Artificial Intelligence (AI) was the main topic in the financial market after the strong Nvidia earnings. In the aftermath, most AI stocks like Soundhound, Nvidia, and Arm Holdings were among the best performers. AI tokens like SingularityNET (AGIX), Fetch.ai (FET), and Ocean Protocol (OCEAN) soared by double-digits, a positive sign for AltSignals.

A key theme in the financial market recently has been about AI. Nvidia’s earnings confirmed that this demand was still there as its data center revenue surged. In all, the company’s total revenues surged by triple-digits in the fourth quarter.

Most importantly, the company’s management said that demand for its chips was still surging and that the AI industry was in its infancy.

There are other positive signs about the AI industry. For example, OpenAI, the parent company of ChatGPT, announced that it had attained a market valuation of $80 billion. ChatGPT’s revenue is expected to reach $1 billion this year.

Analysts believe that AI has room to disrupt all industries in the world, including finance, manufacturing, education, and automobile. 

This explains why some of the top AI tokens have jumped in the past few months. AGIX and FET have all soared by triple-digits this year alone. These tokens are now valued at over $1 billion and this trend may continue.

This performance is good news for AltSignals, a cryptocurrency that raised over $1.8 million in its token sale recently.

AltSignals is an existing profitable company that is pivoting to the AI industry. The company provides trading signals to traders and investors.

For a long time, its signals have worked well although they used manual techniques. As part of its transition, the developers are now using technologies like artificial intelligence (AI), machine learning, regression, predictive modeling, and natural language processing to create signals that work well.

The network will be powered by the ASI token, which will be used to provide discounts to customers. The starter package will go for $150 while the trader and pro versions will go for $375 and $750, respectively.

ASI will have other utilities, including an entry to the AI members club, participating in trading tournaments, community governance, and taking part in exclusive presale opportunities. You can find these details in the AltSignals white paper.

The post AI tokens like AGIX and FET performance bodes well for AltSignals (ASI) appeared first on Invezz

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