Bitcoin was priced at $117K after the Fed rate cuts on September 18. On a technical level, BTC is showing signs of a possible rally, leaving traders and analysts wondering how far Bitcoin can climb in the next few months.
Yet, while the sentiment is overwhelmingly bullish, Bitcoin ETFs saw a spike in outflows, with $51M leaking out of the market on September 17. This occurred a day after BTC ETFs recorded $292M in net inflows.
As predictions range from $120K to $500K, retail traders are switching to smaller altcoins in hopes of catching the next crypto to explode. Having amassed $227K during the first stage of the presale, many have pointed out that DeepSnitch AI is poised for growth during the next cycle.
Positioned as an analytics suite in the AI sector, DeepSnitch AI expertly combines real utility with meme value. Due to its price $0.01667, some traders are confident that the crypto may be able to reach an easy 100x after release.
How likely is a new BTC ATH?
On September 17. The Fed confirmed a rate cut of 25 basis points, due to the negative economic outlook and slower job growth. As a result, the crypto market soared by 2%, growing to $4.2T.
Bitcoin, according to CoinMarketCap, maintained a strong $117K level at the time, but failed to maintain momentum.
Yet, some members of the crypto community believe BTC is set for a supercycle, which could push it as high as $500K.
On September 18, analysts clarified that maintenance above $117K will likely help keep up the momentum, while the 200-SMA around $113k is a testament to the bullish structure.
Breaking above $117.6K opens the gates toward $118K, and consequently $119K. Short-term target is $120K, $4K below its August ATH.
Long-term projections are bullish. A clear pattern of higher lows may support a massive rally toward $130K. While unsubstantiated, some traders believe a $500K could be in the books if the wider market conditions remain bullish.
Meanwhile, traders are eager to find the next crypto to explode that could help unlock massive gains in the ongoing bull run.
Altcoins set to pump during Q4
1. DeepSnitch AI: How far could DSNT go after launch?
Despite the DeepSnitch AI presale just going live in August, it has already attracted $227K of capital and a mass of hardcore supporters.
As an AI project, DeepSnitch AI is creating five individual AI agents that collect data and generate crypto analytics. Each agent will focus on a single area of the market, including whale wallets, fresh alpa news, and on-chain data.
Considering that the analytics will be presented in a central dashboard, retail traders will have an easier time developing new strategies and performing smarter trades.
Although the utility is the main draw, DeepSnitch AI also turned heads due to its affordability. Priced at $0.01667, DSNT is both an affordable entry into the AI sector and could also present an asset with a high upside potential.
It’s not uncommon for AI tokens to expand by 100x after hitting the exchanges. If DeepSnitch AI achieves a fraction of that, say, appreciation to $1, a small investment of $100 at the current price could net an easy $10K if the project succeeds.
Even simple meme tokens have the ability to explode by 100x. If DSNT achieves just a small portion of that after launch, traders could bag $10K through an investment of just $100 at the current price.
Traders believe the project is already set for growth, considering that the first stage has already reached $227K. Since the price is set to increase with subsequent stages, many traders are reserving their spots in the DeepSnitch AI presale to maximize the potential upside.
2. Sui: Is SUI set for a breakout?
Before the Fed rate cuts on September 17, SUI made a series of wild price swings, according to CoinMarketCap data. For instance, SUI tested the $3.85, but bulls failed to flip the resistance.
As expected, the bullish wave created by the Fed rate cuts helped drive SUI to $3.80 and toward $3.90 by September 19. Analysts are bullish, claiming SUI has the potential to break out to $4.18 if the momentum holds.
Another prediction suggests SUI may reach the $4.60 area in December. While it is impossible to say for certain, the token may actually hit the long-expected $5 mark.
3. Cardano: ADA holders aim for $1
Holders have waited for years for ADA to make a confident break above $3. While the momentum simply wasn’t there, Cardano stayed active with many developers relying on it due to its efficiency and speed.
The Fed rate cuts may have finally disrupted the status quo and provided ADA with the necessary momentum.
CoinMarketCap data showed ADA trading at $0.8813 before the Fed rate cuts, with the price finally reaching $0.9000 after the cuts hit the news. On September 19, ADA reached $0.9250 area, demonstrating a strong upward trend.
Analysts believe ADA will remain bullish if the price holds above $1. If the current trend continues, ADA could reach $1.02. Moreover, if the market forces align and bulls stay committed, ADA could eventually surge to $1.25 level.
A bearish scenario could also materialize if ADA doesn’t flip the $1 resistance. Analysts expect this to cause ADA to plummet into the $0.68 area.
Final words: Brace for the supercycle
Bitcoin may be primed for an astronomical pump in Q4 if the bullish wave continues. The hype will likely spill over into other areas of the market, so traders are generally scoping out new opportunities.
While major coins could still be valuable for new investors, those who are anticipating larger upsides may be better off looking elsewhere.
Fortunately, DeepSnitch AI is buzzing at the moment. It has a cost-effective entry of $0.01667, interesting utility, and a growing community, all of which hail it as the next crypto to explode.
Read more on DeepSnitch AI’s official website.
FAQs
What is the next crypto to explode?
Analysts highlight AI-based projects like DeepSnitch AI, as well as strong altcoins such as SUI and Cardano, as top contenders to surge during the ongoing bull run.
Could DeepSnitch AI deliver 100x returns
DeepSnitch AI’s low entry price of $0.01667 and the unique position in the AI market could make it a high-upside presale project.
Will BTC hit a new ATH before the year ends?
Many traders expect Bitcoin to test $120K in the short term, with long-term projections ranging as high as $500K if the supercycle theory plays out.
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