During the recent market-wide liquidation, which wiped out $19 billion in leveraged positions, SUI was among the cryptos hit hardest. As the market bled, the SUI price plunged over 40% within 24 hours and closed 22% below the opening price.
While some altcoins have started to recover, SUI continues to make lower highs. Trading in a downward trend, the SUI price has declined 7% so far this week.
Meanwhile, Digitap (TAP) is thriving in round two of its ongoing presale with more than $1,000,000 raised. Time to find out what’s fueling the Digitap presale demand and why it is unbothered by the current market volatility.
Seven Consecutive Days of Falling Crypto Markets
In early October, market sentiment was extremely bullish. According to CoinGecko data, the total crypto market cap reached an all-time high of $4.37 trillion on October 7th. With this bullish environment, investors were speculating that the altcoin season was about to begin.
However, the flash crash on October 10th reminded markets of the massive volatility that can arise in crypto prices due to macroeconomic events. Top crypto assets, including Bitcoin and Ethereum, have been demonstrating strength by consolidating above key support levels, but investors remain cautious.
As of October 23rd, the broader crypto market has fallen for seven straight days. Uncertainty is rising amid this market downturn, and investors’ optimism continues to fade.
In contrast, rising projects such as Digitap are creating their own trends rather than following the broader market direction. Due to volatility in established assets, seasoned investors are starting to rotate capital towards these emerging projects.
SUI Down 7% This Week As Technical Uncertainty Rises
Over the past six months, the SUI price has traded in a sideways range between $3.5 and $4.1. It is down 31% this month and is currently trading at $2.48.
Following the sudden crash during the deleveraging event, the SUI price has been stuck in a falling wedge pattern. Despite the looming bearish pressure, the asset has held above the immediate support level near $2.36.
Technical oscillators give contradicting signals. The MACD oscillator has dropped significantly below the zero line, indicating the downward pressure on the SUI price. Meanwhile, the RSI is at 36 and is showing bullish divergence, hinting at a potential trend reversal.
However, after such a crash, SUI requires a strong catalyst to establish a new uptrend. A break above the wedge consolidation pattern could catalyze this with renewed bullish pressure. With sufficient volume, a move higher would validate the SUI price prediction of a new ATH in 2025.
Digitap: The Omni-Bank Reimagining Crypto and Fiat Payments
The path to global crypto adoption is not ditching traditional finance and abruptly adopting digital currencies. It requires merging DeFi with existing financial infrastructure. Digitap is doing exactly that with its banking app, which merges the fiat and cryptocurrency worlds into a single, seamless interface.
Unlike other emerging crypto projects that seek funding before even developing a minimum viable product, Digitap is already in development and functional for users worldwide. Users can pay and receive payments globally in fiat and crypto, and even transfer assets instantly to other users or external accounts.
It also enables users to open personal or business offshore bank accounts to streamline their financial needs. The best part is that the app has a no-KYC policy, so registration doesn’t require personal details.
The Digitap Card: Unlock Seamless, Instant Global Transactions
Digitap also offers virtual and physical cards for everyday spending. With the Digitap card, anyone can spend their crypto like cash anywhere in the world. The card is co-branded with Visa, meaning it is globally accepted for online and in-store payments.
Users can order a physical card with their own custom design from the official website and use it to withdraw cash from ATMs. For users who use tap-to-pay, the card comes fully integrated with Apple Pay and Google Pay.
With this physical product available to experience firsthand, Digitap sets itself apart from other crypto projects, where investors must take on the risk and rely on concepts and promises.
Digitap Presale Passes $1 Million Milestone
Digitap is launching its altcoin, $TAP, which is currently available at a discounted price of $0.0194 in the presale today. The token exists at the core of the platform’s ecosystem, designed for real-world utility and sustainability.
To ensure predictable long-term growth, the total supply of $TAP has been fixed at 2 billion tokens. Additionally, burn mechanisms have been integrated across transactions, ecosystem fees, and special events to periodically remove tokens from circulation, creating scarcity.
$TAP will be the native currency of the Digitap ecosystem, used to pay fees, settle transactions, and make direct spending through the Digitap card.
SUI vs TAP: Which Is The Best Crypto To Buy Now?
The SUI price downturn indicates that investors are bearish on established Layer-1 projects and are shifting to rising projects that are generating demand. While SUI has a massive $9 billion market cap, $TAP is in the presale phase and, with its functional product available for investors to use, continues to gain investor confidence.
The Digitap presale offers investors an opportunity to lock in at lower prices and earn significant returns as the presale progresses. The next round is arriving in less than 5 days, providing round 2 investors a head start with a 38% price hike to $0.0268 per token.
Presale investors can also amplify their returns by staking $TAP tokens during presale, which will earn them 124% APR while they wait for token listing.
Discover how Digitap is unifying cash and crypto by checking out their project here:
