Ever since the October crash, $86,000 has been considered a major support level for Bitcoin. With the price finally falling below that mark this week, investors are in complete damage control. Despite a slight recovery, many are now looking to park their portfolios in safe assets that have been proven to maintain their value during bear markets.
One coin that could be at the forefront of all this is Digitap ($TAP). Digitap has already seen multiple price increases since the October crash, prompting investors to pile into its presale. With a Christmas promotion that offers mega bonuses to new investors, Digitap is being floated as one of the best altcoins to buy right now.
Bitcoin Falls Below Key Level – Investors Begin to Look Elsewhere
Bitcoin’s price fell below $86,000 for a brief period earlier this week. Despite a recovery, this has put many investors into panic mode. $86K has long been considered a major support level for Bitcoin, and many now believe that the price could fall much further.
Crypto analyst Ali Martinez had previously tweeted that $86,000 would be the key price to defend, and that Bitcoin could fall as low as $70,000 if that level is breached. This week, Bitcoin fell into the $84K range before bouncing back up. Many now believe that $84K is Bitcoin’s actual support level, and $70,000 could be next if the price fails to hold.
At a current price of around $88,000, Bitcoin is still below its moving averages. This indicates downward pressure on the price. However, it is important to note that this is still significantly above Bitcoin’s new support level, and there is a decent chance that buying pressure will rally at around the $85,000 mark.
Bitcoin’s price is expected to stay stagnant pending government data announcements. As such, many risk-averse investors have already begun to look for alternatives.
Small-cap crypto presales have become an investor favourite during the last few weeks. Investors are now looking at utility tokens that provide fundamental value to their holders. This has caused some crypto presales to surge, including Digitap’s.
Investors Tout Digitap as the Best Crypto Presale for the Bear Market
Digitap has quickly emerged as one of the top cryptos to buy for the bear market. The main reason behind it is its multi-channel payment rail. With Digitap, users can send crypto to any wallet or fiat bank account in the world, faster and cheaper than a wire transfer.
Digitap aims to be the world’s first omnibank, offering a truly borderless banking experience. Users of the app (which is already live) have access to a multi-chain wallet, an offshore bank account, and a Visa card. Fiat payments convert crypto instantly, and there is a transparent fee structure, so users know exactly how much they are paying.
Since Digitap is a bank and generates revenue regardless of overall market conditions, it is considered a hedge against broader market sentiments. Investor interest since the October crash has been increasing, with the presale generating over $2.6 million in the process.
Digitap also takes additional measures to protect against selling pressures. Digitap’s total supply is capped at 2 billion tokens, ensuring no devaluation for holders. Additionally, the development team uses 50% of the profits from the platform to buy and burn $TAP. This constantly diminishes supply and generates buying pressure for $TAP.
Investors Clamor to Acquire Digitap as Christmas Offer Begins
Despite already being considered as one of the best altcoins to buy for the bear market, Digitap recently launched its ‘12 Days of Christmas’ offer. Users will have access to a total of 24 special offers over the course of 12 days. Each offer will be available for 12 hours, with the best offers only being available to the first few who manage to claim them.
OVER $300K IN BONUSES, PRIZES, GIVEAWAYS. DIGITAP CHRISTMAS SALE IS LIVE
Digitap’s crypto presale has gone from strength to strength, seeing three price increases since the October crash. Currently, Digitap tokens are available for $0.0383, and the price is expected to rise within the next few days. Considering Digitap’s expected launch price is $0.14, purchasing Digitap now means there is a ~280% buffer for investors.
With offers available for both new and existing Digitap holders, many are checking the crypto presale twice a day to claim as many bonuses as they can. Rewards range from free $TAP to Premium and Pro Digitap accounts. Round 3 is over 50% complete, which means the opportunity to invest at the current price is closing soon.
Discover how Digitap is unifying cash and crypto by checking out their project here:
