Day: February 6, 2024

These catalysts could push Bitcoin, BitBot, and Ethereum high in 2024

Bitcoin, Ethereum, and other cryptocurrencies have entered a consolidation phase in the past few weeks as investors reflect on the recently approved spot ETFs. BTC has been stuck at $43,000 while most altcoins have pulled back by double digits. As I wrote on Monday, the crypto fear and greed index has moved to the neutral point. This article highlights two key catalysts that could have an impact on Bitcoin, BitBot, and Ethereum in 2024.

Bitcoin halving in April

The first important catalyst that could benefit Bitcoin, Ethereum, and BitBot is the upcoming halving event, which is set for April. Halving is a situation where Bitcoin rewards are slashed into half. In this case, the number of Bitcoin daily rewards will drop from 900 to about 400.

Halving is an important mechanism because it ensures the balance between supply and reward. If this halving was not embedded in the software, the number of coins in circulation would be substantially higher. 

Historically, the price of Bitcoin and other cryptocurrencies tend to do well ahead of a halving event. The same could happen this year. If this happens, the coin will likely rise and then push other cryptocurrencies like Ethereum, Cardano, and Solana much higher.

Remember that this halving comes a few months after the SEC approved eleven spot Bitcoin ETFs. This means that the halving event will coincide with a period of moderate strong demand for the biggest crypto in the world.

Federal Reserve rate cuts

The other important catalyst for BitBot, Bitcoin, and other coins is the upcoming interest rates as inflation retreats. Most Fed officials have sounded supportive of rate cuts later this year. However, they have also pushed back against the view that cuts will start in March. 

This view is reasonable since the recent economic numbers show that the US is thriving, with wages rising and the unemployment rate being low. The economy also expanded by 3.3% in the fourth quarter, beating the median estimate of 2.2%. 

Therefore, it makes sense that the Fed is waiting for the economy and inflation to cool before starting rate cuts. What is clear, however, is that the Fed will start cutting rates in the second half of the year. In most cases, Bitcoin and other cryptocurrencies tend to do well when the Fed is cutting rates.

Ethereum ETF approval

Further, there are signs that the Securities and Exchange Commission (SEC) will approve a spot Ethereum ETF. Some analysts expect the agency to make this approval by May of this year. If this happens, it will lead to more inflows from institutional investors as we have seen with Bitcoin.

However, there are risks that the SEC will not do that because BTC and ETH are significantly different assets. The SEC believes that Ethereum is a security because of its staking features. It sees Bitcoin as a digital commodity. Still, the anticipation of this ETF approval will likely push these coins higher.

For starters, BitBot is a company that aims to provide the best Telegram trading bot. This bot will be powered by the $BITBOT token, which will be used to reward its users and also offer provide governance features. You can read more about BitBot in this white paper.

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Bybit launches free crypto investing toolkit

Bybit has launched Crypto Investment Analysis Toolkit, a free technical toolkit investors can use to analyse opportunities in the crypto investing space.
The toolkit is accessible on Google Sheets, the crypto exchange noted in an announcement.
Bybit says users can peer beyond price speculation and hype to find investments that add quality to their portfolio.

Bybit has unveiled a free toolkit that crypto investors can leverage to unearth hot investment opportunities across the market.

The crypto exchange revealed in an announcement on Tuesday that the new Crypto Investment Analysis Toolkit taps into an extensive input from internal experts.

Empowering investors to make informed decisions

According to Bybit, the toolkit outlines potential investment strategies that investors can explore to elevate their knowledge of the market. The exchange says the smart investing tips are tailored for beginner and seasoned investors and will be accessible free on Google Sheets.

Our mission is to empower investors with the tools and knowledge to make more informed decisions,” Ben Zhou, CEO of Bybit, said in a press release.

Noting that investors could find real value from this tool, Zhou added:

This toolkit embodies our commitment to enhancing the crypto investment landscape, combining simplicity with powerful analytical capabilities to unlock the true value of digital assets.”

With the crypto market still largely hype-driven, investors can utilize the technical toolkit to get a clear perspective of the market beyond price analysis. In this case, Bybit experts say investors tapping into the toolkit can build a higher quality portfolio.

