Monat: Mai 2023

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AltSignals (ASI) price outlook as AI hype sends AI-based tokens through the roof

  • AltSignals is a financial markets trading signals service provider and it is working on an AI-based algorithm.
  • AltSignals is currently conducting the presale of its new AI-based native token ASI.
  • The ASI presale is currently in the second phase.

The hype around artificial intelligence (AI) technology has found its way into the crypto world and AI-based cryptocurrencies are seeing quite a boom buoyed by the AI hype.

Most of the AI-based cryptocurrencies are relatively new and were launched after the launch of OpenAI’s AI-based chatbot ChatGPT. Over the last seven days, most of these tokens have seen a triple-figure price rise. Omax Coin (OMAX) has raised by 108%, Forta (FORT) by 106%, and ChainGPT (CGPT) by 59%, just to mention the top three AI-based crypto gainers over the last seven days.

AltSignals’ AI-based project prospects

Since its launch in 2017, AltSignals has grown popular for providing quality trading signals to over 50,000 Telegram members. Its trading signal service has earned a 4.8 out of 5-star rating on Trustpilot.

Currently, the AltSignals team wants is working on upgrading its signal-generating service after its early success. The team is seeking to integrate artificial intelligence, natural language processing, machine learning, and advanced sentiment analysis in signal generation.

The new AI-powered trading platform, dubbed ActualizeAI, will be powered by the ASI cryptocurrency, which will be the unit of membership in ActualizeAI, with holders being able to vote on the governance of the platform.

AltSignals is currently conducting the presale of the ASI token and it is now at the second stage of the presale which at press time was 65.08 % sold out. Interested crypto investors can participate in the presale here.

Going by the success that ChatGPT has had since its launch towards the end of 2022, AltSignals’ ActualizeAI project could also receive a significant uptake. The quick sell-out of the first AltSignals’ presale stage, the BETA stage, is already a testament that investors have confidence in the ActualizeAI project.

Should I buy the ASI token?

Well, the cryptocurrency market is extremely volatile and it can be quite a risky investment. Nevertheless, people have taken advantage of the crypto price movements and earned a good amount of money.

Although the ASI token is still new in the market, its price has been on the rise since the start of the presale. In the BETA stage, it was selling at $0.01200. It has increased by 25% to the current price of $0.015.

According to the schedule provided by AltSignals on its official website, the ASI is expected to continue rising in the remaining presale stages. It is projected to sell at $0.02274 at the end of the presale.

AtlSignals (ASI) price outlook after presale ends

AltSignals has already earned itself a reputation within the trading signals service market, which is a good proponent for the ASI token. Investors at least know they are investing in a trusted company which has been in the market for the past five years.

The price of ASI could skyrocket just like its AI-based cryptocurrency peers once ActualizeAI goes live and starts attracting active users. Also, the ASI token is scheduled for listing on Uniswap and several other centralized exchanges once the presale is concluded; something that could further add impetus to the price surge.

The post AltSignals (ASI) price outlook as AI hype sends AI-based tokens through the roof appeared first on CoinJournal.

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AltSignals (ASI) outlook strengthens as Fed signals rate pause

  • AltSignals (ASI) token sale continues as crypto is poised to react higher.
  • This follows hints by the US Federal Reserve of pausing interest rate hikes.
  • ASI token could also benefit from expected explosion in interest around artificial intelligence (AI) projects.

Artificial intelligence continues to make waves, with both consumers and businesses looking to tap into opportunities being presented by the technological leap. Airbnb CEO Brian Chesky said in an interview with CNBC on Thursday that AI could be bigger than the internet revolution.

AltSignals, a trading signals platform looking to upgrade its algorithm by introducing an AI-powered layer, is among those attracting huge attention. The AltSignals presale is in progress, with the second stage nearly 70% sold out.

Fed pause could see crypto prices react higher

Bitcoin price currently hovers near $29,000 after investors reacted positively to the US Federal Reserve’s signal that it could pause its interest rate hike trajectory. 

The Fed’s hint towards taking a more cautious approach came after it raised rates by another 25 basis points on Wednesday. The US central bank’s interest rate rose to the 5.00%-5.25% range after the latest hike. It comes amid fresh uncertainties amid bank failures, warnings about the US debt ceiling and the continuing issue of inflation. 

