Monat: April 2023

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Automated Trading Signals Attracting Investors to ASI Token Presale as Q2 2023 Approaches

Investors have long been attracted to the crypto markets for their innate profitability. In fact, cryptocurrency is the most lucrative asset class ever to exist, owing to the speculative nature of blockchain technology and its disruptive capabilities.

The AltSignals crypto platform has long been helping traders maximize investment returns through automated trading signals. As the crypto platform expands, it is expected to revolutionize the process of trading thanks to an AI-powered toolkit that forecasts crypto market volatility.

Crypto platform AltSignals is making great strides in the field of automated trading

Automated trading signals have attracted significant interest over recent years, as algorithmic tools such as AltAlgo™ have helped traders of all skill levels maximize investment returns. JP Morgan reported in 2020 that more than 60% of trades worth over $10 million were executed by automated trading tools and recently stated that AI could disrupt the financial markets.

AltAlgo™ is the proprietary trading tool released by AltSignals, a crypto platform expanding its blockchain offering to include a new automated trading protocol that is powered by artificial intelligence. Automated trading tools can help institutional and retail investors by condensing complex data into a single buy or sell signal with unrivaled accuracy.

 AltSignals’ token ASI is now available during its presale. ASI was initially made available at $0.012 and is scheduled to rise to $0.02274 by the final stage of investment. The token will power the crypto platform’s new blockchain services, including a new-and-improved automated trading tool called ActualizeAI.

What is AltSignals?

AltSignals has shared profitable trading signals with 50,000 community members since it launched in 2017. The crypto platform is specially designed to help traders navigate market volatility – AltAlgo™ has consistently had over 70% accuracy since it first launched and helped traders who matched its trades to 10x their portfolio in 19 separate months.

The crypto platform’s new automated trading stack, ActualizeAI, is expected to further optimize the accuracy rate of AltSignals’ existing tools. ActualizeAI leverages machine learning capabilities to continually improve the frequency and accuracy of automated trading signals, which could revolutionize how people trade the crypto markets.

ActualizeAI is set to analyze vast amounts of market data, including sentiment levels, and provides automated trading signals directly to its users. AltSignals has a proven track record for success that goes back over 5 years, which has led to great excitement surrounding the project’s new AI-based development.

How does ASI work?

The ASI token is used to provide access to ActualizeAI. Holders can also stake ASI tokens on the AltSignals platform to earn a passive yield on their long-term investment. They can also vote on governance proposals for new community-led initiatives.

Token holders will also gain access to the  AI Members Club, providing a host of new benefits for the crypto platform’s users. Among these benefits are early-stage crypto investment opportunities, where traders can buy into up-and-coming Web3 projects during their earliest fundraising rounds.

The AI Members Club will also host trading tournaments where traders can compete for the chance to win significant crypto prizes. The club will also allow members to test out new automated trading tools before they are officially released, which can help give users an advantage over other market participants.

Can ASI reach $0.40 in 2023?

The ASI token has deflationary tokenomics and vast utility within the AltSignals platform. The expanded offering from the crypto platform is expected to attract major levels of demand, owing to the innate profitability of the services provided.

Not only will ASI token holders access an industry-leading trading toolkit, but they can also participate in lucrative early-stage investment opportunities for new crypto projects. The AltSignals platform is designed to help its users make a profit in the crypto market, which is a key reason why there is significant demand for the ASI token.

Some expert price predictions for ASI after the crypto presale is over $0.50. The presale will raise the value of ASI to $0.02274 before it is launched on digital asset exchanges, meaning that presale investors make a 25x return if AltSignals hits its mid-term price target.

Are AI-based crypto protocols the next sector to take off?

Artificial intelligence and blockchain are rapidly evolving technologies disrupting the digital world. The number of projects that leverage artificial intelligence is continually rising, with many of the top projects producing significant returns in recent months.

Fetch.ai (FET) has risen over 900% since the beginning of 2023, while The Graph (GRT) has tripled in value. AltSignals could follow suit after the ASI token presale, which has already attracted $112k in just 1 day.

AI-based crypto protocols will likely keep expanding over the coming months and years. The range of use cases for artificial intelligence within the realm of Web3 is growing, and AltSignals looks set to revolutionize automated trading by leveraging the new technology.

Is ASI worth buying?

The ASI token presale could be a prime investment opportunity over the coming years. AltSignals is improving automated trading tools through the use of artificial intelligence, which could serve an increasing number of users as the crypto market enters its next bull phase. Investors who participate in the ASI presale are expected to see significant investment returns as a result.

