Monat: Juni 2023

• Officials at OpenAI believe that artificial intelligence will disrupt all industries. 

• The Chief Operating Officer expects the tech to lead to major layoffs.

• AltSignals has raised over $1M in its highly successful token sale.

Artificial intelligence is one of the most disruptive industries of our time. Some analysts are comparing it with the innovation of the smartphone while others believe it is equivalent to the introduction of the internet. In a statement, Brad Lightcap the COO of OpenAI, warned that the industry will likely lead to substantial job losses in the future. He said this as AltSignals raised over $1 million in a token sale.

AI will disrupt all industries

Analysts believe that the artificial intelligence industry will disrupt all sectors of the economy. Today, many brand new cars have incorporated AI that help people improve their driving skills and reduce accidents. Companies like Tesla and General Motors use AI and machine learning to power their self-driving vehicles.

Similarly, news organizations like BuzzFeed are using AI to write content while Grammarly is helping content writers identify mistakes. It is also possible to write quality content using AI platforms like Bard and Bing. 

In a statement, the Chief Operating Officer (COO) of OpenAI, the creator of ChatGPT said that he believes that many jobs will be eliminated as companies embrace AI. He said:

“Every large company has an army of people that read and review contracts for revenue recognition purposes, for example. You may not have that job. That may not be a job of the future.”

Studies believe that the AI industry will be worth trillions of dollars in the next few years. Data compiled by Statista shows that the industry was generally valued at $95.2 million in 2021 and that it will hit over $1.8 trillion by 2030. Today, several AI companies like C3 and Nvidia have become multi-billion dollar entities.

AltSignals to disrupt finance

Another area that will see disruption is in the financial services industry. In fact, the sector is already seeing disruption with many hedge funds now using the technology to conduct analysis and implement orders.

AltSignals is one of the upcoming projects that seeks to leverage the technology to boost its business. For starters, AltSignals is a company that provides technical analysis and signals to customers from around the world.

Its current business model involves conducting technical analysis and identifying trading opportunities. It uses indicators like moving averages, Relative Strength Index (RSI), and the MACD.

While its trading signals are accurate, the management believes that embracing AI will make them better. According to its white paper, the technology will combine machine learning with natural language processing. Other technologies are regression and predictive modeling.

ASI token sale continues

As part of this development, the creators are running a token sale where users can participate in the project. Anyone can buy the ASI token for just 0.015 USDT. In the next stage, the price will jump by 25%. A lot of people have already bought the token. As you can see here, the token sale has raised over $1.011 million, which is equivalent to 93.68% of all tokens. 

The ASI token will power the AltSignals ecosystem. While it will be centralized initially, the developers hope to decentralize it in the future. This means that holders will be able to vote for the ecosystem’s growth and share the profits.

The post AI to disrupt all industries as AltSignals token sale raises over $1M appeared first on CoinJournal.

– Dogecoin price has moved sideways in the past few days.

– The coin has formed a bearish flag pattern on the daily chart.

– There is a likelihood that it will soon have a bearish breakout.

Dogecoin price has moved sideways in the past few days as the recent sell-off eased. The DOGE coin was trading at $0.061, where it has been at in the past few days. This price is sharply lower than the year-to-date high of $0.1052.

Regulations and monetary policy

Dogecoin price has been flat recently as investors assess several important events. First, there are concerns about the regulatory status in the US and other Western countries. The SEC has already sued companies like Binance and Coinbase, as we wrote here. 

Other countries are cracking down on crypto exchanges. For example, Binance recently announced that it was exiting its Netherlands operations. The UK and France are also investigating the company. As such, there is a likelihood that the industry will see more outflows in the coming months.

Dogecoin seems to be safe during all this since the SEC has not declared it as a financial security. Instead, because of how it works, the coin could be classified as a commodity. Unlike Shiba Inu, Dogecoin is a proof-of-work coin that has no staking features.

Therefore, there is a likelihood that Dogecoin will benefit if exchanges decide to delist tokens that are seen as securities.

Dogecoin price is also reacting to the latest monetary policy news. The Federal Reserve decided to leave interest rates unchanged last week. With inflation falling, there is a likelihood that the bank will continue pausing for the rest of the year.

Meanwhile, the recent news that Blackrock has applied for a Bitcoin spot ETF is a positive thing for Dogecoin price. It is positive news because it is helping to ameliorate the recent regulatory challenges in the industry. 

Dogecoin price prediction

The daily chart shows that DOGE price has been in a strong bearish trend in the past few weeks. As it dropped, the coin remained comfortably below the important 25-day and 50-day exponential moving averages. 

Dogecoin is now sitting at an important support level, which was the lowest level on March 10th of this year. It has also formed a bearish flag pattern, which is usually a bearish sign. Therefore, there is a likelihood that the coin will continue falling as sellers target the next key support level at $0.05, which is about 20% below the current level.

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The post Dogecoin price prediction: rare pattern points to a 20% DOGE dip appeared first on CoinJournal.

• A diversified portfolio with gold and Bitcoin makes sense as Bitcoin’s trading volume rises
• Gold’s stability offsets Bitcoin’s volatility
• This way, investors may participate in Bitcoin’s upside potential without compromising on risk parameters

Portfolio management deals with managing risk. All risk cannot be avoided, and a risk-averse investor would not want to take no risk.

Instead, a risk-averse investor would like higher risk-adjusted returns. Naturally, the higher the potential return, the higher the risk.

Investors build portfolios of different assets to find the best possible risk-adjusted returns. Ideally, the assets have a negative correlation, thus bringing diversification benefits to the investor.

But it also makes sense to build a portfolio with correlated assets. While the portfolio is riskier, some other asset properties may appeal to investors willing to take a bigger risk.

As Bitcoin’s average daily trading volume rises, such a diversified portfolio may contain gold and Bitcoin.

Why to add gold and Bitcoin to a portfolio?

Diversified portfolios spread the risk across uncorrelated assets. A portfolio manager’s challenge is finding that diversification level beyond which diversification brings no benefits anymore.

Traditionally, gold’s role in a portfolio is to bring stability. By adding Bitcoin to a portfolio, one may participate in the cryptocurrency’s upside potential and, at the same time, mitigate the risk associated with Bitcoin’s volatility by combining it with gold.

The post Gold and Bitcoin – the perfect portfolio combination appeared first on CoinJournal.