Kategorie: Crypto News

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Could AltSignals become the hottest token in 2023 as experts laud artificial intelligence?

  • AltSignals has generated more than $1.23 million in a fast-occurring presale

  • TicketMeta co-founder says AI is the biggest news of the century

  • AltSignals has the potential to rise by over 1,000% in the long term

Decentralised AI is still in its infancy, although the technology has been used for years. AltSignals, a trading signal platform, has embarked on AI transformation to capitalise on this trend. The platform has been popular with traders and is tapping into AI to supercharge trading. The signal service will launch an AI platform powered by a crypto token, $ASI. Within weeks, the presale has raised $1.23 million. You can participate in the presale through the company’s website.

Experts laud AI as the biggest news of the century

Although AI has been in use, its application is growing beyond the traditional borders. Irina Jadallah, the co-founder of NFT ticketing service Ticketmeta, says AI is the biggest news of the century. She recognises the latest AI-led innovations like Alexa, Siri, and ChatGPT. Jadallah believes AI has the potential to revolutionise many fields.

The Ticketmeta co-founder’s sentiments have been echoed across. AI technology is finding applications in crypto. The metaverse and the overall Web 3.0 space have been some of the blockchain application areas.

AI applications in the trading world are also fast expanding. AltSignals wants to tap into AI and blockchain to launch a new and improved signal-generation service. 

About AltSignals and AI trading service

AltSignals is a UK trading service with about 5 years of successfully delivering quality signals. The company covers different financial instruments like forex, stocks, and crypto. The signals average 64% accuracy rates. The company has raised over $2.2 million in revenues from the signals. The service is utilised by over 52,000 traders, with more than 1400 VIP members. 

The robust demand for trading signals has fueled the AltSignals team to consider AI. The company will launch a new platform dubbed ActualizeAI. To become a member, one will need to purchase $ASI, the token powering the platform. The aim is to make AltSignals and ActualizeAI member-governed, with $ASI as the medium of voting.

What is the value proposition of $ASI?

$ASI has a huge price potential since it powers a successful trading service. Investors could earn from potential price increases. Currently, $ASI goes for $0.01875, but the value is expected to be slightly higher in the next presale stage. With the token price low, a potential increase in demand will raise the value and generate huge returns.

But $ASI is more than an asset for speculation. It means investing for trading profits and learning from the experts. Investors get access to quality trading signals generated by the AltSignals team. There are also learning opportunities where traders can engage in trading contests. Investors are rewarded with $ASI for winning trading tournaments and competitions. This could be an opportunity to improve one’s trading skills.

AltSignals also allows investors to join the AI Members Club. The members can earn $ASI by giving feedback and ideas on various projects. There are also exclusive presale opportunities for ActualizeAI members.

Will AltSignals explode in 2023?

AltSignals could be an ideal investment opportunity over the long term. Decentralised AI is getting noticed while blockchain is growing. This means $ASI can deliver consistent returns as the AI platform grows in popularity. The prediction doesn’t mean $ASI will be muted in 2023.

The token’s presale has been happening fast, implying high demand. With $ASI set to list on Uniswap in the third quarter of 2023, the value could finish the year strongly. A conservative double or triple-digit percentage price increase is likely. 

In the long term, $ASI has the potential to rise by more than 1,000% as it witnesses increased use. As such, the token is attractive now when still on presale, and demand is somehow locked. 

The post Could AltSignals become the hottest token in 2023 as experts laud artificial intelligence? appeared first on CoinJournal.

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Litecoin completes third halving, block reward cut to 6.25 LTC

  • Litecoin halving is complete, with block reward reduced to 6.25 LTC.
  • LTC price was $91 at halving, down 4% in the past 24 hours.

Litecoin has halved its block reward from 12.5 LTC to 6.25 LTC following the activation of its third halving event at block height 2,520,000.

The proof-of-work (PoW) coin’s latest halving happened as LTC price hovered near price levels also seen during the last event in 2019. 

However, the network has seen significant growth in terms of total addresses, number of active daily addresses, transaction volume, and hashrate among other metrics, according to market intelligence and on-chain data analytics platform IntoTheBlock.

