WLFI perpetual contracts are converted to regular contracts on Hyperliquid, supporting up to 5x leverage.

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The post Why Digitap ($TAP) is the Best Crypto Presale December Follow-Up appeared on BitcoinEthereumNews.com. Crypto Projects Hyperliquid’s HYPE has seen another disappointing week. The token struggled to hold the $30-$32 price range after 9.9M tokens were unlocked and added to the circulating supply. Many traders are now watching whether HYPE will reclaim the $35 area as support or break down further towards the high $20s. Unlike Hyperliquid, whose trading volume is shrinking, Digitap ($TAP), a rising crypto presale project, has already raised over $2 million in just weeks. This is all thanks to its live omnibank app that combines crypto and fiat tools in a single, seamless account. While popular altcoins stall, whales are channeling capital into early-stage opportunities. This shift is shaping discussions on the best altcoins to buy now in the current market dynamics. Hyperliquid Spot Trades Clustered Between the Low and Mid $30s HYPE price closed the week with an 11% loss. This is because a significant portion of its spot trades are clustered between the low and mid $30s. This leaves the token with a multi-billion-dollar fully diluted valuation on its daily trading volume. Source: CoinMarketCap Moreover, HYPE’s daily RSI is still stuck above $40s, while the short-term averages are continually dropping. This shows an indecisiveness, where the bears and the bulls don’t have clear control of the market. Additionally, roughly 2.6% of the circulating supply is in circulation. After unlocking 9.9M tokens, the Hyperliquid team spent over $600 million on buybacks. This amount often buys only a few million tokens a day. That steady demand is quite small compared to the 9.9 million tokens that were released. This has left the HYPE market with an oversupply. Many HYPE holders are now rotating capital into crypto presale projects, like Digitap, that offer immediate upside. HYPE Market Sentiments Shows Mixed Signals Traders are now projecting mixed sentiments for the token. Some…