The token is currently available at the $0.012 price level; however, it will rise before the end of the presale. Regardless of the price at which investors buy ASI, it certainly seems to be a great buy for its utility alone.

You can participate in the $ASI crypto presale here.

The post Automated Trading Signals Attracting Investors to ASI Token Presale as Q2 2023 Approaches appeared first on CoinJournal.

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Bitcoin price, volatility and profits are all the highest since June 2022 – but why? And will it continue?


Key Takeaways

  • Bitcoin has broken $30,000 for the first time since June 2022
  • Volatility is also at its highest point since June
  • Liquidity is the lowest it has been all year, meaning less is needed to move Bitcoin up (and down)
  • 45% of stablecoins have fled exchanges in last four months, with market depth has not recovered from Alameda bankruptcy in November
  • Interest rate forecasts have flipped, providing positive impetus as market bets tight monetary policy is coming to an end
  • Low liquidity and positive interest rate expectations have kicked Bitcoin up past $30K
  • Week ahead brings data on inflation, Fed minutes and earnings, and Bitcoin could move violently again depending on how it shakes out

Throw a mask on and stay beyond a 2-metre radius, because it feels like 2021 again. 

At least, looking at the cryptocurrency market, that is. Bitcoin has turned back the years to rally to its highest price since last summer, despite the economy feeling like it’s falling down all around us. $30,000 has officially been breached. 

Not only is the price at its highest point in ten months, but the volatility and profits have also ramped up to the highest points since before the house of cards all came down, while the supply on the market is dwindling.

But why? And will all this continue or will Bitcoin fall back down to Earth? Let’s dig into the data to see if there is an answer. 

Price

First, what makes the headlines pop: the price.  

Bitcoin breached $30,000 Monday evening for the first time since June 2022. To refresh the memory, that was the week of the Celsius crash, the crypto lender announcing on June 12th 2022 that it was suspending withdrawals, having been caught up in the LUNA contagion. 

Billions of customer assets were locked, and the Bitcoin price spiralled downwards, dropping below $30,000, and then $20,000, in the days afterwards. Monday was the first time it has taken back the $30,000 mark. 

The key to this resurgence? Interest rate forecasts, primarily (but not just interest rates…as we will get into in the next section). 

The forecast of the future path of interest rates has completely flipped in the last month or so, providing impetus for this leg up in Bitcoin as the market bets that we are finally ready to pivot off the aggressive hiking of rates that has been ongoing since last April. 

Last year’s transition to a new paradigm of tight monetary policy signalled an abrupt end to the decade-long bull market across financial markets, pulling risk assets down in price across the board. 

Crypto didn’t help its case with several scandals along the way – LUNA, Celsius and FTX to name a few – but the macro conditions have certainly not been kind either, with the Nasdaq shedding a third of its value last year, its worst return since 2008. 

But following the banking collapse, the market is betting that the Fed simply cannot continue with the interest rate forecasts going forward. The below chart shows interest rate expectations for the July meeting – the right side shows the forecast from six weeks ago, which has completely flipped compared to the forecast today (purple bars on the left). 

Volatility 

But it’s not just the price that is rising. Volatility is also at its highest point since it picked up following the collapse of Celsius last June. The below chart shows this, and then we will see why this is not a coincidence that it is coinciding with a relentless price rise. 

The elevated volatility is a direct consequence of the liquidity being so low. I crafted together a deep dive on this two weeks ago, but liquidity in cryptocurrency markets is as low as it has been all year. 

45% of the stablecoin balance on exchanges has fled in the last four months, with the resultant balance the lowest since October 2021. 

This is matched by market depth dropping down too, yet to recover from the evaporation of Alameda into thin air last November. 

And this gets to the crux of the issue: the thin liquidity exacerbates moves both to the downside and upside. This is a fancy way of saying it elevates volatility, which is exactly what we seeing recently for Bitcoin. 

And this exacerbation of any price move, coupled with the positive spin coming out of the interest rate forecasts, means Bitcoin is getting a hell of a push up the charts – with liquidity so shallow that there is minimal resistance. 

In short, liquidity is down, and volatility is up. And with the most important thing in markets right now, i.e. the interest rate forecast, flipping positive, we get a violent upward price move. 

“The low liquidity has left the market vulnerable to massive moves”, says Max Coupland, director of CoinJournal. “Luckily for crypto investors, the flip in interest rate expectations has meant prices have accelerated upwards, but looking at the week ahead, this may change if the economic data comes in below forecasts. Bitcoin is always volatile, but it feels particularly primed for big moves at the moment”.  

