After a week of subpar performance, Bitcoin could be forming a short-term bottom, which, according to analysts, may indicate that the conditions for a relief rally are forming.
If true, the relief rally could propel Bitcoin back past the $100K psychological level.
As the fear and panic subsided, traders switched to high upside opportunities, and in addition to looking for fresh BlockDAG news, they inquired about earlier-stage presales, such as DeepSnitch AI.
With a utility-centric approach and focus on providing retail traders with an AI prediction and analytics suite, DeepSnitch AI’s 100x narrative may have been confirmed by a recent surge past $625K.
Is Bitcoin back?
According to Mister Crypto, BTC’s short-term structure is stable, citing new long positions by large investors.
Moreover, Bitcoin’s technical signals have moved into bullish territory. In particular, a weekly RSI approaching 30 could indicate that Bitcoin has reached a bottom.
Mister Crypto maintained a realistic attitude, clarifying that this may not indicate a massive bull run, but at least it could point to a more confident reversal.
Yet, the macro conditions might restore bullish sentiments, as expectations surrounding quantitative tightening could be over. On top of that, the FOMC meeting is also approaching, which could provide a boost to risk assets.
Meanwhile, investors are still keeping an eye on BlockDAG news as they’re looking to increase their exposure to new crypto projects that may not be subject to short-term volatility.
Trending presales in early December)
1. DeepSnitch AI: Why is DSNT the fastest-growing presale token?
Despite its early-stage presale status, DeepSnitch AI quickly rose through the ranks, amassing over $625K in its second stage.
The key selling point is the prediction and analytics suite that uses AI agent technology to provide traders with actionable insights such as predicting sentiment shifts and FUD storms, tracking whale wallets, and most importantly, scanning tokens for rug pull risks and upside potential.
Instead of focusing on hype, the team behind the project chose to deliver a working solution ahead of its January launch. Thus, the core live agents are already operational in an intelligence layer and will be made available to early investors.
With a price of $0.02477, the DSNT token also presents a sizable upside potential, primarily due to the combo of robust fundamentals and mass appeal in the AI market. In fact, most members of the community expect the coin to go 100x after launch, citing the success of other AI projects such as FET or RENDER.
DeepSnitch AI is launching in January, which could further strengthen the bullish narrative as the launch date may coincide with a period when appetite for risk assets is at its peak.
2. BlockDAG: Can the latest BlockDAG news restore investor confidence?
Considering that the project raised upwards of $430M, BlockDAG community growth is indicative of the interest in the new DAG-based EVM L1.
Promising to provide unprecedented scalability and blistering speed without making sacrifices to security is certainly a revolutionary concept.
The latest BlockDAG news includes the new February launch date (which most of the community is unconvinced by) and some noteworthy tech BlockDAG presale updates.
While deployment of the sync-aware relay service across nodes is certainly exciting, the investor confidence in the project was shaken by a series of delays and unfortunate prioritization of amassing funds instead of focusing on community building.
3. Bitcoin Hyper review: When is HYPER releasing?
Bitcoin Hyper is a project that proposes the concept of an L2 that will run parallel with the base Bitcoin network and integrate the Solana Virtual Machine. The goal is to bump up the transaction speeds, lower costs, and provide an easy method of migrating Solana apps onto the Bitcoin chain.
The momentum is certainly there as HYPER raised over $20M, but just as the BlockDAG news is underwhelming, Bitcoin Hyper still hasn’t shared any tangible development updates.
Yet, while the rumored Q4 launch seems unrealistic at this point, Bitcoin Hyper has serious potential if you’re willing to overlook slow development.
Final words: Hit it big in the relief era
With Bitcoin’s relief rally becoming a possibility in Q4, some of the hype is likely to spill over into altcoins and early-stage presales.
Although BlockDAG news hints at a launch date, DeepSnitch AI may present a better presale opportunity due to its January release, developmental progress, and retail-centric appeal.
With the community still sticking to the 100x predictions, and the presale surging past $625K, the bullish narrative may actually have more to it than just sheer speculation.
Hit it big in the relief era by taking part in the DeepSnitch AI presale, and check out the latest community updates via X and Telegram.
FAQs
1. What is the latest BlockDAG news?
Recent BlockDAG news includes another delay pushing the launch to February, deployment of the sync-aware relay service, and rising concerns about the project prioritizing fundraising over development.
2. Why are investors choosing DeepSnitch AI over BlockDAG?
Although BlockDAG has strong potential, uncertainty caused many traders to diversify into earlier-stage presales like DeepSnitch AI, which already raised $625K and delivered working AI agents.
3. Will the Bitcoin relief rally benefit presales?
If Bitcoin triggers a relief rally in Q4, risk appetite across altcoins and presales could increase, potentially spilling over into interest for DeepSnitch AI and other presales.
