Kategorie: Crypto Markets

• AltSignals is riding the AI hype with its blockchain AI-powered AI ecosystem.
• The project is currently conducting a presale for its native token, ASI.
• The ASI cryptocurrency will be the backbone of the AI ecosystem.

Artificial intelligence has become quite a sensation and it is taking over almost all industries. From OpenAI’s ChatGPT chatbot to Elon Musk’s xAI Company and the recently launched Worldcoin cryptocurrency, AI is becoming a force to reckon with.

Although widely seen as a reserve of big tech companies like Google and Microsoft, blockchain startups are also leveraging the power of AI to streamline their services. One such startup is the AltSignals, which has been providing financial market traders including cryptocurrency traders with trading signals since 2017.

Five years of providing trading signals

Thanks to its high-end trading toolbox, AltSignals has drawn a sizable and devoted community of online traders since 2017. Due to its incredible success rate when disseminating trading signals, the AltAlgo indicator has assisted day traders in 10xing their portfolios.

AltSignals originally used the AltAlgo indicator whose algorithm examines price movement to predict when it is optimal to buy or sell cryptocurrency tokens. This can enable anyone to progress as a trader without having to invest a lot of time in their trading education.

AltSignals is currently broadening its selection by releasing a number of new AI-powered technologies that increase the profitability of its trading signals.

AI-generated trading signals

With a ground-breaking upgrade supported by cutting-edge technologies like artificial intelligence, machine learning, natural language processing (NLP), and advanced sentiment analysis, AltSignals is ready to take its already prosperous trading signals generation business to new heights with its new AI-powered ActualizeAI project.

With the help of these cutting-edge technologies, traders will have access to completely automated, round-the-clock trading that will increase accuracy, trade entry, clearly defined risk management and confluence clarity. To complement trading activities, advanced sentiment analysis will also be supplied.

ActualizeAI is intended to revolutionize the trading game with machine learning. Its algorithm will be expertly trained to identify patterns in market data, giving traders the edge they need to make informed trades.

The team behind the project also anticipates moving towards predictive modelling once they have fully deployed the regression models.

ActualizeAI combines both AI and blockchain technologies. Since AI can process data considerably more quickly than the human mind, it can provide outstanding trade signals quickly and reliably.

Besides receiving precise trading signals, traders will also be required to own the ASI cryptocurrency to join the ActualizeAI Club which will offer members access to the newest trading tools as soon as they are released by AltSignals, the option to partake in trading competitions for the chance to win bitcoin incentives, and much more.

Is AltSignals a worthwhile investment?

With significant initiatives being worked on by Microsoft, Alphabet (Google), and OpenAI, AI has entered the mainstream in 2023. AltSignals has a similar strategy, utilising AI to upend the trading sector.

AltSignals has an advantage because it was founded in 2017 and has experience.

ActualizeAI by AltSignals will combine machine learning and natural language processing with the existing popular AltAlgoTMtrading indicator.

The project’s devoted community of 50K signals users raised over $100K during the beta stage of the presale after which more and more crypto investors have poured into the ongoing ASI presale that has so far raised a total of $1,213,312 with two presale stages to go. If you are interested in purchasing the ASI token, you can do so here.

Delivering consistent, extremely precise signals every day for both traditional and cryptocurrency markets from a single platform and source of truth is expected to push AltSignals’ success even higher in the coming months. This will also impact the value of the ASI cryptocurrency, which is at the core of the entire AltSignals’ AI ecosystem.

The post AltSignals revolutionizing the trading signals industry through blockchain and AI appeared first on CoinJournal.

• Tezos (XTZ) price is down 2% this past week as cryptocurrencies struggle for direction.
• XTZ trades near $0.80 and risks declines to $0.65 if bears take control.
• However, network metrics suggest a resurgence in activity after recent upgrades – which could catalyse upside momentum.

Tezos is largely unchanged in the past 24 hours as most cryptocurrencies either retreat from recent highs or consolidate at levels that have held for much of July.

XTZ, which traded to highs of $0.90 on Monday, looks to be in the former group as its price hovers near $0.80. The coin’s current price levels are at a similar base seen on July 12 when bulls went on to test resistance above $0.92.

Tezos upgrades could catalyse network growth

According to data shared by crypto market intelligence platform Messari, Tezos has seen reduced activity since Q4, 2022. Account-related metrics such as active accounts have declined by 20% in the last three months compared to the first quarter.

The network has also recorded a decrease in new account registrations, with this down 16% QoQ, Messari pointed out in a report.