Profit

Finally, profit. It doesn’t take a genius to work out that with the Bitcoin price at its highest point in nine months, the profit position for investors is also looking a little rosier than it has in the past. 

When assessing the price at which Bitcoins last moved at compared to the current price, it can be deduced that 76.2% of the Bitcoin supply is in profit. That marks the highest point in a year, back before the transition to a tight monetary policy and the LUNA scandal of last May.  

What happens next?

But will this all persist? Or is it just a bear market rally?

Well, the uber-low liquidity is likely not going to shift in the short-term, at least. This means that volatility will remain elevated and moves to both the downside and upside will be elevated. 

But with volatility high, which direction will it go? I won’t pretend I know the answer to that, but the week ahead has some key data coming out that will drive the price one way or another – and perhaps very significantly so. 

First is the CPI data out Wednesday. Inflation has come down every month since June 2022 yet this is the first inflation reading to come out following the optimism that interest rate hikes are soon coming to an end. A hot reading could spook the market into thinking that the Fed may think about hiking further, however, especially after the banking troubles of the last month have subsided. 

Also on Wednesday is the FOMC minutes, which will give a direct insight into the plans of the Fed. This, and the inflation reading, are absolutely vital economic indicators, and have been what has moved markets all year long. That won’t change. 

Throw in Thursday’s producer price index (PPI) and earnings season kicking off on Friday, and the price moves ahead could be extreme. Bitcoin is very volatile right now and the economy is at a watershed moment, with plenty of data coming out in the week ahead. 

Buckle your seat belts and get your popcorn ready.

If you use our data, then we would appreciate a link back to https://coinjournal.net. Crediting our work with a link helps us to keep providing you with data analysis research.

The post Bitcoin price, volatility and profits are all the highest since June 2022 – but why? And will it continue? appeared first on CoinJournal.

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Telegram Investor Groups Buzzing as AltSignals Announces Its Crypto Presale

  • AltSignals has announced a presale for the utility token ASI that unlocks next-gen AI trading insights
  • The popular platform has more than 52,000 users and boasts incredible reviews
  • The ASI presale looks set to be one of the best investment opportunities of 2023

The crypto world seems to have found a favored method to exchange ideas, having chosen instant messenger service Telegram for its communication needs. It often means that the earliest chance to spot top-notch crypto presale opportunities is across the application.

Investors paying attention are currently witnessing the wave of excitement rippling across Telegram due to the upcoming AltSignals crypto presale announcement. Many within the space see the presale as a rare opportunity to glean huge profits thanks to the project’s strong proposition and important ability to leverage its huge community of users. 

AltSignals boasts more than 50,000 crypto traders among its user base and has built its extensive community on the strength of its product offerings. This established base, alongside a heavily discounted presale on a token backed by a hugely successful product, are solid reasons contributing to the excitement, with ASI in future enabling access to ActualizeAI — the next evolution in premium signals.

What is AltSignals?

AltSignals has built its reputation on providing extremely high-quality trading signals across daily crypto trades, Binance futures, Forex, CFD and shares. Perhaps the clearest indicator of just how strongly its customer base values the user experience is AltSignals’ Trustpilot rating, with over 500 ‘Excellent’ ratings and an overall rating of 4.9/5.

Having built up a devoted community of more than 50,000 users since its launch in 2017, AltSignals has established itself as a leader in helping all levels of traders make profits every day with incredible results thanks to guidance from the platform.

AltSignals is building an indicator tool known as ActualizeAI, which will be using advanced AI leveraging natural language processing and sentiment analysis to constantly scan the markets to find machine-learning-driven trading opportunities. These can then be communicated as rapidly as possible to traders, giving them a vital edge on the competition and allowing them to maximize their profits as a result.

The signal success rates speak for themselves, with AltSignals technology delivering a 70-83% success rate on ETH and BTC trades. This success rate is critical proof explaining the huge popularity of the platform and means that the ASI presale is likely destined for similar success.

How does AltSignals work? 

AltSignals leverages both fundamental analysis and technical analysis in order to provide a complete data set to the advanced algorithms used to identify trades. With the addition of machine learning, its pattern recognition will be virtually unrivaled, helping drive the massive successes seen to date.

The current technology, AltAlgo™, has provided incredible results for traders and has solidified the position of AltSignals as a market leader in profit-maximizing trading signals across a range of different markets. This has enabled countless traders to beat the competition and get the most out of their trades.

This proven technology has served more than 3,700 crucial signals to traders, and with learning materials and coaching to support traders of all levels, AltSignals may be one of the largest collaborations of accomplished crypto traders out there — hence the excitement for the next stage of product development.

