Bitcoin pioneer Adam Back has characterized the recent market downturn as typical volatility within Bitcoin's four-year cycles, not a failure of its fundamental thesis. In commentary addressing widespread concerns over a "crypto crash," Back, an early architect cited in the original Bitcoin white paper, noted that Bitcoin's recent 26% slide is consistent with historical patterns. He emphasized that growing regulatory clarity and early institutional adoption should help moderate price swings over the long term.
While Back provided a macro perspective, the news highlights a significant shift in investor attention towards specific projects during the market correction. The AI-focused cryptocurrency project DeepSnitch AI (DSNT) is being heavily promoted as a potential 100X investment opportunity, having raised over $1.76 million in its ongoing presale. The project's price has reportedly surged 175% to $0.04146 during its fifth stage. Promotional material details platform upgrades, including a user-friendly interface with six modules, an intelligent caching layer, a cognitively enhanced "SnitchGPT" for market analysis, and a dynamic staking mechanism advertised with APYs potentially reaching 1,000%.
In contrast, other altcoins like Sui (SUI) and Pi Network (PI) are noted as having suffered in the recent sell-off. Sui's price dropped from $1.98 in January to around $0.93, with analysts providing mixed recovery predictions ranging from $1.40 to $5.00. Pi Network's price declined to $0.16 after a brief rally, with technical indicators showing a battle between buyers and sellers.
A separate analysis of the best crypto presales for March reinforces the promotional push behind DeepSnitch AI, labeling it "the safest 100x moonshot of 2026." The article cites Grayscale's view that blockchains and AI are complementary technologies. It also mentions other presale projects like Maxi Doge (MAXI), a meme coin that has raised over $4.64 million, and idOS (IDOS), a portable identity solution for stablecoins.
The overarching narrative suggests that while the broader market experiences volatility, "smart money" is rotating into utility-based projects, with DeepSnitch AI positioned at the forefront of this trend due to its advanced AI agents and massive target market of over 600 million crypto holders.