However, according to Messari, Tezos’ recent upgrades of Mumbai and Nairobi could catalyse fresh network growth. For instance, Mumbai has enabled decentralised app development via different languages, a scenario that will attract more developers to build on the network.

5/ Additionally, the recently released #Nairobi upgrade added notable features including an up to 8x increase in TPS, new functionality for Smart Rollups, a renaming of endorsements to attestations, faster propagation of pre-attestations, and more.

— Messari (@MessariCrypto) July 25, 2023

The Nairobi upgrade is another development that could bump usage, particularly with the TPS increased 8x and introduction of Smart Rollups among other improvements. Can these positives help XTZ price?

XTZ price prediction

As shown in the chart below, the price of Tezos’ native token has largely fluctuated between $0.65 and $1.2 since November 2022.  But with a breakdown below $1 in recent weeks, it looks like bears could aim for the range lows again.

Here the 20 and 50 EMA suggest robust resistance at $0.98 and $1.26. Tezos bulls can target $2.0 if they achieve the above.

The post Tezos price prediction: a look at XTZ and network metrics appeared first on CoinJournal.

• Alchemix and Connext say the new token standard will benefit token issuers.
• DeFi bridges suffered exploits that saw over $2 billion stolen in 2022.
• Multichain bridge, which recently announced it was ending operations, is among those to be drained this year.

DeFi protocol Alchemix and cross-chain bridge Connext have partnered in an effort that aims to introduce robust security to crypto bridges.

As announced by Alchemix, the two platforms are working together on a new Ethereum token standard dubbed xERC-20. The platforms revealed the move on Monday.

We’re extremely excited to embrace the #xERC20 token standard that encourages open competition & innovation. Reduced liquidity costs for token issuers + granular security 🙌.@AlchemixFi is the 1st adopter via @ConnextNetwork, with more trailblazers to follow!

1/9 pic.twitter.com/ujUCVjhTY9

— Connext (@ConnextNetwork) July 24, 2023

xERC20 token standard increases DeFi bridge security

Per Alchemix and Connext, the new token standard empowers token issuers in several ways, including in bridge management, setting of mint limits, and allowing certain bridges to access identical token mints.

“It’s a bridge-agnostic public good and requires minimal or no custom work for most ecosystems to support,” Connext noted.

“We’re wholeheartedly embracing xERC20 at Connext because we envision a secure and innovative future for tokens and blockchain communication. As the HTTP of Web3, we’re all about making blockchain apps more user-friendly & minimizing security risks,” the protocol added in details shared on X.

According to the team, projects that deploy the new xERC20 token standard with Connext benefit from increased security against potential DeFi exploits. There’s also 1:1 token transfers between chains with zero slippage.

The integration comes not long after the Multichain Bridge was breached in an attack that saw it lose close to $130 million. The protocol recently announced it was halting operations. 

Chainalysis reported that token bridge exploits saw more than $2 billion in crypto assets stolen in 2022. This year has continued to see such vulnerability, with millions siphoned from platforms as the sector grapples with increased hacks.

The post Alchemix, Connext eye bridge security with xERC20 token standard appeared first on CoinJournal.

• Avalanche Foundation wants to promote tokenization on Avalanche with the $50 million program.
• The tokenized assets initiative is dubbed Avalanche Vista.
• A recent survey report suggested 77% of capital markets participants believe in tokenization of securities.

The Avalanche Foundation has announced an allocation of up to $50 million towards an initiative aimed at pioneering the future of tokenization on the Avalanche blockchain.

According to the foundation, the funds will be used to purchase tokenized assets, or “real world assets” minted on Avalanche. 

Today, the Avalanche Foundation introduces Avalanche Vista, a $50M initiative to pioneer tokenization on #Avalanche

Tokenization is poised to be one of the most impactful blockchain innovations of the next decade, and Avalanche is uniquely equipped to power these systems. pic.twitter.com/ZWy109CMCi

— Avalanche 🔺 (@avax) July 25, 2023

Eyeing tokenization on Avalanche

“Avalanche Vista,” is meant to demonstrate how tokenization is a valuable process in the creation of an on-chain digital representation of real world assets, the team noted. The allocation will help accelerate the growth of on-chain finance, with tokenization showcasing the critical role of blockchain across use cases such as asset issuance, settlement, and transfer.

Per the announcement, Avalanche Vista will apply across all types of assets, both traditional and blockchain-native. For the former, the program will consider equity, real estate, commodities, and credit. 

“Asset tokenization isn’t just the future of capital markets, it’s a critical driver of the present,” Ava Labs President John Wu said. 

