On 22 September, Bitcoin tested the $111K area and made a swift recovery above $112K, sparking concerns about the bull market coming to an end and leading traders to debate whether the so-called Uptober is underway.
Despite current technical indicators, many remain optimistic about Bitcoin’s price movements and anticipate a recovery and a massive rally in October. Still, the likely focus for investors looking to achieve substantial earnings will be altcoins and even new crypto presales.
Because DeepSnitch AI raised over $260K at $0.01701 during the first stage, traders are increasingly confident it may be one of the best crypto presales this season. Some are even anticipating this AI crypto project to balloon by 100x upon launch, citing its real-world use case and meme potential.
Is the bear market inching closer?
Bitcoin saw a sharp decline from the stable $115K area to $112K within a few hours on September 22, according to CoinMarketCap.
Although such a movement may indicate that the Uptober may not happen this year, traders are still bullish. According to Kyle Chassé, there’s a high probability of another Fed rate cut in October, at least when analyzing CME futures data.
Put differently, liquidity will likely flow into Bitcoin next month, which could usher in the awaited Uptober rally. Other analysts echo this sentiment, anticipating further dips in September followed by a bull run in October.
However, others disagree. For instance, Alphractal CEO Joao Wedson believes Bitcoin’s decline is a sign of cycle exhaustion. To substantiate this, Wedson put forth a SOPR Trend Signal that shows the profitability is declining.
In other words, Bitcoin currently doesn’t have as much profit potential, which may turn away retail and institutional investments. Wedson further points to a decreased social interest with many market makers selling portions of their BTC holdings and rotating into altcoins.
Ultimately, even if Bitcoin pumps in October, the profitability simply isn’t there, which could lead to altcoins reigning supreme, according to Wedson.
Promising presale tokens
1. DeepSnitch AI: Why do traders believe DSNT to be the next moonshot?
Starting in August, DeepSnitch AI presale quickly reached $260K during the first round, an early signal that this new AI project could be the next crypto to hit $1.
Put simply, DeepSnitch AI is an AI project heavily focused on utility and developing an analytics suite that traders can use for their daily trading. With planned five AI agents, all of which specialize in one aspect of crypto analytics, DeepSnitch AI aims to empower traders with actionable data.
Tracking whale wallets, scoping out contract risks, new runners, and finding alpha news will all be a few clicks or taps away in an AI-powered centralized dashboard.
To ensure the project spreads as quickly as possible, DeepSnitch AI also borrowed some powerful aspects from the meme sectors.
For example, the five AI agents will have a meme-character design to make them instantly recognizable, and more importantly, 30% of the token supply will be reserved for marketing to generate as much hype as possible.
Another huge draw is the affordability. Priced at $0.01701, if the token moonshots by 100x after launch, a $500 investment could turn into $50K. Since it’s an AI token with a strong meme draw, many traders believe this is actually possible.
Compare this to Bitcoin. To earn $50K from Bitcoin, traders would need to put down $25K and hope the current price of Bitcoin doubles to earn the same amount of money.
This interesting combination of meme culture, AI utility, and rapid presale progress has many traders FOMO-ing hard and rushing to invest in the DeepSnitch AI presale before the next price increase.
2. Bitcoin Hyper: Is it too late to invest in HYPER?
The idea behind Bitcoin Hyper is to modernize the Bitcoin network and speed up transactions. As a proposed L2, Bitcoin Hyper will integrate the Solana Virtual Machine in an effort to mimic Solana’s notable throughput to the base Bitcoin chain.
Although transactions will be settled on the base blockchain, the L2 will process all transactions off the main network. This will speed up transactions (an area where Bitcoin is lagging) while also maintaining the security that the Bitcoin network is known for.
Since it’s a later-stage presale, HYPER is currently priced at $0.012965, which might be too steep and potentially cap the gains for those who invest now. Ultimately, Bitcoin Hyper’s utility is undeniably strong. However, its success may rely too much on BTC’s price trajectory, which may turn off some investors.
3. Best Wallet Token: Can BEST succeed?
Best Wallet is a non-custodial wallet focused on streamlining the existing DeFi experience by introducing extras such as a staking aggregator, a cross-chain DEX, and a crypto debit card.
While advanced DeFi functionality is a fine addition, the wallet itself may be quite nifty as it will support more than 60 major blockchains, including Bitcoin, Cardano, Ethereum, and many more.
The BEST presale has reached over $15M and is currently priced at $0.025685. While the current price carries a larger upside potential than major altcoins, BEST may not be as explosive as early-stage presale projects.
Final verdict: High stakes for high gains
Most members of the crypto community believe the current downturn will only set the stage for a massive rally in October. Because Bitcoin is slowly losing steam, there’s also a high possibility that altcoins will be the talk of the season.
Yet, for ambitious traders, major altcoins simply don’t carry the same oomph as fresh presale projects.
Getting into DeepSnitch AI, or what many believe is the best crypto presale, at the ground floor could potentially net traders 100x ROI. Plus, the project’s position in the growing AI sector, meme potential, and the $0.01701 entry point make it very likely to succeed; no wonder investors are fighting tooth and nail to invest at the current price.
Visit the official website to join the presale today.
FAQs
1. What is the best crypto presale right now?
Plenty of traders are positive that DeepSnitch AI is one of the best crypto presales right now, citing its low entry price, AI-powered trading utility, and meme appeal.
2. How much can you make from a crypto presale like DeepSnitch AI?
If DeepSitch AI hits 100x after launch, a small $500 investment at $0.01667 could potentially turn into $50k.
3. Why choose presales over Solana or Bitcoin
While SOL and BTC could offer steady returns due to their popularity, crypto presales simply carry a higher upside potential due to smaller prices, market caps, and the community buzz.
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