Bitcoin continues to maintain its uptrend, with traders speculating whether we could see a breakout upward (taking prices over $120,000) or downward (taking prices back to $90,000).
BTC trading volume continues to increase in October, which has traders optimistic about the chance of new highs.
Meanwhile, Chainlink announced a partnership with S&P Global, which could impact not only its price but the entire crypto market. The two companies will work together to bring greater security and transparency to the entire DeFi and stablecoin markets.
For those seeking new opportunities, DeepSnitch AI, currently in presale, has been gaining hype with its innovative proposal to track on-chain activity in real time, anticipate whale activities, and find alpha news. These are just some of the tools that can be a game-changer on the market, making this probably the best crypto to buy now.
Bitcoin analysis: $120k or $90k, which comes first?
Bitcoin has slid under the key $107,500 as bears tighten their grip. Technical indicators such as RSI and MACD are starting to show bearish momentum, suggesting that the bulls are losing strength. If BTC reclaims $110k and establishes support, it could soon return to the $120k area.
But, if Bitcoin doesn’t manage to break back above the $110,000 to $115,000 resistance area, there’s a growing risk of a bigger drop. In that case, the price could head down toward $97,000 or even $90,000 (the next major support zone). This level has historical significance and could act as a strong “buy-the-dip” accumulation area.
But bulls remain optimistic and have one more reason: the BTC/GOLD chart. This chart shows the relationship between Bitcoin and gold prices over the past few years, and it features a multi-year bullish cup-and-handle pattern. Typically, this pattern breaks to the upside, and this could push Bitcoin’s price to $120k and then above $130k.
While the market is deciding the next move, it’s important to invest in projects that have the best market momentum and the greatest potential to go up.
DeepSnitch AI: The next crypto for 100x gains
DeepSnitch AI (DSNT) is a presale project that is still in its early stages and could change the entire crypto market. Its main goal is to democratize DeFi with access to market insights, which were previously exclusive to VCs and large investors.
DeepSnitch AI will have five specialized AI agents, each with a specific function: monitoring large wallet movements (“whales”), identifying problems and risks in smart contracts, tracking sentiment on social media, and other signals that are difficult to capture manually.
Everything can be connected to Telegram, making it even easier to receive information.
This sets DeepSnitch apart from most other cryptocurrencies, as it integrates with a social media platform like Telegram, which has a 1.5 billion user base. Thus, it has a ready-made channel for mass adoption.
Also, presale participants will have early access to the platform’s tools, the ability to stake (earn rewards for holding tokens), and lower prices than expected after the token is listed on exchanges.
With over $430k raised so far at only $0.01915 and 26% gains for the earliest backers, many expect DeepSnitch AI to 100x or more after launch.
Chainlink: Partnership with S&P Global to monitor the stablecoin market
On October 17, the LINK price fell 7.3% to around $16.60. But at this moment, buying the dip could be a smart decision, making LINK one of the best cryptos to buy now. This is because Chainlink recently announced a partnership with S&P Global, one of the largest credit rating agencies in the world, known for rating companies such as those in the S&P 500.
This partnership enables DeFi protocols and institutional players (like S&P 500 investors) to access real-time data for stablecoins. The main objective is to show which stablecoins maintain 1:1 pairs, validating which ones have the best capacity to maintain the peg (i.e., not devalue the token price).
This partnership is a positive milestone that could accelerate institutional adoption and bring more credibility to the stablecoin sector, which has already surpassed $300 billion in market value and could reach $2 trillion by 2028, according to U.S. Treasury estimates.
XRP: Is Ripple repeating the same pattern as in 2017?
Unlike most altcoins in a bleeding market, on October 17th, XRP rose 1%, with the token price at $2.30, but there may be better days ahead for XRP.
The charts below compare XRP movements in 2017 (before the 10x pump) with the current setup.
This could signal sideways price action followed by a major upward movement that could begin in the coming weeks. Meanwhile, on October 16th, Ripple Labs announced that it is preparing a fundraising effort to purchase $1 billion worth of XRP.
This can help reduce the circulating supply (less selling pressure), increase confidence in the token, and attract more companies to invest in XRP. A move that could help push the price of XRP to new highs.
Conclusion: The top crypto to buy today
Positive news about XRP and huge partnerships about LINK put them on the trending coin list this week, and this list of the best crypto to buy now. However, their high market cap limits explosive gains potential, while projects like DeepSnich AI offer a real 100x upside.
DeepSnitch AI is in its early stage, and offers a unique opportunity to invest at a discounted price. So far, it has attracted over $430k in capital at only $0.01915, after a 26% price surge for early backers, despite the market crash.
With a suite of five AI snitches in the work and a bubbling community, DeepSnitch AI could be the top crypto to buy today.
Visit the official website for more information.
FAQs
What makes DeepSnitch AI a promising next crypto to 100x?
DeepSnitch AI combines advanced AI with the best tools for DeFi and investments, powering traders with the best market insights. Its presale stage presents an early entry point for huge returns. That’s why it is the best crypto to buy now.
How does Chainlink’s partnership with S&P Global benefit the crypto market?
Monitoring the stablecoin market and providing audited and accurate data will bring more trust and security to the market, attracting institutional money and big players.
How is AI impacting the crypto market?
Artificial intelligence is transforming the crypto space by offering tools for data analysis, fraud detection, trading optimization, and the creation of new financial products. Projects like DeepSnitch AI use AI to generate valuable insights for all investors.
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