Users will have a chance to dig into a project’s fundamentals, including economic factors, platform health and social influence. The aim is to give the investment community a tool that they can leverage for a comprehensive approach to their investing.

Bybit, which ranks as one of the largest crypto exchanges by trade volume, believes the analysis tool will boost the crypto trading community.

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Hedera inks $250 million deal with Saudi Ministry of Investment

Hedera has announced it sealed a five-year, $250 million deal for blockchain and Web3 initiatives in Saudi Arabia.
HBAR price rose more than 5% following the major development.

Hedera has secured a $250 million investment deal from the Saudi Arabia government, according to details the blockchain platform shared today.

The deal is part of a five-year agreement The Hashgraph Association, a Swiss-based non-profit helping to develop the Hedera blockchain signed with the Saudi Ministry of Investment, Hedera posted on X.

As part of a five-year agreement valued at $250m with the Saudi Ministry of Investment (@MISA), @The_Hashgraph Association has announced the launch of the DeepTech Venture Studio – empowering companies to develop innovative technological solutions. #web3https://t.co/wnqA9H4rm4 https://t.co/Yi6EJWqEh6

— Hedera (@hedera) February 6, 2024

Hedera launces DeepTech Venture Studio

Per the announcement, The Hashgraph Association has launched DeepTech Venture Studio, a venture targeted at empowering local Saudi as well as companies in the technology space. 

In particular, the project will look to promote adoption across blockchain, artificial intelligence, robotics, and Internet of Things (IoT). Also targeted is virtual reality and quantum computing.

Hashgraph and the Saudi Ministry of Investment officially signed off the agreement for the studio during the Saudi-Swiss roundtable meeting in Riyadh.

With the major deal in Saudi in place, Hashgraph has added to recent initiatives aimed at driving further development of the Hedera network. These include the partnership with Algorand that introduced the Decentralized Recovery (DeRec) protocol. 

Announced earlier this year DeRec is an initiative that seeks to bolster digital asset security and recovery efforts. The program also involves the HBAR Foundation and Algorand Foundation.

Today’s news saw the price of Hedera native token HBAR surge by more than 5% to above $0.076.

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Monero (XMR) dips after Binance announced delisting

Binance delists Monero (XMR) along with other assets, causing a 19% price drop.
Monero’s delisting reflects regulatory pressure on privacy coins in the crypto market.
Monero withdrawals from Binance will be supported until May 20.

Monero (XMR), one of the leading privacy-focused cryptocurrencies, is experiencing a significant drop in its price following a delisting announcement from Binance, the world’s largest cryptocurrency exchange.

Binance revealed its decision to delist Monero along with several other assets, including Aragon (ANT), Multichain (MULTI), and Vai (VAI), effective February 20.

Monero price post Binance delisting 

Binance’s decision to delist Monero (XMR) comes as part of its ongoing efforts to uphold compliance standards and ensure the safety and integrity of its platform. The exchange cited various reasons for the delisting, including considerations such as trading volume, liquidity, stability, safety, public communication, and evidence of unethical or fraudulent conduct.

At press time, Monero’s price had dropped by more than 19% in response to the news, trading at $134.24.

Monero price chart

 

This swift decline underscores the immediate impact of exchange decisions on cryptocurrency prices and investor sentiment.

Implications of the delisting

The delisting of Monero from Binance marks a significant development in the cryptocurrency landscape, particularly for privacy-focused digital assets. Monero, known for its robust privacy features that obscure transaction details, has often faced regulatory scrutiny due to concerns about its potential use in illicit activities.

Binance’s move to remove Monero from its platform reflects a broader trend of regulatory pressure on privacy coins. By discontinuing support for Monero trading and withdrawals, Binance aims to mitigate regulatory risks and enhance compliance efforts, aligning with evolving industry standards.

Investors and users of Monero will need to adjust their strategies accordingly in response to Binance’s delisting decision. While withdrawals of Monero will be supported until May 20, users may consider alternative platforms or wallets for trading and storing their XMR holdings.

The post Monero (XMR) dips after Binance announced delisting appeared first on CoinJournal.

Optimism and Aptos Holders Take Notice of NuggetRush’s Promising Presale Figures

TLDR

The recent market-wide correction has taken a chunk of Optimism’s (OP) December gains.

Aptos (APT) has announced partnerships with high-quality data providers.

NuggetRush (NUGX) could dominate the play-to-earn market with the launch of its mining game.

Optimism (OP) has lost bullish momentum in 2024 following the recent market downturn. Aptos (APT) aims to get real-time data by partnering with mega blockchain data providers.

Still, NuggetRush (NUGX) and its sale of 168 million tokens continue to draw attention among digital asset investors. NUGX’s first buyers now enjoy an 80% token value increase. Yet, can NuggetRush (NUGX) join the best DeFi projects in the gaming industry? Let’s discuss.

>> Buy NuggetRush Now <<

Optimism Loses December Gains in Market-Wide Correction

The crypto market has been filled with bullish momentum since the end of 2023. Top altcoins had rallied impressively. Optimism (OP) recorded over 100% price increase in December 2023. Its market capitalization had also risen by $1 billion in the same time frame. 

Yet, Optimism (OP) has lost some of its December growth in January 2024. OP traded at $3.9887 on January 1. It fell by 19.8% to $3.1979 by January 18. OP declined by 10.6%, reaching $2.8561 on January 24 before a 10.5% recovery to $3.1571 on January 30.

Optimism’s (OP) fall shocked many analysts as the network enjoyed bullish sentiments following its recent upgrades. On January 25, Optimism (OP) launched its bedrock upgrade. Market experts believed the ensuing bullish sentiments would sustain Optimism’s (OP) rally. 

However, there were many people disappointed by Optimism’s decline. They say OP might rise by 22.2% to $3.8590 due to excitement around its network upgrades.

Aptos Expects Large Developer Influx Following Data Transparency Partnerships

Aptos (APT) has partnered with several large data providers to create easier access to real-time information for developers on its network. Companies involved in the partnership with Aptos (APT) include Dune Analytics, Nansen AI, TokenTerminal, and DappRadar. The partnership would further streamline the development of apps on Aptos (APT).

Furthermore, it could push Aptos (APT) back to the $10.00 range. APT sold at $10.24 on January 2. It fell by 19.1% to $8.2794 on January 9 before recovering by 21.0% to $10.02 on January 13. APT then fell by 9.5% to $9.0673 on January 30.

Aptos (APT) is aiming to boost DeFi activity on its network in 2024. By incorporating real-time data providers, Aptos developers can build flagship services that compete with major altcoins. This could further boost demand for Aptos’ services, potentially pushing APT up by 26.9% to $11.5073.

NuggetRush Mega Presale Growth Indicates Yield Potential of Mining Game

Gamers and investors are thrilled by the overall performance of the NFT gaming market. Yet, NuggetRush, the first-ever blockchain mining game, has everyone talking. Players anticipate a new gaming experience, while P2E enthusiasts and investors are excited by NuggetRush’s (NUGX) financial potential.

The game takes players on a fun yet challenging mining adventure that tests their ability to think critically, strategize, make decisions, and manage resources/workers. NuggetRush’s (NUGX) inclusion of real-world mining skills and high-level decisions gives the game a unique and realistic feel.

It rewards players for successful mining operations and gives more rewards for higher mining efficiency. Players also boost their mining efficiency by collaborating with rival players on mining quests. Collaborations also allow for extra group rewards.

These rewards have immense financial potential as players can trade them for real cash on its P2P NFT marketplace. Additionally, players can earn high-value APY rewards when they stake their NFTs.

For non-players, investing in NUGX tokens is another way to earn from the project. Investors have acquired 168 million NUGX tokens since its blockchain ICO began. NUGX’s price rose by 80% from $0.010 in round one of its presale to $0.018 in round five. News of NUGX’s listing is already making waves as investors jubilate over another 11.1% increase to $0.020.

Visit NuggetRush Presale Website

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XRP, DOGE price prediction amid Memeinator’s epic presale

XRP price hovers above $0.50 amid latest Ripple vs.SEC case.
Dogecoin price is ranged and could dip further, but is seeing renewed interest.
Memeinator (MMTR) presale has surpassed $4.2 million amid massive investors confidence.

