BNB Maintains Major Support at $1,000, But All Eyes Are on XRP and This DeFi Protocol That’s Redefining Crypto Banking

Binance Coin (BNB), the native token of the Binance crypto exchange, has seen almost uninterrupted upward movement since May. Crypto exchange Binance’s native token rose from around $500 to a peak of $1,369.99 on October 13. However, reality may have delivered a blow and the token is now trading just above the key $1,000 support level.

Meanwhile, Ripple (XRP) is showing signs of stabilization, and recent whale activity is showing encouraging signs. While XRP isn’t out of the woods yet, investors should consider presale tokens as a way to hedge against market volatility given their carefully planned price increases based on supply and demand.

One sign that is catching investors’ attention is Digitap ($TAP)a relatively new name in the crypto banking sector that offers a unique proposition.

Source: Digitap

BNB tests $1,000 support – how to read this level now

Binance Coin performed well in the aftermath of the October 10 market crash. Although most of the tokens suffered huge losses, Binance Coin not only recovered all the losses but also reached a new all-time high. The euphoria was short-lived, although not everything is negative as the token is trading above the key support level of around $1,000.

Strong support above $1,000 indicates that investors are keen to enter at this level. The ability to command a four-digit price tag is based on the fact that BNB brings with it an inherent demand from exchange users (for discounts on trading fees, stakes in BNB Chain), which makes it a desirable token to hold.

It is also used as a DeFi ecosystem token, meaning it plays a decisive dual role that users need and investors want exposure to. As such, the $1,000 support level can be seen as a lifeline for BNB, maintaining investor confidence that the coin can weather any shocks.

Source: @AltCryptoTalk

XRP Reclaims $2.50 as Whale Buys Return Comes Back – What Now?

XRP holders have faced a series of disappointments in recent weeks. Most notably, on-chain data showed that whales sold billions of dollars worth of tokens.

The recent $1 billion acquisition of GTreasurya treasury management systems software and solutions company, wonders if this is a subtle acknowledgment that it needs to explore new avenues for generating revenue outside of its core payments and remittances business.

Negative sentiment is taking a turn and investors are looking at encouraging recent data. On October 21, it was reported that whales collected 30 million XRP tokens in the last 24 hours.

While it’s never an exact science, buying big whales points to one fact: someone with a bottomless wallet is convinced something is up. Investors are taking notice as XRP is trading in positive territory following the whale purchase.

The token has now regained the $2.50 level, which is encouraging as it could imply that investors did not fully understand the GTreasury acquisition and the benefits it could bring.

Source: @ali_charts

Digitap’s Omni-Bank allows users to hold, exchange and spend money

Digitap is a growing DeFi project to redefine what crypto banking should look like. While XRP is on a mission to improve interbank settlements, Digitap has created a direct-to-consumer crypto and fiat banking platform known as an “omnibank.”

This means users can invest, save, transfer, send, receive and spend money worldwide, using crypto or fiat (or both) from the same account.

Some of the other key features include in-app conversion between assets and support for both customizable physical and virtual Visa cards linked to the account. In other words, a user can store US dollars and spend their Bitcoin through the Digitap Visa card, which converts the purchase amount at the time of sale.

Source: Digitap

The convenience and speed of these features effectively combine the benefits of crypto (borderless, 24/7/365) with the familiarity of traditional banking (Visa card, multi-currency, money transfers).

Pre-sale momentum increases as the live app attracts new buyers

Digitap is not just a concept; the platform is already live and fully operational. Currently in his presale With a token price of $0.0194, Digitap has already attracted over $900,000 in investments, making it one of the best ICO presales based on recent performance. The second round is about 50% sold out, meaning a price increase to $0.00268 is imminent.

While these are impressive numbers that deserve investors’ attention, many are missing the bigger picture. Digitap’s technology and approach set it apart from typical DeFi protocols and banking apps. It emphasizes privacy and accessibility, as accounts are opened with minimal friction and there is an optional sign-up process without KYC.

Digitap also uses artificial intelligence in its routing system to select the fastest and cheapest payment rails for a given transaction. By focusing on real-world payment needs and user experience, Digitap also blurs the line between a bank and a DeFi app.

BNB holds firm; XRP stabilizes; $TAP attracts new eyes

While BNB’s token is looking strong above the $1,000 support level and XRP is finally ready to enter the fray to reclaim the $3 level, Digitap is catching the attention of the crypto community. Digitap’s mix of banking technology and crypto delivers what XRP and even traditional banks promise, making it one of the few crypto presale with real utility.

As the crypto markets evolve, all eyes are increasingly on the ‘next big thing’. If Digitap delivers on its vision, it could truly redefine the crypto banking space and become a centerpiece of the next market cycle.

Discover the future of crypto cards with Digitap by checking out their live Visa card project here:

Presale https://voorkoop.digitap.app

Website: https://digitap.app

Social: https://linktr.ee/digitap.app

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