Amid a significant downturn in the gold market, Digitap has announced the continued rollout of its beta application and crypto-fiat services, positioning the platform as a potential participant in evolving capital flows across digital assets.
Digitap, a self-described “omnibank” platform, enables users to store, hold, and transact in both crypto and fiat currencies. The application, currently in beta and available via Google Play and the Apple App Store, integrates a Visa-based crypto card offering instant conversion and settlement. According to the project, the ongoing $TAP token presale has raised over US$900,000, with more than 68 million tokens distributed at a stage price of US$0.0194. The next pricing tier is listed at US$0.0268.
Gold Markets Experience Largest One-Day Decline Since 2013
Spot gold prices fell by approximately 6.3% in one day, marking the steepest decline in over a decade. Analysts attribute the move to profit-taking following a strong rally and the conclusion of seasonal demand around India’s Diwali festival. This drop is estimated to have erased over US$1.7 trillion in market capitalization.
Following this shift, some analysts note early signs of a rotation into risk-based assets, including digital assets. Silver also saw a comparable drawdown, reinforcing concerns of broader safe-haven outflows.
Altcoin Market Shows Technical Signals as Bitcoin Dominance Weakens
While Bitcoin has typically been the initial beneficiary of such rotations, recent market data suggests a decline in Bitcoin dominance from nearly 60%, potentially pointing to increased interest in altcoins. Technical analysts report that the total altcoin market cap has moved above a multi-year resistance level at US$1.46 trillion, which had constrained sector growth since 2021.
If this level is sustained, some commentators suggest it could mark a phase of altcoin outperformance. The bearish crossover of the MACD indicator on Bitcoin dominance charts is cited as a further signal of capital rotation in progress.
Digitap’s Product Roadmap and Utility Focus
As interest in alternative cryptocurrencies grows, Digitap’s multi-currency platform may draw attention from users seeking cross-sector utility. In addition to consumer payments, the project’s roadmap includes expanding into cross-border payments, DeFi applications, and traditional finance use cases.
According to the project documentation, Digitap aims to reduce cross-border transaction costs to under 1%, leveraging an AI-powered routing system. These features, alongside the app’s current availability, reflect a broader strategy to offer both fiat and crypto functionality within a single ecosystem.
About Digitap
Digitap is a financial technology project focused on integrating fiat and cryptocurrency services into a single digital platform. Through its mobile application, users can manage and spend crypto and fiat, supported by a Visa-based card system and real-time conversions. The project also targets the DeFi and cross-border payments markets with an emphasis on efficiency and accessibility. Digitap is currently conducting a presale for its native $TAP token.