Magic Eden announces buyback program. Polygon partners with Mastercard. DeepSnitch AI network is live, and the price surged 58%. 

While the market remains volatile, investors have preferred to invest in models that offer greater security and potential for appreciation. And the investment of the moment is presales. Of the many available today, DeepSnitch AI seems the most promising.

This artificial intelligence project is no longer just a promise; now that its network is live, it proves it has a real product. The presale is still in its early stages, but it has already raised over $555,000, and the price has surged 58% in record time, with many investors speculating that DeepSnitch AI has 100x potential.

Bitcoin short-term holders sold at a loss, which typically marks the local bottom

Almost all investors who bought Bitcoin in the last 150 days are now at a loss, according to data from Glassnode. As the chart shows, the orange line (supply in profit) has fallen to extreme levels, similar to those seen during the FTX collapse in 2022.

In the last 30 days, more than $18 billion in BTC has been moved at a loss, marking a scenario of extreme pessimism and creating significant selling pressure. This pressure also resembles what we saw during the FTX collapse.

This means that impatient investors and short-term traders (or those who bought in euphoria) have already given up and sold their holdings, accepting the loss. Now that this “impatient money” is gone, the market usually “cleans up” and manages to create a bottom, forming new support, and then initiating accumulation for the next upward movement.

DeepSnitch AI: 100x potential in an artificial intelligence project

DeepSnitch AI hype is spreading online after launching its network. What was once just a project with a promise has now become a project with a real product. Users can already test and see that with this technology, DeepSnitch AI has 100x the potential.

It will bring five AI agents that can monitor several on-chain assets, like trending coins, market news, new token launches, whale wallets, insider transactions, and more. All this information will be gathered and sent to users in real time. So, traders will have access to the best information to analyze and make better decisions about buying, selling, or holding.

DeepSnitch AI will provide insights and information about the market that can help traders make more money or protect their portfolio. This technology makes DSNT’s growth outlook very promising. Investors have already realized this, and that’s why the presale’s numbers keep rising, now raised over $555,000.

This is an AI project, embedded in a sector expected to grow 25x by 2030. Considering that the presale is still in its early stages, and today you can buy the token at $0.02381, it’s possible to imagine it rising 100x in the long run. This would make DeepSnitch AI price prediction hit $2 at some point in the future, which could be quite conservative considering other AI tokens like ICP trade around $5.

Polygon (POL) has partnered with Mastercard

Polygon (POL) announced on November 18th a new partnership with Mastercard to expand the “Mastercard Crypto Credential” program. The idea is that instead of users needing to use traditional crypto wallet addresses (giant 42-character addresses), they can use a verified username like “yourname.mastercard”.

The username will be 100% verified by KYC and resolve a major barrier to mass crypto adoption. Using wallets, or sending/receiving crypto using 42-character addresses, is sometimes confusing, or can make it easier to fall victim to scams, where a single character error can lead to losing all the money in the transaction.

The news caused the token’s price to rise by almost 10%, but given the current market conditions, POL is still down 9% in November. However, a partnership like this makes the POL token promising for the coming months.

Magic Eden (ME) announces automated buyback program

Magic Eden (the largest multi-chain NFT marketplace) has announced a new program to facilitate buybacks of ME tokens and NFTs listed on the platform. A total of 30% of all secondary market revenue will be used for the program.

The split will be 15% for buybacks and burning of the Magic Eden (ME) token itself. The other 15% will be used to purchase NFTs listed on the market, but the idea is that they will not be burned; they will be stored in a public on-chain vault called “Garden of Eden”.

Despite the token falling 7% in November, the community reacted positively, praising the initiative. The idea could be very successful, since the more volume Magic Eden has, the more fees will be generated and the more buy pressure on the ME token, making this crypto promising in the long term.

Conclusion

In a highly volatile market, presales like DeepSnitch AI can be a way to protect a portfolio by diversifying into an asset whose price is still low but has greater upside.

It is an artificial intelligence project with a real product, a serious team, and a presale whose numbers are rising quickly. Investors speculate that DeepSnitch AI price prediction could be $2 in the long term, making DeepSnitch AI the next AI token with 100x potential.