Investor rotation out of Bitcoin (BTC) is accelerating as the world’s largest cryptocurrency continues to trend lower. For days, Bitcoin had shown strength at the $100,000 level, but on Friday, it was trading closer to $90,000 than $100,000.
Bitcoin’s decline is being reflected in Bitcoin ETFs. Data from SoSoValue shows a daily net outflow of nearly $870 million on November 14. On-chain data indicate that one of the possible beneficiaries is Digitap ($TAP), an online crypto presale “omni-bank” that blends traditional banking with blockchain technology.
As Bitcoin’s slump shows no signs of slowing down, Digitap also appears to be an attractive crypto to buy now, as its presale serves as a hedge against the prevailing red tide in the crypto market.
Source: Digitap
Digitap’s Utility Puts It On Altcoin To Buy Lists
Digitap is the world’s first “omni-bank,” meaning that multiple fiat currencies coexist alongside more than 100 cryptocurrencies. Users can send, receive, save, invest, swap, and spend both fiat and crypto in one app. Crucially, the Digitap app is linked to a Visa card, allowing users to spend their crypto anywhere Visa cards are accepted.
This real-world integration is a key reason why risk-tolerant investors are selling Bitcoin ETFs and flocking to Digitap. The convenience of spending crypto as easily as fiat, by swiping a card or using Apple Pay/Google Pay, significantly lowers the barrier for everyday crypto use.
Digitap’s infrastructure uses AI technology to perform instant crypto-to-fiat conversions at the time of sale. This means a user can walk into a shop and pay with Bitcoin while the merchant receives fiat through the familiar Visa network.
Source: Digitap
3 Reasons Digitap’s Smart Routing Cuts Cross-Border Costs
Another compelling aspect of Digitap’s banking product is its remittance and payments model. Cross-border money transfers typically cost around 6.2% through legacy institutions like Western Union. However, Digitap’s bank app can route transactions through legacy networks, such as SWIFT, or blockchain rails to move money more efficiently and quickly.
Peer-to-peer transactions on Digitap can, in many cases, cost users less than 1%. The five percentage points of savings is real money in the recipient’s pocket. Digitap is proving how a modern bank can bring efficiencies and savings in the $1 trillion-plus global remittance market.
This kind of tangible utility is drawing a lot of interest from investors who see Digitap as the top crypto to buy now within the new “PayFi” sector.
Why Rising Stages Hedge Downside In A Weak Market
Digitap’s presale of its native $TAP event has picked up momentum since Bitcoin looked poised to crack below $100,000. This is because the crypto presale is structured in stages where the price of the token rises after each round.
Round one priced $TAP at $0.0125, and it is now for sale at $0.0313, resulting in an early investor paper profit gain of more than 150%. The next round is scheduled for Friday, Nov. 21, and will see the token rise to $0.0326. The Digitap team recently announced its expected exchange listing price of $0.14, meaning it isn’t too late for investors to pick up Digitap’s token at a steep discount.
Digitap is approaching the $2 million raised milestone, having achieved it in around half the time it took to raise the first $1 million. Part of the reason is that the scheduled price increase offers a safe haven from crypto’s selling pressure. Since the price of Digitap will increase after each round, Bitcoin investors are enjoying watching their holdings increase in value.
Aside from a near-term hedge, Digitap is one of the top altcoins to buy because its token’s price is tied to the platform’s success. Half of the platform’s profits will be allocated toward buying back and burning $TAP tokens.
This could amount to millions of dollars, with some successful platforms spending hundreds of millions of dollars. For example, Hyperliquid has repurchased more than $640 million worth of its native HYPE token.
As Digitap’s platform scales and expands over the years, its token supply will also decrease, creating incremental investor value.
Source: Digitap
ETF Outflows Spike As $100K Support Wobbles For Bitcoin
Bitcoin’s price is now deep in bear territory, and its weakness is impacting Bitcoin ETFs. Thursday’s trading action saw ETFs register $869 million in net outflows, marking what is now the third-largest single-day withdrawal on record, with Friday holding the second-worst day.
The largest outflows were recorded in late February when Bitcoin ETFs collectively saw $1.14 billion in outflows.
The current selling pressure is a result of a combination of long-term holder selling and the uncertain macroeconomic environment. Expectations for the Federal Reserve to cut rates in December have fallen from nearly 100% a few weeks ago to around 50% today. A rate cut is considered a major catalyst for risk-on assets, especially Bitcoin.
Source: SoSoValue
Why Digitap Looks Built For Upside Beyond This Drawdown
The data is clear. Bitcoin ETF investors are either panicking and selling before Bitcoin starts to test the $90,000 level, or they are early investors cashing in on a still-profitable trade. Either way, the money isn’t sitting on the sidelines and is finding its way to the crypto presale project Digitap.
Digitap’s live product, Visa card integration, and deflationary model make it both an attractive near-term escape from the selling carnage and a top crypto to buy now and hold for years. Indeed, many Bitcoin investors see Digitap as a transformative play, one that could ride the wave of utility-driven crypto adoption and generate outsized returns.
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
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