XRP Price Prediction: Polygon Co-Founder Slams Ethereum Foundation While DeepSnitch AI Presale Sparks Rumors of a Moonshot
On October 20, Sandeep Nailwal, Polygon co-founder, openly criticized the Ethereum Foundation on X. The post suggests that Naiwal contributed to the Ethereum Ecosystem for years without receiving any support from the Foundation or the community.
The criticism was posted a day after the former dev Péter Szilágyi published a full letter he sent in May 2024 to the network’s leadership, which revealed that a small circle controls the entire ecosystem.
As the Ethereum Foundation drama intensified, XRP price prediction took a bullish turn after updates on the XRP treasury. Traders believe this is a bullish time for both lower-priced coins and early-stage presales, citing DeepSnitch AI’s rapid progress after it raised over $450K in the second stage.
The project has already captured the massive attention of the community owing to its development of an AI analytics suite and fusion of meme culture.
Ethereum Foundation mismanagement allegations
Sandeep Nailwal, co-founder of Polygon, publicly vented his frustration with the Ethereum Foundation, claiming that he contributed heavily for years without receiving support from the Foundation or the wider ETH community.
Nailwal revealed he started questioning his loyalty toward the network despite being a contributor to building the infrastructure that not only scaled the network but also hosted successful dApps, including Polymarket.
Moreover, the Polygon co-founder states the company never received support from the foundation, despite maintaining loyalty that may have cost Polygon billions of dollars.
A day earlier, Péter Szilágyi, a former Geth developer, published his scathing May 2024 letter to the Ethereum leadership. Szilágyi presents the idea that ETH is ruled by a small cabal of people, where new projects rely on the same group of people for advisorships and initial investment.
Moreover, the dev claims he earned little over $600K despite managing ETH’s primary execution client for years.
The letter basically reveals that despite talks of centralization, the network revolves around a small group of individuals who are in charge of everything, including launching new projects.
Szilágyi said, “You find the same exact people behind all the new projects launching, each project directly playing into each other’s hands. He continued, “… if you zoom out enough, you will also find the same VCs on the outside.“
Although it’s impossible to tell how these criticisms will affect the network, the wider market is generally switching to self-sustaining projects and presales, independent of the Ethereum Network.
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DeepSnitch AI: An AI project with mass appeal
The AI sector may not be as fast as meme coins, but most projects within it reach some level of success due to the utility. DeepSnitch AI is an interesting case that combines cutting-edge AI functionality while also being meme-friendly, meaning it has the potential to bridge these two drastically different categories.
DeepSnitch AI is presenting a full AI analytics suite tailor-built for providing actionable trading insights. Running on five autonomous agents, the suite will compile readable on-chain and off-chain data in a simple yet powerful dashboard.
From spotting sentiment shifts, finding alpha news, runners, and tracking whale wallets, to warning of rug pulls and FUD storms, DeepSnitch AI aims to become the only trading tool required for making accurate and safe trades.
When it comes to targeting the meme sector, DeepSnitch AI will design each of the five agents as a recognizable meme character, and the project has reserved 30% of the token supply for marketing. This drastically extends the draw and could help the project reach virality.
Early investors have recognized DeepSnitch AI’s appeal and believe that it could achieve an easy 100x after launch. To put this into perspective, investing $500 while the price $0.01953 could yield $50K if the project achieves the projected level of success.
Although established cheap coins like XRP may be solid long-term holds, to get the same profits, you’d have to invest over $16K at the price of $2.50 and wait for the coin to pump to $10.
DeepSnitch AI has already raised $450K in its second stage, indicating that the presale is close to reaching a boiling point.
XRP price prediction: Can XRP institutional adoption help the coin surge?
According to CoinMarketCap, XRP traded in the $2.50 area on October 21.
Analysts point out that XRP was in an oversold position, with a noticeable weekly decline. This indicates the coin is close to bottoming out, which could spark a huge rally as investors enter at the dip. If this happens, XRP will surge past $3 in November.
XRP’s long-term outlook is bullish, with many holding on to the belief that XRP will close the year in the $5 area.
It’s also worth mentioning that Ripple intends to raise over $1B for a dedicated XRP treasury, which, if successful, could position the coin for an astronomical breakout.
Furthermore, XRP is anticipating the launch of multiple XRP ETFs, which could also affect XRP’s future value outlook.
Solana price prediction: Will SOL break out above $200 this week?
Solana traded in the $190 area on October 21, eyeing the crucial $200 level, according to CoinMarketCap.
Analysts are confident SOL will enter full-on recovery mode soon. If bulls maintain pressure and close the price above the 20-day EMA of $201, the selling pressure will ease, and SOL could surge to the next resistance line.
The realistic short-term target is $238, which, if conquered, may push the coin as high as $260.
However, if SOL fails to break above $201, there’s a high chance that SOL could enter freefall, settling in the low $155 area.
Final words
Retail traders aren’t concerned with drama and are simply looking for stable gains.
Fortunately, the XRP price prediction and the forecast for SOL lean bullish. While these two coins are solid holds for Q4, if you’re looking for a higher upside, then DeepSnitch AI is worth looking at.
As an early-stage presale with bulletproof fundamentals and a healthy amount of hype, the coin is projected to go 100x after launch. This means that investing pocket change could yield massive returns, which isn’t something you want to miss.
Take part in the DeepSnitch AI presale to reserve your tokens.
FAQs
What caused the latest Ethereum Foundation controversy?
Polygon co-founder Sandeep Nailwal criticized the Ethereum Foundation for a lack of support despite his years of contribution. Meanwhile, former dev Péter Szilágyi also accused the foundation of being controlled by a small group of insiders, raising centralization concerns.
What is the current XRP price prediction for 2025?
XRP traded around $2.50 on October 21, with analysts predicting a surge past $3 in November. Long-term projections suggest XRP could reach $5 by the end of the year, especially with Ripple’s plans for a $1B XRP treasury.
Why are investors comparing XRP with DeepSnitch AI?
While XRP remains a long-term institutional play, DeepSnitch AI has become a top presale pick due to its AI analytics suite and meme-friendly branding. With over $450K raised, investors speculate it could achieve 100x returns after listing.
Disclaimer:
This press release is for informational purposes only and does not constitute financial, investment, or trading advice. Cryptocurrency investments are highly speculative and carry the risk of total loss. Price predictions, projections, and statements about potential returns are speculative and should not be considered guarantees. Readers should perform their own research and consult a licensed financial advisor before making any investment decisions.