XRP price defied latest Ripple news as it held above $0.50, while Dogecoin (DOGE) remains near the $0.08 level that could prove crucial for bulls.

As the Ripple token looks to establish the current level as primary support level and DOGE eyes upcoming crypto bull run, could the Memeinator (MMTR) be one of the best new tokens to invest in 2024?

Here is a price prediction for XRP, DOGE and MMTR.

XRP price prediction: $0.50 is critical for bulls

A recent hack incident involving Ripple saw the price of XRP fall 5% to around $0.48. The altcoin rebounded above $0.50 and has retested the level on multiple occasions in the past few days.

On Monday, US Judge Sarah Netburn ordered that Ripple provide financial statements for 2022-2023 as well as records of post-complaint institutional sales of XRP. The judge agreed with SEC’s motion on these requests, thereby handing the regulator a key win.

While the XRP price has not reacted sharply to this development in the Ripple vs. SEC case, this legal hurdle has weighed on XRP since its filing in December 2020. In July last year, XRP rose to above $0.82 after Judge Analisa Torres’ ruling that XRP was not a security.

As an important technical level over the past year, $0.50 is what bulls need to hold to avoid giving the initiative to bears. If the negative scenario unfolds, the short term bearish outlook could highlight a breakdown towards the $0.40 support level.

Dogecoin price prediction: DOGE eyes positive catalysts

Dogecoin price has traded below $0.08 for the past week, with its price about 4% down in the time frame. A look at the charts shows that the top meme coin failed to hold above $0.1 since the breakdown in November 2022.

The rally in several Solana-based meme coins, including Bonk, contributed to the struggle DOGE experienced in 2023. However, with a number of recent developments, it appears the coming months could be positive for the dog-themed meme coin.

Dogecoin blockchain’s recent welcoming of the Doom video game and this week’s reports claiming SpaceX accepted DOGE payments for the anticipated DOGE-1 launch could be key upside catalysts.

However, a bearish outlook is hinted to by the descending triangle formation on Dogecoin’s daily chart. This and potential broader market weakness means DOGE might dip to support at $0.06. However, the resurgence in meme coin interest suggests a retest of $0.1 in the short term could allow bulls to target the $1.

Memeinator: The meme token to challenge Dogecoin, Shiba Inu?

The meme coin market currently stands around $20.3 billion, with CoinGecko data showing roughly 340 meme tokens. While the meme market cap is projected to grow significantly in coming years, the majority of current tokens are worthless, no utility projects that rely on hype for short-term price gains.

Memeinator (MMTR) is a new meme token that looks to restore meme culture by eliminating the useless copycat tokens. To get to this, Memeinator is building a resistance movement that will leverage an AI-enabled game to target and destroy all subpar meme tokens.

When it launches, the project has its eyes set on hitting the $1 billion market cap, which could see it overtake the likes of Floki, Pepe, and Bonk. Ultimately, the mission is to rule over meme coins and that means challenging Dogecoin and Shiba Inu.

Memeinator price prediction: Can MMTR hit $1 in 2025?

The Memeinator is currently in presale, which has seen more than $4.2 million so far. With partnerships, a token burn and staking already live, this project’s revolution seems to be truly underway. What remains before going full scale is the six presale stages that will see MMTR rise to $0.0292.

Currently, investors can lock in 40% in presale returns by joining the ongoing sale at $0.0208. AI, GameFi and meme coins are all big trends in 2024 and Memeinator has all these at its core. If for instance, Bitcoin’s upcoming halving catalyses a run to a new all-time high, altcoins will definitely mirror it.

In the meme coin market, Memeinator’s hostile takeover of the sector means the $1 billion market cap target is achievable. If it happens, the MMTR price could swell to between $0.5 and $1 amid broader bull market conditions. 

Are eyeing a new meme coin? Find more about Memeinator on their presale page.

