Regulatory Clarity for Cryptocurrency Trading
The primary US banking regulatory body has issued guidance allowing national banks to intermediate cryptocurrency trades without the necessity of holding these digital assets on their balance sheets. This significant development paves the way for traditional financial institutions to offer fully regulated cryptocurrency brokerage services.
This regulatory stride coincides with a broader positive movement in the cryptocurrency market. The Solana price prediction, for instance, has sparked hopes of recovery as the coin began surging towards the $140 mark on December 9. Complementing this, other altcoins are also demonstrating solid performance, a trend that extends to presale projects. DeepSnitch AI, in particular, has achieved significant funding, reaching $730,000 and moving closer to its $1 million milestone.
The increasing investment in projects like DeepSnitch AI aligns with its recent deployment of three AI agents from its analytics suite. This occurred ahead of the anticipated January launch, fueling numerous predictions of 100x returns for its DSNT token.
Details of the OCC's Interpretive Letter
On December 9, the US Office of the Comptroller of the Currency released an interpretive letter that grants national banks the authority to intermediate crypto trades without directly holding the underlying assets. This means national banks can act as principals in a trade by entering into an offsetting trade with another party, a model that mirrors how riskless principal activity functions in traditional financial markets.
Consequently, customers will now have the ability to transact cryptocurrencies through regulated banking channels, enabling financial institutions to effectively serve as brokerages. Banks are mandated to verify the legal permissibility of all crypto transactions, ensuring compliance with their chartered powers. Furthermore, they must establish and maintain robust procedures for monitoring market, compliance, and operational risks associated with these activities.
In parallel, the broader cryptocurrency market has begun its anticipated recovery after a period of underperformance. Beyond the bullish signals indicated by the Solana price prediction, early-stage projects are experiencing a surge in activity, partly driven by their substantial upside potential.
Promising Cryptocurrencies for Investment
DeepSnitch AI: Strategic Timing for DSNT Acquisition
The presale for DeepSnitch AI, which commenced in late August, has cultivated a dedicated investor base eager to experience the project's core offerings. A significant upswing occurred in early December, following development updates that generated considerable excitement and predictions of 100x gains, propelling the project's funding to $730,000.
DeepSnitch AI leverages five AI agents designed to assist users in identifying FUD storms, sentiment shifts, whale wallet movements, and other actionable market insights. The development team intends to grant early investors exclusive access to these primary functionalities, having recently announced that three agents are fully operational within a central intelligence layer.
DeepSnitch AI is frequently cited as a project with significant growth potential. Compared to established cryptocurrencies like Solana, it offers a greater capacity for explosive short-term gains, even if the Solana price prediction turns bullish, particularly for smaller investment amounts.
With a current price of $0.02735, an investment in DSNT could potentially yield $50,000 from a modest $500 investment, should the 100x predictions materialize. DeepSnitch AI is slated for launch in January, and while not officially confirmed, traders anticipate the token's listing on exchanges such as MEXC and ByBit.
Solana Price Prediction: Path to $160 and Beyond
According to CoinMarketCap data, SOL tested the $140 level on December 9. Despite an improvement in SOL investor sentiment, selling pressure persists, with analysts noting that SOL requires trading volumes approaching $10 billion to achieve more confident price movements.
For a sustained bullish long-term outlook, Solana needs to reach the $160 mark to reverse the current downtrend, followed by a potential surge towards $200. While the Solana price prediction presents positive aspects, it is important to acknowledge that the momentum within the Solana ecosystem is showing signs of slowing, particularly as the meme coin sector continues its decline.
Ethereum: Potential for a Historic Rally
Ethereum was trading in the $3.3K range on December 9, as reported by CoinMarketCap. While ETH showed solid performance in early December, a significant factor contributing to potential future gains is the decrease in Ether supply held on centralized exchanges to a decade-low. This scarcity could drive a substantial rally.
Analysts suggest that Ethereum could reclaim the $5.5K level, retesting its all-time high and entering price discovery with a significant 60% upward move. Some traders are even more optimistic, forecasting a 200% pump, potentially reaching $10,000.
Conclusion: Anticipating Market Surges
The Solana price prediction indicates a bullish trend, prompting many traders to prepare for new investments. While established cryptocurrencies can offer substantial returns, DeepSnitch AI, currently in its presale phase, is positioned for significant growth in the coming year. The prevalent narrative of 100x returns is bolstered by the project's utility, rapid development, and its strategic positioning as an AI token with broad market appeal.
Acquiring DSNT tokens before January 1 offers additional value. The DSNTVIP50 code provides a 50% bonus on purchases exceeding $2,000, while the DSNTVIP100 code unlocks a 100% bonus for investments of $5,000 or more. Investors are encouraged to participate in the DeepSnitch AI presale promptly to capitalize on these opportunities.
Frequently Asked Questions
Is the Solana price prediction currently bullish?
SOL is exhibiting early signs of strength after testing the $140 level, but a sustained upward trend requires a breakout above $160.
What is driving the interest in DeepSnitch AI?
The presale surged to $730,000 following the early release of three AI agents, which has increased investor confidence and fueled 100x return predictions.
Will the new regulatory stance on crypto trading impact SOL?
Increased institutional access to the cryptocurrency market facilitated by regulated banks could enhance liquidity and positively influence major assets like Solana.