Many major cryptocurrencies are finally back in green this week, but investors are not exactly rejoicing. While Ethereum managed to cross the $3,000 mark again, the outlook for Ethereum is stable rather than bullish as investors wait for catalysts from major central banks.
Some impatient investors have switched to Digitap ($TAP). With its partnership with Visa, Digitap has emerged as one of the top altcoins to buy for exposure to the crypto payments space. Investors have been piling in, helping the coin raise over $2.2 million.
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Ethereum Comfortable at $3000 Until Fed Decisions
Along with Bitcoin, Ethereum rose by around 15% over the last three days, finally crossing the $3,000 mark earlier in the week. However, many investors are attributing this rise to the asset being oversold after the Bank of Japan’s governor hinted at an interest rate hike on Monday.
Technical factors certainly point to the same conclusion. The Relative Strength Index (RSI) of ETH is currently at 52, meaning that the coin is currently neither overbought nor oversold. The RSI was around the 5 level mark on Monday, indicating that Ethereum had gone through a period of extreme selling pressure.
The consensus around most major coins seems to be that investors should not buy but hold what is already owned. This is because both the US and the Japanese Central banks will be making key decisions in December. If interest rates end up falling, it could be extremely bullish for crypto (and vice versa).
Ethereum’s next support levels are at $3250 and $3310. It is possible that Ethereum may begin to test these levels towards the end of the week. However, investors are not expecting a meaningful breakthrough until a favorable decision from the FED is announced. The US FED’s next meeting is planned for December 10th, while the Bank of Japan plans to meet on December 19th.
Digitap’s Presale Takes Centre Stage Through Its Visa Partnership
Many enterprising investors have decided not to wait for the FED meetings. Instead, the focus has shifted to crypto presales due to the higher potential returns. As presales are smaller coins that are only entering the market, it is possible to end up unlocking a lot more value compared to established coins.
Digitap has emerged as one of the top cryptos to buy during this period. A key reason for this has been its partnership with Visa. With Digitap’s crypto card, users can access over 150 million retailers worldwide. Here are some of the key features of the Digitap card:
- Users can spend crypto like cash anywhere around the globe.
- Digitap’s Visa card is fully integrated with Google and Apple Pay, allowing owners to pay via phone tap.
- No KYC protocols allow users to set up a card within 5 minutes.
- The Digitap card currently supports over 100 tokens and over 20 fiat currencies.
- Every card is linked to an offshore bank account. This account can be used to make payments across IBAN and SWIFT networks.
- One unified balance allows users to avoid swapping currencies before using the card.
Digitap Gains Momentum After Ethereum Whales Pivot
While waiting for major catalysts, many Ethereum investors have made the switch to Digitap, believing it can generate higher returns in the long term. Digitap’s total focus on utility and enabling global payments means that Digitap’s target market is boundless. As such, some investors believe Digitap is the best altcoin to buy before its price shoots up.
Digitap was one of the few tokens that saw its price increase during the October crash. One Digitap token is currently worth $0.0334. However, the price is expected to increase in the next couple of days as stage 2 of the crypto presale ends. The launch price of the token has also been confirmed at $0.14.
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After its massive Black Friday sale that offered over $1 million in rewards, Digitap has gained momentum, and the inflows seem to have increased. So far, the crypto presale has generated over $2.2 million. It is expected that inflows will only grow as the coin’s price could increase at any moment.
Discover the future of crypto cards with Digitap by checking out their live Visa card project here:
Presale https://presale.digitap.app
Website: https://digitap.app
Social: https://linktr.ee/digitap.app
Win $250K: https://gleam.io/bfpzx/digitap-250000-giveaway
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