalanche falls below the $12.99 mark, it could experience a free fall, with some predicting that the price could fall all the way to $10.
However, Avalanche does seem to be consistent at its current price, and it is possible that the next support level will not be breached. Despite that, analysts do not predict a rise for Avalanche any time soon, instead believing that the coin will trade near its current price for the foreseeable future.
Instead, analysts suggest that presales are the top cryptos to buy right now, with many labeling Digitap as the best crypto presale for the current bear market due to its massive utility and strong investor interest.
Digitap surges 150% despite the terrible market outlook
Despite the bear market, Digitap has managed to climb 150%. Strong investor demand has caused many crypto commentators to suggest that Digitap could be one of the best altcoins to buy right now.
The main reason behind Digitap’s rise has been its focus on utility. Digitap is the world’s first omnibank. Through its multi-rail architecture, it allows users to send and receive payments across both blockchains and fiat payment ecosystems.
Digitap also brings convenience and real-world use to its consumers. With its Visa partnership, users can instantly access a virtual debit card that allows them to spend their crypto at any store that accepts Visa and Mastercard. Users can also apply for a physical card, with premium members getting access to a metal card with special benefits.
The current crypto bear market has caused a lot of investor concern. Analysts now believe that the era of speculative hype is over, and utility plays like Digitap will be the best bet to wait out the current market conditions. This has caused Digitap to rise by over 150% even as most other coins experienced a drop, and is one of the reasons why analysts are calling Digitap the best crypto presale of the year.
Strong inflows fuel Digitap’s $2.1 million presale
A lot of investors seem to be moving funds away from major coins and into presale alt coins like Digitap. The presale has garnered a lot of interest, with over 120,000 wallets connecting to the site and more than 130 million tokens sold.
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Digitap’s presale price was recently increased to $0.0326, and it is expected that the price will rise to $0.0334 very soon. The launch price has also been confirmed at $0.14, which means that the token is currently discounted by over 76%.
While most investors believe that the bear market will continue, many of them are bullish on Digitap, believing it to be one of the top cryptos to buy for generating returns even in the bear market. Digitap’s current price also further sweetens the pot, and the smart money is moving in before the price increases.
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Website: https://digitap.app
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Disclaimer: This is a paid post and should not be treated as news/advice.
Source: https://ambcrypto.com/while-link-and-avax-lose-momentum-digitap-tap-is-surging-150/