Fed Chair Jerome Powell hinted to this in his speech, with the next FOMC meeting now of key interest to investors. With an end to the rate hike cycle likely coming, it could be time for markets to find new momentum, which we highlight here.

The scenario in the crypto sector will likely be where interest in established assets like Bitcoin, Ethereum, Litecoin and others, spills into projects in categories such as layer 2s, GameFi, play-to-earn and artificial intelligence.

Why would now be a good time to buy AltSignals?

Investors are likely to continue seeing Bitcoin as a safe haven asset amid ongoing bank failures and economic woes that impact traditional assets. Crypto as a whole is also proving quite attractive as a way for people to diversify their portfolios.

If the expected Bitcoin bull cycle sets in, soaring market could catapult ASI token higher – a scenario seen with other projects that launched during the last bull market. As crypto edges closer to the historically bullish period marked by BTC halving, taking positions with ASI at current presale prices could prove a great investment.

Even if crypto fails to take on a new bull run going into its 2024 halving, the utility that ASI offers and the growing adoption of AI-powered tools in the trading market could be enough to propel AltSignals higher when it launches.  But as always, it is advisable to remember that investing comes with risks, which is true of crypto, including presales of new tokens.

What’s unique about AltSignals?

AltSignals launched in 2017, offering a trading signals and market alerts for cryptocurrencies, stocks and forex. Now the platform has planned an upgrade to its trading algorithm, with artificial intelligence, machine learning and natural language processing.

The upgrade is set to launch later this quarter via an AI layer dubbed ActualizeAI, and will see traders benefit from 24/7 trading signals with improved accuracy and risk management. The system will be powered by the ASI token, a native token that will offer holders access to all trading signals on the new AI-powered system.

Unlike many new projects, AltSignals (ASI) is a project that already boasts a growing community and ready market for its product. Trade calls can be traded on major exchanges and brokers, including those for all the top cryptocurrencies and major forex pairs.

Taking a working product and bumping its capacity with new advanced capabilities is a strategy that could see AltSignals take huge strides as a leading trading signals provider – with traders able to benefit across both bear and bull markets.

As for the ASI token, holding it will not only give the investor access to ActualizeAI, but also to a membership club, trading tournaments and an upcoming DAO. The AltSignals presale could therefore be an opportunity for interested investors to buy the tokens at potentially low prices.

The AltSignals presale is expected to end in the next few weeks, with the token’s price set to increase from $0.015 to $0.02274. The ASI token is issued on the Ethereum network and will trade on exchanges such as Uniswap when it goes live.

You can invest in AltSignals by buying the ASI token here.

The post AltSignals (ASI) outlook strengthens as Fed signals rate pause appeared first on CoinJournal.

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Fed’s decision had no impact on the crypto market – yet

  • Federal Reserve raised the funds rate by another 25bp
  • Jerome Powell hinted at the end of the tightening cycle
  • The US dollar did not move following the Fed’s decision

The Federal Reserve of the United States (Fed) delivered its interest rate decision yesterday. It was, by far, one of the most important Fed meetings because of the tough job lying ahead of Chair Powell.

It was all about communication. On the one hand, the Fed tightened financial conditions again by raising the funds rate by 25bp.

On the other hand, it wanted to say that it was time to pause the rate hikes without the market understanding that rate cuts would follow. The market, however, priced in several rate cuts until the end of the trading year – something that Powell dismissed completely.

However, it would not be the first time when the market forced the Fed to do something it did not plan to. Therefore, there is always a struggle to find the right balance between the appropriate monetary policy decision and the right way to deliver it.

Bitcoin chart by TradingView

The crypto market did not move following Powell’s press conference

The rate hike was largely priced in way before the Fed’s statement. However, the press conference was supposed to move markets.

But it did not. The US dollar traded in a tight range, which was also obvious in the cryptocurrency market.

Bitcoin, for example, moves in a tight range for the industry’s standards and is still trading at levels seen at the start of April.

Part of the reason for the lack of activity might be attributed to Jerome Powell. He delivered a great press conference that left no doubts about the Fed’s intentions. Hence, both bulls and bears were content, and now the focus shifts to the jobs report on Friday.

The post Fed’s decision had no impact on the crypto market – yet appeared first on CoinJournal.