More than $100 billion in value has been wiped from the crypto market in recent days, triggering widespread liquidations and investor uncertainty. As top 10 crypto coins like Binance Coin and Solana lose momentum, some traders are adjusting their exposure to top-performing coins like Digitap ($TAP).
Digitap is the best ICO in the market, selling 20 million coins. Its practical use case in transforming cross-border payments and early-stage growth potential have been a major attraction for investors who want to 10x their portfolio.
Binance Coin, one of the top 10 altcoins, has not been spared from the recent downturn in the crypto market. The Binance Coin price has plummeted by 4.5% on the 7D chart, falling below the $950 mark. This correction shows a gradual loss of momentum since peaking above $1,000.
The quick selloff after a sustained rally suggests profit-taking by Binance Coin holders. The Binance Coin could also have been affected by external macro pressure, likely linked to Bitcoin's pullback.
Going ahead, technical indicators point towards more Binance Coin price decline. The RSI has fallen from the overbought zone and now sits around 50.93. This move confirms momentum is cooling and offers room for further downside. If bears continue control, BNB may head toward $900 or lower support levels.
Meanwhile, BATMAN believes the ongoing correction is a good buying opportunity. He expects the DeFi coin to soar to $1,080. On the other hand, Altcoin Daily has explained that the Binance Coin price rally has yet to begin.
The Solana price has dropped below the $200 mark, reflecting a sharp 7-day decline of 21.6%, per CoinMarketCap. This steep decline follows a failed attempt to hold above the $250 resistance zone earlier in the week.
Currently, Solana is approaching a critical psychological level of $190. A break below this could push it toward the $180–$170 zone, while any reversal would need to reclaim $210 first, then $230 to confirm a shift in momentum.
Presently, technical indicators are bearish. The RSI is at 36.39, which is in the bearish region and is approaching the oversold region. This indicator signals that bears are in control. Nevertheless, there could be a temporary recovery if the RSI falls below 30 to the oversold region.
Looking forward, Nite, an algorithmic trader, believes the Solana price could plummet to $155. Another analyst, DonaXbt, said the Solana token could drop to $173-$175 based on the current downtrend. However, an increase in buying pressure could overturn the tides, pushing the price of Solana up the charts.
Digitap ($TAP) is one of the promising platforms in the digital finance space. With its all-in-one app and card, the world's first omni-bank offers users seamless crypto-to-fiat conversions, staking options, and global payment capabilities without intermediaries.
It has an Android and iOS app that supports over 100 cryptocurrencies and can be integrated with traditional financial tools, making it an attractive option for users who want real utility.
The app also features a dashboard where users can view, track, and manage their transactions. Meanwhile, Digitap's standout feature is the staking reward of up to 124% APR, which could be a good option for those seeking passive income.
Furthermore, users also benefit from no-KYC onboarding, cross-border capabilities, and fast settlements to banks and wallets, helping bridge the gap for unbanked populations worldwide. Presently, Digitap's presale is ongoing. The $TAP coin is currently priced at $0.0125.
Analysts suggest the token could follow the trajectory of Binance Coin, which rose from $0.10 to over $1,000, especially given its $25 million low market cap and utility. These features position $TAP for huge demand and price growth, making it one of the top cryptos to buy now before public listing.
While large-cap tokens like Binance Coin and Solana are experiencing volatility, a few utility-driven coins, such as Digitap, are in the green region with potential for further gains.
Investors looking for the next best cryptocurrency to buy are increasingly turning to $TAP with its potential to disrupt multiple trillion-dollar industries.
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
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.