ETH ETF outflows trigger whale demand for SOL, $TAP: are these the next big movers?

Net ETH ETF outflows contribute to the recent Ethereum price downturn. But what are investors buying now?

An emerging trend is the growing whale accumulation of the Solana coin and Digitap ($TAP), considered the next big movers. 

While SOL is on track to reclaim the $200 support, $TAP has exploded by 55% from $0.0125 to $0.0194.

Moreover, the latter’s blend of traditional banks’ familiarity with the flexibility of crypto adds to its appeal, putting it on the list of the best altcoins to invest in. 

Ethereum price in the red amid ETH ETF outflows

As crypto investors dump their bags, so are institutions and everyday investors, evident in the growing ETH ETF outflows.

According to Coinglass, outflows in ETH ETFs surpassed $56 million and $230 million on October 16 and 17, respectively, coinciding with a decline in the Ethereum price. 

CoinMarketCap reports a 4% downturn in the Ethereum price on its 7-day chart to $3,900.

However, a clear breakout above $4,000 with strong volume could push ETH above $4,500, potentially surpassing $4,755, its 30-day high. 

Mariodecentral, in a video on X, suggests ETH is “forming a megaphone pattern.”

According to them, the Ethereum price could break out above $4,800 and possibly reach $6,000 or $7,000, while not ruling out $8,000. While current market sentiment might be bearish, the long-term outlook isn’t gloomy. 

Analysis suggests ETH is forming a megaphone pattern, typically breaking upward with the trend. Potential targets: $3,300 retest, then a breakout above $4,800, possibly reaching $6,000, $7,000, or even $8,000. Still bullish on crypto with a possible 25x gain. #ETH #crypto pic.twitter.com/vOeBKUhjc6

Will Solana coin break January high? 

The Solana coin, despite trading below its weekly and monthly high, is set to regain lost price levels.

A 2% and 20% dip on its 7-day and 30-day charts, respectively, pushed it to $190. 

However, daily trading volume is increasing—$5.3 billion amid growing whale demand.

With a rebound unfolding, the Solana price may retest $200 next—a rally above its January high of $294 cannot be ruled out. 

According to Fitzo, the Solana price ranging between $600 and $800 is “very much on the card.”

The potential approval of a spot ETF by the SEC may play a big role in its significant upswing. 

$600-$800 dollar price target still very much on the card for #SOLANA $SOL pic.twitter.com/ee1z38Oj8T

Digitap: massive whale demand sparks huge price leap – how high can it soar?  

Digitap, charting an upward course, saw a 55% gain from $0.0125 to $0.0194, its current price in the second presale stage.

Massive whale demand pushed early funding past $850,000 in record time, highlighting its potential and real-world applications.

At the intersection between DeFi and TradFi, it is backed by a bullish narrative. 

As the presale unfolds, early adopters are positioned for consistent, substantial gains.

For example, the $TAP token price is expected to increase by 38% to $0.0268 in the next round, positioning it as the best crypto to invest in today for the short term.

Meanwhile, a 25x gain is projected after its market debut this year—a must-have, according to experts. 

In addition to its significant growth prospects, whales are also doubling down on Digitap due to its real-world spending power.

Taking a unique approach, it combines the flexibility of cryptocurrency with the familiarity of traditional banking.

In other words, it allows the spending of crypto like cash, with its global money app recently going live on the Google Play Store. 

USE THE CODE “LIVEAPP30” FOR 30% OFF FIRST-TIME PURCHASES

ETH ETFs outflows drive demand for SOL & $TAP 

While net outflows in ETH ETFs coincide with an Ethereum price dip, whales are pivoting to the Solana coin and Digitap.

The former is set to reclaim $200 next and could surpass previous highs, while $TAP is tipped for a 25x gain after its market debut.

Aiming to become a leader in the cross-border payments market, it might be this year’s best crypto investment. 

Digitap is Live NOW. Learn more about their project here:

Presale: https://presale.Digitap.app   

Website: https://digitap.app/ 

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

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