Analysts are pointing to the quick recovery of the crypto market as a sign that October will still be a healthy month for altcoins as historical data suggests, making it the ideal time to check out $SNORT.
KEY POINTS:
➡️ The crypto market has climbed back up to $3.8T after dropping to $3.65T
➡️ Analysts say that October 10’s flash crash is a result of structural approaches to risk
➡️ It’s still expected that October will be a healthy month for altcoins
➡️ Snorter Token is well placed to capitalize on a new wave of altcoin buys this uptober
It’s understandable if you’re shaky on crypto after the October 10 flash crash, but analysts are saying that fear is unfounded in the long term. While Trump’s China tariff announcement caused a 10% drop in the value of $BTC and market-wide liquidations, the crypto market has recovered shockingly quickly.
Crypto podcaster Scott Melker pointed out that the market retraction wasn’t down to an event that threatened crypto’s core foundations, such as the China mining ban, FTX’s bankruptcy, or retail investors turning away from ICOs.
Instead, he notes that ‘what happened last week was purely structural. The kind of event that forces everyone to stop, reprice risk, and rethink what’s actually possible (and broken) in this market.’
While excessive leverage in crypto has caused a market retraction, the case for a healthy Uptober remains in play. After dropping to $3.65T, the overall market cap for crypto has spiked back up to $3.8T and seems to be trending upwards again.
Gold has rallied to around $4.2k for a new ATH, which usually precedes rotation into Bitcoin. Alongside the Fed’s rate cuts, it’s expected that long-term investment in crypto will serve as a hedge against the weakened value of the USD.
However, trading in a healthy altcoin market still has its own issues. Making a profit trading altcoins requires quick reflexes and a keen understanding of market factors – or a secret weapon. That’s why we’re looking at Snorter Bot.
It’s built to keep up with the fast-moving, high-stakes meme coin market by presenting you with the freshest market intelligence directly to your phone, as well as the ability to trade instantly at the push of a button. Read on and we’ll explain why Snorter Bot could make your uptober a profitable one.
Snorter Token & Snorter Bot – Trade Solana Meme Coins Instantly with this Telegram-Based Sniper Bot
Snorter Token ($SNORT) is the official token of Snorter Bot, a trading bot that helps you snipe the best-performing coins on blockchains like Solana using a Telegram-based app.
It’s tricky to keep track of the meme coin market – new tokens are popping all the time, and by the time you’ve had a chance to vet one, the initial liquidity could be gobbled up by whales and bots. That’s where Snorter is leveling the playing field.
It automatically scans DeXs for upcoming altcoins and alerts you to the best performing ones so you can decide whether or not to trade them. Snorter speeds up the vetting process as well. Each token goes through a honeypot detection engine, which flags known rug pull indicators (with an 85% success rate in beta testing).
Simply select the coin you wish to trade and establish a buy or sell order with your desired price point. Snorter executes the trade on your behalf, so you won’t need to keep checking the charts to see whether it’s the right time to sell.
Snorter will support the Solana network on launch, as well as Ethereum, BNB, Polygon, and Base after launch.
Snorter’s features are already pretty impressive, but the real power comes from $SNORT. It unlocks the daily cap, allowing you to make unlimited trades, while also reducing the fees you pay on each trade to just 0.85%. Holding $SNORT allows you to make more trades, and each one is more profitable.
That’s not all. $SNORT also unlocks copy trading for Snorter Bot. Essentially, the bot mirrors the trades of another wallet you nominate. If you’ve identified one that has a winning strategy, Snorter uses a high-speed RPC node to execute the exact same trades as quickly as possible.
The Snorter presale is about to close, but if you’re quick, you can still grab $SNORT at a low price of only $0.1079. In another five days, the presale will close, and you’ll have to buy $SNORT at market price. However, if you buy now, you can also lock in some last-minute staking rewards of up to 108% per annum.
Get in on $SNORT’s presale before it closes.
Always conduct your own research before investing and invest only what you’re prepared to lose. This article is not financial advice.
Disclaimer: This content has been supplied by a third party contributor. Brave New Coin does not endorse or promote any products or services mentioned herein. Readers are encouraged to conduct independent research before making any financial decisions. The information provided is for informational and educational purposes only and should not be interpreted as investment advice.
