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Bitcoin Price Rallies Amid Bank Crisis. Could It Help AltSignals Presale Soar in May?
HomeNewsBitcoin Price Rallies Amid Bank Crisis. Could It Help AltSignals Presale Soar in May?

Bitcoin Price Rallies Amid Bank Crisis. Could It Help AltSignals Presale Soar in May?

News Desk
News Desk
May 16th, 2023
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The recent rally in the Bitcoin price has caused some long-awaited movement across the crypto markets. However, the ongoing banking crisis has spurred on the recent surge, which has seen several high-profile institutions collapse unexpectedly.

Meanwhile, Web3 continues to perform well. In addition, new projects such as AltSignals are showing promising signs for further upside, and the Bitcoin price has found the necessary support structure in the charts.

Are the crypto markets a refuge from the ongoing banking crisis?

The banking crisis continues to worsen as several high-profile institutions have already gone into various types of liquidation. For example, the First Republic Bank collapsed after Silicon Valley Bank and others announced insolvency some weeks ago. These tremors have caused widespread panic among creditors as the banking crisis could culminate in extensive financial failure on a global scale.

In response to the banking crisis, the US Federal Reserve and the Swiss National Bank had to pump more than $400 billion dollars into the banking system to protect insured accounts from potential losses and also to safeguard against a domino effect of bank collapses stemming from general market insecurity.

Amid the banking crisis, the Bitcoin price continues to remain steady. However, Bitcoin has, at times, climbed by almost 100% since the start of 2023, which has produced rising digital asset prices across Web3. AltSignals, an online trading platform soon to be powered by an artificial intelligence protocol, has released its native token during this time and has seen significant early success.

As the banking crisis rages, AltSignals is faring well during its ASI token presale event. This success may be related to the narrative of AI, as reported by JP Morgan. The financial giant stated that algorithmic indicators are ground-breaking developments for online trading, so it’s no wonder that ASI has attracted $743k since it first started its token presale on March 7, 2023.

What is AltSignals?

AltSignals is an online trading platform that delivers highly accurate trading signals for its community. The project has supported over 50,000 users since it first launched in 2017, and its proprietary algorithmic indicator, AltAlgo™, helped traders who matched its calls to 10x their portfolio in 19 separate months.

The project is developing an original AI protocol to supercharge trading signals on the platform. The new trading stack, ActualizeAI, will leverage natural language processing (NLP) and predictive modeling to bring machine learning capabilities to AltSignals’ previous algorithmic indicators.

ActualizeAI is being designed to change how traders navigate the crypto markets. JP Morgan commented on the utility of such tools, and AltSignals’ core aim is to bring them to retail investors in Web3. This introduction of AI has probably had much to do with the project’s strong performance during its native token presale.

How does ASI work?

The ASI token provides direct access to ActualizeAI, which aims to bring the success rate of AltSignals trading signals from its current average of 64% to an average of 80%. Additionally, token holders will be able to stake ASI, earn a passive yield on their investment, and use their tokens to vote in governance proposals from the project.

ActualizeAI will be accompanied by an exclusive online trading community called AI Members Club. ASI token holders who purchase 50,000 tokens or more will also receive lifetime membership in the AI Members Club.

The club will provide several unique benefits to its members, including early access to some of the most sought-after presales and private sales in the crypto markets. Members can also test out the latest trading tools from AltSignals before they are officially released and earn ASI tokens in several ways – including by participating in trading tournaments on the platform.

The online trading tournaments AltSignals hosts will pit master traders against each other. Those that earn the highest percentage of profits during the competition will win major cryptocurrency prizes for their performance.

Will ASI reach $1 in 2025?

Price analysts have highlighted ASI’s extensive token utility and deflationary tokenomics as a reason to be bullish. Additionally, the token represents a highly appealing consumer product in the form of ActualizeAI, which could serve many users in Web3 thanks to its unique capabilities.

The ASI token is expected to hit $0.50 by the end of 2023 when it lists on exchanges. The presale will raise the token's value from $0.012 to $0.02274 over its five stages, with the current price being $0.015 during stage 1.

What is Bitcoin?

Bitcoin, also known as BTC, is a digital currency that operates independently of a central bank. Created in 2008, Bitcoin was the first decentralized peer-to-peer cryptocurrency, utilizing blockchain technology to verify transactions instead of any intermediary party. Bitcoin transactions are indelibly recorded on a public ledger, which adds to the transparency and security of the currency.

Bitcoin has gained popularity and exponential growth over the years, with a growing number of businesses accepting it as payment for goods and services. Despite its volatility, Bitcoin offers a unique opportunity for those willing to invest in riskier assets. As a result, Bitcoin represents a new era in finance and could revolutionize how people think of currency transactions.

Will the Bitcoin price reach $220,000 in 2025?

The ongoing banking crisis has led many investors to find refuge in Bitcoin thanks to its inherent properties. It’s an entirely decentralized, self-contained network, which means that it could be a haven if the broader financial system collapses.

The Bitcoin price has benefited as a result. Not only has the Bitcoin price almost doubled since the beginning of the year, but several price analysts are also expecting the prime cryptocurrency to rise steadily into 2025. By the end of the next crypto bull market, many experts predict that the Bitcoin price could reach more than $100,000.

AltSignals vs. Bitcoin price prediction: Which token is worth buying?

While Bitcoin remains the largest cryptocurrency by market capitalization, it also suffers from the law of diminishing returns. As a result, investors seeking to get the most out of the next crypto bull market may wish to invest in early-stage tokens with utility, such as AltSignals’ ASI, which could offer them the opportunity to see returns of 20x on their investment.

As the banking crisis rages, the AltSignals (ASI) presale continues to attract significant investment. ASI can be purchased directly through the AltSignals platform at the current price of $0.015.

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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