As the Federal Reserve announced a new interest-rate cut, both the ETH price and the price of Ripple began to sink. Although prominent influencers like Don and Steph is Crypto believe that these top crypto coins could still go parabolic soon, a lot of people are worried. They are now turning their attention to Digitap ($TAP).
This token is now in the second phase of its crypto presale, which has been great so far. It raised over $1.3 million in record time while making early buyers 114% richer. Since Digitap also introduced a unique money app that combines crypto coins and traditional banking, it is becoming a fan-favorite among the unbanked people, too.
Many analysts even think $TAP could have more upside potential than Ethereum and Ripple. Let’s see why.
Ethereum Predicted To Reach $5,000, Technical Indicators Differ
Ethereum is one of the best cryptos, but it has been bleeding on the charts. CoinMarketCap shows that the ETH price saw a drop from around $4,200 to nearly $3,700 in the past week alone. This is just a continuation of its downtrend, which saw Ethereum fall over 15% on the 30D timeframe.
However, well-known influencer Don thinks this downtrend will soon see a reversal. According to his X post, the Ethereum crypto may experience a breakout from a falling wedge pattern soon. Don predicts the ETH price potentially soaring to $5,000 when this happens.
Nevertheless, TradingView does not support this Ethereum price prediction. Notably, both its MACD level and its momentum indicator are now dipping in the sell zone. As bearish pressure rises, the ETH price may see more drops soon.
Ripple Could See a Reversal? Things To Keep an Eye On
Ripple is another altcoin that has gone through some turbulence in terms of its value. On the one-week chart, the price of Ripple saw a drop from around $2.60 to nearly $2.40 as per CoinMarketCap. It is worth noting that in the past month alone, XRP’s value sank nearly 20% too.
But, many people still look at Ripple as one of the altcoins to buy now, thanks to a bullish statement from influencer Steph, who is Crypto. In a recent post, Steph is Crypto informed his X community that the price of Ripple could see a rally like it did after QE in 2020. He predicts the Ripple coin could be worth $10 if the QE resumes in 2025.
On the other hand, influencer Ali made a bearish Ripple price prediction. According to his X post, XRP is now showing signs of weakness. He believes the price of Ripple could retest the $2.25 level soon. With TradingView also showing both its momentum and bull bear power indicators in the red, it is clear that selling pressure is rising, which may lead to more price dips.
Digitap: Unbanked People View $TAP As the Best Crypto To Buy Now
Digitap is turning the most heads right now, and for a good reason. This crypto presale star has been making headlines by selling over 90 million $TAP tokens and soaring by 114%. Given that this ICO event is now in its second round, more growth is projected ahead. In fact, another 10% increase is expected to come for the $TAP coin price once the third presale phase starts.
Not only that, Digitap made waves by launching a one-of-a-kind “omnibank”. On this global money app, users can convert, spend, send, or receive 100 different crypto coins and fiat currencies like dollars on one account.
This could make Digitap a fan-favorite for unbanked individuals. With over 4.2% of all US households being unbanked in 2023, as per a FDIC report, it is clear that Digitap is positioning itself perfectly to become a haven for these individuals.
People are also looking at $TAP as the most promising crypto to buy now since it has already surged by 114%. It is worth only $0.0268, but this price is expected to reach $0.0297 after the third presale round begins. With a Tier-1 CEX also rumored to list $TAP soon, a massive price spike is projected as well. All these factors could make $TAP one of the top altcoins to buy this November.
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Digitap: Potentially Outshining ETH and XRP This November
Although some people are still looking at Ethereum and Ripple as promising altcoins to buy this month due to potential reversals, a lot of traders are more interested in Digitap. This could be because while both ETH and XRP dipped, the $TAP crypto presale managed to make early buyers 114% richer. Plus, its launch price is expected to reach $0.14 – a 422% increase from its current value.
While impressive, keep in mind that $TAP also boasts a smaller market cap than ETH and XRP, which means faster price gains with less new money. Because of this, more investors are looking at $TAP as the best crypto to buy this November.
Discover how Digitap is unifying cash and crypto by checking out their project here:
Presale: https://presale.digitap.app
Website: https://digitap.app
Social: https://linktr.ee/digitap.app
The post Can Ethereum and Ripple Still Go Parabolic? Digitap Could Be the Next Big Thing for the Unbanked appeared first on Blockonomi.