Hyperliquid's native token, HYPE, has experienced another week of underperformance. The token has struggled to maintain its position within the $30-$32 price range following the unlock and addition of 9.9 million tokens to its circulating supply. Many market participants are now closely observing whether HYPE can reclaim the $35 area as a support level or if it will continue its downward trend towards the high $20s.
In contrast to Hyperliquid, which is seeing a decline in trading volume, Digitap ($TAP) has emerged as a prominent cryptocurrency presale project. In a remarkably short period, Digitap has successfully raised over $2 million. This significant achievement is attributed to its innovative omnibank app, which seamlessly integrates both cryptocurrency and fiat financial tools into a single, user-friendly account.
As established altcoins face stagnation, a notable trend sees cryptocurrency whales redirecting capital towards early-stage investment opportunities. This strategic shift is fueling discussions about the most promising altcoins to invest in within the current market landscape.
Hyperliquid Spot Trades Consistently Between Low and Mid $30s
The price of HYPE concluded the week with an 11% decrease. This decline is largely attributed to the concentration of its spot trades within the low to mid $30s. Consequently, the token's fully diluted valuation stands at several billion dollars relative to its daily trading volume.
Furthermore, Hyperliquid's daily Relative Strength Index (RSI) remains above the $40 mark, while its short-term moving averages are in a consistent downward trend. This technical indicator suggests market indecision, with neither the bears nor the bulls holding a clear advantage. Additionally, approximately 2.6% of the circulating supply is currently in circulation.
Following the unlock of 9.9 million tokens, the Hyperliquid team allocated over $600 million towards buybacks. This substantial amount typically only secures a few million tokens per day, representing a relatively small demand compared to the significant volume of tokens released into the market. This has resulted in an oversupply within the HYPE market, prompting many HYPE holders to reallocate their capital into cryptocurrency presale projects, such as Digitap, which offer the potential for immediate gains.
Mixed Market Sentiments for HYPE
Market participants are expressing a range of sentiments regarding HYPE. Some analysts view the token as a lagging indicator, suggesting it is underperforming relative to the broader market. They propose that its price movements are influenced by the overall index rather than independent market forces.
Others suggest that the prevailing downtrend may be a reflection of the broader market sentiment, as investors increasingly favor lower-risk, large-cap, and mid-cap assets. A third perspective posits that the Hyperliquid team is actively engaged in token buybacks, even as HYPE exhibits characteristics of stressed trading. This group believes the market is losing perspective, and the current pricing appears to be a disconnect rather than a fair valuation.
Technical analysis of HYPE's charts continues to reveal mixed signals, with the token trading within descending channels. The $33-$35 price range has become a crucial area of contention between buyers and sellers. A breach below these levels could precipitate further declines towards $28. Conversely, if HYPE can re-establish support within the $35-$36 range, a rally towards $40 could be initiated, potentially positioning Hyperliquid as a strong long-term investment among the best cryptocurrencies.
Digitap Leverages Real Utility to Outperform Market Trends
In contrast to the current market conditions for HYPE, Digitap ($TAP) is distinguished as more than just a typical cryptocurrency presale project. It offers early investors access to a functional omnibank application that consolidates cryptocurrency and fiat financial tools into a unified and intuitive account.
Users can effortlessly execute payments, automate savings, manage balances, and transfer funds without the need to navigate between different financial platforms. This capability is powered by Digitap's advanced multi-rail infrastructure and intelligent routing system.
When a user initiates a fund transfer, the routing system identifies the most efficient and cost-effective path. This process may involve transactions through traditional banking networks such as SEPA, SWIFT, or Faster Payments, or alternatively, through public blockchain networks, all within a single transaction flow.
The Digitap application is readily available for download on both iOS and Android platforms, offering immediate usability. Its zero-Know Your Customer (KYC) onboarding process provides users with instant access, eliminating any friction. This emphasis on user-friendliness and practical, everyday functionality has contributed to the growing adoption of $TAP, positioning it as one of the top cryptocurrencies to consider investing in now.
Additional notable features of Digitap include:
- •A Visa card program enabling users to spend their cryptocurrency balances at any merchant that accepts Visa.
- •An earning mechanism designed to provide $TAP holders with passive income. Fifty percent of Digitap's revenue will be allocated to token buybacks and staking rewards.
- •Staking rewards offering up to 124% Annual Percentage Rate (APR) during the presale phase, allowing users to earn substantial yields while simultaneously contributing to the project's stability.
Overall, this fintech-focused project is dedicated to enhancing global banking accessibility and improving the user experience. These aspects are attracting significant interest from cryptocurrency whales, who believe these factors could establish $TAP as a leading altcoin investment opportunity in December.
Presale Momentum Offers Upside Before $TAP Lists on Exchanges
Another aspect generating considerable investor interest is the ongoing presale momentum of Digitap. While the broader market experiences pullbacks, with many tokens, including HYPE, paring back gains, Digitap's presale prices continue to trend upward.
The price of $TAP has risen to $0.0361 from its initial offering price of $0.025. Early investors have already realized an impressive return on investment (ROI) exceeding 170%. This upward trajectory is projected to continue, with $TAP scheduled to increase to a new price target of $0.0371 within the next five days, further solidifying its position as a prime cryptocurrency investment opportunity.
The planned launch price for $TAP is set at $0.14. This provides early investors with a strategic advantage, allowing them to benefit from built-in price appreciation throughout the presale phase, even before the Digitap token becomes available on public exchanges. This anticipated growth has led many to consider $TAP among the most promising altcoins to invest in for 2026.
Digitap is currently live, offering users the opportunity to engage with its project. Further details about the project can be found on their official presale page.