The Nevada Gaming Control Board had filed a civil action against Coinbase over its announcement of the launch of prediction markets in 50 US states.
As the prediction market controversy heats up, the wider market is entering the corrective period. With no recovery in sight, many traders are hoping to find the next crypto to explode to minimize their losses and potentially make a bank.
DeepSnitch AI, with its presale status, attracted additional capital as the wider trend shifts towards early. stage ICOs.
With $1.47M already raised, the DeepSnitch AI community anticipates 100x gains after launch if the project takes off.
Why is Nevada suing Coinbase?
The Nevada Gaming Control Board filed a lawsuit against Coinbase Financial Markets on February 2 in the First Judicial District Court of Carson City, alleging the company offered unlicensed wagers on sporting events.
Authorities requested a temporary restraining order and preliminary injunction to immediately stop Coinbase from “operating a derivatives exchange and prediction market” tied to sports betting.
The suit is the answer to Coinbase’s announcement that it had launched prediction markets in all 50 US states through a partnership with Kalshi. While Kalshi is federally regulated by the CFTC, state regulators can still pursue legal action.
This action mirrors recent state-level pushback against prediction platforms, including Tennessee’s cease-and-desist letters to Kalshi, Polymarket, and Crypto.com.
Meanwhile, the search for the next crypto to explode is in full session as traders look to avoid volatile majors.
Coins ready to rally
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DeepSnitch AI: Is DSNT the next big cryptocurrency?
Often considered one of the breakout crypto projects of the season, DeepSnitch AI is highlighted as one of the most interesting early-stage opportunities available right now.
For starters, its trajectory is nothing short of solid. Even as the market fell apart in late January, DeepSnitch AI continued stacking wins and raised over $1.47M at a $0.03830 price.
The 100x projections are another part of the buzz machine, with many traders rushing in to not only capitalize on the token’s low price, but are multiplying their allocations with the recent presale bonuses.
However, the reason why DeepSnitch AI could be the next crypto to explode is its utility. DeepSnitch AI’s retail-first trading suite is powered by five AI agents and is designed as a daily driver. It catches early sentiment shifts and FUD, scans tokens for rug pulls, honeypots, liquidity traps, and other risks in real time.
The LLM-style interface is another huge strength as it allows you to simply enter any contract address for instant risk scoring and clear red-flag alerts. In other words, a full DYOR is done in just a few minutes.
While the listing date is yet to be announced, rumors of another major update are spreading through the community. This could significantly pump up the hype and confirm DeepSnitch AI’s narrative as one of the best breakout crypto projects.
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Cardano: Is ADA about to rally?
Cardano traded at $0.29 on February 3, according to CoinMarketCap.
While many doubt that ADA will be the next crypto to explode, the extended consolidation may finally be over. This expectation is supported by the RSI hitting 30 and MACD showing compression easing toward a golden cross above the signal line.
The key breakout level is the former support at $0.50, and a decisive flip would confirm that the structure has shifted. If the pattern plays out, ADA could surge beyond $1 and settle in the $1.35 area.
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Hyperliquid: What’s HYPE’s next move?
According to CoinMarketCap, HYPE traded in the $33 area after logging a significant 6% weekly surge.
While the social buzz is still low, the moves aren’t actually fueled by retail, which could be a good sign that the price action could be sustainable.
From the current levels, HYPE must conquer $42 and $47 resistance levels. If the surge continues, HYPE could touch its former all-time high near $59.
On the flop side, if HYPE loses its $30 support, the pressure will build up, potentially pushing the coin toward $26.
Final words: Conviction pays
DeepSnitch AI could turn into the project of the season if the current momentum sticks. With $1.47M in the bank and the anticipation about new updates at an all-time high, DeepSnitch AI is gearing up to be the next crypto to explode, even while the market falters.
Conviction does pay. This is especially true for investors who jump aboard now. By applying the exclusive codes, you can unlock massive savings. For example, the DSNTVIP300 code will deliver 300% on $30K+, which translates to approximately $90K extra DSNT tokens.
Show your conviction in the DeepSnitch AI presale today. Feel free to follow the latest developments and community discussions on X or Telegram.
FAQs
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What is the next crypto to explode in the current market?
DeepSnitch AI is widely viewed as the next crypto to explode, with over $1.47M raised at $0.03830, powerful AI tools for traders, strong community conviction, and widespread 100x projections driving intense FOMO ahead of launch.
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Why does DeepSnitch AI stand out as a breakout project?
DeepSnitch AI delivers five AI agents via an LLM interface that instantly scan contracts for rug pulls, honeypots, liquidity traps, detect sentiment flips and early FUD, making DYOR fast and effective for retail traders.
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How is the Nevada lawsuit against Coinbase affecting the market?
Nevada Gaming Control Board sued Coinbase over unlicensed sports prediction markets launched via Kalshi partnership. The legal pushback adds short-term uncertainty.
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