Inflation news has dominated headlines in recent months as investors fear a prolonged recession. Interest rate hikes, while producing some positive inflation news and a crypto rally, have also harmed financial institutions during March.
Uncertain economic conditions have caused more volatility in the crypto markets. What impact could this have on new blockchain technologies such as AltSignals?
Major crypto rally in response to recent inflation news: What could this mean for AltSignals?
Inflation news for the US dollar had initially improved after the federal reserve hiked interest rates. However, the March CPI data showed the highest percentage increase in 5 months, which caused a brief dip and an explosive crypto rally in response.
The CPI report in March showed a 0.5% increase. The inflation news initially caused the markets to respond negatively, with Bitcoin (BTC) falling almost 10% on the day of the CPI release. However, troubles in the traditional financial system led to investors seeking alternative investments such as digital assets, and BTC quickly skyrocketed beyond monthly resistance.
The recent crypto rally could spell good news for AltSignals, which has recently released its native token during a hotly anticipated presale event. The ASI token was launched at $0.012, giving early backers a rare opportunity to invest in a promising AI protocol during its initial phases of development.
The ASI crypto presale has raised $112k since it began. The widespread popularity of the event is driven by the development of AltSignals’ industry-grade AI trading tool called ActualizeAI, an exciting new development in blockchain-based AI.
What is AltSignals?
AltSignals has supported 50,000 users with profitable trading signals since it launched in 2017. The platform’s proprietary trading tool, AltAlgo™, helped traders who matched its trades to 10x their portfolio in 19 separate months, as it has consistently produced trading signals with over 70% accuracy.
The new AI-based tool, ActualizeAI, is currently in development. It analyzes vast amounts of market data instantly. It has been combined with machine learning capabilities, which can help traders of all skill levels to maximize their investment returns with automatic trading signals.
ActualizeAI will be using natural language processing (NLP) and predictive modeling to bring machine learning capabilities to AltSignals’ older tools. AltSignals already has an impressive track record, and the new development is expected to further optimize the accuracy of signals shared by its algorithmic indicators.
How does ASI work?
The ASI token provides direct access to ActualizeAI. Token holders can also stake ASI to earn a passive income and vote in governance proposals to help drive progress for the project.
ASI also grants entry to AI Members Club, a blockchain service that provides a range of unique benefits to token holders. AltSignals users can join AI Members Club to participate in trading tournaments and test out brand-new tools during their development phase.
AI Members Club will also include exclusive investment opportunities within Web3. Presales and private sales can be some of the most lucrative opportunities on the market, and club members will get early access to some of the most promising projects in the crypto space.
Can ASI reach $5 in 2025?
The ASI token is expected to see significant gains after the presale. It will be released on digital asset exchanges, and the recent crypto rally could be the beginning of a long-term trend reversal for the market, which could further benefit ASI price action.
The ASI token has favorable characteristics, including extensive utility within the AltSignals ecosystem and deflationary tokenomics. Experts are forecasting the possibility that ASI reaches $3 in 2025, as the recent crypto rally becomes a full-fledged bull market over the coming years.
Could AI-based projects be the next big thing in crypto?
AI-based protocols such as AltSignals are widely considered to have a promising future ahead. Artificial intelligence, like blockchain, is a revolutionary technological development that could disrupt several major industries.
AltSignals leverages the power of AI to help traders navigate market volatility – an exceptional use case that should serve the project well. Other AI projects, such as Fetch.ai (FET), are also making great strides in Web3. FET has climbed almost 10x in 2023 alone, and AltSignals looks set to mirror the project’s price action, with experts forecasting up to 20x returns before the end of the year.
The recent crypto rally has been accompanied by negative inflation news and traditional financial problems. Sentiment for digital assets has responded positively, and AI-based crypto platforms now seem likely to be the prevailing narrative over the coming years.
In light of recent inflation news, is ASI worth buying?
Inflation news often causes rapid changes to the prices of cryptocurrencies, and the recent March CPI data was no different. However, what followed was a series of collapses for commercial institutions such as Silicon Valley Bank and Signature Bank, which has led to increased investor confidence in digital assets.
The ASI crypto presale could be the perfect time to get involved in high-potential blockchain innovation. The price of ASI will rise to $0.02274 before the end of the presale, but it is currently available at $0.015 on the AltSignals site.
Youcanparticipate in the ASI crypto presale here.
Disclaimer: Insights provided by crypto industry players and is not a part of the editorial content of BanklessTimes.
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