AltSignals price prediction as Bitcoin, Ethereum see V-shaped action

2023-7-18 11:10

AltSignals has raised nearly $1.2 million in its token presale, with strong narratives for crypto and artificial intelligence key to investor interest.

Meanwhile, the crypto market has faded some of the exuberance that saw bulls push prices higher after a US judge’s ruling delivered a partial win for Ripple in its case with the SEC. While XRP remains largely bullish with over 55% gains over the past week, Bitcoin, Ethereum are holding key levels.

Analysts on Bitcoin, Ethereum price prediction amid low liquidity

Analysts say the V-shaped action seen across the crypto market could be the beginning of a slow grind amid choppy conditions. They see the next few months resembling the pre-bull market action of 2016 and 2019-2020.

Bitcoin’s dip to lows of $29,700 and Ethereum to $1,875 was mirrored across major altcoins. But the crypto market quickly rebounded to above key levels in V-shaped action fueled by buy-side pressure during Asian trading hours on Tuesday morning.

Market analysts at Greeks.live point to low liquidity, a scenario that has prices prone to spikes and V-shaped recovery. This is because with prices constrained in tight ranges, a little momentum in either direction can see significant dips or sharp bounces.

Axel Adler Jr., a data analyst at on-chain analytics platform CryptoQuant says about Bitcoin:

“The price of Bitcoin has been lodged within a narrow corridor for the past three months, and this can be explained by several key factors: short-term holders, miners, and volatility. All these factors together form the current picture of the Bitcoin market, where the price appears to be “stuck” in a narrow range. However, as always with cryptocurrencies, changes can occur very quickly, so investors and traders should closely monitor on-chain metrics to stay informed about market changes.”

On-chain and financial data platform Glassnode highlights that despite the current price outlook, a number of metrics suggest a “slow but steady capital inflow” into BTC. Even then, the prediction is for choppy market conditions that could resemble historical price movements during the bear periods in 2016 and 2019-2020.

What does this mean for AltSignals, a new project seeing huge interest in its token presale? The best place to begin is to understand what this project is and what it offers.

What is AltSignals?

AltSignals is a trading platform that gives traders access to key trading signals so that they know when to buy or sell stocks, forex and crypto among other market assets. The company currently offers its trading algorithm to more than 50,000 traders and over 1,500 VIP subscribers.

The platform has been a success since its launch in 2017. However, the team is looking to add a new layer powered by artificial intelligence (AI), revamping the proprietary AltAlgo trading algorithm for what could become the new standard of AI trading.

ActualizeAI is that new layer, which will tap into machine learning and natural language processing to increase both accuracy and profitability of trades for holders of the native token $ASI. Token utility for $ASI includes opportunity to earn from staking, trading tournaments and rewards for governance support that helps the platform grow.

Talking of $ASI, the presale opened a few weeks ago and could be sold out within coming weeks as investors looking to tap into the AI layer pour into the project.

Learn more about $ASI and how to buy it here.

AI is a strong narrative for AltSignals

The scenario is that AltSignals sits at a key intersection of two hot trends in the market today – crypto and AI.

With the latter projected to be at the start of what could be a technological leap and the former “here to stay”, predictions for AltSignals are that delivering on its ActualizeAI milestones could coincide with a period of huge gains for its AI-powered token.

Notably, price gains for ASI could tie in with projections such as that of Morgan Stanley, which recently predicted Microsoft (NASDAQ: MSFT) could see up to $90 billion in AI revenue by 2025. Meta, Google and Nvidia are all also betting big on AI.

AltSignals price prediction: can ASI reach $10 by 2025?

While the ASI presale price will rise to $0.02274 by the end of the fourth stage, the period between Q3, 2023 and Q2, 2024 could see it trade higher and reach key levels. The highlighted dates are when ASI goes live on major crypto exchanges (historically tokens explode when listed on exchanges such as Binance and Coinbase) and ActualizeAI launches to the public.

If market conditions align and demand for ASI token remains high, its possible prices could hit $1 by end of 2023. From here, the targets of $5-$10 in late 2024 and early 2025 would materialize. This would mean a 5x, 10x move from the psychological $1 level, not uncommon in the crypto market particularly during a bull market.

