Binance Coin (BNB), the native token of the Binance crypto exchange, has shown nearly uninterrupted upward movement since May. The native token of the Binance crypto exchange soared from around $500 to peak at $1,369.99 on Oct. 13. However, reality may have hit, and the token is now trading just above the key $1,000 support level.
Meanwhile, Ripple (XRP) is showing signs of stabilizing, and recent whale activity is flashing encouraging signs. Although XRP is not out of the woods yet, investors should consider presale tokens as a way to hedge against market volatility, given their carefully planned price increases based on supply and demand.
One token catching investor attention is Digitap ($TAP), a relatively new name in the crypto banking space that offers a unique proposition.
Source: Digitap
BNB Tests $1,000 Support — How To Read This Level Now
Binance Coin performed well in the aftermath of the Oct. 10 market crash. While most tokens suffered massive losses, Binance Coin not only recovered all losses but also hit a new all-time high. The euphoria was short-lived, although not all is negative, as the token is trading above the key support level of around $1,000.
Strong support above $1,000 indicates that investors are happy to jump in at these levels. Its ability to command a four-digit price tag is based on the fact that BNB carries inherent demand from exchange users (for trading fee discounts, staking in BNB Chain), which makes it a desirable token to hold.
It is also used as a DeFi ecosystem token, meaning it boasts a decisive dual role that users require and investors want exposure to. As such, the $1,000 support level can be seen as a lifeline for BNB, maintaining investor confidence that the coin can weather any shocks.
XRP Reclaims $2.50 As Whale Buys Return — What’s Next
XRP holders faced a series of disappointments in recent weeks. Most notably, on-chain data showed whales were selling billions of dollars’ worth of tokens.
The recent $1 billion acquisition of GTreasury, a treasury management system software and solutions company, has some questioning whether this is a subtle admission that it needs to explore new avenues for revenue generation outside its core payments and transfer business.
The negative sentiment is taking a turn, and investors are eyeing more encouraging recent data. On Oct. 21, it was reported that whales have accumulated 30 million XRP tokens over the last 24 hours.
While never an exact science, large whale buying is indicative of one fact: someone with bottomless pockets is convinced something is brewing. Investors are taking notice, with XRP trading in positive territory following the whale purchase.
The token has now reclaimed the $2.50 level, which is encouraging, as it could imply investors didn’t fully understand the GTreasury acquisition and the benefits it can bring.
Digitap’s Omni-Bank Lets Users Hold, Swap, And Spend
Digitap is a rising DeFi project to redefine what crypto banking should look like. While XRP is on a mission to improve interbank settlements, Digitap created a direct-to-consumer crypto and fiat banking platform, known as an “omni-bank.”
This means users can invest, save, transfer, send, receive, and spend money globally, using either crypto or fiat (or both) from the same account.
Some of the other key features include in-app conversion between assets and support for both customizable physical and virtual Visa cards linked to the account. In other words, a user can store U.S. dollars and spend their Bitcoin via the Digitap Visa card, which converts the purchase amount at the time of sale.
Source: Digitap
The convenience and speed of these features effectively merge the benefits of crypto (borderless, 24/7/365) with the familiarity of traditional banking (Visa card, multiple currencies, money transfers).
Presale Momentum Builds As Live App Attracts New Buyers
Digitap isn’t just a concept; its platform is already live and fully operational. Currently in its presale round with the token priced at $0.0194, Digitap has already attracted over $900,000 in investments, making it one of the best ICO presales based on recent performance. The second round is roughly 50% sold out, meaning a price increase to $0.00268 is imminent.
While these are impressive numbers worthy of investor attention, many are missing the bigger picture. Digitap’s technology and approach set it apart from typical DeFi protocols and banking apps. It emphasizes privacy and accessibility, as accounts are opened with minimal friction, and there is an optional no-KYC sign-up process.
Digitap also uses artificial intelligence in its routing system to select the fastest and cheapest payment rails for a given transaction. By focusing on real-world payment needs and user experience, Digitap is also blurring the line between a bank and a DeFi app.
BNB Holds Firm; XRP Stabilizes; $TAP Draws Fresh Eyes
While BNB’s token looks strong above the $1,000 support level and XRP is finally ready to put up a fight to reclaim the $3 level, Digitap is capturing the crypto community’s attention. Digitap’s blend of banking tech and crypto delivers what XRP and even traditional banks promise, making it one of the few crypto presales with real utility.
As crypto markets evolve, all eyes are increasingly focused on the “next big thing.” If Digitap fulfills its vision, it could truly redefine the crypto banking space and become a centerpiece of the next market cycle.
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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