Political Maneuvering and Market Reaction
US President Donald Trump has defended his decision to pardon Binance co-founder Changpeng “CZ” Zhao, characterizing the ensuing backlash as politically motivated. This action has injected fresh volatility and intrigue into the cryptocurrency market, influencing sentiment and projections for assets like Shiba Inu.
Amidst this market noise, the project DeepSnitch AI is gaining traction due to its perceived clear value. Its presale has surpassed $492,000, with the token currently priced at $0.02157, representing a 42% gain for early investors amidst increasing demand.
Trump's Defense of the Pardon
In a recent interview with CBS News, President Donald Trump reiterated that he has no personal connection to Changpeng “CZ” Zhao, despite granting him a presidential pardon in late October. Trump stated during the interview, "I don’t know who he is." He further elaborated that supporters had informed him that Zhao’s prosecution was a "Biden witch hunt" and that the former Binance CEO was "not guilty of anything."
The pardon has faced significant scrutiny due to allegations of conflicts of interest, particularly concerning Binance’s reported links to Trump-affiliated crypto ventures. When questioned about claims that Binance facilitated a $2 billion stablecoin purchase tied to World Liberty Financial (WLFI) prior to the pardon, Trump dismissed the allegation. His defense centers on the assertion that Zhao’s 2023 conviction for money laundering violations was the result of a politically motivated prosecution.
Market Sentiment and the Search for Utility
The political developments are casting a shadow over the forecast for assets like Shiba Inu, as investors increasingly seek out projects with tangible utility.
DeepSnitch AI: A Promising AI Utility Project
The DeepSnitch AI presale has experienced significant demand, surpassing the $500,000 milestone. This project is positioned as a "picks-and-shovels" play within the broader AI-crypto boom. While many investors are speculating on which AI projects will succeed, DeepSnitch AI is focusing on building essential tools for traders in the current market.
DeepSnitch AI offers an AI suite designed to provide retail traders with a competitive edge. Its proprietary "AI snitches" form a network of agents designed to address critical pain points in the crypto space. The AI scam filter, for example, scans contracts and wallets for potential red flags before a user makes a purchase, aiming to protect traders from rug pulls that are common in bull markets. This feature is intended to ensure demand for the utility regardless of market cycles.
The project also aims to address the persistent challenge of the gap between large institutional players ("whales") and retail investors. By leveraging advanced algorithms, DeepSnitch AI seeks to translate on-chain data and social sentiment into actionable signals for everyday traders.
With recent interest rate adjustments boosting risk appetite, investors are shifting their focus from speculative hype to value-based opportunities. An audited, stakeable, and low-entry presale like DeepSnitch AI aligns with this trend. As November marks a historically strong period for the market, potentially leading to a "Santa rally," the current setup suggests a favorable environment for DeepSnitch AI's (DSNT) future performance.
Shiba Inu Price Prediction and Market Update
The outlook for the Shiba Inu price is currently influenced by a mix of fundamental progress and weaker technical performance. In a significant development, SHIB was recently included in the FTSE Grayscale Crypto Sectors Framework, a move that could enhance its mainstream recognition and appeal to traditional investors seeking exposure to recognized digital assets.
Despite this positive fundamental news, market sentiment remains cautious. SHIB has experienced a 10% decline over the past week, underperforming the broader crypto market. The Fear & Greed Index is currently at 30 ("Fear"), and the token continues to trade below both its 50-day and 200-day moving averages, indicating sustained bearish pressure.
Looking ahead, projections suggest a potential 15% rise for Shiba Inu in 2025. However, this forecast implies that its most explosive rallies may be in the past. While SHIB has solidified its long-term legitimacy, the era of massive, exponential gains appears to have concluded.
Internet Computer (ICP) Market Update
Internet Computer (ICP) has been a strong performer in the market, rising 20% over the past week and significantly outperforming most major cryptocurrencies. This surge has pushed its 14-day Relative Strength Index (RSI) to 65.50, signaling strong buying momentum that is approaching overbought territory. Despite this rally, overall market sentiment for ICP remains Neutral, suggesting that the upward movement may be stabilizing as traders consolidate their positions.
While the short-term trend for ICP is impressive, the long-term outlook is more moderate. Forecasts indicate a potential 7% rise by December, suggesting a pattern of steady growth. ICP's substantial market capitalization provides stability but also limits its potential for rapid, significant upside.
Conclusion
The market is demonstrating underlying strength as it enters a historically bullish period of the year. While established cryptocurrencies like Shiba Inu and Internet Computer continue to offer steady growth potential, their most significant past rallies may not be replicated. The current opportunities for substantial upside appear to lie in projects like DeepSnitch AI.
DeepSnitch AI has already raised over $492,000, driven by its "picks-and-shovels" AI utility designed for traders seeking lasting value rather than fleeting hype. With its comprehensive suite of tools, demonstrated progress, and accelerating presale, DeepSnitch AI is well-positioned for the upcoming Santa rally and for investors looking to enter early before a potential major upward movement.
Frequently Asked Questions (FAQs)
How does the Trump/CZ news impact the Shiba Inu price prediction?
Political news, such as the CZ pardon, introduces market uncertainty. For assets like SHIB, which are influenced by sentiment, this can lead to increased volatility and potentially impact its price prediction.
What are DeepSnitch AI snitches?
DeepSnitch AI snitches are AI tools designed to help investors gain an advantage in the market. These tools, some of which are still in development, include SnitchFeed, SnitchScan, SnitchGPT, AuditSnitch, and SnitchCast.
What is the long-term SHIB forecast based on the Grayscale news?
Inclusion in the FTSE Grayscale framework is a positive long-term indicator for the SHIB forecast. It enhances the asset's legitimacy and visibility to institutional investors, potentially providing a stable foundation for the Shiba Inu price beyond 2025, even if its short-term chart shows bearish trends.
What is a "picks-and-shovels" play, and how does it relate to the SHIB coin prediction?
A "picks-and-shovels" project, such as the tools offered by DeepSnitch AI, represents an investment in the underlying technology that is essential for a growth sector. This is often considered a more secure and sustainable investment compared to a single asset like the SHIB coin, which relies more heavily on market sentiment and hype.
Why is DeepSnitch AI's "bear-proof" utility important for investors?
DeepSnitch AI's "bear-proof" utility, exemplified by its scam filter, is crucial because it ensures sustained demand for the project even during market downturns, offering a degree of resilience.