Solana Price Prediction: While SOL Targets a 3X, Analysts are Modeling a 300X for Digitap ($TAP)

Solana’s (SOL) token has outperformed most large-cap cryptos. Solana is up 7% over the past 90 days, which is impressive as this period includes the Oct. 10 market crash. By comparison, XRP is down 22% over the same time period, while Bitcoin is also down around 5.5%.

Investors are recognizing multiple catalysts ahead that would justify a 3x return over the coming years. While this is undoubtedly an impressive gain, especially for a large-cap crypto, it pales in comparison to what startup projects can offer.

For example, Digitap ($TAP), a fintech-meets-crypto project, is trading in the pennies. It is attracting a lot of attention, with predictions of 300x growth potential, driven by its real-world banking app and a massive addressable market.

Solana’s TVL Near $11B As ETFs And Treasuries Add Demand

Solana’s fundamentals remain robust, while demand from both crypto and non-crypto investors remains strong. According to DeFiLlama, the total value locked in DeFi stands at $11.1 billion. While this is down from a peak of around $13 billion in September, it is up considerably from less than $250 million in early 2023.

A new Solana ETF was approved in Hong Kong on Wednesday. The Hua Xia Solana ETF will list on Oct. 27, giving non-crypto Asian investors more convenient access to Solana.

Meanwhile, Forward Industries, the largest Solana treasury company, also announced on Wednesday the creation of a new Crypto Advisory Board to accelerate its purchases of Solana tokens to hold in its balance sheet. Similar to an ETF, a publicly traded treasury company gives traditional equity exposure to Solana’s price appreciation.

SOL Must Clear The Cloud And $250 To Reclaim Momentum

Currently trading at around $190, Solana’s chart is equally flashing bullish signs. After rebounding from support levels, Solana needs to clear another hurdle above the Ichimoku Cloud (a technical indicator represented as a cloud on a price chart) before it reclaims the $250 level.

Some analysts are predicting a $570 price target for SOL, which is reasonable over time. However, it would require continued adoption, strong investor demand for ETF purchases, and treasury companies continuing to purchase billions of dollars’ worth of SOL tokens and not selling them.

So far, these trends are working in Solana’s favor, and investors are hopeful a 3x gain could be on the table over the coming years.

Digitap’s App Turns Crypto Into Everyday Spend With Visa

While Solana is focused on its high-performance blockchain platform, Digitap, a new crypto upstart, is taking a different approach. Digitap is positioning itself as the world’s first “omni-bank,” an all-in-one fiat and crypto banking app. Users can manage both fiat and crypto side by side, including sending, receiving, saving, investing, and spending their money.

Users can even spend crypto in the real world with a Visa-backed payment card. No effort is required, as the platform automatically converts crypto to fiat at the time of purchase, enabling payments anywhere Visa is accepted. The Visa card also integrates with Apple Pay and Google Pay, allowing users to swipe or tap their phone to spend crypto worldwide.

This kind of real-world usability addresses one of crypto’s limited practical uses. Digitap essentially turns crypto (and fiat) into everyday spending power. This selling point is attracting a lot of attention as the investment narrative in the crypto industry continues to shift toward utility and away from speculation.

Digitap’s presale has been progressing ahead of expectations. Currently in its second round and priced at $0.0194, the project is approaching the $1 million raised milestone. The third round is scheduled for next week and will see the price rise to $0.0268 in the next phase.

Could $TAP Reach 300x? Users, Per-User Value, And TAM Math

Nasdaq-listed Coinbase, one of the largest crypto exchanges, has 120 million users with a market cap of $82.22 billion. The math implies the market roughly values each user at $680. A smaller fintech like Digitap wouldn’t command such a high multiple, so assuming the market requires a 50% discount, or a $340 market cap per user.

As a base-case scenario, Digitap could attract 35 million users in its first three years of operation. At $340 per user, Digitap’s market cap could be roughly $12 billion, implying a 300x gain from its current market cap of around $40 million.

There are approximately 1.4 billion adults worldwide who are unbanked or underbanked, and around 800 million who rely on remittances from friends and family to live their lives. Considering Digitap’s optional no-KYC sign-up process and sub-1% remittance fees, this alone represents a vast total addressable market ripe for disruption.

SOL’s 3x Looks Plausible; $TAP’s Upside Could Be Larger

Solana offers the appeal of a crypto giant that could deliver 3x returns over the coming years. Given its already large market size, expectations for it to deliver explosive returns are not realistic. In fact, the easy money has already been made, with Solana up more than 22,000% to date.

Digitap, on the other hand, offers exposure to a presale-stage project that blends fintech utility with crypto, targeting a market of billions of potential users. A 300x price target could be achieved if Digitap becomes a breakout fintech success and steadily grows its user base over the coming years.

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