BMNR buys $820m in Ethereum
BMNR’s shares went up by 4% after the news, alongside weekend gains all around the crypto market, showing a positive market response to the news.
The firm said its crypto and cash reserves total $13.4 billion, including $456 million in cash, 192 BTC tokens, stakes in Eightco Holdings, and 2.83 million ETH tokens.
Many other digital asset treasuries have applied the same technique of raising funds to further accumulate crypto assets, a strategy first developed by MicroStrategy, which is the largest corporate BTC holder.
BMNR aims to own 5 % of the ETH’s supply and generate returns by staking the tokens, which could have a significant positive effect on Ethereum price predictions.
The news comes amid ETH’s announcement of its next major network upgrade, Fusaka, which is expected to lower blockchain usage costs and improve efficiency, and could have pushed BMNR to increase its ETH holdings.
If institutional investors are pouring more money into altcoins, this can only lift prices and push whales to look for the next crypto with the potential of turning a $1,000 investment into $1,000,000.
And many are finding this potential in DeepSnitch AI.
DeepSnitch AI: Uptober’s x1000 hidden gem
DeepSnitch AI provides users with five AI agents to keep track of the crypto market so they can be one step ahead of institutional investors.
Whales have access to information that no one else has. But not anymore. DeepSnitch AI compresses this lag by turning Web3 noise into actionable signals for traders.
This is DeepSnitch AI’s perfect storm. In the middle of Uptober, traders are hungry to find the next big thing in the AI market, which is expected to 25x by 2033.
AI is becoming the biggest mover of the global economy, which means sooner rather than later, AI coins will do the same in the crypto market.
Therefore, those who buy into DeepSnitch AI at the ground floor have a shot at the same kind of returns as those who invested in BTC in the early 2010s or those who jumped into DOGE in 2015.
And at just $0.01769, traders can still sneak into the first round of presale that is less than $20k away from hitting its $350k target.
Ethereum price prediction: Will the altcoin giant break the $5k mark?
As of October 6, ETH is trading at $4,695, more than a 4 % increase from the previous day. Ethereum is facing a critical resistance zone between $4,500 and $4,600.
If it breaks out, it could move towards the $5,000 mark before the end of the year, with some Ethereum price predictions indicating it could increase all the way to $5,139 by year’s end.
2026 predictions vary wildly, depending on adoption levels, updates, and macroeconomic conditions. If the stars align for ETH, it could shatter its ATH and increase all the way up to $8,928, with conservative predictions saying it could have an average price of $6,596, and bearish predictions forecasting that its price could stay around the same for most of 2026.
Could VeChain double its price?
VeChain is trading at $0.085 as of October 6. Forecasts indicate that by next year, VeChain could trade in a range between $0.10 and $0.15.
VeChain is currently facing support at the $0.082 line with resistance near $0.09. A breakout above the resistance line with an Uptober push could propel VeChain to the $0.15 mark before the year’s end.
VET’s bullish momentum relies on further collaboration with major companies and market adoption, which has led to some price uncertainty.
Conclusion
Ethereum’s price prediction is bullish and VeChain offers solid growth potential, but DeepSnitch AI’s combination of AI innovation and crypto trading utility positions it as Uptober’s next breakout star.
With the AI market projected to 25x in eight years and DeepSnitch AI selling at just $0.01769, early investors stand to gain the most once DeepSnitch AI hits the open market, with many betting on its price to x1000.
FAQ
Are AI coins the future of crypto?
With the AI market bound to 25x in eight years, and around half of crypto holders believing AI coins will outperform the rest of the crypto market this year, AI coins like DeepSnitch AI are uniquely positioned to grow exponentially.
Will ETH double its price?
Ethereum price predictions are consistently bullish for both 2025 and 2026, but it will depend on its ability to attract more institutional investors. In a bullish scenario, ETH could double its current price by 2026.
Is DeepSnitch AI a good investment?
While you should never put all your eggs in one basket, DeepSnitch AI belongs in the portfolio of any trader. Its AI utility means it could be the next x100 breakout of the crypto market.