LTC price at halving

Litecoin price is down 4% in the past 24 hours and 17% in the past month. 

At current levels of $89.7, LTC/USD is about 78% from its 2021 bull market peak. Notably too is that the coin peaked at just above $115 in its pre-halving rally, a scenario that opens up a potentially short-term negative flip. 

Historically though, prices have rebounded higher post-halving and positive market conditions in next few months could aid that outlook. 

Crypto analyst Rekt Capital pointed out this forecast earlier today.

As noted above, the price of Litecoin at the time of halving today was largely the same as at the last halving. However, as Rekt mentions above, LTC has rallied more post-halving than pre-halving and the prediction could still materialise in the next several months.

Litecoin’s value rose to a new all-time high of $410 in May 2021, before the bear market of 2022 saw the cryptocurrency lose most of that value. Prices dropped to lows of $47 in June as crypto contagion impacted markets after the collapse of Terra and Three Arrows Capital.

The post Litecoin completes third halving, block reward cut to 6.25 LTC appeared first on CoinJournal.

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Cautious optimism prevails in crypto, but Chancer presale maintains momentum

  • Crypto markets are mixed this week as the outlook remains unclear

  • Chancer’s presale has surpassed $1.08 million amid high demand for the token

  • Chancer has strong potential due to a robust betting market and blockchain application

Investors might be a little cautious in crypto this week. The market has displayed a mixed outlook, with slight gains and losses across the major cryptos. Meanwhile, investors are undeterred when it comes to newly launching crypto projects. Chancer, a new predictive markets project, continues to attract buyers. The project’s presale has surpassed $1.08 million in amounts raised.

XRP ruling jitters and key market developments this week

Jitters over last month’s ruling that Ripple’s XRP is not a security could be rattling crypto markets. The July ruling saw crypto markets, especially XRP, make strong comebacks. Investors believed that the ruling cleared the uncertainty in the crypto sector. But the recovery has now been muted, as SEC is said to consider appealing the court decision.

Meanwhile, investors are also watching the US non-farm payroll data this week for July. The report gives a synopsis of the US labour market and causes huge moves in the market. Investors are looking forward to slower payroll growth amid extreme weather conditions in the US. 

Crypto markets have, in the past, reacted to NFP data. Strong payroll data has fueled selling in crypto on expectations of economic tightening. It also has a positive impact on the dollar and a negative relationship with crypto. Thus, the event will be closely watched on August 4. 

Chancer presale maintains momentum.

As investors exercise caution on crypto this week, the buying of Chancer tokens isn’t slowing down. As of August 2, the project had raised more than $1.08 million. Since launching the presale on June 13, Chancer has been selling fast. The demand has been fueled by Chancer’s revolutionary betting model.

The project is launched with the promise of taking betting to the blockchain. Chancer will allow a peer-to-peer betting model via a decentralised ecosystem, the first in the world. 

Decentralisation is the art of Chancer’s predictive markets system. Unlike the current betting system, P2P betting allows users to create their betting markets. They are not constrained by what their bookmakers provide. As such, one can bet on virtually any event through Chancer’s P2P markets. The platform also allows users to set their betting rules and bet against whomever they want. 

The idea of a decentralised betting ecosystem has attracted interest in the project. In the future, Chancer will focus on adopting a quadratic governance model. This is where participants use their voice credits to vote on governance issues. 

Is Chancer a good investment?

Betting is growing fast, allowing Chancer to carve a market niche. But aside from the novel betting model brought by the project, Chancer could be an ideal investment token.

First, the potential for the Chancer token to increase in value is high. The prediction emanates from a strong and growing betting market and the application of blockchain. Allowing investors to create Chancer markets and bet on multiple events will increase the token’s use case. This will allow it to increase in value and generate returns to investors.

Secondly, Chancer has an investment model beyond betting. Users get rewarded for creating Chancer P2P markets. Token holders can also participate in building the Chancer platform by staking the tokens. Other income-generating ways are sharing the platform and earning through a Share2Earn feature.

How much can the Chancer token increase?

