ETH ETFs experience net outflows again this week, but smart investors appear unfazed. Defying broader bearish sentiment, the Avalanche price is in an uptrend. At the same time, Digitap ($TAP), the world’s first omni-bank with near-zero transfer fees, is on investors’ radars. Dubbed the next 100x gem, it is arguably the best new crypto to invest in this year.
ETH ETFs Net Outflows – Will the Ethereum Price Dip Further?
ETH ETFs experienced significant net outflows this week, between September 22nd and 23rd. The outflow was $76 million on Monday and exceeded $140 million on Tuesday, led by Fidelity’s FETH.
The declining interest in ETH ETFs has unsurprisingly had an impact on the Ethereum price. Currently, the altcoin hovers around $4,100 following an 8% dip over the past seven days.
Rising selling pressure could push the Layer-1 coin below the $4,000 mark, potentially retesting lower price levels. However, inflows into ETH ETFs in the coming days could push the altcoin price upward. Ardi, a top analyst, targets a jump above $6,380 this cycle.
Why is the Avalanche Price Up?
The Avalanche price is in an uptrend, defying the broader market decline. On its weekly chart, the Layer-1 coin is up by more than 10%, trading around the $33 mark. And why is the price up?
Grayscale officially filed to convert its existing Avalanche Trust into a spot ETF, sparking a significant uptrend in the Avalanche price. If approved, this exchange-based fund will give investors direct exposure to AVAX through traditional financial platforms, joining ETH ETFs on Wall Street.
Stronger volume could push the Avalanche price above the $50 mark in the coming days. Also, a breakout above its 2021 all-time high of $146 cannot be ruled out, especially during the market’s next big leap.
Digitap ($TAP): How High Can it Go Post-Launch? Experts Target 100X Gain
Digitap ($TAP) is on the list of the best cryptocurrencies to invest in now due to its significant growth prospects and real-world applications. Compared to top altcoins like ETH and AVAX with substantial market caps, $TAP has a smaller market cap as an emerging cryptocurrency. Additionally, its blend of DeFi and TradFi paints a bullish picture.
While the presale recently launched, over $180,000 has been quickly raised in early funding, highlighting staggering investor interest and demand. At the same time, it is heavily discounted and undervalued at $0.0125. Ahead of the scheduled price increase to $0.0159 in the second round, FOMO has been rising.
Considering its massive growth prospects as a low-cap gem, it is among the crypto presales with 100x potential. Also contributing to the rising demand is its innovative combination of the reliability of traditional banks with the flexibility of cryptocurrency. As the world’s first omni-bank, it puts the world’s money in users’ pockets via a single platform.
For Info about $TAP, visit Digitap.app Presale or Join the Community
ETH ETF Tanks, But AVAX and Digitap Skyrocket
While ETH ETFs witness net outflows, the Avalanche price is in an uptrend, and the Digitap presale has been selling out fast. AVAX is on track to flip $50, and analysts have hailed $TAP as the next 100x DeFi gem. Given the latter’s significant growth prospects as a new low-cap and DeFi-TradFi coin, it could be this year’s biggest gainer.
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Presale: https://presale.digitap.app
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