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Over $7 billion in leveraged positions were liquidated on October 10th after President Donald Trump threatened to impose 100% tariffs on Chinese goods, continuing the trade war between the two economic powerhouses.
Bitcoin’s price lost 12% of its value in a flash, breaking below the $110,000 support level, while many altcoins lost as much as 40% of their value. The crash has led to panicked investors looking for more stable investments.
Newcomer Digitap ($TAP) has emerged as a haven for investors looking to minimize risks. It’s already being dubbed the best altcoin to invest in, earning first-stage investors 27% gains while other altcoins lost significant value.
The $7 Billion Liquidation Makes This the Best Cheap Crypto to Buy
The cryptocurrency space’s response to Trump’s announcement of 100% tariffs in response to China’s export controls was sudden and severe. BTC’s price dropped immediately, and things were worse for many altcoins. Some traders described the event as “COVID-level nukes” that leveled digital markets.
The $7 billion in liquidated long positions is the largest single-day deleveraging event in the history of cryptocurrencies.
"There are a lot of people in incredible pain right now," well-followed trader Pentoshi admitted as millions watch their positions evaporate. The event has led to an increasing number of investors seeking cryptocurrency projects that offer solutions to real-world problems, aiming to protect themselves against future crashes.
Beyond Speculation: What Makes Digitap the Best Crypto to Buy Now During Market Chaos
Investors often focus on high-growth potential during normal market conditions, but their priorities typically shift toward preserving capital during periods of market volatility. The safest bets in times of uncertainty are usually projects that provide utility.
That’s why industries like healthcare are viewed as recession-proof. They provide utility regardless of market conditions since people always need their services.
Projects like Digitap have garnered significant investor interest since the cryptocurrency market crash. It's already connecting the traditional finance and digital asset worlds with its banking app, available for download, its Visa card that automatically converts crypto or foreign fiat into local currencies when swiped, and high staking rewards it offers investors during the presale.
There’s also the incremental pricing structure of the presale that positions those who buy now at $TAP’s price of $0.0159 to earn 22% gains when it enters the next stage and prices increase to $0.0194.
Digitap’s Aims to Disrupt Industries Multiples Larger than Crypto
Digitap aims to secure its share of the cross-border payments industry, which is estimated to be valued at over $250 trillion by 2027. It’s poised for substantial growth given the solutions it provides to existing issues in the industry, such as:
Near-instant remittances, compared to the two to three days required with traditional banks.
Less than 1% transaction fees compared to an industry average of 1%.
Providing banking services for the 1.4 billion unbanked.
Digitap isn’t making a promise to deliver these things; its banking app and Visa card are already saving users lots of money and time, while making it easier than ever to manage cryptocurrencies. This utility makes it one of the top altcoins to buy right now.
Digitap’s ecosystem is governed by rock-solid tokenomics, which include a 2 billion cap on $TAP’s supply and deflationary mechanisms to drive scarcity. Team tokens are locked for five years to ensure developers are fully committed to the project’s success.
The more users perform transactions on Digitap’s ecosystem, the higher the $TAP price goes. Some projections have $TAP’s price growing exponentially when launched on exchanges.
Navigating the New Normal: Why This Could Be the Best Crypto Investment for Uncertain Times
Trump’s tariff announcement and the subsequent market collapse underscore a new reality for cryptocurrency investors: geopolitical risk now has a greater impact on markets than ever. Projects with global utility have emerged as the best crypto investments as their prices are valued based on the services they provide.
Digitap’s focus on solving real financial problems, such as slow remittance speeds, economic exclusion, and surveillance, positions it for substantial growth despite any uncertainty in the crypto space. Some analysts expect $TAP’s price to achieve as much as 100x gains once its presale ends and tokens are available on exchanges, making it arguably one of the best altcoins to buy today.
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
Disclaimer: This is a sponsored article. It is not part of Outlook Money's editorial content and was not created by Outlook Money journalists.
