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While Ethereum is pumping during the Uptober rally, sparking a bullish Ethereum price prediction, many traders are skeptical due to slow derivatives action.

This could be attributed to growing competition from other networks, such as BNB Chain and Solana, which caused Ethereum to lag in terms of active addresses and fees.

Either way, most other altcoins continue their recovery from the September slump, which includes AI tokens, meme coins, and presales.

DeepSnitch AI is booming due to its AI-driven analytics suite and the performance during the first stage of the presale, where it raised $300K in record time.

The combination of affordability, utility, and the position led traders to believe that DeepSnitch has clear 100x potential after launch, sparking massive amounts of FOMO for whales and retail traders.

Is Ethereum getting outphased?

As Uptober heats up, ETH monthly futures traded at 7% premium over the spot market, with the 10% neutral range compensating for extended settlement periods. Yet, this gauge is still bearish, and multiple ETH rallies in Q3 didn’t help restore the momentum.

Many traders believe that Ethereum is simply facing tough competition from the likes of Solana and BNB Chain, which has led Ethereum to leak fees and active addresses.

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Another likely contributor is the advent of synthetic perpetual futures trading, popularized by Hyperliquid. HyperEVM blockchains are actually gaining massive traction, as Aster, a noteworthy DEX, also plans on launching its own blockchain.

Moreover, Ethereum network fees shrunk by 30% during September, while also logging a 10% in overall transactions.

Still, Ethereum is an undisputed leader in the TVL, securing nearly $100B. While this is expected to continue in the foreseeable future, the network activity is steadily declining.

The ETH community is also turning bearish due to the likely approval of spot ETFs for other major altcoins by the SEC. This includes XRP, Solana, and Litecoin, which could technically harm Ethereum ETFs if the new options materialize.

Meanwhile, the overall Ethereum price prediction is still bullish despite the network’s pitfalls. As various crypto markets grow, including the AI sector, traders might look beyond Ethereum during Uptober and invest in altcoins that may offer a more positive ROI.

1. DeepSnitch AI: Can DSNT go parabolic as the crypto AI market grows?

AI coins are all the rage right now. In fact, the crypto AI sector is one of the fastest-growing parts of the overall market, expected to reach a market size of $2277M by 2034.

This is partially why DeepSnitch AI raised $300K in the first stage of the presale at a blistering pace. However, investors also believe that DeepSnitch AI could become the market leader due to the power and the mainstream appeal of its utility.

DeepSnitch is developing an advanced centralized crypto dashboard that uses five AI agents to crunch tons of on-chain data and turn it into actionable, easy-to-understand analytics and signals.

The solution will be able to detect market shifts and trader sentiment in real-time, even going as far as to spot hidden whale moves. Moreover, the AI-driven live feed will help traders anticipate trends before they surface.

In addition to active alerts that warn of insider signals, unusual activity, and FUD storms, the traders will also be able to follow token sentiments that track emotion across leading and emerging crypto assets.

AI projects overwhelmingly focus on developers and the high-tech crowd, yet DeepSnitch AI aims to provide a working set of tools to retail traders. As such, it may have what it takes to become one of the top AI tokens in the market.

Although the solution is undoubtedly useful, investors and whales are also aware that the price $0.01735 and the parabolic potential could provide a high ROI with reasonable investments. For instance, investing $500 could turn into $50K after launch.

This is generally unrealistic to expect for majors like Ethereum, and to achieve the same returns, you’d have to either pour $25K into it and wait for it to double in value, or invest $500 and wait decades until it reaches $100K+.

The first stage is nearly over, which means the $0.01735 is set to increase. Since DSNT is snowballing quickly due to the hype it’s generating, check out the DeepSnitch AI presale, and reserve your parabolic bag before it’s too late.

2. Ethereum price prediction: Is an ETH breakout in sight?

Uptober hype helped ETH get out of a large descending channel, and it reached the $4.4K area on October 3, according to CoinMarketCap.

Analysts are generally bullish on ETH, pointing out that the coin tested a key resistance line, with a noticeable incline in the 20-day EMA. While Ethereum will likely face pushback on the upper resistance, there’s a strong possibility that ETH will continue pumping and retest the $4.9K ATH from August.

In the bearish scenario, if the price settles below the 20-day EMA, the overall momentum will dissipate, and ETH may start free-falling toward $4K.

Even though the Ethereum network is losing steam, ETH likely isn’t going anywhere any time soon and will probably remain a strong long-term hold. However, if you’re looking for explosive growth on a small investment, presales such as DeepSnitch AI are a more viable choice.

3. Cardano price prediction: Could ADA close above $1?

Despite a tiny 1% dip, ADA traded in the $0.8600 area on October 3, according to CoinMarketCap data.

Analysts reveal that the selling pressure is cooling as ADA recovered above its $0.86 50-day SMA. From here, Cardano will have to close above the upper resistance line to cut the correction short. If bulls keep pressing, ADA may reach $1.02.

The bearish scenario anticipates that price reversing down from $0.8600 and falling to $0.8400 could push ADA back to the pesky $0.75 support.

Cardano has been struggling for years. If the bullish projection comes true and Cardano ETFs reach approval, ADA may turn into a solid, albeit slow bag.

Final words: Bulls are taking control

With most altcoins pumping, Ethereum price prediction remains bullish, and there’s a high possibility that traders will witness a new ETH all-time high very soon.

The hype will likely spill over into other areas of the market. Since AI coins are already pumping, expanding your portfolio with DeepSnitch AI could set you up for explosive Q4 gains.

This presale is turning into the event of the season as investors have poured in $300K in just a month. At $0.01735, you are still early.

Join the DeepSnitch AI presale and set yourself up for a 100x pump.

FAQs

What is the latest Ethereum price prediction?

Analysts project Ethereum could retest the $4.9K ATH if bulls maintain momentum during Uptober.

Why is Ethereum’s network activity declining?

Ethereum faces growing competition from Solana and BNB Chain, which led to a 30% drop in network fees and a 10% decline in transactions in September.

What makes DeepSnitch AI stand out to investors?

DeepSnitch AI raised $300K in its first presale stage thanks to its five AI-powered trading agents that provide real-time market analytics. Priced at $0.01735, investors expect up to 100x gains post-launch.