2024-3-1 16:57 |
Artificial intelligence related tailwinds could push S&P 500 up another 15% by the end of this year, says Mary Ann Bartels – chief investment strategist of Sanctuary Wealth.
AI could help S&P 500 hit 5,800 levelThe benchmark index has already gained about 10% since its year-to-date low in January on the back of AI.
But Bartels is convinced that a continued focus on artificial intelligence will likely see it hit the 5,800 level in 2024. In a research note earlier this week, she said:
Market made a significant move from 1995 to 2000. A lot of that came from productivity enhancements from computers and telecom. AI is now starting to have that type of influence.
Note that the AI tailwinds are not very likely to be restricted to the equities market only. Cryptocurrencies like AltSignals stand just as much a chance to benefit from artificial intelligence as well.
Let’s take a closer look at AltSignals to understand why.
AltSignals has launched an AI productAltSignals is an up-and-coming platform that traders have been using in recent years to maximise their profits out of the financial markets.
Its trading algorithm that it calls the “AltAlgo” sends out signals to invest in equities, forex, and cryptocurrencies with a whopping 64% accuracy.
And now AltSignals has even turned into an AI play with the launch of a new product – Actualize AI. Actualize AI is pretty much like AltAlgo at its core. One key difference, however, is that the new product now uses artificial intelligence to deliver an even better accuracy of over 80% for its trade signals.
What powers AltSignals and all that it stands for is a native $ASI token which makes it an investment in itself as well. Click here to visit the project website if you’d like to know more about AltSignals.
Earn up to 25% on staked $ASI tokens$ASI is now a listed token who’s deflationary tokenomics make it an attractive investment. Holding the native coin makes you a part of its AI members club and wins you access to the platform’s future AI products.
AltSignals is slated to roll out new artificial intelligence-enabled products in the third quarter of 2024, as per its website.
Other ways to make money with $ASI include participating in the trading tournaments as well as staking that offers a lucrative up to 25% return. $ASI owners do also get to have a say in how the project evolves since it’s a decentralised platform.
Taking in early position in AltSignals may enable you to capitalise on its price appreciation as it continues to deliver on its commitment of scaling globally. You can explore ways to invest in $ASI on this link.
AI tailwinds may help AltSignals ($ASI)AltSignals is an exciting investment as an AI play as well considering Statista forecasts that market to grow at a compound annualised rate of 15.83% through the end of this decade.
Other than that, its $ASI token being a cryptocurrency can also benefit from the broader market tailwinds that have pushed the leader – Bitcoin well above $60,000 level in recent days.
These catalysts include the Spot Bitcoin ETFs that SEC approved in January, the halving even scheduled for April or May, and the first rate cut from the Federal Reserve expected in June.
All in all, many experts believe that BTC will hit an all-time high in the coming months and if it does indeed rally, chances are that it will, like always, drag the rest of the market up with it including $ASI. Click here to dive deeper into AltSignals.
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