At a Thursday hearing, EU officials urged support for euro-denominated stablecoins, calling them essential for financial sovereignty and competitiveness in the global DeFi market.
With the digital euro years away, regulators now see euro-backed tokens as a faster way to reclaim control and attract liquidity into European crypto markets.
The shift toward euro-backed tokens could redirect serious liquidity into emerging verticals, especially AI-based crypto tools with real-world utility.
Projects like Bittensor, Near Protocol, and DeepSnitch AI stand to become the best cryptos to buy now as the capital shift unfolds.
EU pushes for Euro stablecoins to break U.S. dollar dominance
European Union officials are ramping up efforts to promote euro-denominated stablecoins, aiming to reduce reliance on U.S. dollar-backed tokens that currently dominate crypto markets.
At a Thursday hearing, Pierre Gramegna, managing director of the European Stability Mechanism, called on the EU to embrace stablecoin innovation and support domestic issuers in launching euro-based alternatives.
“Europe should not be dependent on US dollar-denominated stablecoins,” Gramegna said, adding that tokenized assets and stablecoins are becoming essential components of modern financial infrastructure.
Eurogroup president Paschal Donohoe echoed the sentiment, stating that innovation should not be stifled, even as the region awaits its own digital euro, which likely won’t launch before 2029, according to ECB board member Piero Cipollone.
The shift in tone marks a significant departure from the EU’s previously cautious stance. The boom in U.S. dollar stablecoins following the GENIUS Act in the U.S. has demonstrated how quickly regulation can unlock liquidity and reshape market power.
This growing focus on euro-backed stablecoins could drive fresh capital into the crypto space, potentially triggering a new wave of trading activity across European markets.
With that comes complexity. As new retail and institutional traders enter the market, navigation tools like DeepSnitch AI will become essential, making DSNT the best crypto to buy now.
What AI token can be the next 100x crypto: DeepSnitch AI, Bittensor, or Near Protocol?
DeepSnitch AI: The presale raises $343k to become the best crypto to buy now
AI tokens added $5B in market cap in 30 days, marking one of the fastest-growing verticals in crypto this year. In fact, nearly half of all crypto holders believe AI tokens will outperform every other sector in the next market cycle.
DeepSnitch AI is launching at a time when capital is rotating heavily into AI crypto tools, with real-time use cases gaining the most traction. Its tools are designed to help traders stay profitable even in the harshest market conditions.
In bearish conditions, the need changes from speculation to survival, and DeepSnitch’s real-time alerts offer that edge. The project doesn’t rely on green candles to stay effective, but builds an ecosystem that can keep you profitable even when prices fall.
Take SnitchGPT, for example. This AI agent acts like your personal trading assistant, trained on-chain to provide instant answers, decode complex token data, and help guide your decisions with logic. It’s like having a veteran trader in your Telegram chat 24/7, helping you trade smarter, not harder.
Unlike other top AI tokens like Bittensor or Near Protocol, DeepSnitch has one major edge: it’s built directly into Telegram, where over 1 billion users already live, trade, and chat.
TAO’s biggest run saw a 15x, NEAR managed a 20x. At $0.01805 and with just $343K raised, DeepSnitch would only need to reach $1.80 to deliver a 100x, making it one of the best cryptos to buy now.
Bittensor breaks out of consolidation, keeps rallying
Bittensor has broken out of a two-week consolidation phase, climbing 6% as bulls reclaim control over the price. The move comes with a 108% surge in trading volume, hitting $212 million, a strong signal that the breakout is being fueled by genuine spot demand.
Market positioning is also shifting. With a long/short ratio of 1.01, traders are tilting bullish, betting on continued upside as crypto sentiment improves across the board.
The breakout above the range held between September 23 and October 7 now marks a clear shift in momentum, potentially setting the stage for a larger move.
If buying pressure remains intact, TAO could soon make a run at the $393 resistance, a level last seen in early September. That said, any drop in momentum may see the token retest $320 if bulls begin to lose control.
Near Protocol slips toward key support after sharp cooldown
Near Protocol has retreated roughly 16% on October 10, trading around $2.50 after losing its footing above the 200-day EMA around $2.87. The pullback comes as the broader market sentiment weakens, although derivatives data show traders haven’t abandoned the ship entirely.
Open Interest climbed to $395.9 million, while the funding rate flipped back above 0.01%, pointing to increasing confidence among traders.
That sentiment shift is also visible in the long/short ratio, which edged higher as long positions grew from 47.95% to 50.79% in just 24 hours.
At the same time, Near’s Total Value Locked (TVL) has remained solid above $185 million, signaling stable engagement across the chain following its September rebound.
For bulls, $2.45-$.2.50 is now the zone to defend, losing it could open room toward $2.30. A recovery above $2.87 would signal the market is ready to rebuild momentum.
Final thoughts
In the last two cycles, AI tokens like Bittensor and Render delivered outsized gains, hinting at a repeat as AI adoption accelerates. In early 2024, Bittensor exploded from the mid-$40s to $700. The year before, Near Protocol soared from under $1 to $11.
This cycle, DeepSnitch AI is set to take its place as the best crypto to buy now. With over $343K already raised and the presale price still at just $0.01805, DeepSnitch stands out as one of the few early-stage tokens with both narrative and working product.
Check out the presale now.
FAQs
Why is the EU pushing euro-denominated stablecoins?
EU officials want to reduce reliance on U.S. dollar-backed stablecoins. They aim to increase financial sovereignty, boost domestic liquidity, and accelerate the region’s role in global crypto markets.
How much has DeepSnitch AI raised so far?
Over $343,000 has been raised in its Stage 1 presale, with the current token price set at $0.01805.
How does DeepSnitch AI compare to Bittensor and Near Protocol?
Bittensor did a 15x, Near Protocol saw a 20x in past cycles. But both are already established. DeepSnitch AI is an early-stage project that taps into Telegram’s 1B+ user base, making it the best crypto to buy now.
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