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Decentralized Fund Management Platform DeSyn Launch Liquidity Restaking Fund, Enjoy triple points for Eigenlayer, Renzo, and DeSyn

Hong Kong, Hong Kong, February 6th, 2024, Chainwire

After a period of tranquility, the Ethereum ecosystem is gradually regaining momentum with the rise of the Restaking. As seasoned DeFi participants, DeSyn has consistently focused on developing the Ethereum network. Previously, DeSyn initiated the launch of the 3x ETH Leveraged ETF based on sharp market insights, aiming to promote diversity in Ethereum network products and assist users in maximizing their returns within the Ethereum ecosystem.

Today, DeSyn announces the launching of the DeSyn ETH Restaking Fund I( 3x Points), dedicated to participating in this industry revolution alongside ecosystems such as Eigenlayer and Renzo, collectively shaping the future of DeFi.

The DeSyn ETH Restaking Fund I( 3x Points), drETH in short, is an open-end fund product introduced by Little Frog, a professional decentralized asset management DAO organization based on the infrastructure of the DeSyn platform. This product integrates DeSyn and other two highly acclaimed restaking platforms, Eigenlayer and Renzo. Users can stake ETH, stETH, wETH, and ezETH through the DeSyn platform. The fund supports on-demand withdrawals and offers the existing APY from LST and LRT and the triple yield expectations from Eigenlayer, Renzo, and DeSyn. Currently, this fund’s APY ranges from 3.6% to 60%. In terms of security, DeSyn solemnly declares that all contract codes have undergone security audits to ensure the safety of user assets.

https://little-frog.gitbook.io/little-frog/products/open-end-desyn-eth-restaking-fund-i-3x-points

How to restake?

Users can navigate to Desyn’s website and select the “restaking” option to access the DeSyn ETH Restaking Fund I (3x Points) issue. Upon selection, users have the opportunity to acquire drETH, associated with the potential of triple returns.

https://www.desyn.io/#/pool/0x8F92265FE1F875d1985cD9D4275dd4Cfec9eb1E7

Enhanced Incentives through Triple-Point Staking with DeSyn

As mentioned earlier, opting for the fund not only grants potentially basic LST and LRT returns but also yields triple points from Eigenlayer, Renzo, and DeSyn.

DeSyn is committed to maximizing incentives for staking users. Starting from February 6, 2024, any user participating in this Fund can earn corresponding points, dependent on the staking amount and duration.

DeSyn Points Formula: DeSyn points = (Amount of LST) * Number of staked days * 10,000
Eigenlayer Points Guide can be found here.
Renzo Points Guide can be found here.

EigenLayer: Elevating Ethereum Security through Restaking

EigenLayer is a protocol built on Ethereum that introduces restaking, a new primitive in crypto-economic security. This primitive enables the reuse of ETH on the consensus layer. Users that stake ETH natively or with a liquid staking token (LST) can opt-in to EigenLayer smart contracts to restake their ETH or LST and extend crypto-economic security to additional applications on the network to earn additional rewards.

Users can learn more by visiting EigenLayer’s official website.

Renzo: Pioneering Restaking on the EigenLayer Mainnet

Renzo is the first native restaking protocol to launch on the EigenLayer mainnet. Although EigenLayer will not begin securing Actively Validated Services (AVSs) I.e. EigenDA until mid-2024, they have been accepting deposits. Deposits for Liquid Staking Tokens (LSTs) are capped; however, native ETH deposits remain uncapped but very difficult for most users to access. They require a user to have 32 ETH and run an Ethereum node that is integrated with EigenLayer to run EigenPods.

Users can learn more by visiting Renzo’s official website.

About DeSyn

DeSyn Protocol is an innovative decentralized asset management infrastructure on Web 3, empowering users to securely and transparently create and manage customized pool-based portfolios with various on-chain assets (tokens, NFTs, derivatives, etc.) via smart contract.

