Next Crypto To Explode: DeepSnitch AI Presale Reports Massive Progress As Gold Crashes

Gold, an asset often considered the most trusted store of value, suffered a multi-trillion-dollar selloff in 24 hours on October 22. Approximately $2.5T was erased from the market value, sparking massive panic among investors.

Even though digital assets like Bitcoin are considered more volatile, the 8% decline of gold calls into question whether even assets considered safe are an effective hedge against inflation.

Meanwhile, as the crypto market keeps an eye on how this downturn will affect digital assets, altcoins, and presales are extending their wins, with DeepSnitch AI raising $450K in the second stage.

This early presale is hailed by its early investors as the next crypto to explode owing to its real-world use case, organic hype, and solid presale performance.

Why did gold crash?

On October 21, gold lost $2.5T market cap after massive selloffs. This represents an 8% decline and is the largest drop for the asset since 2013.

According to Alexander Stahel, a Swiss resources investor, the correction of such size is rare, pointing out that this could only happen once every 240K days. The likely reason for such an event is the FOMO caused by the excessive momentum among investors who rushed to increase their exposure to the asset.

Although it may seem catastrophic, Stahel anticipated the market to stabilize. 

In fact, the $2.5T market cap loss surpassed the entire market cap of Bitcoin, which was approximately $2.2T at the time of the crash. Analyst and trader Peter Brandt clarified that the relatively small 8% decline in gold is equal to over 50% of the valuation of all cryptocurrencies.

Meanwhile, the crypto market also experienced volatility in the same time frame, with BTC falling by over 5%. More precisely, the price slipped from $114K to around $108K on October 21. The losses extended into the next day, with Bitcoin falling to $107K after a slight correction, according to CoinMarketCap.

Granted, Bitcoin ETFs saw solid performance on the same day, but it didn’t help soothe traders, as the overall crypto market, which is leaning to ‘Extreme Fear’, according to CoinMarketCap’s Fear and Greed Index.

Overall, despite the short-term losses and bearish sentiments, the wider political and economic factors are generally unfavorable. This means that the momentum could be restored after the political turmoil dies down and the US government shutdown lifts. As such, traders are eyeing undervalued altcoins ready to surge to capitalize on the market recovery. 

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DeepSnitch AI: Why do traders believe DSNT is the crypto with 100x potential?

DeepSnitch AI raised over $450K in its second stage, riding on the coattails of 100x predictions. While this may seem overtly bullish, traders believe that the project is well-positioned to not only capitalize on the growth of the crypto AI market but could also extend its reach beyond just developers.

The project is developing an AI analytics suite that provides actionable trading analytics with five AI agents. These autonomous agents will scour tons of incomprehensible off-chain and on-chain data and turn them into actionable insights in a centralized dashboard.

DeepSnitch AI’s suite is expected to be comprehensive and will allow traders to spot sentiment shifts, discover alpha news and hidden gems, and track whales. Not all functions are centered on making more effective trades, as one of the AI agents also specializes in scanning tokens for rug pulls, risks, and will even notify users of FUD storms and insider moves. 

AI projects, despite being a masterclass in technology, may be limited in their appeal. However, the fact that the target audience for DeepSnitch AI is regular traders, there’s a possibility that the project could see mass adoption. 

What may help achieve this goal is the tokenomics aspect borrowed from the meme sector, wherein 30% of the token supply is reserved for marketing. This could help build hype, positioning DeepSnitch AI for virality.

Owing to these fundamentals and the buzz, DeepSnitch AI also has a sizable upside potential, which many believe could exceed 100x. If the project achieves this level of success, investing in the early stages could easily yield $50K at a smaller investment, such as $500. 

With $450K already raised at the low price of $0.01992, DeepSnitch AI will likely go hypersonic soon as the buzz picks up and whales rotate into the project.

Cardano: Is ADA ready for a breakout?

According to CoinMarketCap data, Cardano traded in the $0.6000 zone on October 22.  

Analysts have clarified that ADA’s recovery is unconvincing in the short term, as it has failed to reach the 20-day EMA level at $0.70. Naturally, this indicates a lack of buying demand, but ADA may still stage a comeback.

Bulls will have to push the price high above the 20-day EMA ($0.75 more precisely) to open up new targets near the downtrend line. 

Yet, the opposite could also happen. If bulls give up, the price could dip to $0.59 support line, followed by a spiral that will hit $0.50 and even close below $0.40 if bulls don’t regain control.

Dogecoin: Can the rumored BlackRock DOGE ETF cause a rally?

On October 22, DOGE dipped below $0.2000, according to CoinMarketCap. 

Although scary at first glance, Dogecoin may be ready to stage a breakout, at least according to some analysts. With strong support in the $0.17 and $0.19 areas, the poor performance could indicate that bulls have started quietly accumulating DOGE. 

Still, the original meme coin may end up in stock in this zone in the short term, with bulls waiting for a signal to start pumping. This may occur at the end of the month, after the Fed meeting, or if the rumor of BlackRock filing for a DOGE ETF turns out to be true. 

If any of these events occur, DOGE may surge to $0.23, the key resistance level, followed by a more substantial rally that could push the price even higher. 

Final words: Out with the old 

As gold tumbles, traders who prefer risky assets could rotate into crypto. Although ADA and DOGE are both expected to log solid results during Q4 and beyond, they may struggle to gain explosive momentum when compared to early-stage projects.

DeepSnitch AI is not only more affordable than both of these coins, but its fusion of AI and crypto trading analytics could prove to be a winning combination, allowing the project to reach “household name” status in the crypto community. 

With $450K raised, it’s only a matter of time before whales start throwing the big bucks into DeepSnitch AI, which isn’t something you want to miss out on. 

Join the DeepSnitch AI presale before whales make the price go parabolic. 

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FAQs

Why did gold crash by $2.5 trillion?

Gold’s $2.5T market cap loss on October 21 resulted from mass investor selloffs driven by excessive momentum and FOMO. Despite being seen as a safe asset, the event exposed gold’s vulnerability to herd behavior.

Why is DeepSnitch AI seen as the next crypto to explode?

DeepSnitch AI’s real-world AI utility, strong presale performance, and hype-driven marketing model have made it a standout among altcoins. Its five autonomous AI agents help traders detect market trends, track whale movements, and avoid rug pulls, leading to investors believing it could go 100x after launch.

How does DeepSnitch AI compare to established cryptos like Cardano or Dogecoin?

While ADA and DOGE are expected to recover in Q4, DeepSnitch AI offers higher upside thanks to its early presale stage and AI-driven innovation.