October has been a disappointing month in the crypto market so far, with a clear sense of directionlessness and uncertainty stopping prices from gaining momentum. But while that feeling persists, it may soon fade.
The market’s choppiness lately is due to the US government shutdown and the absence of key macroeconomic data, such as September’s jobs report, inflation figures, or initial jobless claims, that traders rely on to gauge market trends.
Though this has been a major barrier, experts believe that the lack of data will push the Federal Reserve to take strong action at next week’s FOMC meeting, possibly cutting interest rates by 50 basis points. If that occurs, it could spark a new wave of speculative activity in the market, leading to a rise in crypto prices across the board.
The FOMC meeting is set for October 28-29, just one day after the new Solana meme coin trading bot, Snorter (SNORT), is listed on the open market. Snorter has been holding a presale that has already raised $5.4 million, showing strong market interest. So could it explode once it hits exchanges?
Snorter: the multichain meme coin bot with sub-second trade execution
Despite the market slowdown in October, investors who knew where to look still achieved significant gains. A BSC meme coin called 4 provided a 91,934% return this month, while another called 币安人生 (Binance Life) resulted in a 226,000% gain for one trader who turned $3,500 into $7.9 million.
However, capturing these opportunities has become more difficult due to challenging market conditions, requiring precise timing and accuracy. This is why Snorter is experiencing high demand during its presale, since it’s an advanced trading bot capable of providing users with a major edge in the market.
The bot offers features such as copy trading, automated token sniping, rug pull detection, and dynamic stop-losses, which could quickly turn an average trader into smart money.
The bot will be native to Solana but plans to go multichain later, positioning itself as a resilient long-term player adaptable to shifting user preferences across blockchains.
Snorter is built using a private RPC infrastructure, enabling it to bypass common DEX congestion by directly connecting to liquidity pools. This means transactions will be completed in milliseconds, rather than minutes, giving users a significant speed advantage.
Analyst backs SNORT for 100x gains
At the core of the Snorter trading bot is the SNORT token, which offers holders trading fee discounts, staking rewards, and governance rights. The trading fee discounts are especially significant because SNORT holders pay only 0.85%, the lowest in the market.
Projects like Bonk Bot, Trojan, Maestro, and Banana Gun charge between 1% and 2%, meaning there’s a substantial cost-saving benefit for the Snorter community.
This combination of token utility and a strong product has led respected analysts to predict big gains for Snorter. For instance, in one recent video, Borch Crypto stated that SNORT could yield 100x returns.
Why interest rate cuts could fuel Snorter’s exchange debut
Analysts from The Kobeissi Letter recently posted on X that “The Fed MUST lean even more dovish as the government shutdown continues, and they MUST cut rates,” adding, “odds of a 50 basis point rate cut by year-end are surging.”
October has been stagnant so far, but the fresh liquidity that could be unlocked by cutting interest rates might be exactly what the crypto market needs. It could rekindle retail interest, boost ETF inflows, and ultimately fuel the market’s next leg up. So with the FOMC meeting only five days away, excitement is quietly building.
For Snorter, the timing couldn’t be better. If these interest rate cuts happen, it could finally trigger the Q4 rally that everyone has been waiting for, and SNORT will be fresh on the open market, so there’ll be nothing in its way of a potentially explosive rise.
But with only four days until the presale ends, investors looking to buy SNORT at its initial exchange listing price of $0.1083 should act quickly.
Visit Snorter Presale
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