Monat: Juni 2023

• Analyst on AI: It’s transformational and an internet moment that could spark further growth across major tech companies.
• AltSignals is integrating AI-powered trading signals into its platform.
• The price of ASI will increase by 51% between the current and the final presale stage.

AltSignals is about to enter the next stage of its presale event, so far successful given investors have scooped nearly 80 million ASI tokens. But what do experts say about the AI play in mainstream tech space and what are the implications for crypto projects leveraging the narrative? 

Google said on Thursday that it welcomed regulation of the AI industry, with head of Google Cloud Thomas Kurian telling CNBC the tech giant’s engagements with EU regulators has been productive.

Elsewhere, Dan Ives, the managing director and senior equity researcher at Wedbush Securities, noted AI wasn’t just hype but technology that was set to be transformational over the next 20 to 30 years.

Notably, Ives’ bullish stance is down to the fact that tech behemoths backing the new trend are far more fundamentally resilient than the hype that impacted projects during the internet bubble.

In a CNBC interview aired on June 28, the Wedbush analyst pointed to Nvidia, Meta and Alphabet – soaring stocks as the companies are all expected to level up on their AI-informed guidance. The industry could see upwards of $1 trillion in inflows, Ives explained.

According to him, it’s an AI gold rush only paralleled by the 1995 internet and 2007 Apple iPhone breakout.

AI predictions and what it means for AltSignals?

Experts see regulation and belief in artificial intelligence among top global tech companies as indicative of the power of AI.

In a burgeoning sector such as crypto, it could be massive. Positioned for the expected upward trajectory is trading signals company AltSignals, which is leveraging AI to bring extra benefits to investors within the trading industry.

AltSignals in a nutshell

As a project, AltSignals launched in 2017, offering manual trading signals for traders on markets such as forex, stocks and crypto. The company provided these via its proprietary algorithm AltAlgo. The success of the platform has seen it grow to a popular provider of market signals, boasting an expanding community of users.

Yet, AltSignals might be poised for even more growth after incorporating an artificial intelligence layer dubbed ActualizeAI. The AI-powered platform is taking all the signals and putting them into a suite of AI tools that leverage machine learning and natural language processing to improve on accuracy.

ASI is the native token that will power that ecosystem, giving holders membership access among other benefits such as the chance to earn passively from staking and governance.

Is buying AltSignals’ ASI token worth it?

AltSignals is in presale, with over $100k raised in its beta stage. The current stage is 95% sold out and investors have backed the team with $1.03 million out of the targeted $1.08 million. With only 5% of stage 1 to go, investors have a very small window in which to buy ASI at current prices of $0.015.

When the next stage rolls in, the token’s value will jump to $0.01875. ASI’s value will have jumped by 56% in just a few weeks. In the end, the AltSignals presale is expected to finalise with ASI token price at $0.02274 – a notable 89% increase from the initial price of $0.012.  

Indeed, an investor who buys ASI today will still see a 51% upside on the value of their investment.

There’s much more information on the AltSignals page that investors can sieve through as they look to invest in this project. If you are interested, you can visit the page here.

Will AltSignals price reach $5 by 2024?

Crypto analysts suggest the crypto market could rally hard after the SEC approves the first spot Bitcoin ETF in the US. For a timeline, one analyst points to a potential upside over the next two months into the expected SEC deadline.

This could be crucial for AltSignals, which expects ASI to go live on exchanges in Q3, 2023 with listings on Uniswap, CoinGecko and CoinMarketCap. The roadmap then highlights listing on Bybit and Binance in early 2024. Delivering the project’s developmental milestones, and combining these with bullish market conditions could catalyse ASI price higher.

In 2023, the main target could be psychologically desired $1, while a push from here in the next twelve months could put bulls on course for $5. These projections are however dependent on market conditions and whether AltSignals’ AI play delivers. Growing the user base from the current 52,000 or so could be the first step in this direction.

The post AltSignals price prediction: analyst says investors see AI as an “internet moment” appeared first on CoinJournal.

• The Block says Fidelity is next in line to file for a spot bitcoin ETF.
• Oanda analyst Edward Moya shares his view on the Fidelity news.
• BlackRock also filed for such an exchange-traded fund last week.

Fidelity is in focus on Tuesday following a report that the asset manager was next in line to file for a spot bitcoin ETF.

Analyst reacts to the Fidelity news

The news arrives only days after peer BlackRock filed with the U.S. Securities and Exchange Commission for such an exchange-traded fund (find out more).

Fidelity refused to comment on The Block’s report this morning. But a Senior Market Analyst at Oanda – Edward Moya said:

There’s a lot of optimism here that you’re going to get a bitcoin ETF.

Others that have recently filed for a spot bitcoin ETF include Invesco, WisdomTree, Bitwise, and VanEck. Such filings helped bitcoin hit $31,000 this week for the first time in more than a year.

What a spot bitcoin ETF may mean for crypto

It is noteworthy here that Fidelity had filed for a spot bitcoin ETF in 2021 as well. At the time, it had faced rejection.

But this time could be different considering its peer BlackRock has filed for one as well and BlackRock has a reputation for making such a move only when it’s convinced that it will receive approval, as per Oanda’s Moya.

If that does get done, it could open the door for much more institutional money and probably some high-net-worth retail traders to get back into crypto.

Last week, Fidelity backed crypto exchange EDX Markets went live in the United States. On the downside, though, the U.S. regulator has recently filed lawsuits against both Binance and Coinbase Global Inc.

The post Fidelity may soon file for a spot bitcoin ETF appeared first on CoinJournal.

• Bitfinex P2P will support buying and selling of Bitcoin, Ethereum and Tether tokens USDt and EURt.
• The company is looking to bolster financial freedom and inclusion across Latin America.
• Bitfinex completed an investment in Chile-based crypto bank OrionX in May.

Bitfinex, one of the leading digital asset trading platforms, is making further inroads in Latin America as it seeks to bring financial freedom and inclusion to the region.

In the latest Bitfinex news, the company announced the launch of its peer-to-peer (P2P) platform for users in Venezuela, Colombia and Argentina.

Bitfinex P2P to support BTC, ETH and Tether

Dubbed ‘Bitfinex P2P,” the platform will offer people in the three countries an avenue with which to directly buy and sell Bitcoin (BTC) and Ether (ETH). Users of Bitfinex P2P will also access Tether tokens (USDt and EURt) as well as Tether Gold (XAUt).

The platform will also allow customers to swap digital tokens, according to details in a press release published on Tuesday.

Paolo Ardoino, CTO of Bitfinex said:

“By offering a reliable and efficient platform for P2P token trading, we are empowering our customers to engage with the marketplace in a way that affords maximum convenience based on their needs and preferences. We believe in the transformative power of Bitcoin and other digital assets, as well as the importance of providing greater access to innovative financial technologies worldwide.”

Bitfinex’s entry into the P2P market in the region is likely to be welcome news to crypto users after two of the leading P2P marketplaces in LocalBitcoins and Paxful shut down their operations. The expansion also comes after Bitfinex invested in Chilean “crypto bank” OrionX, a deal completed in May.

The post Bitfinex launches P2P platform in Venezuela, Argentina and Colombia appeared first on CoinJournal.