Monat: April 2023

2023 is the year in which the crypto rebound hopefully gets into full swing following a disappointing 2022. One project arousing exceptional interest among investors and trading groups on Reddit and Telegram is AltSignals’ ASI presale. Already a market leader in trading signals, AltSignals has set itself up as arguably one of the best crypto projects to invest in this year due to an exciting adoption of AI technologies designed to turbocharge its trading capabilities.

Here’s why investors are scrambling to get their hands on this exciting new coin during its presale event.

AltSignals: Assisting crypto gains since 2017

AltSignals was launched in 2017 and has grown to become one of the leading providers of trading signals for a vast community numbering more than 50,000 members, 1,400 of whom enjoy all the perks of AltSignals’ VIP group. AltSignals has focused on setting itself apart from competitors by ensuring it produces the most accurate trading signals available in crypto, Forex, and stock markets via its market-leading AltAlgo™ trading tool.

This algorithmic trading indicator has operated in tandem with a team of leading expert traders to generate more than 1,500 signals for traders scattered across the globe. A Binance Spot signals program in January 2023 saw a 94% win rate across 17 trades, achieving returns of 175% in a single month. This success came hot on the heels of a whopping 384% return in December 2022. 

AltSignals’ performance is backed up by almost 500 positive reviews on Trustpilot, resulting in a 4.9/5 star rating, making it one of the most-trusted providers of trading signals. Now AltSignals is seeking to take its outstanding platform into another realm with the launch of the ActualizeAI trading stack and ASI coin.

What is the ASI token?

The ASI token underpins the entire AltSignals’ ecosystem, including the development of ActualizeAI, which will bring a pioneering AI capability to AltSignals. This looks likely to help AltSignals play a significant role in the crypto rebound by harnessing the power of machine learning, natural language processing (NLP), reinforcement learning, and predictive modeling to increase the frequency and accuracy of the platform’s signals.

Possession of the ASI coin will open up the actual value of AltSignals’ platform, beginning with the ActualizeAI trading stack and outputs. Community members holding more than 50,000 tokens will be granted lifetime access to ActualizeAI’s signals, while those holding fewer than 50,000 can enjoy a 1-year membership.

While this is a huge incentive to get involved in what looks like one of the best new crypto tokens of the year, holding the ASI coin unlocks several premium offers and opportunities for investors and traders to exploit.

For instance, ASI coin holders can join the AI Members Club, unlocking early access to some of the best presale opportunities with exciting new crypto projects from AltSignals’ affiliate partners or highlighted by ActualizeAI’s sentiment analysis feature. While opening up potentially rich opportunities to make serious profits, users can also boost their earnings by participating in regular online trading tournaments with lucrative prizes.

How high can ASI go in 2023?

The release of the ASI token has been deliberately timed to support the development of ActualizeAI’s trading stack, which will drive enormous levels of utility into the coin. In addition, ASI coin holders can vote on community-led initiatives that will govern the platform’s future direction, ensuring it continues to meet the needs of those it serves.

This alone would be enough to push the price of ASI higher once it’s released for public consumption. However, ASI has the fortune of being released as the crypto rebound continues to gather momentum, meaning it looks set to reap the full reward of being part of the next bull market in the coming months and years.

ASI’s presale will end at $0.02274 per token, which looks severely undervalued. As a result, analysts are predicting significant gains for early coin holders in 2023, with many forecasting that $0.50 is more than achievable by the end of the year. This would represent enormous returns of more than 20x for any investor that reserved their ASI token during the presale.

The ASI presale could be the best crypto to invest in this year

It’s easy to see why many professional crypto analysts are naming ASI as the best crypto to invest in this year. The ActualizeAI trading stack could put AltSignals squarely on the map as one of the most comprehensive trading signal providers on the markets, with a flurry of new customers scrambling to sign up for access to its turbocharged outputs.

Meanwhile, with community-led governance and a user-feedback system, all products will be fully peer-reviewed and tested by real traders, allowing AltSignals to fully optimize ActualizeAI’s algorithm and provide the best possible outputs to its community.

Interested investors are advised to act fast, with the stage 1 round selling out quickly at the lowest possible price of $0.015. ASI will never be this low again, meaning time is running out for investors to make the best potential returns with the crypto rebound squarely gathering pace.

You can participate in the AltSignals presale here.

The post Crypto Rebound is in Full Swing. Here’s why AltSignals’ ASI Could be the Best Crypto to Invest in. appeared first on CoinJournal.

Key Takeaways

• Bitcoin led markets on a ride Wednesday, surging from $28K to $30K before shedding 7% in an hour
• Surge had come following optimism for liquidity injection from Fed, as banking issues resurfaced at First Republic and shares cratered 50% 
• Markets are too thin and prone to these large price swings, writes our Head of Research, Dan Ashmore 
• Highlights how dangerous the sector can be in the short term, he says, warning enthusiasts to be careful

I wrote a few days ago about the state of crypto markets, warning that volatility was incoming following an unusually calm period for digital assets. 

Last night that volatility came, and it came hard. It doesn’t make me a genius, as the timing was nothing more than blind luck, but it does demonstrate my point. The crypto markets are currently highly sensitive, even more so than usual, and that won’t change anytime soon. 

On Wednesday morning, Bitcoin jumped from $28,300 to close to $30,000 in the space of a couple of hours. This came as First Republic Bank announced it had been subject to $100 billion of withdrawals last quarter, its share price tanking 50%. 