The post AltSignals price prediction as Bitcoin, Ethereum see V-shaped action appeared first on Invezz.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Emerald Crypto (EMD) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 4.67 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0095806 (-100%)

altsignals crypto saw case ripple exuberance market

altsignals crypto → Результатов: 50


AltSignals Has Investors Excited About The Prospect Of Crypto Gains In 2023. Will The New ASI Token Take Off?

With AltSignals’ ASI presale gaining traction, many investors are excited about its potential to offer them substantial crypto gains in 2023 – in more ways than one. In this article, you’ll find out why AltSignals has garnered so much hype in recent weeks and how its ASI token could change the game for investors and […] The post AltSignals Has Investors Excited About The Prospect Of Crypto Gains In 2023.

2023-4-20 22:15


Polkadot Price Predictions Set To Soar as AltSignals’ ASI Token Hits the Market. Will The New Crypto Asset Beat Polkadot?

Early 2023 has seen a long-term trend reversal in the crypto markets, as Bitcoin has started to reclaim previous price levels, and many altcoins have reached new highs. The Polkadot price prediction remains bullish over the coming years, while AltSignals (ASI), a new crypto asset launched during this period, has been attracting significant investment already.

2023-4-20 22:02


Фото:

AltSignals presale almost 50% sold out as Meta unveils “Segment Anything” AI tool

The AltSignals presale is continually gaining traction as artificial intelligence (AI) dominates both the tech and crypto industries. The most recent AI entrant is Meta’s “Segment Anything” AI image identification tool and it is expected to spur an additional AI focus, which is a selling point for other AI-lining projects like AltSignals.

2023-4-9 06:59


Crypto Traders Gear Up and Flock to AltSignals’ New Token, ASI

The Crypto markets can prove challenging to navigate due to the volatile nature of its response to Macro economic and political incidents which affect it. This volatility is further fuelled by the speculative nature of the projects to which cryptocurrencies are attached, with new and cutting-edge technologies being applied while in their infancy but with […] The post Crypto Traders Gear Up and Flock to AltSignals’ New Token, ASI appeared first on CoinJournal.

2023-3-31 20:48


AltSignals’ ASI Token Promises Real-Time Trading Signals To Give Investors an Edge. Could This Be The Best Crypto Newcomer of 2023?

AltSignals has recently announced its ASI token, a game-changing crypto that promises to help investors find their edge in the market through AI-powered trading signals. But could ASI’s innovative approach make it one of the best crypto newcomers in 2023? Read on to discover why many seem to think so.

2023-3-31 20:30


Фото:

Mike Novogratz says decentralized revolution is happening– what does this mean for AltSignals?

Bitcoin (BTC/USD) price rose beyond $27,000 on Friday, hitting a 9-month high as crypto bounced higher following this week’s turmoil in the US banking sector. Amid the rally to $27k for BTC and near $1,750 for ETH, Galaxy Digital CEO Mike Novogratz tweeted that it was time for crypto and that “the decentralized revolution is […] The post Mike Novogratz says decentralized revolution is happening– what does this mean for AltSignals? appeared first on Invezz.

2023-3-19 16:23


AltSignals Promises Low Risk and High Rewards for Its New ASI Token Presale. Is It Too Good To Be True?

A recent presale deemed low risk and potential high reward by many has caught the eye of crypto investors across the globe. The AltSignals ASI presale is now underway, and in this article, you’ll find out what AltSignals is, why investors are getting excited about the ASI token, and whether its promise of low risk […] The post AltSignals Promises Low Risk and High Rewards for Its New ASI Token Presale.

2023-3-17 22:19


Ethereum Creator Vitalik Buterin Has High Hopes for Ethereum’s Price in 2023 But AltSignals’ New Token Is Gaining Interest

The Ethereum price prediction is getting increasingly bullish after Vitalik Buterin’s recent comments about the network. However, it remains to be seen whether Ethereum can outperform the AltSignals ($ASI) crypto presale, as the new token is an exciting initiative that will serve a large existing Web3 project.

2023-3-11 16:03