Schlagwort: crypto analysis

Key takeaways

• XDC is the best performer amongst the top 100 cryptocurrencies by market cap so far this week.

• AltSignals has now raised more than $1.2 million in its second presale round. 

The cryptocurrency market has been bearish so far this week, with the prices of Bitcoin and other cryptocurrencies trading in the red zone. 

However, XDC is outperforming the market after adding more than 30% to its value since the start of the week. 

Furthermore, AltSignals’ stage two presale has surpassed the 50% point, with more than $1.2 million raised so far. 

XDC outperforms the broader crypto market

XDC, the native coin of the XDC Network, is the best performer amongst the top 100 cryptocurrencies by market cap so far this week. The coin has added more than 30% to its value over the last few days. At press time, the price of XDC stands at $0.08069.

XDC’s positive performance comes despite Bitcoin and the other leading cryptocurrencies underperforming. Bitcoin continues to trade just above $29k after dropping below that level earlier this week. 

The market’s poor performance this week could serve as more buying opportunities for investors. XDC could be heading to the $0.09062 resistance level in the short term. 

AltSignals’ second presale stage surpasses the 50% point

Despite the bearish trend in the market, the XDC presale has been going on smoothly. The second presale stage has now surpassed the 50% mark, with more than $1.2 million raised so far. 

In the first presale round, ASI, the native token of the AltSignals ecosystem, went for 0.015 USDT. The token is now selling for 0.01875 USDT in the second presale round. 

The AltSignals team revealed that funds raised from the various presale rounds would be used to develop products for the users. AltSignals is a unique project that will use AI and blockchain technology to ease crypto trading and, in the process, help onboard more traders to the market. 

Click here to read more about the AltSignals presale.

What is AltSignals?

As a Web3 project, AltSignals is casting its net beyond the cryptocurrency space. This project targets traders in the broader financial markets, including crypto, forex, stocks, commodities, and indices traders. 

AltSignals seeks to make it easier for traders to gain access to trading signals and other trading resources. With such tools, it will become easier for more people to trade cryptocurrencies and other financial assets. 

The primary product of AltSignals will be ActualizeAI. ActualizeAI is an AI solution that will make it easier for people to trade cryptocurrencies and other financial assets. 

As an automated solution, ActualizeAI will work 24/7, generating signals and helping traders to identify various patterns in the market. Thus, eliminating some of the obstacles traders face in the market. 

The AltSignals ecosystem will be powered by its native ASI token. According to the team, AltSignals will use blockchain technology, AI, natural language processing, machine learning, regression, and predictive modelling, to enhance its services. 

Once the presale stages are completed, ASI will be listed on various centralised and decentralised crypto trading platforms. 

AltSignals (ASI) price prediction

It is impossible to predict ASI’s price at the moment since the token is still in its presale stage. 

Following the end of the presale rounds, ASI will be listed on numerous cryptocurrency exchanges. This could boost ASI’s price in the short to medium term. 

In addition to that, AltSignals’ adoption by traders could help push ASI’s price higher in the coming months and years. 

Should I buy AltSignals now?

AltSignals is still in its presale stage, and this could be the best time to invest in the project. Once the presale stages are over, the platform will become fully active, and AltSignals’ adoption could see its ASI price rally higher.

Projects have historically generated thousands of percentages in ROI to presale investors. AltSignals could gain massive adoption in the crypto space and beyond, and this could make it one of the leading Web3 projects in the world. 

The post XDC price prediction as coin rallies by 31% in a week appeared first on CoinJournal.

• Crypto volumes are sagging amid summer lull
• In dollar terms, the amount of Bitcoin moving on-chain is at three-year lows
• Trading activity commonly dies down in trad-fi markets at this time of year
• However, falling crypto volumes have been realised consistently over the last year, while the dropoff has been starker than other asset classes

On-chain activity is rather muted right now. The seven-day moving average of transfer volume on the Bitcoin network is currently at its lowest level since August 2020. 

On the one hand, the falling volume represents a traditional summer lag in trading activity. However, the lowly activity is not far out of place with what we have seen thus far this year, with liquidity and volume markedly lower since the FTX collapse in November. 

Looking at dollar volume, as per the above chart, also takes into account the rampant volatility in the BTC/USD price over the years. If we assess activity in BTC terms, the dropoff is even more stark. Measuring in Bitcoin, the seven-day moving average is it at its lowest point since 2014, when Bitcoin was a niche Internet asset trading for a few hundred dollars.

The dropoff is not limited to Bitcoin. Crypto exchanges have seen volume decimated in the last couple of years. According to data from the Block, there was $984 billion of trading volume in March 2022. Last month, that figure read $413 billion, a fall of 58%. The chart shows the aggressive spike up in 2021, followed by a long and steady downtrend to today.

This follows in line with the shift in monetary policy. The $984 billion of trading volume in March 2022 came in the same month that the Federal Reserve first hiked rates. Since then, the increases have come thick and fast, with investors dumping risk assets relentlessly.

While there has been a bounceback this year as inflation has cooled and optimism over the end of the tightening cycle approaching picks up, prices remain far below the peaks of 2021. So too do volumes, liquidity and overall activity in the space. 

“The pace of interest rate rises from the Federal Reserve has been relentless”, says Max Coupland, director of CoinJournal. “This impacted risk assets across the financial landscape last year, and of course crypto prices are an obvious reminder of this. But while prices have begun to bounce back in 2023, volumes and liquidity in the industry are still trending down, to the point we are now at levels last seen in 2020”. 

It’s hard to understate how much of an impact the collapse of FTX in November had in this area. Sister firm of the fallen exchange, Alameda Research, was one of the biggest market makers in the space; with its demise, there is a massive hole in order books that has not yet been filled.

The other big push factor for many has been regulation. We saw prominent market makers Jump Crypto and Jane Street announce a scaling back of their operations earlier this year as US lawmakers put the squeeze on the industry, while last month both Binance and Coinbase were sued by the SEC. 

On a positive note, derivatives have not seen quite as stark a dropoff in liquidity. Looking at data from The Block, we see the spot-to-futures volume ratio has fallen sharply in 2023, having risen in the second half of 2022. 

However, there is no denying that on an overall basis, liquidity and volume in the space are declining. Prices remain far below the mania of the bull market, regulators are squeezing hard, and people are now going outside to touch grass, in contrast to a big portion of the bull market when the COVID pandemic locked everybody in without much to do beyond trade some of these funny things called caryptocurrencies.

There is also the reputational damage suffered by the space, and it doesn’t feel too outlandish to speculate that some users simply grew tired of all the shenanigans. But while Bitcoin transfer volume falling to three-year lows is ominous, this is the middle of summer and hence a lag in activity is to be expected. As a result, we may see volumes pick up a tad after summer. Even if this is the case, the scale of the capital outflow has been remarkable, and crypto has a long way to go yet before getting back to the good old days, a.k.a. 2021 – at least as far as liquidity and on-chain volume goes.  

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• 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.

• 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.

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