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Bitcoin’s (BTC) technical indicators point to a move higher after a market-wide selloff punished the world’s largest crypto back to the mid-$80,000 range. The Bitcoin Bollinger BandWidth has fallen to historic lows, flashing a historical buy signal that played out nearly perfectly in late 2023.
But, even with Bitcoin poised for a breakout, Digitap ($TAP), a crypto presale fintech project, offers an even more compelling opportunity given its smaller size and large total addressable market. Digitap is the name behind the world’s first live “omni-bank,” and its real-life use case and ground-level valuation make it the better crypto to buy now.
The Bollinger Bands are a popular technical analysis tool that measures price volatility. The narrowing (low BandWidth) of the bands typically suggests a big move is imminent. Notable macro strategist Gert van Lagen stated that whenever Bitcoin’s monthly Bollinger BandWidth falls below around 100 on his metric, a “direct parabolic leg up” is likely to follow.
This bullish setup is taking place now and mirrors a late 2023 pattern that ushered in a major move higher in BTC. Importantly, during the recent market dip, there was no other technical analysis metric that invalidated an eventual bullish setup.
If history repeats itself, Bitcoin could be gearing up for a rapid climb, potentially regaining the $100,000 level within a few weeks.
What makes this current setup meaningful is that it’s occurring at a higher base. Unlike past gains, which formed at much lower price levels, the current rally can be traced to the mid-$80,000 level. This was a zone that previously acted as a strong resistance level.
A breakout from this level, supported by compressed Bollinger Bands, could confirm a new bullish leg. Bitcoin could regain confidence and re-emerge as one of the best cryptos to buy based on technical analysis factors.
Of course, the rally also has fundamental drivers. BlackRock CEO Larry Fink recently stated this week at The New York Times DealBook Summit that several sovereign wealth funds were actively accumulating Bitcoin at key price levels, even in the $80,000s.
These fund managers are often labeled the smartest of smart money because they collectively manage trillions of dollars on behalf of governments. If they deem Bitcoin an attractive buy at depressed levels, it signals to the market Bitcoin’s expanding role as a sought-after asset class.
Digitap’s live banking app lets users send, receive, store, save, invest, and spend both fiat and crypto on the same platform. The recent addition of Visa’s globally recognized and trusted brand to Digitap’s debit card now lets users spend money—even crypto—linked to their Digitap account.
Unlike traditional banks, Digitap offers an optional no-KYC sign-up option, and this feature extends way beyond the privacy-conscious user base. There are over 1 billion adults worldwide without access to banking services or with limited banking services. Digitap is providing an opportunity for potentially hundreds of millions of unbanked users to join the global financial community.
The platform is also gaining recognition for its ability to provide real-world benefits to an entirely different group. According to some estimates, one out of nine people worldwide rely on remittances to survive. But the remittance industry is known to take advantage of this and charges an average of 6.2% on all cross-border transfers.
Digitap stands out as an altcoin to buy with its AI-powered software that could cut these fees to sub-1%. These five percentage points of cost savings matter to people living in or near poverty levels.
On average, a foreign worker sends back home between $200 and $300 every month. This means Digitap could offer up to $180 in annual savings to the portion of the population that need this money the most.
Digitap’s crypto presale of its native $TAP has been running hot since it kicked off in late summer. While large-cap coins were heavily sold by investors, Digitap’s presale has been a powerhouse with more than $2 million raised.
The presale is structured in stages with the price of $TAP inching higher after the completion of each round. The first round saw $TAP for sale at $0.0125 and it has gradually risen to $0.0361. Early backers are sitting on a paper profit of around 190% with more gains expected to be seen.
Digitap’s team recently confirmed its token will graduate from presale status and move to public exchanges. While a date has yet to be confirmed, the team has set an expected listing price of $0.14.
Digitap’s status as a desirable altcoin to buy is based on more than just its real-world utility. With a fixed token supply of 2 billion $TAP, the project will invest 50% of the platform’s profit in buyback-and-burn initiatives and funding stakers. This means as the project expands over the coming months and years, each money transfer or swipe of the Visa card means the token supply ever so slightly shrinks.
If Digitap scales to become a household name, the rate of deflation could expand exponentially.
Bitcoin may be on the verge of a run higher, but many wonder if the current catalysts are enough to lift it back to all-time highs. Bitcoin has a long way ahead to recapture its highs of around $126,000.
In that context, Digitap is the better crypto to buy because its growth potential is tied to real-world adoption, not just market speculation and the actions of sovereign wealth managers.
Digitap is still in its crypto presale, offering investors a ground-floor entry into a fintech ecosystem. However, this shouldn’t deter investors as Digitap’s bank app is already functional, generating user interest worldwide, and provides real utility and savings.
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.
