Crypto Markets Under Pressure: Is DigiTap the Next Big Bet?
Crypto markets are feeling the pinch of renewed macro pressure as hotter-than-expected U.S. inflation pushes expectations for another Federal Reserve interest-rate hike sharply higher.
The latest data shows core CPI rose 0.3% in August, above the 0.2% economists expected, while headline consumer prices increased 0.4% during the month.
This has put pressure on risk assets including cryptocurrencies, with Bitcoin dropping below $77,000 following the inflation-driven selloff.
DigiTap ($TAP), a token still in presale, is being touted as a contrarian bet before FOMO returns. With a current price of $0.0589 and over 85% sold in Round 4 of its 10-round presale, DigiTap has raised more than $11.72 million.
The token's working beta app is already downloadable, providing product proof that sets it apart from other cryptocurrencies still in development.