- The Graph is now down over 90% versus its recent high.
- Factors that could unlock further upside in AltSignals.
- AltSignals native “ASI” token is currently in presale.
The Graph was first thought of as a project that would play a pivotal role in the rise of “Web3”. Still, its performance over the past two years seems to suggest otherwise.
The Graph has been a pain for its investors
Versus its all-time high in early 2021, “The Graph” has lost more than 90% on the back of several challenges. These include, first of all, the added competition that GRT has evidently failed to survive.
The Graph has been restricted in terms of the use cases it can potentially address as well. Consequently, experts are not entirely convinced that the GRT token would even manage to hold at the current 12 cents per token through this year.
But such may not be the case for AltSignals that’s in presale at writing and, therefore, does not have the risks that are usually coupled with late entry.
What you need to know about AltSignals
AltSignals is the financial technology company behind “AltAlgo” &- a tool that informs a trader on when to buy or sell in any tradeable market, including cryptocurrencies.
What makes it all the more exciting is that AltSignals plans on adding a touch of artificial intelligence into its state-of-the-art trading algorithm to launch an enhanced, more accurate service for traders that it’s calling ActualizeAI.
In a way, it’s an opportunity to bet early on the recent AI mania, initially sparked by Microsoft when it announced a multi-billion-dollar investment in ChatGPT. Other notable names, including Snap Inc, Amazon, Baidu, Salesforce etc. then followed in its footsteps this year.
“Bard” &- a chatbot that may be called Google’s panic response to ChatGPT failed to interest investors when it first launched in February. Earlier this month, though, it made a series of updates and notable announcements at its annual developer conference that confirmed it’s not giving up without a fight.
All in all, the aforementioned developments suggest AI is here to stay &- and AltSignals seems prepared to capitalise on it.
Should you invest in the ASI token?
AltSignals is winning in terms of popularity considering it’s raised over $740K already and more than 50,000 traders are using its flagship trading signals from across the globe.
Once ActualizeAI goes live, experts believe the demand for “ASI” will climb further as it’s what powers the said artificial intelligence-based service. And like any financial instrument, higher demand will eventually lead to price appreciation.
Owning the ASI token is attractive because it opens a world of members-only benefits for holders as well. These include having a say in how the project develops moving forward and access to a number of earnings opportunities via participating in trading tournaments for example.
AltSignals may particularly be a great investment opportunity as it’s in presale only at writing. You can build an early position in this AI token in three simple steps as per its website.
How high could AltSignals (ASI) go?
AltSignals expects its native ASI token to hit $0.02274 by the end of the current presale &- up roughly 50% from here.
Starting with Uniswap, the ASI token will then go live on major crypto exchanges. That’s significant because coins like Floki and Pepe recently noted a sharp price increase following listing on crypto exchanges. If the same materialises for AltSignals, your returns would continue to expand.
Lastly, ASI could also benefit from the easing monetary policy. Earlier in May, the U.S. Federal Reserve signalled a “pause” after consumer prices were reported to have eased further to 4.9% last month.
Put together with the ongoing bank failures, Chair Jerome Powell no longer has a lot of room to raise rates any further. Such macro developments could see investors return to more aggressively to riskier bets such as cryptocurrencies &- and so the AI token could benefit from the continued recovery in this space at large.
To conclude, as AltSignals integrates artificial intelligence to become the leading trading toolkit, many experts believe its native ASI token could be valued at around 5 cents by the end of 2023.
The post GRT is down over 90% versus its high: how safe is AltSignals (ASI) token? appeared first on CoinJournal.
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