Adam Back, the founder of Blockstream, is an enigmatic character. He is the inventor of Hashcash, the proof-of-work method used in Bitcoin. After he was prominently featured in the Netflix documentary Money Electric: The Bitcoin Mystery, many concluded that he is the real Satoshi Nakamoto (though, of course, he vehemently denies it).
As Bitcoin dropped briefly below $100,000, Back was making news with a new BTC treasury, showing confidence in the coin he (Satoshi or not) helped create. Even if the market is down, it has shown resilience, and many out there are wondering what is the best crypto to buy now.
As crypto continues to evolve, the best coins are those that have real-life utility and adopt the latest technologies. The most distinctive example of that is DeepSnitch AI.
The project is developing the most advanced AI use case in crypto, and its presale is moving at full throttle, with almost half a million dollars raised and a still low entry price of only $0.02157.
Adam Back is partnering with Swiss capital to build a BTC treasury
On November 5, it was reported that Adam Back was partnering with the Swiss firm Future Holdings AG, raising 28 million Swiss francs (approx. $35 million) to build a BTC treasury. The firm’s mission, as they claim, is to bridge traditional finance (TradFi) and bitcoin through a balance-sheet-driven institutional model.
Interestingly, this move happened as Bitcoin was undergoing one of the heaviest corrections of the year, falling a couple of times below the $100k mark. While some see an unavoidable correction, others see BTC’s resilience, because the coin has quickly regained the $100k mark each time that has been tested below it.
Despite Back’s vote of confidence, Bitcoin isn’t the top cryptocurrency to buy today, or even among the trending coins this week. Instead, coins like ZCash and ZKsync are the ones making gains, and should be considered the best crypto to buy now, along with DeepSnitch AI.
3 coins that might explode in November
1. DeepSnitch AI (DSNT)
When Bitcoin was invented around 2008-09, its technology wasn’t new. Cryptography was known for decades, and proof-of-work blockchain methods had been around for at least 10 years. What made Bitcoin so successful was a clean use case implementation (peer-to-peer digital cash) with a market strategy. This is what DeepSnitch AI is doing today, and what makes it the best crypto to buy now.
The product is based on AI-based data analytics and processing. A suite of AI agents will scan on-chain and off-chain data, detecting shifts in sentiment, potential scams or hidden gems. This information is then conveyed as actionable insights to any investor, big or small. All that is required is to hold the DSNT token.
The market for such a product is massive. The number of crypto holders around the world is estimated in the hundreds of millions, and all of them can benefit from a sophisticated tool that helps make better investment decisions. In addition, the token is marketed as a meme coin, whose character (Snitch, the mouse space fighter) perfectly aligns with DeepSnitch’s mission: leveling the playing field in crypto investing.
More and more people are realising the unique potential of DeepSnitch AI to become the next crypto to 100x. But that explosive level of returns will be reserved for those who move fast and take part in the ongoing presale.
2. ZCash (ZEC)
ZCash has been one of the trending coins this week, gaining 37.6% while most other coins were losing. Some have observed a renewed appetite for privacy coins that focus on anonymity, and ZCash has been one of the leaders in this segment, along with Monero.
After years of trading around the $50 (mostly below it), ZCash started a sustained comeback since the end of September. It has gained more than 1,200% in the last 3 months, with a bullish momentum even when the market was down. All this makes ZEC one of the best cryptos to buy now.
3. ZKsync (ZK)
ZKsync performance in the last week has been even more impressive, with a 143% return. The Ethereum Layer-2 token has benefited from a proposal made by its creator to turn it from a governance instrument into a token with real economic utility.
While this “real utility” is actually limited to ZKsync’s internal ecosystem, the move shows how even current tokens are trying to incorporate enhanced utility and functionality. At any event, ZK’s performance is still one of the best cryptos to buy now, as the industry keeps evolving.
Conclusion
The crypto space continues to evolve, no matter if bulls or bears are ruling it. DeepSnitch AI is one of the most fascinating examples of this, and should be considered the best crypto to buy now that capital is rotating from certain coins to others.
While DeepSnitch AI might indeed become the next 100x explosion, only those who take part early in the presale will benefit from that kind of exponential returns.
Visit the official website to buy into the DeepSnitch AI presale now, and visit X and Telegram for the latest community updates.
FAQs
Why is it significant that Adam Back is setting up a new BTC treasury?
Back is one of Bitcoin’s and crypto’s historical figures, and still very much active as a proponent of BTC as a key element of a decentralized global financial ecosystem. The fact that he’s getting involved in a treasury (which is a figure brought by traditional finance into the crypto space) shows his willingness to welcome evolution in the space.
What might be behind ZCash and ZKsync’s good performance?
They are perceived as coins with certain differentiation and utility. In the case of ZCash, it appeals to those who value anonymity in their transactions. For ZKsync the main factor is the popularity of certain ETH Layer-2 solutions.
Is DeepSnitch AI truly capable of generating 100x returns?
The numbers don’t lie. DSNT is still presold at just above 2 cents of a dollar. A coin that powers a sophisticated tool like DeepSnitch AI, with such a massive market, would not last long in increasing in price up to $2 or even more, once the product is adopted.