For more information users can visit DeSyn’s:

Official Website
Twitter
Telegram
Discord
YouTube

 

Contact

DeSyn Team
DeSyn Protocol
marketing@desyn.io

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Enhancing DeFi: Equalizer Introduces New Meta Aggregator and Airdrop Explorer Services

Road Town, British Virgin Islands, February 6th, 2024, Chainwire

Equalizer Elevates Their DeFi Platform with Launch of DEX & Bridge Aggregator and Airdrop Explorer Features

In a significant leap forward for decentralized finance, Equalizer is proud to announce the launch of two innovative services: a Meta Aggregator and an Airdrop Explorer. These additions, combined with the platform’s existing Flash Loans service, cement Equalizer’s position as a multi-service player in the DeFi space.

Meta Aggregator: A One-Stop DeFi Solution

The Meta Aggregator is a multi-chain decentralized exchange (DEX) and a cross-chain bridge for top blockchain networks, enabling users to swap any token seamlessly with a single click. This service also features a unique gas function, assisting users in transferring gas efficiently across networks, and ensuring uninterrupted token movement.

“Our DEX and Bridge Aggregator is designed to be the ultimate destination for all DeFi swapping and bridging activities, offering unparalleled ease and efficiency,” said Julian, Founder of Equalizer. “It represents our commitment to simplifying and enhancing the DeFi experience for our users.”

Airdrop Explorer: Strategies for Optimal Rewards

The Airdrop Explorer feature is an easy-to-use airdrop finder. It assists users in identifying the most rewarding airdrops, providing detailed strategies and step-by-step guides to increase eligibility. The feature also allows users to track completed airdrops efficiently, while learning how to interact with the newest tools in the space.

“This new feature is a game-changer, offering our users an edge in maximizing their airdrop rewards,” explained Adrian, CTO of Equalizer. “It’s all about empowering our community with the tools and knowledge to thrive in the dynamic world of DeFi.”

Forward-thinking: Integrating AI in DeFi

Building on these advancements, Equalizer is also testing the integration of Artificial Intelligence in DeFi, exploring use cases for both technical and marketing aspects of the platform. This forward-thinking approach ensures that Equalizer stays at the forefront of technological innovation, adapting swiftly to market trends.

About Equalizer

Equalizer is the first dedicated platform that equalizes the DeFi markets. Offering a range of services including Flash Loans, Meta Aggregator, and Airdrop Explorer, Equalizer is committed to innovation and user empowerment. Always dedicated to providing cutting-edge solutions in the rapidly evolving DeFi space.

For more information, follow Equalizer’s:

Official Website
Twitter
Telegram

 

Contact

Marketing Manager
Mihai Lungu
Equalizer Finance
mihai@equalizer.finance

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Haru Invest execs arrested for embezzling $830M

Three Haru Invest execs have been arrested for embezzling customer funds.
It is alleged that the execs diverted funds after falsely advertising the platform.
A class-action lawsuit has been filed, seeking clarity on investigations.

In a stunning turn of events, barely a day after Montenegro extradited Terraform Labs CFO to South Korea, South Korean authorities have arrested several executives of Haru Invest, a cryptocurrency yield platform, on embezzlement charges. The arrests follow the suspension of withdrawals from the platform in June 2023, leaving investors unable to access their funds.

Prosecutors allege that the executives stole approximately 1.1 trillion won ($830 million) worth of cryptocurrency from thousands of Haru Invest customers, sparking outrage and legal action.

Haru Invest execs face embezzlement charges

The Virtual Asset Crime Investigation Unit of the Seoul Southern District Prosecutors Office has arrested the CEO and two other executives of Haru Invest on charges of embezzling customer funds. The arrests follow a series of tumultuous events that have plagued the cryptocurrency yield platform since mid-2023.

Haru Invest, established in 2019, had initially captured investors’ attention by promising annual interest rates of up to 12% on cryptocurrency deposits. However, the platform’s abrupt suspension of withdrawals last June sparked widespread concern and scrutiny.

Prosecutors allege that between March 2020 and June 2023, the executives engaged in misappropriation, diverting customer funds while falsely portraying the platform’s operations as employing “risk-free diversified investment techniques.”

Haru Invest’s history

The downfall of Haru Invest unfolded rapidly after it paused withdrawals and deposits in June 2023, citing issues with service partners. After the withdrawal halt, approximately 100 employees were subsequently fired.

The platform claimed it was facing challenges due to the alleged fraudulent activity of consignment operator B&S Holdings, formerly Aventus, further fuelling suspicion.

