On October 16, the meme coin market sector fell to levels from July after tokens in the category suffered a sharp decline after the market crash on October 10.
While the market cap hovered in the $54B area, which represents a slight recovery from $44B following the crash, investors fear that retail interest in meme-based tokens is falling sharply. In comparison, the sector was valued at $72B the day before the crash.
Meme coins are generally the most cost-effective digital assets, which is why this dropoff caused investors to shift to presale projects that have a low barrier to entry and a high upside potential.
As the community waits for a clear BlockDAG launch date, DeepSnitch AI attracted over $429K of capital and shot to the list of trending presales.
The project is characterized by a robust utility centered around AI agents, a healthy buzz, leading many to believe the token could eventually go 100x after launch.
Are meme coins dead?
According to CoinMarketCap, the market capitalization of meme coins stood at around $54 on October 16.
The entire sector has been struggling since the crash, when the market cap fell by 40%, with the recovery lacking momentum. While the market cap has been consistent for months, having remained above $60B, investors may be cautious about pouring funds into meme coins.
Moreover, CoinMarketCap data reveals that the top memecoins like DOGE, BONK, and PEPE accounted for 82% of the sector. Thus, investors believe that decreased interest in these coins may be a contributing factor to the slow recovery.
In contrast, other crypto categories stabilized much quicker.
For instance, the NFT market regained 10% of its value within 24 hours of the crash. A similar trend applied to ETFs, with Bitcoin and Ether ETFs recording more than $330M in combined net inflows.
However, experts anticipate the meme market to follow suit as predictions for top meme coins are bullish, with DOGE projected to reach as high as $0.45 if it clears the $0.22 resistance line soon. If multiple meme coins pump, the entire sector will likely follow suit.
Because the crash postponed expected Uptober rallies, investors are adding presale tokens to their portfolios. While explosive post-launch gains are the key factor, early projects may also be more resilient against erratic price swings, which are common following October 10.
Best crypto presale projects
1. DeepSnitch AI: Why is DSNT trending?
In addition to presenting a strong upside potential, DeepSnitch AI is an AI project building a day-to-day trading tool with mainstream appeal.
The analytics suite will leverage five AI agents analyzing different types of on-chain data, presenting them in a centralized dashboard as actionable insights.
SnitchFeed is set for release first. This agent will track market sentiments by sifting through alpha groups and social media threads on different platforms. If a sentiment shift occurs, SnitchFeed will alert the user.
Apart from sentiment shifts, the agent will also be able to track whale wallets and insider signals, and scan for suspicious activity, warning traders of potential FUD storms.
The second agent, on the other hand, focuses on screening tokens and will be trained for identifying rug pulls and similar scams and finding breakout new coins.
Naturally, since the project’s appeal extends beyond developers, there’s a high chance that DeepSnitch AI’s tools will reach widespread adoption. In fact, its utility could attract developers, AI aficionados, as well as regular traders.
Currently priced at $0.01915, the token is also affordable enough to provide a high upside and bring investors an immense ROI if the project reaches success.
Considering that DeepSnitch AI has already raised almost $430K by the second stage, if the momentum continues, there’s a possibility of the price to grow by 100x after launch. This could net traders as much as $50K on a modest $500 investment.
2. BlockDAG: Has BDAG lost the race?
At press time, BlockDAG is a trending presale that managed to attract close to $400M from investors. Its power lies in the L1 built on a DAG-PoW architecture, which is capable of completing up to 15K transactions per second without sacrificing security.
Since this is quite revolutionary, the community is eagerly awaiting the token to hit the exchanges.
Yet, the team missed its first deadline in August, souring investors and leaving them wondering when will BlockDAG launch.
Unfortunately, while the team is providing constant updates (including a major update to the mainnet, as outlined in a recent post), the BlockDAG release schedule is still unknown.
Investors who still believe in the project believe that the BlockDAG presale end date is in November, but the more likely scenario is that the project will launch upon reaching the $600M goal.
3. Remmitix: Is RTX the next big thing in DeFi?
While DeepSnitch AI revolutionizes analytics and BlockDAG focuses on efficiency, Remmitix promises to enable crypto-to-fiat transfer to various financial institutions in over 30 countries.
This could significantly simplify cross-border payments and eliminate friction between digital assets and traditional finance.
A huge reason why Remmitix is one of the biggest presales is the fact that it also focuses on business, promising to provide a simple way to accept crypto transfers without updating existing rails.
Although Remmitix is expected to face tough competition from the likes of Coinbase, which recently launched its own Business platform for cross-payments, many believe RTX will end in success.
The current RTX price is set at $0.12, which can be considered steep for a presale. While it does not carry the upside of early-stage projects, the ROI will likely be higher than with most other majors.
Final words: The utility era can begin
As the BlockDAG launch date remains a mystery and meme coins lose their value, the appetite for utility-based presales is at an all-time high.
DeepSnitch AI may be new, but it’s also its biggest strength, allowing investors to partake in the presale at a price as low as $0.01915. With a utility focused on helping retail traders with AI, DeepSnitch AI certainly has the mainstream potential that could push the token to astronomical heights.
Join the DeepSnitch AI presale now, and reserve your tokens before the next price increase.
FAQs
When is the BlockDAG launch date?
The official BlockDAG launch date has not been confirmed, but sources indicate the mainnet could go live in November or when the project reaches its $600M goal.
What is BlockDAG?
BlockDAG is a next-generation Layer 1 blockchain that uses a hybrid DAG-Proof-of-Work architecture to improve scalability and security, presenting an efficient upgrade in blockchain technology.
Why are traders shifting focus to DeepSnitch AI?
As investors wait for the BlockDAG launch, many are turning to DeepSnitch AI due to its more realistic funding goal of around $5M and an AI-powered analytics presale that raised over $429K in Stage 2.
Disclaimer: This media platform provides the content of this article on an "as-is" basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.
This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
