Key takeaways
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AltSignals’ stage two presale event is already halfway over, with more investors pouring into the project.
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Bitcoin continues to struggle to defend its price above the $30k level.
The cryptocurrency market has been bearish since the start of the week. Following last week’s rally, prices of Bitcoin and other cryptocurrencies are currently underperforming.
However, AltSignals’ presale event continues to surge ahead, with the second presale event already 50% completed.
What is AltSignals?
AltSignals is an exciting Web3 project that specially targets traders. The development team seeks to solve some of the pain points of traders and make it easier for people to enter the cryptocurrency market.
According to their whitepaper, AltSignals is a trading platform that provides trading signals for stocks, forex, indices, cryptocurrencies, and CFDs.
One of the biggest concerns for traders is accurately carrying out technical analysis and determining when to enter and exit traders.
AltSignals seeks to solve all that thanks to its use of blockchain technology and AI. The team has raised more than $1.1 million in the second presale stage and will use the funds to develop its trading platform.
ASI will be the native token that powers the AltSignals ecosystem. It is currently going for 0.01875 per token and could increase ahead of the next presale event.
In their whitepaper, AltSignals explained that they would use the funds generated from the funding rounds to develop ActualizeAI, a solution that could make it easier for more people to enter the cryptocurrency trading scene.
With ActualizeAI, users would have access to a fully automated solution that makes it easier for people to trade cryptocurrencies.
Visit the official AltSignals website to learn more about their presale.
AltSignals continues to generate more buzz
The cryptocurrency market has been retracing following last week’s rally. Bitcoin has lost more than 1% of its value over the past few days and is currently struggling to maintain its price above the $30k threshold. At press time, the price of Bitcoin stands at $29,960 per coin.
Other leading cryptocurrencies, including Ether, and BNB, are also underperforming. Despite the recent market retracement, AltSignals’ presale event continues to attain new milestones.
AltSignals’ stage two presale event has generated nearly $1.2 million, 52% of the total amount required. The project is still in its early days and could serve as an excellent investment for investors.
With the market currently retracing, more investors could be looking to purchase more cryptocurrencies. Furthermore, other investors could be looking to invest in new projects, and AltSignals could be one of the projects to consider.
Should you invest in AltSignals now?
Despite the poor performance this week, the cryptocurrency market has outperformed the other financial markets since the start of the year. Bitcoin is up by nearly 50% year-to-date, making it one of the best-performing global assets so far this year.
Market experts predict that Bitcoin’s price could surpass the $100,000 mark over the next few months or years. If that happens, other cryptocurrencies could benefit.
AltSignals could be one of the biggest beneficiaries due to its niche-specific product. As a product that targets traders, AltSignals could become an important project in a multi-billion dollar industry.
ASI is currently in its presale stage, and its price could soar higher once the token gets listed on cryptocurrency exchanges. Furthermore, if the crypto market embarks on a Bull Run, ASI’s price could also appreciate in the medium to long term.