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Coinbase Gets Invited to Hong Kong. Could AltSignals Also Benefit From Asian Markets?

News Desk
News Desk
News Desk
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News Desk
The latest news, comment and analysis from our crypto news desk.
June 30th, 2023

Regulation from US authorities has become regular headline news, as the Securities and Exchange Commission (SEC) has made it its mission to crack down on crypto. The SEC states that many cryptocurrencies should be classified as unregistered securities, giving the agency the right to use regulation guidelines written in the early 1900s.

After receiving warnings from the SEC, crypto projects such as AltSignals, Coinbase, and Binance may seek more welcoming regulatory environments. What could this mean for brand new presale projects such as AltSignals?

US regulation may drive Coinbase, AltSignals, and other crypto companies overseas

The SEC has been cracking down on cryptos over recent months. This has culminated in the SEC suing Coinbase because it offers unregistered securities to its users based in the US.

The development of regulation changes in the US has seen several high profile exchanges come under fire. As well as Coinbase, Binance has also received a complaint. In response to the scrutiny, Coinbase has decided to fight back by claiming that the SEC has misrepresented one of the four classifications in the Howey Test.

Regulation changes in the US may drive an increasing number of Web3 companies overseas. In contrast, Hong Kong has formally stated that it welcomes crypto companies, a significant move that may see it rival Singapore and Dubai as Web3 hotspots over the coming years.

To help drive this progress, Hong Kong has invited Coinbase to set up its new global headquarters there. As Asian markets warm to crypto and Web3, AltSignals could reap benefits. Interest from Asia could drive the adoption of the ASI token, currently available for $0.015 during stage 1 the presale.

What is AltSignals?

AltSignals is an online trading platform that has offered industry grade trading tools to a community of 50,000 traders since 2017. The project’s original algorithmic indicator, AltAlgo™, has a success rate of 64% and has achieved 10x gains in 19 separate months.

The project is expanding its blockchain offering with several attractive features, including a cutting-edge trading stack powered by artificial intelligence. The new toolkit, ActualizeAI, uses machine learning capabilities to enhance the frequency and accuracy of trading signals.

In addition to the release of ActualizeAI, AltSignals is launching an exclusive online trading community, AI Members Club. The club will provide its members with exciting benefits, including early access to some of the most promising new crypto launches during their presales and private sales.

How does ASI work?

The ASI token, launched during a presale that will span five stages in total, will provide direct access to ActualizeAI. ActualizeAI uses natural language processing (NLP) and predictive modeling to deliver its machine learning capabilities — a cutting-edge feature that could help to deliver maximum profitability for its users.

In addition to offering exclusive access to the most promising presales and private sales, AI Members Club will connect its members with further earning opportunities. It will host online trading tournaments where the winners receive major crypto prizes and reward users for testing out the latest trading tools from AltSignals before the official release.

To gain unrestricted access to AI Members Club, investors need to hold a minimum of 50,000 ASI tokens. This will also provide lifetime access to ActualizeAI. Some additional token utility comes from staking and voting in governance proposals from the AltSignals team.

Will ASI reach $0.40 in 2025?

AltSignals combines cutting-edge artificial intelligence technologies to deliver an appealing user product. ActualizeAI can help drive profits for all its users. It has a consistent track record for success that spans over five years, and it now contains the ability to improve itself further over time.

Price analysts have highlighted that AltSignals’ ability to attract demand could produce long-term success for the ASI token. While it remains in its early stages, it’s expected to see significant percentage increases over the coming months and years. The price prediction for ASI is $0.55 by 2025 — almost 50x from the earliest presale price level.

Algorithmic indicators are driving the expansion of financial giants

Algorithmic indicators are commonplace among institutional traders, and AltSignals’ ethos is to bring these capabilities to retail traders in the crypto markets. JP Morgan stated that Al-powered trading tools are responsible for 60% of trades worth $10 million or more, which may give AltSignals backers further reason to be bullish.

As US regulation pushes crypto businesses and users overseas, while Asian markets have recently opened their doors, it becomes clear that AltSignals may find its best target market in the East. Three of the top five global stock exchanges can be found in Asia, and this sizeable existing market may seek out trading tools such as AltSignals.

Amid regulation news, investors are wondering whether ASI is worth buying

Coinbase’s fight against SEC regulation is likely to be a long-term affair. However, alternative jurisdictions around the world are making crypto-specific regulation a priority, which could help Web3 companies expand operations worldwide.

Within the world of Web3, AltSignals is showing itself to be a high potential project. The token combines innate utility with deflationary tokenomics and a method for attracting demand. This could drive higher price action over the long term. The ASI token presale has so far raised $1.0m. The token seems undervalued at the $0.015 price level, so it could be a strong buy ahead of the next crypto bull market.

You can participate in the ASI presale here.

Disclaimer: Insights provided by crypto industry players and is not a part of the editorial content of BanklessTimes.