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Lido (LDO) Is Pushing DeFi to New Spheres — Can AltSignals Benefit From the Trend?
HomeNewsLido (LDO) Is Pushing DeFi to New Spheres — Can AltSignals Benefit From the Trend?

Lido (LDO) Is Pushing DeFi to New Spheres — Can AltSignals Benefit From the Trend?

News Desk
News Desk
July 11th, 2023
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Decentralized finance (DeFi) is a revolutionary development. Major institutions continue to back the movement, with recent bullish news sending crypto prices to new yearly highs. This has led retail traders to take note of high potential opportunities within the DeFi sector, with both Lido and AltSignals standing out.

The AltSignals crypto presale, which is currently in stage 2, represents an exciting investment opportunity. The platform gives more power back to retail traders who can take advantage of institutional grade trading tools. But can it outperform Lido’s liquid staking services over the coming years?

DeFi marches towards global adoption. How could this impact Lido and AltSignals?

Decentralized finance is rapidly growing in stature. Major financial institutions have expressed their interest in crypto and blockchain technology as a means for transferring value across the world at high speeds. DeFi, in addition to reducing entry barriers for people across the world, helps major enterprises to reduce running costs thanks to its efficiency.

Most recently, Blackrock and several other high profile financial institutions submitted their plans for a Crypto ETF. This follows major banks such as Santander and Bank of England exploring blockchain as a means for processing international payments and the country of El Salvador adopting Bitcoin as legal tender in its jurisdiction.

All this bullish news could push prices higher over the coming years. Web3 projects such as Lido and AltSignals, which each provide interesting solutions in the world of decentralized finance, are expected to benefit in a major way. While Lido has offered liquid staking services for some time, AltSignals recently launched its native token during a promising presale event.

What is AltSignals?

AltSignals is an online trading platform that first opened its doors in 2017. The project has created several highly effective algorithmic trading tools, including AltAlgo™ — an indicator that has consistently had a 64% accuracy rate over a multi-year timeframe.

The AltSignals project is now expanding its blockchain offering to include a cutting-edge trading stack that is powered by artificial intelligence. The new toolkit, known as ActualizeAI, uses NLP and predictive modeling to bring machine learning capabilities to AltSignals’ highly effective trading tools.

ActualizeAI could further boost the accuracy and frequency of trading signals shared within the online trading community. It analyzes vast amounts of market data, including investor sentiment levels, to deliver simple and intuitive trading signals that can drive consistent profits for its users.

How does ASI work?

The native ASI token, being released at the $0.01875 price level during stage 2 of the crypto presale, is expected to generate plenty of excitement among traders in Web3. The token provides direct access to the new AI-powered trading stack, and can also generate passive yield via staking on the AltSignals platform.

In addition to ActualizeAI, AltSignals is launching an exclusive online trading community called AI Members Club. The club will boost its members’ access to promising investment opportunities — including high potential presales and private sales in Web3.

AI Members Club will also host trading tournaments that offer major crypto prizes to the winners, and allow all members to test out the latest trading tools to stay on the bleeding edge of the crypto markets. To access the full suite of products available in the AltSignals ecosystem, investors need to hold a minimum of 50,000 ASI tokens.

Will ASI reach $0.70 in 2025?

The AltSignals presale will raise the value of the native token from $0.012 to $0.02274 across five investment rounds. Once the event is complete, ASI will be launched on digital asset exchanges and made available to a broader number of investors. Since ASI has deflationary tokenomics, this could drive price action over the coming months.

Price analysts are expecting ASI to perform strongly after the presale. The project appeals to a huge portion of crypto users thanks to its unrivaled support for AI trading. By 2025, the AltSignals ecosystem will be in full flow and the ASI token could breach the $1 price level.

What is Lido?

Lido is a blockchain-based platform that revolutionizes the staking process for a variety of proof-of-stake blockchains. Lido allows users to stake their assets without needing to run their own nodes, and also exchanges staked tokens for substitutes of equivalent value — a feature known as liquid staking.

Liquid staking allows long-term investors to gain several key benefits. Not only can investors expect long-term returns from holding ETH, but they can also earn passive yield and receive liquid tokens of equal value that can be reinvested, re-staked, or cashed out.

The LDO token lies at the heart of the Lido ecosystem, serving as a governance token for stakeholders to make decisions regarding the platform's future. With its unique solution to staking and proven track record on various networks, Lido is quickly becoming a key player in the blockchain space.

Will LDO reach $6 by 2025?

LDO is considered to be one of the most innovative solutions to staking in the world of DeFi. The Lido platform unlocks new investment possibilities, enabling leveraged trading while reducing liquidation risks substantially.

Since Ethereum’s Shanghai upgrade took place in March 2023, re-staking has become prevalent in the proof-of-stake ecosystem and Lido has grown in popularity, as long-term ETH stakers migrated to the platform to take advantage of its features.

By 2025, the LDO token is expected to grow and could reach a new all-time high above the $6 mark.

AltSignals vs. Lido: Which is the better investment?

Both AltSignals and Lido stand out as great investment opportunities during 2023. The wider crypto markets may be gearing up for the next bull market, so backers during this time can expect high profit potential from each of these DeFi-focused cryptocurrencies.

In particular, the ASI token presale has an attractive risk-to-return ratio (R:R). Since the token is in its earliest investment rounds, it has near unlimited upside from the current price of $0.01875. Backers should know that there’s a limited time only to get involved, so make sure to check out AltSignals before the token is officially launched.

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.

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