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The cryptocurrency market underperformed earlier this week but has now resumed its upward ascension. The positive performance has seen the total cryptocurrency market cap approach the $1.2 trillion mark.
Major cryptocurrencies, including Bitcoin and Ether, have all recovered from their weekly lows and could be set to rally higher in the near term. With the market now recovering, is this an excellent time to look at some coins and tokens that could provide an excellent return on investment (ROI) to investors?
AltSignals is one of the projects that investors could look at. As a niche-focused project, AltSignals could play a crucial role in how traders trade some of the leading cryptocurrencies like Bitcoin.
Here, we will look at what AltSignals has to offer and whether it should be one of the tokens investors consider.
Does AltSignals offer an attractive investment opportunity?
AltSignals could prove to be an excellent investment opportunity for investors, especially those looking at projects in their early stages.
This project is still in its pre-sale stage, but the platform offers trading signals for a wide range of financial assets, including cryptocurrencies, forex, stocks, and CFDs.
As a niche-focused project, AltSignals leverages an AI stack to use machine learning, predictive modelling and natural language processing (NLP) for analysis. These technologies allow AltSignals to enhance the volume and accuracy of the signals it generate for traders.
However, according to the project’s whitepaper, its biggest selling point remains ActualizeAI. This is a fully-automated feature that comes with a 24/7 trading function.
With the crypto market still growing, AltSignals could play a crucial role in the broader market thanks to its focus on the trading ecosystem.
As more traders enter the crypto market, AltSignal’s adoption rate could increase, leading to a possible surge in the value of its token.
The growth of the market could see more traders troop in and could need the services of platforms such as AltSignals. The higher the adoption rate of AltSignals, the more the value of its token could increase.
ASI, the native token of the AltSignals platform, is currently in its pre-sale stage and can be purchased for $0.012 per coin.
The token is set to list on numerous decentralised and centralised crypto exchanges after the pre-sale stage, and this could potentially boost its value in the near term.
Will AltSignals reach $0.10 in 2023?
ASI is currently going for $0.012 in the presale, which means that the token will need to perform excellently to reach the $0.10 mark by the end of the year.
However, the possible launch of ActualizeAI over the next few months could improve the services offred by AltSignals. This will, in turn, boost the adoption rate of AltSignals and increase the utility of the ASI token.
As more people use ASI tokens, the value of the token could increase. Furthermore, ASI’s rally over the next few months could depend on the broader fundamental condition of the crypto market.
If Bitcoin and the others continue on their current path, the market could record further growth before the end of the year, and ASI could be one of the biggest winners.
What is Injective?
Injective is one of the leading blockchains built specifically for finance.it is an open, interoperable layer-one blockchain designed tp power the next-gen DeFi applications, including decentralised spot and derivative exchanges, lending protocols, and more.
INJ, the native token of the Injective ecosystem, has recorded massive growth in recent months and is now one of the top 100 cryptocurrencies by market cap. Early investors have already recorded an ROI of over 2,000%.
Is Injective safe?
Injective can be considered a relatively safe coin thanks to its position in the market. So far, there has been no major controversy surrounding the Injective project. The blockchain continues to host some DeFi applications while its coin is one of the best performers in the cryptocurrency market.
What is AltSignals?
AltSignals is a trading platform that provides trading signals for various asset classes, including crypto, stocks, forex, and CFDs.
To improve its services, AltSignals is currently working on ActualizeAI. This product is fully automated and comes with a 24/7 trading function. ActualizeAI is designed to help traders to know when to enter trades, execute more accurate trades, and implement proper risk management strategies.
Users can gain access to the AltSignals platform using its native ASI token. You can learn more about the AltSignals pre-sale by visiting their website.
How does AltSignals work?
ASI, the native token of AltSignals, powers the ecosystem. The platform provides trading signals for leading asset classes like crypto, stocks, forex, and CFDs.
AltSignals is able to achieve this using AltAlgo, a tool that allows it to simplify charts and indicators.
In addition to AltAlgo, AltSignals will soon launch ActualizeAI. With this product, it would become easier for traders to identify patterns in market data and make better trading decisions.
ActualizeAI will come with predictive modelling to enhance how it generates signals.
How will AltSignals change the trading industry?
ActualizeAI is the product that could allow AltSignals to change the crypto trading ecosystem. The product could make it easier for traders to generate trading signals, eliminating a major pain point for most traders.
ActualizeAI could make it easier for traders to know when to enter trades, when to take profits, and where to place their stop loss. With these key data, AltSignals could attract more people to cryptocurrency trading.
Is cryptocurrency a good long-term investment?
The return on investment from numerous crypto projects over the past few years has shown that cryptocurrency is a good long-term investment.
The crypto market has grown through numerous bearish and bullish cycles and gone on to record new all-time highs. Early investors in Bitcoin and Ether recorded thousands of percentages in ROI.
Those who invested in meme coins like Shiba Inu and Dogecoin and web3 projects like The Sandbox and Decentraland also recorded massive profits in the long term. The market is still down by more than 50% from the all-time high recorded in 2021 and could be on track to set a new record in the coming months.
Are trading tokens a good long-term investment?
Trading tokens could become very important in the cryptocurrency space in the long term. As the crypto market continues to grow, more people will start trading cryptocurrency pairs.
However, trading cryptocurrencies is not as easy as investing in the assets. This is where trading tokens will come to play. With trading tokens, investors will have access to trading platforms, where they will get resources that will help them become better traders. One of the tokens to watch out for in this space is ASI, the native token of the AltSignals ecosystem.
Is AltSignals worth buying?
AltSignals is a project that holds a lot of promise if the development delivers on its products and features. The launch of ActualizeAI could see AltSignals’ adoption increase massively amongst crypto and forex traders.
As more people use AltSignals and its ASI token, the value could increase over time. The value of ASI could depend on the project delivering on its promise and the fundamental conditions of the broader cryptocurrency market.
The post Total crypto market cap approaches $1.2 trillion: is this an opportunity to invest in AltSignals? appeared first on Invezz.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.