Solana (SOL) hit record highs during the peak of 2021’s bull market when it achieved its all-time high (ATH) of $259.24 in November 2021. Since then, the price of SOL has been impacted as much as any crypto coin during the bear market of 2022, and it remains more than 90% below its ATH, even as the markets began to ease early in 2023.
This has led to analysts revising their Solana price prediction for 2023, posing the question, is it better to buy SOL or the new ASI coin about to be launched by trading signals platform AltSignals?
AltSignals launching ASI during a market recovery
The return of the Bitcoin (BTC) price to above $20,000 has had a transformative impact on the health of crypto markets in the opening weeks of 2023, with the price of SOL more than doubling from lows of below $10. This improvement in market conditions is being felt across crypto, with market-leading signals provider AltSignals among those reporting increased trading interest in recent weeks.
AltSignals, already one of the most-trusted providers of trading signals to a 52,000-strong community, is joining the crypto revolution with the launch of its native ASI coin in an attempt to capitalize on the excitement around the development of ActualizeAI-turbocharged trading signals.
ASI will launch with vast amounts of utility, thanks to its AltAlgo™ Indicator tool, which uses machine learning to continuously scan markets 24/7 to provide the best and most up-to-date trading intel, alongside several other exciting AI features.
What is Solana?
Solana is one of the leading layer-1 blockchain platforms used to support the development of decentralized applications (dApps). Initially developed in response to some of the shortcomings of Ethereum’s unwieldy and expensive proof-of-work consensus mechanism, Solana’s unique combination of proof-of-stake working alongside proof-of-history consensus delivers extremely quick and efficient block finality.
The result is a superior user experience for developers on Solana for their projects compared to Ethereum, with benefits including high-speed and low-cost transaction processing and vastly superior levels of scalability – an issue that Ethereum continues to struggle to overcome. Developers have utilized this superb power, and network reliability, to allow millions of users access to DeFi projects, dApps, and GameFi projects without latency or performance loss.
Solana (SOL) price prediction for 2023
Analysts continue to mull over what the gradual improvement in market health means for the Solana price prediction this year. Expectations are that the price of SOL will continue to rise throughout the year to break the $30 barrier before the end of 2023 and even possibly nudge toward $35.
While this would represent excellent gains for existing SOL token holders compared to the price level at the beginning of the year, the price of SOL pales in comparison to its heady ATH of over $250 achieved in 2021. A gain more than 8X the expected level at the end of this year.
What is AltSignals?
AltSignals was established in 2017 and has quickly become a market leader in daily crypto trading signals, serving a community of more than 50,000. Its excellent reputation is built on the success rate of its trading indicators, leading to a superb average rating of 4.9/5 on Trustpilot.
The platform is embracing the possibilities offered by AI capabilities and will use its new AcutalizeAI engines to refine already excellent trading data and take it into a new realm. Machine learning algorithms will continuously harvest the best and most up-to-date data, run through the platform's innovative predictive modeling engines. After being run through natural language programming (NLP), the signals are shared with the community, allowing them to make even better-informed trading decisions.
The feature that currently takes AltSignals’ information to another level is their ground-breaking AltAlgo™ indicator tool. Backtesting on the tool produced outstanding results, with 83.56% success achieved on BTC trades and an impressive 70.09% on Ethereum (ETH) trades. This success rate means the community can trade with excellent results on daily crypto trades, Binance futures, Forex, CFD, and shares.
How does ASI work?
The ASI coin automatically allows holders access to the new AI Members Club. Club membership also opens exclusive access to the most lucrative crypto opportunities, including new presale and private sales.
Further utility is built into the ASI token through its coin staking scheme, which allows users to make passive income on their holding and receive entry into trading tournaments and prize draws. In addition, ASI will be a governance token, allowing users to guide AltSignals’ future strategic direction.
Additional opportunities for users to earn as they use the platform are gained through beta access to all new platform features. The Innovate2Earn initiative incentivizes users to give feedback on new products and tools by offering crypto rewards for each feedback piece before they go live to the wider user base.
Can ASI reach $1 in 2023?
The ASI token beta presale event launches at the initial price of $0.012 and will rise during the five presale stages to an eventual price of $0.02274. With the backing of a well-established platform and one of the largest communities in the industry, analysts expect interest in the ASI coin to go stratospheric once it lists on exchanges.
This level of excitement around ASI, combined with the general easing of market forces, could have a huge positive impact on the coin’s price, potentially pushing it past $1 by the end of this year.
Should you buy SOL or ASI?
There’s no denying that Solana’s price prediction looks set for a strong 2023 and that investors making a move to buy SOL tokens are set to enjoy good returns this year. However, these returns could be dwarfed by those available by investing in ASI.
With AltSignals already becoming a market leader in the application of AI technology and a limited number of ASI tokens available during the presale, investors should involve themselves early to avoid disappointment.
You can participate in the AltSignals presale here.
Disclaimer: Insights provided by crypto industry players and is not a part of the editorial content of BanklessTimes.
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