A whale who previously sold $4B worth of BTC dumped another $136M on September 15 as Bitcoin tested $116k resistance level.
As a result, Bitcoin swiftly fell back into the $115K area.
Despite this, BTC prediction remains bullish as the community eagerly awaits Fed rate cuts on September 17. This bullish sentiment isn’t limited to Bitcoin, as other major cryptocurrencies are experiencing smaller rallies, inspiring traders to seek out undervalued crypto coins to invest in before the potential bull run.
Thus, DeepSnitch AI is attracting massive attention from whales and retail traders, as over $205K was raised during the first stage. Due to its unique position as a utility-based AI project with meme appeal and the results achieved during the presale, some traders are already referring to it as the next 100x crypto.
Will Bitcoin struggle to break through?
After testing the $116K resistance level on September 15, BTC dipped back into the $114K-$115K area, after a Bitcoin whale sold off $136M worth of BTC.
According to Lookonchain, the transactions came from the same wallets associated with a whale who previously sold $4 billion of Bitcoin and rotated into Ethereum in August. The same whale still holds $5.43B worth of BTC spread over four different wallets.
The rotations are likely to have happened due to increased selling pressure as BTC struggled to keep a strong momentum near its ATH.
Yet, analysts are still bullish, claiming that another breakout above $115k may likely trigger a steady rally toward $120K. Moreover, analyst Mark Cullen said that BTC may touch $118K and hold above $115K as the market awaits the Fed rate cuts on September 17.
Because there’s a 94% chance of a 25 bps rate cut, some traders believe that the ensuing buzz could realistically propel Bitcoin over the $120K area.
However, BTC is not the only coin expected to pump after a positive Fed decision. Traders are also looking for top altcoins to invest in to diversify their portfolios and unlock a higher upside than what is possible with large digital assets like Bitcoin or Ethereum.
What could be the next 100x crypto?
DeepSnitch AI: Can this presale explode soon?
Despite being a stage-one presale project, DeepSnitch AI has already attracted a community that ardently believes it could be the next big thing in crypto.
DeepSnitch AI’s primary goal is to help traders. By developing a set of five sophisticated AI agents specializing in crypto analytics, users will be able to gain actionable insights from multiple areas of the crypto market.
With an AI-powered dashboard at its core, each agent will provide data on a different trading aspect. For instance, tracking whales, token screening, contract risks, alpha news, and on-chain analytics.
The interesting thing about DeepSnitch AI is the meme value. Although the five agents will bolster meme character design, the biggest similarity to meme projects is the tokenomics, where 30% of the token supply is allocated to marketing. This move will drive hype and significantly help the project’s visibility.
The price of the DSNT token itself is meme-friendly. At $0.01667, it’s low enough to attract most meme coin traders and could provide a sizable upside if the project succeeds.
Since it’s not uncommon for projects without utility to balloon by 100x. If DeepSnitch AI achieves the same, investing $100 at the current price of $0.01667 will yield almost $10K if DSNT becomes the next 100x crypto.
With $205K raised so quickly, many investors are jumping in to benefit from the current price, which is set to increase progressively throughout the entire presale. Because of the fusion of pure utility with engaging aspects of meme coin, the DeepSnitch AI presale may turn out to be the event during the coming bull run.
Sui: Will SUI regain momentum?
SUI made rounds in early August when Grayscale released two asset trusts for the Sui ecosystem. This caused a small rally, but it wasn’t enough to help the coin confidently break out.
According to CoinMarketCap, SUI broke the $3.40 area and reached $3.85 on September 13. However, the token made a sharp downward turn toward $3.40 on September 15 as bulls failed to flip the resistance.
Yet, this may not be as grim as it seems. According to analysts, the price is expected to make a downward shift, and if SUI rebounds again, it may restore an upward trajectory toward $4.18. At the same time, SUI may also fall to the $3.11 area, which will cut the bearish trend dead in its tracks.
Potential Fed rate cuts on September 17 may provide SUI with some extra momentum. According to one prediction, the coin may end Q4 in the $4.60 area, which may help support the rally above $5.
Dogecoin: Is a DOGE rally possible?
Although DOGE has been around for over a decade, the news of the 1B Dogecoin treasury helped restore some interest.
According to CoinMarketCap, when the treasury purchased 285M of DOGE, it made a significant breakout into the $0.2620 area on September 12. Despite reaching $0.30 the following day, the price descended back to around $0.2630.
Fed rate cuts combined with the DOGE treasury amassing more tokens, may restore the upward trend. According to analysts, Dogecoin could realistically reach $0.80 if the market remains bullish.
Conclusion: Shoot to the top
Despite whales dumping Bitcoin and most altcoins momentarily struggling, the market is likely to recover if the September 17 Fed rate cuts materialize.
While SUI and DOGE may pump during the expected bull run, they may not become the next 100x crypto, as their prices and market caps are relatively high.
However, DeepSnitch AI might have what it takes to provide traders with a massive upside. Because it’s priced at $0.01667 and actually aims to help traders through its AI analytics tools, the project managed to raise $205K in record time.
Visit DeepSnitch AI’s official website, and snag your DSNT bag before the next price increase.
FAQs
- What does “next 100x crypto” mean?
The phrase refers to cryptocurrencies that have the potential to increase in value by 100 times.
- Why does DeepSnitch AI have strong potential?
Because of its AI-powered utility, meme-style tokenomics, presale success, and the fact that traders believe the low price of $0.01667 could deliver a massive upside.
- Why are some whales dumping BTC?
The likely reason whales are rotating into altcoins is increased selling pressure caused by Bitcoin’s lack of momentum.
This article is not intended as financial advice. Educational purposes only.
