Tap is a platform for the smooth and safe transfer of digital assets. Users can use this to transfer their funds using a prepaid Mastercard. Are you excited to know more about Tap? If you haven’t heard of Tap before, you can read this whole article and learn about it. We have analyzed the functionality, performance, tokenomics, price forecast, buying options, buying process, and credibility of the crypto.
What is Tap (XTP)?
Tap (XTP) is a blockchain oracle that provides validated data to smart contracts. Tap Network was launched in 2017. Tap’s goal is to enable the smooth integration of real-world data into decentralized apps. Tap Network, the founding company is trying to bridge the gap between blockchain and the traditional sector with its Oracle solution.
| Ticker Name | XTP |
| Market Cap | $8,217,797 |
| 24-hour Trading Volume | $101,496 |
| Total Supply | 10,000,000,000 |
| Chains | Ethereum Ecosystem |
| Categories | Payment Solutions |
How does Tap (XTP) work?
The word “Tap” refers to the concept of using dependable external data sources to improve the functioning of smart contracts. Here is how it works:
Digital Asset Transfer Platform: Tap’s core technology is the Ethereum blockchain. It is a decentralized network for formulating and implementing smart contracts.
Smart Contracts: Tap uses smart contracts to allow users to transfer their digital assets. These smart contracts function as self-executing deals with predetermined conditions. The smart contract guarantees that the digital asset transfers on Tap are based on correct and reliable data.
Oracles: Tap employs Orcales to collect necessary data from external sources when a transfer begins. It helps to guarantee that the digital assets transferred on tap are based on correct and reliable data.
User-privacy Protection: Tap also utilizes secure multiparty computation methods to maintain user privacy. MPC enables many participants to compute a function together without disclosing their inputs, It guarantees that sensitive user data remains secure during the transfer procedure.
Key Factors of Tap (XTP)
Each cryptocurrency has its features. Check out the key factors of XTP that set it apart:
User-friendly platform: Tap’s mobile application is designed to provide a fine user experience, even for beginners who are unfamiliar with cryptocurrency, which will attract new users to the crypto space.
Insurance: Insurance plans depend on real-life events and require precise and reliable information to work successfully.
Fiat and Crypto integration: Tap allows users to manage fiat and cryptocurrencies within the same app.
Multiple Features: Users can send and receive money globally, pay bills, and use a Tap debit card for online and in-storage purchases.
Staking Rewards: Holding XTP tokens allows participants to participate in taking, potentially generating passive income through the Tap ecosystem. It can incentivize users to hold onto XTP and contribute to the overall health of the Tap platform.
Token Distribution of Tap (XTP)
The native token of Tap is XTP. The total supply of the XTP token is 10.00B with a public sale of 1.50M. You can check out the token distribution of XTP tokens:
Price Prediction of Tap (XTP)
Do you know that it is possible to strategically plan the investment budget using the future price prediction of the crypto? This is what professional traders do.
While writing this, the 24-hour trading volume of Tap is $100,953 for the past 24 hours. This represents an 87.90% increase from the previous day. The increase indicates the rise in the market activity of Tap.
As per the analysis of its utility, and other technical indicators, we have made a seven-year price prediction for Tap.
Check out the future price forecast of Tap until 2030:
| Year | Minimum Price Prediction | Average Price Prediction | Maximum Price Prediction |
|---|---|---|---|
| 2024 | $0.00199 | $0.00464 | $0.00487 |
| 2025 | $0.00477 | $0.00550 | $0.00575 |
| 2026 | $0.00654 | $0.00752 | $0.00796 |
| 2027 | $0.00855 | $0.00985 | $0.0102 |
| 2028 | $0.00855 | $0.00985 | $0.0102 |
| 2029 | $0.0105 | $0.0110 | $0.0119 |
| 2030 | $0.0149 | $0.0162 | $0.0165 |
Where can you buy Tap (XTP)?
You can easily buy and sell XTP tokens on centralized and decentralized crypto exchanges. Uniswap V3 (Ethereum) is the most popular exchange option for trading XTP tokens that boasts a trading volume of $9,497.35 for the last 24 hours and the most active trading pair XTP/WETH. Bitfinex and ProBit Global are the other options to trade XTP.
You can check for the trading fees as well as the reliability of the exchange before choosing your trading partner. Always rely on official websites and links while looking for a purchase.
Is Tap (XTP) a credible investment option?
Tap can gain from greater cryptocurrency adoption as the market grows. The user-friendly interface and connection with conventional financial services can make it a worthwhile choice for new cryptocurrency investors. Tap seems to be a credible investment option for passionate investors.
Make it a point to research the project before confirming the investment. The volatile nature of the crypto market can have an effect on your investment. Be prepared with the financial strategy considering the risk tolerance.
More Articles: zkGUN Price Prediction 2024, 2025-2030, Where To Buy & Is It A Good Investment
