The crypto bull run took a pause with a sudden sell-off across the crypto market. According to data from Coinglass on Sept. 22, a wave of liquidations shook through exchanges, wiping out an estimated $1.7 billion in positions in less than 24 hours.
Overleveraged traders and investors were caught off guard as there was no major news to support a sudden nosedive in crypto prices. In total, the crypto market lost over $230 billion in value, representing a 5.6% drop in market cap.
Major altcoins stood out as laggards on Sept. 22, and most have failed to recover their losses. XRP traded near $2.80 on Sept. 22 and is now down 2.25% over the past week. Solana fell around 6% to $220, and selling momentum continued throughout the next few days. SOL is now down more than 11% over the past week.
Cardano fared a bit better, having dropped to around $0.82 on Sept. 22, and has not added to the losses, bringing its weekly loss to around 8%.
While most major coins are now in the red over the past week, one project managed to stand apart with green indicators, at least in terms of growing investor enthusiasm. Digitap ($TAP) is a new crypto project gaining momentum as investors shift their focus from established tokens to identify the next potential 50x winner.
Currently, Digitap’s presale event is off to a strong start, as it has already sold 16.44 million $TAP tokens and raised more than $205,000. The current offer price of $0.0125 will end soon, and investors will have to contend with a higher price of $0.0159.
XRP, SOL, ADA Plunge to Key Support Levels
Ripple’s XRP has been a relatively strong performer in recent weeks and saw heavy selling pressure on Sept. 22. Fortunately, buyers stepped in at the $2.80 level, and the coin regained some of its losses as the support level was defended. XRP is currently trading around $2.95, which is still far from its multiyear high of $3.65 reached two months ago.
This means XRP is within striking distance of entering a bear market, which is defined as a 20% decline from its peak. At current levels, XRP is down 18.9%, which has investors and traders worried about what comes next.
Meanwhile, Solana recently touched the $250 milestone, but on Sept. 24 it traded around $206 and looked ready to test the $200 support level. This came amid continued momentum from companies adding Solana to their corporate treasuries, adding to concerns that Solana is no longer one of the top cryptocurrencies to buy in 2025.
Last, ADA stands out as it briefly traded below the crucial support zone of $0.80. While it rebounded and gained a few pennies in value, the fact that it dipped below should be concerning, as XRP and SOL buyers were quick to take advantage of selling pressure at prices above the support level.
As such, ADA is currently trading at a make-or-break level that will dictate its medium-term trend. There are not many compelling catalysts to support ADA, as they are already understood by the market. This includes the governance rollout, scalability work via Hydra, faster node syncs with Mithril, the Midnight privacy sidechain, as well as stablecoin and DeFi integration.
Until a new or surprise catalyst emerges, the best-case scenario is that ADA remains range-bound.
Digitap’s Bright Prospects: First-ever ‘Omni-bank’
Digitap markets itself as the world’s first “omni-bank” through its unified banking and crypto platform that provides financial services to anyone with a smartphone. The investment proposition is simple: Digitap’s app, which is already live and fully functioning, combines traditional fiat banking features with cryptocurrency wallets and DeFi-like yields in one interface.
Users can transfer money between fiat and crypto, send funds internationally with minimal fees, and spend their money in real life through a Digitap Visa card that links to their account. Digitap’s optional no-KYC tier allows users to start transacting within minutes. Digitap uses a geo-responsive compliance engine and tiered limits: the no-KYC category covers low-risk and lower-limit activities.
Digitap offers bank-level functionality with crypto speed without defaulting to intrusive KYC for basic access.
Digitap’s 50x Gain As a Base Case
Many new projects are rightfully criticized for making empty promises and lacking real-world adoption. But Digitap offers a focus on real-world utility. It aims to serve both crypto enthusiasts and the 1.4 billion unbanked adults globally by offering access to payments and savings tools without needing a traditional bank.
However, even getting in at $0.0159 is a solid entry point. Digitap needs to win over just a small fraction of its total addressable market to justify a large price increase. A 50x price increase for $TAP is a realistic medium- to long-term scenario, as it implies a trading price of just $0.60.
This would place it in the category of mid-tier market-cap cryptos, and the project’s fundamentals provide a rationale for an even higher price tag. This makes Digitap one of the best cryptocurrencies to invest in today for short-term and long-term gains.
Discover the future of crypto cards with Digitap by checking out their live Visa card project here:
Presale https://presale.digitap.app
Social: https://linktr.ee/digitap.app
