With the U.S. Senate passing a funding package to reopen the government on November 12, the broader market is expecting ETF approvals to resume shortly. Over 130 cryptocurrency ETFs awaited approval from the SEC before the shutdown, and while this represents a significant backlog, some experts believe that the SEC can accelerate filings. Thus, there’s a possibility that multiple ETFs will launch very quickly.
The anticipation of the U.S. Government shutdown ending sparked hope in the community and inspired many to find the best crypto to buy now to capitalize on the potential pump. However, DeepSnitch AI, a new presale, also attracted serious attention after raising $525K and sparking 100x predictions. DeepSnitch AI is a utility-based project developing a sophisticated crypto analytics suite powered by five agents, promising to provide traders with actionable insights.
A Month of ETF Approvals?
The U.S. Senate passed the funding package on November 12, thus setting the stage for reopening the Government. Immediately, the questions surrounding ETF approvals emerged. Bloomberg reveals that over 130 cryptocurrency ETFs are slated for approval by the SEC after the approval process ground to a halt following the 40-day shutdown.
Although clearing this backlog might take a while, James Seyfart, Bloomberg Intelligence’s ETF analyst, believes that the SEC may accelerate filings, which could in turn lead to an uptick in ETF launches, the first of which could be the Canary Funds’ XRP Trust. A slew of ETF approvals could drastically improve crypto’s outlook in Q4, after a month of uncertainty following the October crash.
In fact, some experts, such as Markus Leving of XYO, believe that the government shutdown killed the momentum, which is expected to return as government operations resume. This is especially true for institutions that limited their exposure to crypto as the flow of capital slowed down. Even though not all ETFs may see the light of day in November, and it may take some time before liquidity starts flowing in, many traders are optimistic about the latest news. In the best-case scenario, the combination of ETF launches and the government shutdown ending could completely renew bullish prospects in crypto.
The hunt for the best crypto to buy now is picking up speed as purchasing the next crypto to 100x could yield massive returns if Q4 turns bullish.
Top Cryptocurrencies to Buy Today
DeepSnitch AI: Why Investors Believe in DSNT’s 100x Potential
DeepSnitch AI is a presale AI project that avoids the pitfalls of many early-stage ICOs that prioritize hype. Case in point, the project quickly raised $525K after it announced that its proposed network is fully operational despite the presale starting in late August.
The idea behind DeepSnitch AI is simple – creating an AI analytics suite that leverages five AI agents to recognize patterns in different areas of the crypto landscape. By casting a wide net, the suite can present actionable insights to traders, which will allow them to make more effective daily trades. For instance, the centralized dashboard will allow you to spot sentiment shifts early, track whale moves, anticipate FUD storms, avoid rug pulls, and gain access to fresh alpha news and developments.
These functions are handled by the first two agents, SnitchFeed and SnitchScan, which are operational and will be available to investors quite soon. In addition to raw utility, DeepSnitch AI has also garnered a massive following and generated noticeable hype due to its upside potential. Naturally, the fundamentals play a key role in the hype, but the project’s position in the AI sector as a set of tools for retail traders will allow it to expand beyond just the usual AI crowd, which consists mostly of developers.
As a result, early investors anticipate the DSNT token (currently priced at $0.02289) to go 100x after launch, meaning that even a small investment of $200 could grow to $20K. DeepSnitch AI is expected to launch by the end of January. Thus, DSNT can avoid some of the volatility, while also hitting the exchanges while traders are increasingly aping new tokens.
Cardano: Can ADA Push Past $1 in November?
According to CoinMarketCap, ADA’s small weekend rally lost steam, and the price settled in the $0.5500 territory. In the short term, analysts anticipate ADA to fall to the $0.5000 support line, which could attract buyers who could help ADA surge toward the 50-day SMA at $0.6000. If the momentum continues, the next target is $0.7500. However, if the price turns down from $0.5000, a breakdown is possible, which could push Cardano to a low $0.4000.
XRP: Is a Reversal for XRP Coming?
XRP traded in the $2.4 area on November 12, finally settling above its 20-day EMA, according to CoinMarketCap. Ripple is still one of the trending coins this week, despite failing to clear the $2.58. Yet, analysts believe that bulls could end the corrective phase by holding position above the downtrend line, which could start a push to $3.20. Alternatively, if the price turns down from the 20-day EMA, XRP could fall toward $2.06.
Conclusion: Prepare for the ETF Era
A series of consecutive ETF approvals could drastically strengthen confidence in the crypto market and attract much-needed liquidity. This is why it’s no surprise that traders are looking for the best crypto to buy now to grow their earnings once the market fully recovers.
ADA is a solid option, and so is XRP (especially because XRP ETF approvals may arrive soon); however, for a maximum upside, a presale like DeepSnitch could be a much better pick. With many 100x predictions in the book, bulletproof AI utility, and an affordable $0.02289 entry, DSNT may turn out to be the top ticker in the new ETF era.
Check out the DeepSnitch AI presale now and hit the big time in Q4 and beyond.
FAQs:
1. What is the best crypto to buy now?
DeepSnitch AI is emerging as one of the best cryptos to buy in November, due to its combination of AI-powered analytics and early-stage affordability with 100x growth potential.
2. How could ETF approvals impact the crypto market?
Over 130 ETFs awaiting approval could unlock massive institutional inflows, increasing liquidity and confidence across altcoins, which could potentially spark a strong Q4 rally.
3. Why are investors choosing DeepSnitch AI over established coins like ADA or XRP?
While ADA and XRP are solid coins to hold, DeepSnitch AI offers early entry and strong fundamentals. Its live AI agents can detect sentiment shifts, whale movements, providing traders with an edge in trades.