Like any other newly launched token with a robust use case, Chancer can rise by up to 10x. The gains can be realised within months after the token debuts on exchanges. 

The projection depends on how much the project will unlock value. With the mainnet launching in Q1 2024, the project could start attracting users soon. However, the value of Chancer could start to be unlocked in Q3 2023. This is when the token will be listed on centralised exchanges, starting with Uniswap.

The post Cautious optimism prevails in crypto, but Chancer presale maintains momentum appeared first on CoinJournal.

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Hyundai and Kia tap Hedera Network for CO2 emission monitoring system

  • Hyundai and Kia have introduced an AI-enabled supply chain carbon emissions tracking solution on the Hedera Network.
  • Hedera (HBAR) briefly surged above $0.053 after the announcement.
  • The adoption of Hedera technology by these two major automakers indicates an increase in blockchain adoption.

Two significant automakers, Hyundai and Kia, have adopted the Hedera network, pointing to an increase in blockchain adoption. Hyundai Motor Company and Kia Corporation have reportedly introduced an AI-powered CO2 Emission Monitoring System with the help of the highly scalable Hedera Network.

According to a post by the HBAR Foundation, the launch of a blockchain-based Supplier CO2 Emission Monitoring System (SCEMS) on the Hedera mainnet demonstrates that the value of Hedera Network is “seen by enterprises beyond the Governing Council” and “when data accuracy and security are mission critical, Hedera is second to none”

The SCEMS is made to calculate carbon emissions at every step of the supply chain, giving Hyundai Motor and Kia access to accurate information about the operations of their suppliers, including the sourcing of raw materials, the manufacturing process, and the transportation of finished goods.

This is a huge step towards successfully mitigating the effects of climate change, which requires a reduction of carbon emissions.

SCEMS also incorporates AI technology, allowing for the precise prediction of future carbon emissions and the setting of carbon reduction goals.

Hedera (HBAR) price reaction

The price of HBAR, the native token of Hedera Network, saw a significant price surge that briefly pushed the price above $0.053, although the price has since slightly pullback to around $0.052 at the time of writing.

While there was a slight price surge, the pullback could good sign that Hedera is under quite some strong bear forces that have been pulling down the HBAR price over the past month.

The post Hyundai and Kia tap Hedera Network for CO2 emission monitoring system appeared first on CoinJournal.

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Ripple CEO slams SEC for weaponizing XRP reports in lawsuit

  • Ripple CEO Brad Garlinghouse says the SEC took Ripple’s transparency reports and used them against the company.
  • The SEC sued Ripple over its XRP sales in December 2020, alleging the sales amounted to securities contracts.
  • A court decision recently declared XRP not a security.

In Ripple news today, CEO Brad Garlinghouse has slammed the US Securities and Exchange Commission (SEC) over its apparent weaponization of what’s been “good-faith” transparency reports on XRP.

Acccoridng to him, the SEC took the regular reports and used their details in its lawsuit against the company and its top executives. Garlinghouse, who was also sued by the SEC in December 2020, however, reiterated Ripple’s commitment to transparency.

“We began these reports to voluntarily provide updates given our XRP holdings. Sadly, they were used against us in the SEC lawsuit – however, we remain steadfast in our commitment to transparency but I suspect they’re going to look a bit different moving forward,” he said.

Ripple’s XRP markets reports

Garlinghouse’s remarks followed Ripple’s release of its Q2, 2023 XRP Markets Report, with the company noting the different approach taken. With previous editions, Ripple has focused on multiple XRP ecosystem developments, including market insights and quarterly sales.

“While published in a good faith effort at transparency, these quarterly reports have been weaponized against the Company by the SEC. Ironic for an agency that touts transparency and disclosure. Accordingly, Ripple is re-evaluating the role and contents of this report going forward and will have updates on that front in Q3 2023,” Team Ripple wrote in its report published July 31.

The change in approach already saw the Q2 report focus on the July 13, 2023 court ruling on XRP, including details “debunking misconceptions” about the ruling being a split decision and that the court deemed some sales of XRP as securities and others not.

The post Ripple CEO slams SEC for weaponizing XRP reports in lawsuit appeared first on CoinJournal.