On September 19, the crypto market consolidated despite the large amount of hype resulting from the Fed rate cuts on September 17.
On September 19, the crypto market consolidated despite the large amount of hype resulting from the Fed rate cuts on September 17.
After falling to $115K, traders were speculating whether Bitcoin could recover. Yet, experts argue that long-term prospects are bullish, with a strong possibility of a breakout toward $120K.
Meanwhile, BNB logged a solid performance throughout the entire day, with the long-term BNB price prediction indicating there’s a possibility of further pushes above $1K.
All in all, many traders are cautious about prospects surrounding major altcoins and are instead shifting their attention to smaller presales.
As a result, DeepSnitch AI raised $223K in record time as investors recognize not only a strong upside potential, but think it could be the next coin to turn $500 into $50k or more.
Although the momentum was strong after Fed rate cuts, the market didn’t explode into significant rallies because the markets likely priced in the cuts. Still, experts believe that the cuts were a positive catalyst for digital assets, which could set the stage for a larger rally later in Q4.
According to CoinMarketCap, Bitcoin initially shot to $117K on September 18, followed by a steady decline back into the $115.5K area on the following day.
This is a pattern spotted across the wider market, as assets such as ETH, XRP, and SOL dipped by a similar percentage in the same time frame.
However, the long-term outlook is still bullish, according to analysts. For instance, with Bitcoin, even though a pullback is possible, the breakout toward 120K might be a more likely scenario due to whale activity, positive policies, and high institutional activity.
If BTC traders defend the $114K-$116.5K support zone, it may strengthen the possibility of a further rally toward $119K and $120K at a later date.
Because of the uncertainty and the slow momentum of established coins (save for BNB), investors are showing increased interest in smaller projects and presales that may not have the same amount of volatility.
DeepSnitch AI is a presale focused on providing traders with AI trading analytics that raised a whopping $223K during the first stage.
The goal of the project is the development of five AI agents that specialize in a single area of crypto analytics and funnel the data into a central dashboard. This suite will offer a granular overview of multiple key aspects of trading.
In addition to tracking whales and bringing traders alpha news, DeepSnitch AI will also help traders discover contract risks, thereby helping them avoid costly rug pulls.
Early investors will gain exclusive access to the dashboard and five agents as they’re released, which may give extra incentive to participate early.
As mentioned, the presale has already attracted $223K, with the DSNT token priced at just $0.01667. Along with a wallet-friendly way to a full crypto analytics platform, the low price could increase the chances of a massive upside once the token launches.
If DSNT becomes the next breakout crypto, a small $5000 investment at the price of $0.01667 could transform into an easy $500K.
Plus, traders can stake DSNT to earn a passive income while also powering and securing the DeepSnitch AI network.
The result the presale has already achieved could be a sign that traders are recognizing the underlying power of the project’s utility and believing in its long-term viability. Participating in the DeepSnitch AI presale now can also help preserve the potential upside, as the price is set to increase as the presale progresses.
Due to an already solid position and technical factors, BNB quickly broke past the $1K mark and set a new ATH of $1,005 after the rate cuts were announced on September 17.
Although the price fell below the $1K level on September 19, according to CoinMarketCap, analysts still believe the BNB price prediction is bullish in the long term.
If bulls conquer the $1K resistance again, analysts anticipate the BNB rally to push the price to as high as $1,090. Yet, if bears prevail, the price could collapse to $855.
Some analysts predict that BNB may end up trading in the $1.2K-$2K range in Q4, citing BNB’s token burn strategy and utility inside Binance’s sprawling ecosystem.
Fed rate cuts did their magic for XRP, pushing it to $3.12 on September 18, according to CoinMarketCap.
Yet, XRP experienced a noticeable price correction, which brought the price below $3.
Although it seems grim, analysts are bullish as technical indicators demonstrate that a massive breakout could be in the books.
For the breakout to occur, bulls will have to apply pressure and reclaim the $3.65 zone and confidently flip it into support. This may lead to a rally that could go as high as $5, with the possibilities of XRP even approaching $10 at the end of Q4.
Ripple recently announced a partnership with DBS and Franklin Templeton, which is very bullish for XRP. Combined with future SEC approval of XRP ETFs, XRP may actually break out and set new ATHs.
Despite the correction across the crypto market, such a strong BNB price prediction indicates the sentiment is overwhelmingly bullish.
Still, while BNB, XRP, and other alts are set for a breakout, the biggest winners will be holders who bought in at a lot earlier. As such, regular retail traders would have to invest thousands of dollars to receive a massive ROI.
This might be the reason why DeepSnitch AI rapidly attracted $223K. Despite the utility, it’s simply too hard to deny that the price of $0.01667 is still relatively low enough to maximize the upside.
The community is growing fast, and since the price is set to increase, traders considering purchasing DSNT are already feeling FOMO.
Take part in the presale now via the official website.
Analysts suggest that if bulls reclaim the $1K resistance, BNB could surge to $1,090 or even $1.2K–$2K in Q4. A bearish scenario could push BNB down to $855.
New partnership announcements, Binance’s token burn strategy, and the broader utility likely helped protect BNB from market volatility.
While BNB offers steady long-term growth, DeepSnitch AI’s $0.01667 presale price may provide retail traders a chance at asymmetric returns, with potential for significant gains.
Disclaimer: Cryptocurrency investments are risky and highly volatile. This is not financial advice; always do your research. Our editors are not involved, and we do not take responsibility for any losses.