On October 2, Bitcoin finally broke out above $120K amidst the heavy market recovery. In addition to amassing a trading volume of $67B, Strategy, the largest public BTC holder, announced that it may no longer be subject to tax liability related to unrealized earnings.
This sparked a bullish wave as it could be a sign that the IRS and the Treasury are loosening their grip on crypto, as the new IRS guidance states holders are no longer required to include unrealized BTC gains in their tax calculations.
Meanwhile, DeepSnitch AI gained serious ground after raising over $295K in the first presale stage, with traders believing the current $0.01735 could go parabolic after launch. Here’s why!
Is BTC en route to a new ATH in October?
Bitcoin shot past the $120K resistance on October 2, after 24 hours of solid momentum with a daily trading volume of over $73B, according to CoinMarketCap.
In addition to overwhelmingly bullish market sentiments, what helped BTC’s action is the Strategy’s announcement that it may not be liable for a multi-billion-dollar tax for unrealized crypto gains.
Coming from the US Treasury and IRS, the new update excludes companies spares companies from including BTC gains or losses in their Corporate Alternative Minimum Tax calculations. Not only will it help with Strategy savings, but long-term treasuries won’t have to worry about appreciation. Analysts believe the decision may spark faster institutional adoption.
In the meantime, Bitcoin is confirming a massive uptrend, and since the RSI is in the overbought position, there’s a possibility for a pullback. Yet, if the current momentum continues, BTC could reach $122K and $124K, with the possibility of shooting toward $128K, a new ATH.
Due to strong macro tail winds, increased regulatory clarity, and a return of institutional investments, Bitcoin is set up for long-term gains, which could bring in a large wave of business demand.
However, while bullish BTC will likely help hype up new tokens, Bitcoin is outside the grasp of most retail investors who are looking to achieve explosive gains in the ongoing bull cycle. As a result, new presale projects are full-on trending.
Crypto presales set for growth in 2025
1. DeepSnitch AI: Can DSNT provide a 100x ROI?
DeepSnitch AI is a project set for growth, in part, due to its trader-centric AI utility.
It’s simple, the project is developing a full trading ecosystem that combines an AI-powered platform with five sophisticated AI agents trained to process raw data and transform it into actionable analytics.
With the dashboard, traders will be able to track whale movements, source alpha news, discover runners, and scan for contract risks.
The idea behind the suite is to provide traders the ability to catch up to whales, insiders, and influencers who generally bag the most profits as they operate with a significant informational advantage. Because it’s a set of tools most retail traders can use in their daily trades, DeepSnitch AI has the potential to reach mainstream appeal after launch.
Raising over $295K at the price of $0.01735, there’s a strong indication that the combination of price, ongoing hype, and the utility will help the DSNT token become the next moonshot crypto with 100x potential.
This means that investing as little as $500 at the current price could net you in the ballpark of $50K, which is hard to achieve with major altcoins. To see the same return with Bitcoin, you’d need to risk tens of thousands of dollars and wait for a new ATH, something far outside most traders’ reach.
Join the presale now, DeepSnitch AI, and keep the FOMO at bay.
2. Harry Hippo: Can a strong meme carry HIPO to success?
Harry Hippo is a prominent meme coin presale that heavily leans into the popular Hacienda Nápoles hippos. While primarily a meme coin, the team also decided to improve the project’s fighting chance by introducing simple utility functions.
For instance, HIPPo will provide community rewards, play-to-earn, and a few extras to pique traders’ interests. The P2E function might help the project thrive and grow organically after the hype fizzles away, which might help it stand out from other meme coins.
The token is currently priced at $0.0087, and the project has raised nearly $2M so far.
Although the P2E element is definitely strong, it’s not very original, which is why many traders are cautious about Harry Hippo and its long-term viability.
3. Bitcoin Hyper: Will HYPER pump after launch?
Bitcoin Hyper is a late-stage presale that managed to amass plenty of support from investors due to the promise of upgrading the Bitcoin Network. While not directly affiliated with BTC, Bitcoin Hyper has found a solution to speed up the outdated transaction speed of the Bitcoin chain.
Through Solana Virtual Machine integration, Bitcoin Hyper L2 will be able to provide BTC with a faster throughput by processing transactions outside of the base network. Because transactions will be settled on Bitcoin, the L2 will significantly bump up the speed without affecting Bitcoin’s security.
Yet, it’s worth mentioning that HYPER is in its late stages and is priced $0.012965, meaning that it may provide a smaller upside than early-stage crypto projects such as DeepSnitch AI.
Conclusion: Green candle season prep
Bitcoin is set for a massive breakout soon. As many traders watch the charts in anticipation of a new ATH, others are looking toward new projects to set themselves up for explosive gains in Q4.
Owing to the hype, the sheer power of its AI utility, DeepSnitch AI has all the hallmarks of the best crypto presale in the ongoing cycle. While the trading tool itself will likely help traders make smart moves after launch, it’s also impossible to ignore the affordable price of $0.01735.
Anticipating a 100x, the project already raised over $295K in record time. Join the DeepSnitch AI presale now to maximize your ROI.
FAQs
1. What is the best crypto presale right now?
DeepSnitch AI is trending as one of the best crypto presales due to its trader-focused AI utility and fast-growing community.
2. Can presale tokens like DeepSnitch AI really 100x?
While not guaranteed, presales like DSNT offer higher upside potential than major altcoins due to low entry prices and early-stage growth.
3. How far can Bitcoin pump in October?
Analysts anticipate BTC to reach $122K in the short-term and push toward its previous ATH of $128K.
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