JPMorgan Chase, a prominent global investment banking giant, is reportedly considering allowing clients to use Bitcoin (BTC) and Ether (ETH) as collateral for loans. This potential move could signify a significant step forward for the institution and Wall Street's broader engagement with cryptocurrencies.
While institutional and corporate entry into the crypto space is generally viewed as bullish, there are indications that approximately $800 billion in capital has shifted from altcoins back into Bitcoin and corporate treasuries. Meanwhile, DeepSnitch AI has attracted $462,000 from investors in its second stage, as many retail traders are rotating into presales amid increased market volatility.
Investors are betting on DeepSnitch AI as a top crypto to buy now, citing its robust AI utility, organic reach, and early presale performance, a sentiment echoed by large language models like ChatGPT.
Institutional Strides in Crypto
According to Bloomberg, JPMorgan Chase may be planning to permit its clients to utilize BTC and ETH as collateral for loans. Sources familiar with the matter suggest that this new offering from the investment giant would enable its global clientele to borrow against their Bitcoin holdings.
Although this initiative has not yet been officially confirmed, it could signal a growing acceptance and integration of cryptocurrencies within traditional finance. Such a development would likely enhance the value proposition of leading crypto assets for institutional investors.
JPMorgan has previously expressed interest in crypto-collateralized loans, dating back to July. Around the same period, the bank also revealed significant interest in stablecoins. While this move could introduce substantial liquidity to the market, reports suggest that the realization of crypto collateral assets might not occur until 2026.
Despite these positive institutional developments, there are strong indications that capital flowing into Bitcoin and corporate treasuries might be hindering the growth of altcoins. Research from 10x Research suggests that corporate treasuries have attracted approximately $800 billion from the altcoin market.
This reallocation of capital could explain the underperformance of altcoins during the current cycle, prompting significant rotations back into Bitcoin. 10X Research further noted that a $19 billion market crash, coupled with a pivot to Bitcoin that began two weeks prior to October 11, further disrupted altcoins' momentum.
Nevertheless, traders are expected to continue investing in altcoins, partly due to Bitcoin's substantial price and market capitalization, which may limit the potential for explosive gains from small investments.
Top Cryptos to Buy Now, According to ChatGPT
DeepSnitch AI: ChatGPT Identifies Potential 100x Token
Having raised $462,000, DeepSnitch AI has been highlighted by ChatGPT among its top trending coins this week. Even in its second stage, the project is recognized for its real-world use case targeting retail traders, which could facilitate mass adoption.
DeepSnitch AI is developing an AI trading analytics suite that employs five specialized AI agents to deliver actionable insights via a single dashboard. These agents are designed to accurately identify sentiment shifts, discover trending assets, track whale wallets, and provide warnings about FUD (Fear, Uncertainty, Doubt) storms and rug pulls.
This comprehensive functionality positions DeepSnitch AI as a potentially invaluable tool for data-informed daily trading decisions.
Recognizing the importance of promotion, DeepSnitch AI has allocated 30% of its tokens for marketing efforts, aiming to build hype and accelerate investment growth.
Based on its strong fundamentals, traders believe DeepSnitch AI possesses the characteristics of a project capable of achieving a 100x return after its presale concludes. For instance, an investment of $500 at the current entry point of $0.01992 could potentially yield returns of $50,000.
While other low-priced coins like XRP may offer solid long-term investment opportunities, achieving such an asymmetrical return on investment is highly improbable without a substantial initial investment, such as $16,000, to reach a price target of $10, which is unlikely in the current cycle.
DeepSnitch AI is nearing a critical tipping point after raising $462,000, suggesting that large investors, or "whales," may soon begin rotating into the presale.
XRP: Can XRP Finish Q4 Above $3?
As of October 24, XRP was trading in the $2.5 range, according to CoinMarketCap.
While XRP appears to be on a trajectory to surpass $3, analysts caution that the 20-day Exponential Moving Average (EMA) of $2.52 presents a significant resistance zone where sellers are likely to intervene, potentially halting further price increases.
However, a sustained close above this level would indicate reduced selling pressure, potentially enabling XRP to move towards $2.69, followed by a possible surge above $3. Although it remains uncertain whether XRP will conclude the year at $3, growing institutional interest could provide the cryptocurrency with much-needed momentum.
Conversely, a fall below the 20-day EMA could lead to continued selling pressure from bears, potentially trapping XRP in a descending channel during the final week of October.
Solana: Solana’s Bullish Prospects
Solana's increasing institutional adoption has positively impacted its value, leading to a modest rally on October 23, pushing its price to $194, according to CoinMarketCap.
Analysts suggest that the daily chart may indicate an impending breakout, with momentum indicators positioned in bullish territory. Additionally, the Relative Strength Index (RSI) is bullish, which could lead to increased buying pressure.
However, the extent of this upward movement will ultimately depend on the broader market conditions. To confirm a full breakout, SOL would need to reach and sustain a price above $300, flipping this critical resistance level into support. If bulls maintain their momentum, a new price high for SOL could be established, with a potential target of $500.
Long-term prospects, while difficult to project amidst market volatility, remain bullish as Solana gains more institutional exposure. The long-term price outlook for SOL eyes an eventual target of $1,000.
Final Thoughts: Crypto's Institutional Era
As JPMorgan Chase expands its involvement in the crypto space, the market anticipates significant rallies once the political and economic landscape stabilizes.
However, it is likely that whales will be the primary beneficiaries of major coin pumps. Consequently, retail traders seeking asymmetrical upside potential have been adding DeepSnitch AI to their portfolios.
The combination of utility, hype, and a low entry point could lead to 100x returns, a feat that is considerably more challenging to achieve with established digital assets. After all, even AI consensus suggests it could be the best crypto to buy now, citing solid fundamentals, which justifies the current hype following the $462,000 raised.
Consider participating in the DeepSnitch AI presale to position yourself for potential Q4 success.
FAQs
1. Why is DeepSnitch AI considered the best crypto to buy now?
DeepSnitch AI combines strong fundamentals with practical AI utility and high upside potential. It successfully raised over $462,000 in its second stage by offering traders an AI-powered dashboard that tracks whale wallets, sentiment shifts, and early market movers.
2. How could JPMorgan’s BTC collateral plan impact the crypto market?
JPMorgan's potential move to allow BTC and ETH as collateral for loans could trigger substantial institutional liquidity inflows. This would strengthen Bitcoin's role in traditional finance and potentially boost altcoin adoption.
3. Why are retail investors rotating into presales like DeepSnitch AI?
With approximately $800 billion shifting into Bitcoin and corporate treasuries, altcoin liquidity has declined. Retail investors are consequently turning to presales like DeepSnitch AI in pursuit of higher asymmetrical upside potential.