Hedera Trades Below $0.20 Wall: Digitap ($TAP) Pushes Past $1 Million With Visa Cashback Program

Hedera (HBAR) is struggling to break through the key $0.20 price barrier, even after a much-anticipated ETF launch that failed to impress investors. Frustrated investors who hoped for a major catalyst to push the token into the green for October are cutting their losses.

One of the recipients to which ex-Hedera investors are flocking is Digitap ($TAP), an up-and-coming crypto platform that created the world’s first “omni-bank.” Essentially, Digitap is a fintech-style crypto banking platform that blends traditional finance with digital assets.

Source: Digitap

3 Ways Digitap Merges Banking And Crypto In One App

Digitap’s banking app lets individuals and businesses hold both crypto and fiat in one account. Money can be moved across borders with near-instant settlement and, in many cases, sub-1% fees.

Digitap isn’t just a concept; it is delivering real value to users worldwide. An optional no-KYC account is marketed toward the more than one billion adults worldwide without access to identification, in addition to privacy-conscious individuals. This means that the “unbanked” population can now join the global financial community.

Users can also spend their crypto seamlessly through Digitap’s Visa-branded payment card. Transactions are converted from crypto to local currency at the time of purchase, meaning crypto can now be used anywhere Visa cards are normally accepted.

Presale Tops $1.2M; Round Three At $0.0268, $0.0297 Next

Investor enthusiasm is evident in Digitap’s presale numbers. So far, investors have purchased more than $1.2 million worth of the project’s native $TAP token.

The presale is divided into phases, with the price of $TAP increasing at each stage. The token is currently for sale in its third round at $0.0268 and is scheduled to increase to $0.0297 before the end of the week.

This design is designed to reward early backers. Investors who bought the token during the first round at $0.0125 are sitting on a more than 100% paper profit. If current momentum sustains and Digitap continues to draw capital away from frustrated blue-chip crypto investors, the token is expected to launch on one or more exchanges at $0.14.

Cashback In $TAP, Partial Burns Tie Spend To Deflation

The $TAP token also plays a vital role in Digitap’s marketing initiatives. A 2024 Bankrate study found that cashback is the most preferred card feature for 43% of Gen Z and 45% of millennials. Overall, 80% of Americans earning at least $80,000 and 70% of baby boomers have at least one rewards card.

The appeal of a cashback program can’t be overstated. Digitap users earn rewards in $TAP tokens on every purchase. Users appreciate these rewards, but investors should be even more excited by the finer details.

Digital allocates 50% of profits to buybacks and staking rewards. This means that higher card usage directly contributes to a reduction in the token supply. With fewer tokens in circulation, $TAP’s value may rise over time.

In other words, Digitap has created a cycle that benefits everyone. Users are incentivized to adopt the card for its perks, and then spending activity drives demand and deflation for the token itself.

Source: Digitap

ETF Debut Disappoints; HBAR Stalls Below The $0.20 Wall

The October 29 launch of Canary Capital’s Hedera ETF on the NYSE was intended to revive the Hedera token’s price. Crypto ETFs by design open the door for more institutional support, especially from investors who don’t want to (or can’t) own crypto directly.

On launch day, Hedera’s price dipped, with the ETF losing around 3% on the day. It saw just $8 million in trading volume by the close, compared to more than $65 million that Solana’s new ETF attracted in the same session.

Investors who were banking on the ETF for a momentum boost have every reason to be frustrated. The token remains trapped below the $0.20 wall and is unable to decisively break out.

Currently trading at around $0.19, Hedera’s token sits below its 50-day and 200-day moving averages (around $0.203-$0.207). This is a clear indication that sellers are in control and buyers are at their mercy.

Source: @Morecryptoonl

Two Paths: HBAR Stuck; Digitap Gains On Real-World Use

Hedera and Digitap exemplify two distinct crypto narratives unfolding. Hedera, a well-established top-50 crypto by market cap, found itself the victim of a “buy the rumor, sell the news” scenario. The ETF was meant to unlock value, but instead the token is stuck under $0.20.

Digitap, on the other hand, is focused on real-world utility for ordinary people and businesses. By making crypto spendable and rewarding to use, Digitap has found the ideal balance between pleasing investors and users alike.

Digitap’s presale success and the Visa cashback program are clear signals that the market is assigning value to projects that deliver tangible benefits and innovation in how crypto can be used day to day.

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