Best Crypto To Buy Now: Bitcoin Loses Major Momentum, DeepSnitch AI Presale Pumps to $450K
After making a substantial recovery above $110K, Bitcoin dipped to as low as $108K on October 21, souring investor sentiment.
Yet, although the rebound has failed, SpaceX moved over $200M worth of BTC into new wallets. Considering that SpaceX was dormant for a few months, the rapid shift sparked debates about whether a major rally is coming or if another crash might happen.
As the rest of the market slows down amidst investor caution, meme coins and presales are experiencing a boost in activity. For example, DeepSnitch AI, a presale project, raised over $448K in Stage 2.
The massive uptick in investments into this AI analytics suite aimed at regular traders already has the community believing it could be the best crypto to buy now for substantial Q4 gains.
Is a BTC breakout coming soon?
On October 21, Bitcoin dipped below $108K, followed by a rapid recovery above $113K, according to CoinMarketCap.
The downturn coincided with the event in which a wallet linked to SpaceX transferred $268M worth of Bitcoin into two separate addresses.
While this could be something as simple as wallet reorganization after a months-long hiatus, the move could lead to short-term volatility or position restarts as large transfers generally trigger caution for traders.
At press time, SpaceX held $626M worth of BTC.
The fast recovery from $107K to $110K followed by a rapid surge to $113K may indicate that a breakout is near. Analysts point out that BTC has struggled since mid-October, recording higher lows, which may indicate accumulation amid rapid price corrections.
Yet, considering that BTC held above $107K and led to a surge past $111K to $113. The next stop is $115K.
However, the rebound scenario may seem more realistic considering that the so-called insider wallet opened $255M in long positions for both BTC and ETH in anticipation of the Summit. It’s also worth mentioning the next Fed meeting scheduled for October 29, which could result in new cuts, thereby causing digital assets to surge.
In the meantime, traders are increasing their exposure to smaller coins. In addition to meme coins, which may allow traders to earn a quick buck, presales also attract massive attention due to their higher upside and resilience from short-term market volatility.
Top cryptocurrencies to buy today
DeepSnitch AI: Is DSNT the next crypto to 100x?
Despite being an early-stage presale, DeepSnitch AI may already be set for greatness, primarily on the merits of its utility. Although the hype is undeniable (the project raised $448K in the second stage), many traders are investing for an opportunity to try the solution early.
DeepSnitch AI is building a full AI analytics suite that will provide accurate trading insights by leveraging five AI agents. These agents are programmed to translate raw on-chain data into actionable signals that are accessible through a centralized dashboard.
For instance, traders will be able to track whale movements, follow sentiment shifts, access alpha news, and even discover breakout coins.
Additionally, DeepSnitch AI will also perform risk scans and even notify traders of rug pulls and incoming FUD storms.
Since it operates in the AI sector, DeepSnitch AI is well-positioned to attract audiences interested in the development of AI. However, the project also has a wide appeal, meaning it could attract massive numbers of retail traders looking to make safer and more effective trades.
DeepSnitch AI borrowed a few effective methods from the meme sector, primarily the 30% token allocation, which will help the project reach virality and mass adoption.
Due to these fundamentals, the DSNT token has the chance to go 100x after launching. If you invest $500 at the current price of $0.01953, if the 100x forecast comes true, then you’re looking at returns of $50K.
Such an ROI is generally hard to achieve (unless you pour in thousands) with most major coins that are higher-priced and have higher market caps.
DeepSnitch AI raised $450K in record time, and as the word of the project spreads, the investments will likely speed up. This means that the price of the token will also increase with the demand.
Hyperliquid: HYPE back at $50?
According to CoinMarketCap, Hyperliquid settled in the $36 zone on October 21.
Overall, this is positive as it shows that HYPE is in recovery mode after dipping under the key $35.50 support level a few days earlier.
Analysts point out that the current stability may indicate an imminent rally if HYPE closes above the 20-day EMA, set at $41.
If this happens, HYPE could realistically pump to $46. Once the wider market eases on the caution and the fear dies down, Hyperliquid may target $51 next.
While it may lack momentum, HYPE is stable above its $35.50 support, with analysts believing a sizable rally is possible. In fact, bulls may be able to push HYPE to its 20-day EMA in the $41 range.
Yet, a downturn is also possible. If the price drops under $35.50, HYPE may end up plummeting to $30 instead.
BNB: Is a new ATH in the books this week?
BNB traded in the $1.080 area on October 21, according to CoinMarketCap.
Despite losing some of its momentum that caused the coin to soar in October, traders generally still consider BNB one of the top cryptocurrencies to buy today.
Many analysts concur with this sentiment. Despite BNB likely seeing heavy resistance at the 20-day EMA ($1,135), bulls are expected to prevail and pump the coin to nearly $1.2K.
To support the next rally, BNB will have to rise to $1,239, which will allow bulls to retest the ATH of $1,375, and potentially push the coin even higher.
However, for this to happen, BNB must stay above the lower $1,021 support.
Conclusion
As major coins experience price swings due to wider political and economic factors, DeepSnitch AI is trucking on and attracting new investors every day.
Due to its powerful AI analytics suite, interesting marketing approach, and the overall upside potential, many are already hailing the project as the best crypto to buy now.
Despite the current snags, Q4 will likely remain bullish, meaning DSNT could enrich your portfolio and set you up for success once the market breaks out in astronomical rallies.
Check out the DeepSnitch AI presale now to reserve your bullish bag.
FAQs
Why is Bitcoin losing momentum?
Bitcoin dipped below $108K on October 21 after a large SpaceX-linked wallet transfer spooked traders. Although it quickly rebounded above $113K, investors brace for more price swings.
Why are investors calling DeepSnitch AI the best crypto to buy now?
DeepSnitch AI combines real trading utility with meme-level marketing appeal. Its AI-powered suite analyzes on-chain data using five smart agents that detect whale moves, FUD storms, and early gems. This could provide the project with a sizable upside potential.
Which other cryptocurrencies are worth watching?
BNB and Hyperliquid are both showing bullish signals. BNB is testing resistance near $1.1K, while HYPE could break past $41 if momentum continues. Still, early-stage presales like DeepSnitch AI offer much higher upside potential for Q4 gains.
Disclaimer:
This press release is for informational purposes only and does not constitute financial, investment, or trading advice. Cryptocurrency and digital asset investments are highly volatile and carry significant risk, including the potential loss of capital. Readers should conduct their own research and consult a licensed financial advisor before making any investment decisions. Past performance is not indicative of future results, and the information presented herein should not be relied upon as a guarantee of profits.