Digitap $TAP Presale Positioned as Safe Harbor as SUI and ETH Prices Slide
Crypto markets turned sharply bearish as SUI plunged below $1.5 (testing ~$1.3) and Ethereum slid beneath $2,800 amid high-volume selling. The article highlights the Digitap ($TAP) presale as a defensive buy for traders seeking utility-backed exposure during the downturn. Digitap bills itself as an "omnibank" bridging fiat and crypto with on/off-ramps, payments, card spending, staking, governance and burn mechanics tied to transaction volume. The $TAP presale uses time-based tiers (current price stated as 0.0326 USDT), has reportedly raised over $2 million with 130M+ tokens sold, and is marketed as offering staking rewards, cashback, discounted fees and deflationary supply pressure. Analysts quoted in the piece predict bullish post-launch targets ($1–$5) based on payments adoption and tokenomics. The article is a sponsored press release and not investment advice.
Bearish
The article reports meaningful downside pressure on major market-cap assets (SUI and ETH) with high-volume selling and breached support levels — a sign of sustained bearish sentiment in the short term. Promotional emphasis on a presale ($TAP) framed as a defensive, utility-backed alternative is unlikely to reverse broader market momentum; presales typically have limited immediate market liquidity and can be highly speculative despite utility claims. Historically, token presales marketed during broad market sell-offs have shown mixed short-term performance: some find buyers and rally post-launch if product adoption follows (positive long-term if real revenue accrues), while many see extended illiquidity and price weakness until market sentiment recovers. Therefore, expect short-term bearish pressure across altcoins and risk-on speculative products, while selective long-term bullish outcomes remain possible for utility projects that deliver adoption and revenue. Traders should watch spot liquidity, on-chain activity (transaction volume and burns for $TAP), presale unlock schedules, and macro catalysts (BTC direction, macro risk sentiment) to time entries. Risk management: size positions conservatively in presales during bear phases and prioritize projects with verifiable traction.