The ASI presale also marks the launch of the ActualizeAI Club, where token holders can use their ASI tokens to sign up to receive exclusive beta access to all new releases. Offering a valuable outlet, the group serves to keep savvy traders ahead of the markets. Joining and participating in the group also provides users with the ability to earn even more ASI tokens, set to launch in Q1 2023.

What is ASI? 

The ASI token is built on the Ethereum blockchain, providing a high level of security for ASI holders. The token itself is a utility token with critical roles across the AltSignals platform, with ASI ownership being fundamental to accessing different, exclusive areas of the platform and extra types of signals, such as those for the ActualizeAI product.

ASI will be key to early access to trading signals ahead of other traders, and the competitive edge that this provides is set to deliver huge gains for the token. As users flock to the platform, this edge is certain to be a fundamental driver adding to the incredible interest already shown so far in the project’s presale.

The token also plays a role in enabling value exchanges across the AltSignals platform, such as accessing educational resources and more. This high level of utility means that many are expecting to see a great deal of buying pressure for ASI that should drive up the price of the token further. As if that wasn’t enough, the ASI token will have a 3-5 year buyback and burn plan to ensure a deflationary effect on the supply of ASI — likely driving up the price of the token. 

Is ASI considered a good investment? 

Experienced crypto investors will know that crypto presales can herald enormous returns, with access to highly discounted prices available and limited awareness of the project creating significant value propositions. The ASI crypto presale is an incredible example of this, providing investors with a unique opportunity to get on board a project destined for greatness.

With the project’s already huge user base and solid reviews behind it, analysts are forecasting a bright future ahead for AltSignals and its ASI accordingly, with the presale having already raised $112k in just 1 day. With many already speculating on whether the token will smash through the $1 barrier in 2023 there’s no doubt that ASI holders will have an exciting 2023 ahead of them.

You can participate in the ASI presale here.

The post Telegram Investor Groups Buzzing as AltSignals Announces Its Crypto Presale appeared first on CoinJournal.

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Conflux price prediction: CFX outlook after 15% spike today

  • Conflux price spiked 15% after Binance announced support for the CFX mainnet.
  • The CFX outlook on the 4-hour chart shows price recently broke out of a symmetrical pattern.
  • The RSI is trending in overbought territory, which could see CFX price fall.

Conflux price is up nearly 15% today after the cryptocurrency’s massive network activity in recent weeks. The coin’s sharp gains add to a bullish outlook for a coin that experienced a parabolic increase in the value of the native CFX token.

After trading to lows of $0.029 in late January following the brutal 2022 bear market, CFX price rose to top $0.47 in March. While prices have recently been sideways as the broader market waded in negative sentiment, the latest upside coincides with a major boost for the coin from crypto exchange Binance.

CFX/USD is also rallying at a time the crypto market cap has jumped over 4% in the past 24 hours amid Bitcoin price breaking above $30,000. 

Major altcoins rallied on Tuesday as Ethereum broke above $1,900 as ETH bulls eyed the psychological $2,000 level ahead of the highly anticipated Shanghai upgrade.

Why CFX price jumped 15% today

Conflux is a top layer 1 blockchain platform that’s regulatory compliant in China. 

The platform has recently made huge steps in its development roadmap, signaling further network growth with key partnerships, including with China Telecom, DeFi protocols platform dForce, and blockchain game platform Samurai.

On Tuesday, the world’s largest cryptocurrency exchange by trading volume Binance announced it would support Conflux’s mainnet integration. With the support, Binance will add deposits and withdrawals for the CFX tokens. Users can access the tokens through Conflux eSpace, Conflux Core Space and the BNB Smart Chain.

CFX reacted to the Binance news with a sharp price increase. 

CFX price prediction

Conflux price recently broke out of a symmetrical triangle pattern. However, the sharp rise to the multi-week highs of $0.45, sellers appear to be returning as the 4-hour RSI suggests CFX is overbought.

Conflux price movement on the 4-hour chart. Source: TradingView

The 4-hour MACD indicator shows bulls remain in a strong position though and likely selling pressure as investors take profits could see CFX/USD rely on a new support level at the previous hurdle of the symmetrical triangle resistance trendline.

In the short term, a bullish outlook for Conflux price will remain in place if buyers consolidate gains above $0.42. If not, then bears can target fresh moves below $0.40, with $0.36 providing the primary support level.

The post Conflux price prediction: CFX outlook after 15% spike today appeared first on CoinJournal.