Is the Ethereum price still in the red? The bears appear to be having a field day, growing stronger and bolder each passing day. However, experts believe reclaiming $4,700 could drive the price to new highs. Meanwhile, investors seeking uptrends and higher gains are betting on the Shiba Inu coin and Digitap ($TAP).
SHIB, championing the ERC-20 meme narrative, is considered one of the best cryptocurrencies to invest in due to its memetic appeal and upside potential. For $TAP, it stands at the intersection of decentralized finance and traditional banking, offering users a taste of both worlds—the flexibility of crypto and the familiarity of conventional banking.
Ethereum Price Prediction: Can Reclaiming $4,700 Usher in New Highs?
The Ethereum price broke above $4,100 on October 21—the bulls could only hold this position briefly. The uncertainty around trade wars between the US and China pushed the leading altcoin below the $4,000 mark—once again.
However, like always, the bulls are not giving up on a rebound. The Ethereum price breaking out above $4,000 with strong volume could, perhaps, signal the start of a reversal. Next, revisiting its monthly high of $4,700 may push it above $4,953, its all-time high.
However, Wealthmanager, after highlighting the heavy rejection at $4,100, sees the Ethereum price retesting $3,600 to $3,700 if the $3,850 support fails to hold. However, strong inflows into ETH ETFs, plus a rate cut in the coming days and, most importantly, a tariff agreement between China and the US, may be the catalyst for a new high.
Is Loading Up on the Shiba Inu Coin Dip a Smart Move?
Savvy investors are doubling down on the Shiba Inu coin, despite the dip—it could be a smart move in hindsight. The dog-themed cryptocurrency slid 6% on its weekly chart to $0.000010, a new support.
According to CoinMarketCap, the Shiba Inu coin price has declined by 50% year-to-date. On its 90-day chart, it has slid by 25%. While this is disconcerting, on the bright side, the bottom might be in and is primed for a reversal.
Shango, believing SHIB has bottomed out, predicts a rally towards $0.00001130. Reclaiming this higher support level could drive the price higher. And with volume rising—daily trading volume surged by 30% to $208 million—the Shiba Inu coin is on track to regain lost price levels.
Digitap: How High Can Price Go After Defying Broader Bearish Trends?
Digitap, trading upwards despite the overall market bloodbath, has captured investors’ attention. This emerging DeFi-TradFi coin surged by 55% from $0.0125 to $0.0194, outperforming the market. Given its disruption of the cross-border payments market and imminent mainstream adoption, experts have dubbed it the best new crypto to buy.
Currently in the second presale stage and selling out quickly (over $900,000 has been raised in early funding), investors have been accumulating at $0.0194. The expected 38% rally to $0.0268 in the third ICO round positions it as the best crypto to invest in today for the short term. Meanwhile, a staggering 30x gain is projected post-launch, making it a must-have.
In addition to its upside potential driving interest, Digitap’s innovative payment solution further drives demand. As the world’s first omni-bank, instead of juggling between multiple accounts, wallets, and apps for asset management, it has one balance for all assets.
Additionally, its near-zero fees and no-KYC feature are driving interest for its global money app, which recently went live on the App Store.
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Demand for SHIB and $TAP Skyrockets as ETH Stumbles
Following the recent downturn in the Ethereum price, demand for the Shiba Inu coin and $TAP is growing. SHIB, believed to have bottomed out, has significant growth prospects from the current level.
Meanwhile, Digitap is considered this year’s best cryptocurrency investment for leading the PayFi revolution. Combining DeFi and TradFi, with plenty of room to run as a new low-cap coin, it is a must-have.
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Disclaimer: This is a paid post and should not be treated as news/advice.