Investors, including Delio, a depository and management company that also suspended withdrawals last year after being unable to access the funds it had in Haru Investassets, filed a class-action lawsuit against Haru in June 2023.

As the events unfold, the company’s “no information” updates and the CEO’s detention have left investors in limbo, desperately seeking clarity on the investigations and asset recovery efforts.

The post Haru Invest execs arrested for embezzling $830M appeared first on CoinJournal.

LINK rallies by 26% in a week as Uniswap lists AltSignal’s ASI

Key takeaways

Chainlink’s LINK is up by 26% in the last seven days, outperforming the broader cryptocurrency market.

ASI token launched on the Uniswap exchange after AltSignals concluded its token sale. 

The cryptocurrency market has been consolidating over the past few days, with Bitcoin still trading below the $43k level. However, Chainlink’s LINK is currently outperforming the market and could rally higher soon.

LINK rallies by 26% to outperform the market

LINK, the native coin of the Chainlink ecosystem, is the best performer amongst the top 20 cryptocurrencies by market cap over the last seven days. It is up by more than 26% over the last seven days.

At press time, the price of Chainlink stands at $18.92. LINK’s rally comes as the other major cryptocurrencies continue to underperform. Bitcoin continues to trade below the $43k level while Ether is consolidating above $2,300. 

AltSignals’ presale comes to an end

Despite the current market conditions, AltSignals has achieved an important milestone. The project’s presale has now closed and the team raised $1.8 million. In the first presale round, ASI, the native token of the AltSignals ecosystem, went for 0.015 USDT. however, by the end of the presale, the token was sold for 0.01875 USDT.

The funds raised from the presale rounds would aid in developing products for the users. AltSignals is a unique project that will use AI and blockchain technology to ease crypto trading and, in the process, help onboard more traders to the market. 

What is AltSignals?

AltSignals is a Web3 project that seeks to gain adoption beyond the crypto space. It project targets traders in the broader financial markets, including crypto, forex, stocks, commodities, and indices traders. 

Per their whitepaper, AltSignals intends to make it easier for traders to have access to trading signals and other resources that would help make them better traders. 

Most of the funds generated from the presale round would go towards developing ActualizeAI. ActualizeAI is an AI solution that will make it easier for people to trade cryptocurrencies and other financial assets. 

With ActualizeAI, traders have a solution that works 24/7, generating signals and helping them identify various patterns in the market. This solution helps eliminate some of the obstacles traders face in the market. 

Furthermore, AltSignals will use blockchain technology, AI, natural language processing, machine learning, regression, and predictive modelling, to enhance its services. 

ASI price prediction as Uniswap lists the token

ASI is the native token of the AltSignals ecosystem. Now that the presale has been concluded, the AltSignals team is already working to get the token listed on several cryptocurrency exchanges.

A few hours ago, the team announced that the ASI token had been listed on Uniswap, one of the leading decentralized cryptocurrency exchanges in the world. With ASI now available on Uniswap, the token would become available to millions of investors globally. 

Have you seen?! $ASI is now listed on Uniswap 🙌🦄

Join the revolution and explore the future of trading with AltSignals in the crypto space🚀🤖

With even more to come – this is your time in invest in the best in the trading game 🔥🦾 pic.twitter.com/plmtC5AGBw

— AltSignals (@AltSignalseng) February 5, 2024

At the moment, ASI is still trading at $0.01875 per token. However, with the listing on Uniswap and other exchanges to come, ASI’s value could skyrocket over the coming weeks and months. 

In addition to that, AltSignals’ adoption by traders could help push ASI’s price higher in the coming months and years. 

Should I buy AltSignals now?

AltSignals is no longer in presale, which means that it will become easier to purchase the token. ASI is already live on Uniswap and can be purchased from the decentralized exchange.

The team is also working to list ASI on other decentralized and centralized exchanges in the coming weeks and months. 

If AltSignals gets the right level of adoption, ASI’s price could soar higher in the coming months and years. AltSignals could gain massive adoption in the crypto space and beyond, and this could make it one of the leading Web3 projects in the world.

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