The cryptocurrency market is witnessing a notable shift in investor sentiment, moving away from speculative meme assets towards projects with tangible utility, particularly in the artificial intelligence (AI) sector. This trend is highlighted by the surging presale of DeepSnitch AI (DSNT), which has raised over $1.3 million and is positioning itself as a Web3 analytics platform.
DeepSnitch AI is building what it describes as a "Web3 Bloomberg Terminal," utilizing five AI agents to scan markets and identify trading opportunities for over 100 million crypto traders. The project's presale, currently in stage four with tokens priced at $0.03681, has attracted significant attention. The team has implemented a tiered VIP bonus system to incentivize larger investments, offering bonuses ranging from 30% for a $2,000 investment to a 300% bonus for investments of $30,000 or more.
Concurrently, the protocol has activated a staking mechanism, with more than 31 million DSNT tokens already locked, a move designed to reduce circulating supply and generate passive income for holders. The project has undergone security audits by both SolidProof and Coinsult.
This investor pivot comes amid a challenging period for meme coins. Dogecoin (DOGE) faced a 2% decline, trading near $0.125 after liquidations swept the market on January 23. Technical analysis suggests DOGE is exhibiting a bearish structure with lower highs and lower lows, with key support levels at $0.124-$0.123. A break below this zone could see DOGE fall toward $0.12.
In broader market news, institutional adoption continues to advance. UBS Group AG is reportedly preparing to offer cryptocurrency trading services to its wealth management clients, according to a Bloomberg report from January 23. This development is seen as a significant validation of the asset class. Furthermore, Revolut is shifting its strategy for US expansion, opting to apply for a banking license through the Office of the Comptroller of the Currency (OCC) instead of acquiring a local bank.
Other altcoins showed mixed performance. LayerZero (ZRO) surged nearly 20% in a single session on January 23, pushing weekly gains past 40% and breaking above the $2.00 mark despite ongoing monthly token unlocks. XRP traded around $1.91, buoyed by strong institutional inflows into related ETFs, which have seen over $1 billion in net inflows since November 2025. The Pi Network (PI) price was noted at $0.18, with its future value contingent on the completion of its mainnet migration and KYC processes.