Despite what enthusiasts may argue, crypto did not rise because the fiat world is collapsing, the banking sector going the way of the T-Rex and the dodo bird. Some decried crypto as a store of value outside of the creaking system, scooping up panicking investors fleeing the fiat world. 

Sure, in the long term, there could be discussion to be had here, but that is for another day. Instead, it appears likely that coins surged in anticipation of more liquidity injections from the Federal Reserve. 

In other words, crypto did what it has been doing all year: moved in response to expectations around the future path of monetary policy. A quick look at Bitcoin’s correlation with the Nasdaq shows this, now at a near-perfect 1 on a 90-day rolling basis, should affirm this. Bitcoin, and crypto as a whole, continues to trade like a highly risky tech stock. 

But back to volatility. After the surge Wednesday morning, Bitcoin then plunged from $29,700 to $27,700, a 7% red candle in a little over an hour. As of Thursday morning, it is back at $29,000, as it reverberates all over the place, struggling to make up its mind.  

Rumours swirled around the possible movement of Mt Gox coins, while some pointed to the apparent US government wallets becoming active. I had a quick look into these and it’s ultimately impossible to prove the two developments are connected. They may be, but it’s not clear that this is what caused the sharp fall. 

In reality, this is exactly what I was pointing to earlier this week. Whatever the reason for the plunge, crypto markets are incredibly thin right now and primed for violent moves. 

Capital has flooded out of the space over the last year at a remarkable pace. One nice way to illustrate this is by looking at the stablecoin balance on exchanges (deep dive here). Since December, over half the stablecoin balance on exchanges has evaporated, translating to $21.7 billion. 

While the horrors of the FTX collapse may be banished to the back of investors’ minds, the effect on the crypto industry remains real. Alameda was a large market maker in the space, with that hole not filled since. Then there is the psychological impact; crypto’s reputation has taken a ferocious blow, with institutions scaling back perceptibly from the space. 

This has left liquidity low, and with low liquidity comes more volatility. Moves in either direction are amplified, which is what we saw yesterday. Looking at data from Coinglass, liquidations swelled for both longs and shorts, $180 million for the former and $130 million for the latter. 

This volatility won’t go away anytime soon. Crypto was always more illiquid and prone to big moves than most mainstream asset classes, and this chasm has only widened in recent months. 

It’s part of the reason why crypto remains so dangerous over a short-term time horizon. Get caught on the wrong side of one of these moves, and your investment can evaporate in an instant. 

Oftentimes, there is no rhyme or reason, with the markets highly capricious. But with liquidity thin, it only needs a small spark and then liquations can cascade, sentiment can shift in the blink of an eye and prices can go wild. 

Be careful. 

The post Crypto has a wild day as $300 million liquidated: a story that won’t change soon appeared first on CoinJournal.

• MultiversX price jumped sharply on Thursday.

• This happened after Upbit listed the coin in its ecosystem.

MultiversX price jumped sharply as investors reacted to the latest listing in Upbit, one of the leading crypto exchanges. EGLD jumped to a high of $52.01, the highest level since February 21 of this year. In all, the coin has risen by more than 37% from the lowest level this year.

Why is MultiversX soaring?

MultiversX, formerly known as Elrond, is a leading blockchain project that aims to be a good replacement for Ethereum and Solana. Its main advantage over Ethereum is that it was one of the earliest blockchains to adapt the sharding technology. 

First implemented by Ziliqa, sharding is a technology that boosts transaction throughputs by breaking blocks into smaller pieces known as shards. MultiversX is also highly cost-effective for users, with the average transaction cost being about $0.0022.

MultiversX has been embraced by developers creating dApps in industries like DeFi, non-fungible tokens, and the metaverse among others. According to its website, the network has over 2.2 million wallets and has completed over 314 million transactions.

The main reason why the EGLD price is surging is that Upbit decided to list the coin. This is a major event since Upbit is one of the biggest exchanges in the world with over 8.6 million customers globally.

In most cases, we often ss cryptocurrencies jump after a major exchange listing. For example, as we wrote here, FlokI Inu price jumped this week after it was listed by Binance US. Historically, these gains tend to be short-lived.

$EGLD is now listed on @Official_Upbit, the world’s 1st crypto exchange by fiat volume & 2nd largest by spot volume.

Opening up EGLD trading for 8.9M+ users.

Deposits and trading are live on the EGLD/KRW and EGLD/BTC pairs.https://t.co/r7yuMjNAT3 pic.twitter.com/wE3cFjpAij

— MultiversX (@MultiversX) April 27, 2023

EGLD price prediction

The daily chart shows that the EGLD price made a bullish breakout after being listed in Upbit. It moved above the 50-day moving average and retested the key resistance point at $52.01. This was an important level since it was the highest point in February.

Therefore, I suspect that EGLD will retreat slightly in the next few days and then resume the bullish trend. The final part will depend on the performance of other cryptocurrencies like Ethereum and Bitcoin. 

How to buy MultiverseX

Binance

Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600. Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.

Buy EGLD with Binance today

OKX

OKX is a top cryptocurrency exchange which offers over 140 cryptocurrencies to invest in. OKX takes customer security very seriously, they store almost all of their clients‘ funds in cold storage, and the exchange is yet to be hacked. On top of this, the exchange offers very low fees and customers can even use their crypto as collateral for loans on the platform.

Buy EGLD with OKX today Disclaimer

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