Do Kwon Sentenced to 15 Years for Wire Fraud
In a groundbreaking decision, U.S. District Court Judge Paul Engelmayer has sentenced Do Kwon, co-founder of Terraform Labs, to 15 years in prison. This sentence follows Kwon’s guilty plea to wire fraud and conspiracy to commit fraud charges. Known for his involvement in the 2022 crypto market crash—which led to the loss of approximately $40 billion—this verdict has sparked mixed reactions within the crypto community. While some believe the sentence is too lenient, others acknowledge the time Kwon has already spent in pre-extradition custody and the U.S. penitentiary system.
Kwon has since expressed his preference to serve the remainder of his sentence in his home country to be closer to his family. This move adds a personal dimension to the otherwise complex legal case.
Altcoins Stealing the Spotlight Amidst Market Volatility
While the market grapples with the aftermath of Kwon’s sentencing, discussions about Solana’s price prediction and other promising altcoins are heating up. Investors seeking opportunities during turbulent crypto times have shifted their focus to low-cap, high-growth altcoins.
1. DeepSnitch AI: A Rising Star
DeepSnitch AI has emerged as a standout utility-driven project offering traders cutting-edge, institutional-grade AI tools. The platform’s impressive features include an AI monitoring system and live dashboard aimed at helping traders make informed decisions before market movements become public knowledge. These innovations have fueled investor confidence, driving the platform’s token, DSNT, to an impressive 81% price increase since its launch.
Market speculation suggests possible listings on Tier-1 and Tier-2 exchanges by early 2026, which could see DeepSnitch AI soar beyond 100X returns. Currently trading at $0.02735, the DSNT presale has already crossed $800K. For investors looking for attractive bonuses, the platform offers a 50% bonus on purchases above $2,000 with the code DSNTVIP50 and a 100% bonus for purchases above $5,000 using the code DSNTVIP100. Visit DeepSnitch AI’s official website for these exclusive offers and join the growing community on Telegram and X.
2. Solana: Battling Downtrend
Despite a sideways trading trend in the past week, Solana (SOL) remains on investors’ radar. As of December 11th, SOL was trading at $136.12. Analysts predict that breaking past the 50-SMA resistance level of $153.72 could potentially trigger a bull run. However, achieving a long-term value of $1,000 for SOL appears unlikely given its high market capitalization.
While Solana might appeal to seasoned investors, those seeking significant ROI may want to explore smaller utility-driven projects such as DeepSnitch AI, which are better positioned for exponential growth.
3. Zcash: Privacy Coin on the Rise
Privacy-focused cryptocurrency Zcash (ZEC) has been steadily climbing in December. The coin has shown a notable 26.2% increase on weekly charts, with analysts forecasting a target price of $500. If market momentum sustains, Zcash could even touch $651 in the near future. For investors valuing privacy alongside gains, Zcash remains an intriguing option to watch.
Why Low-Cap Altcoins Deserve Your Attention
In a dynamic and often unpredictable crypto market, smaller altcoins with practical utilities—like DeepSnitch AI—offer investors the potential for significant growth. These projects not only provide cutting-edge technology but also retain the potential to multiply investments exponentially compared to high-cap coins like Solana.
Whether reconsidering your portfolio or exploring new opportunities, this year-end could be an excellent time to capitalize on presales and exclusive bonuses in promising projects.
Final Thoughts
The crypto world never sleeps, and 2023 is closing with intriguing developments. From Do Kwon’s sentencing to the rapid ascent of DeepSnitch AI, it’s clear that altcoins are capturing the imagination of both seasoned and new investors. Stay informed and be prepared to pivot your strategy as the defining trends of 2024 unfold.
Disclaimer: This article does not offer financial advice. Always conduct thorough research before making investment decisions.