He noted that the industry is seeing greater momentum from institutions building on-chain, and that Avalanche Vista is a milestone for Avalanche Foundation with regard to promoting this initiative.

Avalanche’s program follows a number of key developments within the asset tokenization space. Among these was the tokenization of interest in the KKR fund and the launch of tokenized assets marketplace IntainMARKETS.

A recent report by Security Token Advisors revealed that about 77% of participants across the capital markets see traditional securities being digitized over the next five to ten years. Meanwhile, the tokenized securities market is projected to grow to $20 trillion by 2030.

The post Avalanche Foundation allocates $50M to new tokenization program appeared first on CoinJournal.

• Dogecoin price rallied to above $0.076 on Tuesday, a day after Elon Musk’s Twitter rebranded to X.
• Shiba Memu (SHMU) presale on the other hand has seen $1.14 million raised so far amid huge interest in meme tokens.
• The launch of the Shiba Memu’s AI dashboard could have a significant impact on the token’s performance.

Shiba Memu’s presale is on fire with nearly 40 million SHMU sold and over $1.14 million raised within weeks of the revolutionary meme project’s token sale launch.

Meanwhile, meme coins have added more than $730 million to their total market cap in the past 24 hours, with most of that down to Dogecoin (DOGE)’s latest pump.

Elon Musk’s X Payments could add Dogecoin

DOGE price rose to highs of $0.078 early Tuesday after a spike in positivity since Monday, primarily injected by Twitter’s rebranding to X. More than that, the speculation that X could incorporate DOGE in its payment feature sees Dogecoin price on the verge of what could be a mega upside leg.

Elon Musk hinted at the possibility of DOGE becoming a payment currency on the rebranded X platform when he put the meme coin’s symbol next to the X logo in his bio on Monday. That action fuelled speculation that the cryptocurrency could soon be part of the “everything app” that Musk and team envision for X.

Raoul Pal, CEO of Real Vision believes this is a possibility even as he sees AI playing a big role in X’s future developments.

“Two things I’ve said when Elon bought “X”:  Elon bought it for the AI, and the free speech angle is to give it an unbiased model. He needs the AI to train the Optimus robot. He will use crypto to be able to make global payments for creators etc. My guess is he uses Doge.”

What makes Shiba Memu different from Dogecoin?

What sets Shiba Memu apart from Dogecoin and other meme coins is that it integrates blockchain technology and artificial intelligence to create an autonomous marketing powerhouse. 

While most meme coin ecosystems, including Dogecoin, rely on market hype for traction, Shiba Memu is taking the game a notch higher by making this entirely AI-driven.

Its AI technology works via robotastic dashboard – the marketing genius behind this project and one that could catapult the project above rivals in terms of community traction and adoption. Two narratives likely to put Shiba Memu on top is the increased adoption of crypto and the emergence of AI as a strong narrative.

Visit the Shiba Memu presale page to learn more.

Dogecoin price prediction

While Musk could go for any other coin when he eventually integrates crypto into X Payments, much of the global speculation is that DOGE sits at the top of the list.

If this happens, we could see the price of Dogecoin could skyrocket. The same happens in 2021 when Tesla announced it would accept DOGE as payment method for car purchases. Dogecoin hit its ATH of $0.73 in May 2021, rallying from lows of $0.009 in January for a staggering 362x gain in four months.

In 2023, Dogecoin has fluctuated between $0.10 and $0.06 and currently hovers below $0.08.

Although the immediate target remains the elusive $0.1, bulls are likely to see the all-time high of $0.73 as the barrier that will need to be broken if DOGE has to hit $1. A move by Elon Musk’s X could catalyse such a breakout.

Does Dogecoin price impact Shiba Memu?

Dogecoin is the top meme coin by market capitalization, and also the most popular one today thanks to its status as the original meme token. The native DOGE’s rally in 2021 and on multiple occasions whenever Musk tweets about it has seen other meme coins pick up some upward momentum.

In fact, it is this scenario that has seen several dog-inspired tokens spawned, particularly in 2023. The likes of PEPE and FLOKI have as a result gained massive traction and are competing to take a chunk of the DOGE market.

Shiba Memu is no different and its trajectory could follow the popular meme tokens’ recent spectacular price gains.

SHMU will be priced at $0.0244 at the end of its 8-week presale. Per the roadmap, the AI dashboard will go live in Q1, 2024 and SHMU will list on exchanges in Q3 that year.

While Shiba Memu price might not mirror DOGE’s 2021 explosion, the meme project’s unique model has the potential to fuel a enourmous price rally.

Do you want to join the presale? Click here.

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