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AltSignals new cryptocurrency has seen remarkable success during its token presale, raising significant funds in just a few short weeks. This innovative trading platform, soon to be backed by advanced AI technology and with a dedicated team, has captured the attention of crypto investors worldwide.

This article explores the factors that make this new cryptocurrency, ASI, a promising investment opportunity and why it has garnered such interest in the crypto community.

AltSignals is a trading platform designed to provide users with accurate and reliable trading signals. With an average accuracy of 64% and over 1,500 signals sent, it has already established itself as a trustworthy source of information for traders. The introduction of the ActualizeAI layer aims to improve signal accuracy to 80% and above, making AltSignals even more attractive to investors.

The new system will employ a blend of linear regression algorithms, anticipatory modeling, and NLP (Natural Language Processing) to estimate future values of assets by analyzing their past behavior. As artificial intelligence accumulates additional information, it will integrate time-series projection techniques to boost its forecast precision.

The ASI token is the native currency within the AltSignals community. It plays a crucial role in various platform aspects, such as trading tournaments, community contributions, and product development. Most importantly, token holders can access the ActualizeAI tech stack.

During the token presale, 58% of the total ASI token supply will be made available to investors. The funds raised during the presale will be allocated to various aspects of the project, such as development, exchange liquidity, marketing, and DEX listings.

AltSignals has built a robust community that plays an integral part in the platforms development and decision-making processes. The projects focus on decentralization and community governance ensures that the voices of its users are heard and that their interests are taken into account.

By hosting trading tournaments, AltSignals will allow users to compete for prizes in money, ASI tokens, and bragging rights as the top trader. This adds an element of competition and excitement to the trading experience, further strengthening the communitys involvement.

The ASI token presale offers investors a unique opportunity to participate in a new cryptocurrency project with solid fundamentals and immense growth potential. The funds raised during the presale will be used for platform development, ensuring that the platform continues to improve and meet the needs of its users.

Moreover, the AltSignals team has implemented a burn/buyback mechanism, allowing the community to decide if limiting the overall circulating supply benefits the project. This decision-making power ensures that the communitys best interests are always prioritized so they can make the best crypto investments.

Security is paramount for any crypto investment, and AltSignals has considered this by storing ASI tokens in secure multi-signature wallets. These wallets require at least two private- key signatures to approve any transactions, ensuring the security of the treasury and safeguarding investors funds.

The AltSignals product roadmap is outlined in the projects whitepaper, which will be revised as needed during development. This roadmap demonstrates the teams commitment to constant improvement and adaptation to ensure the platform remains at the forefront of the trading industry.

AltSignals has laid out a clear and ambitious roadmap that outlines the development and growth of the service. The projects landmark achievements include integrating ActualizeAI, which aims to expand signal precision for trading signals to 80% and above.

Additionally, the platform plans to enhance its AI models by exploring reinforcement learning and risk management, ensuring the system becomes increasingly accurate through trial and error testing.

As AltSignals progresses along its roadmap, investors can expect to see the project continually expanding its offerings and solidifying its position as a leader in the trading industry. This demonstrates the long-term vision and commitment of the AltSignals team, making it an even more appealing crypto investment opportunity for those looking to participate in the growing cryptocurrency market.

The AltSignals new cryptocurrency has proven itself as a promising crypto investment opportunity, raising $585k so far during its token presale. The platforms unique features make it stand out from other financial service providers.

The ASI token allows investors to participate in a project with solid fundamentals and immense growth potential while being part of a thriving community focused on decentralization and governance. As AltSignals continues to revolutionize the trading industry, early investors in this new cryptocurrency are positioned to benefit from its success.

With the combination of innovative tools, cutting-edge machine learning algorithms, and a strong roadmap for future development, AltSignals is poised to become an industry leader, providing traders and investors with the tools they need to succeed in the fast-paced world of cryptocurrency investing. Dont miss this opportunity to be part of the stage 1 presale phase of a project reshaping the future of trading and offering the potential for unparalleled returns for its supporters.

You can participate in the ASI presale here.

Originally posted here:

AltSignals New Cryptocurrency Presale Hits $585k. What Is the ASI ... - Analytics Insight

Wall Street was moderately upbeat last week with the S&P 500 (up 0.8%), the Dow Jones (up 1.2%), the Nasdaq Composite (up 0.3%) and the Russell 2000 (up 1.5%) gaining moderately. Cryptocurrency has topped the list of winners last week due to the bets over slower interest rate hikes by the Federal Reserve.

Bitcoin, the largest digital currency by market value, has gained about 2.6% in prices in the past five trading sessions (as of Apr 14, 2023). Bitcoin and other crypto tokens were trading with big gains last week as the moderate momentum continued.

Bitcoin marched toward the $31,000-mark as the largest crypto token was trading 2% higher. Its largest peer, Ethereum, too outdid with a big margin as it jumped more than 10% to hit the $2,1000-mark. Notably, data indicating cooling inflation released last week cut the bets over faster Fed rate hikes this year and boosted high-risk and high-growth investing areas like cryptocurrency.

Against this backdrop, below we highlight a few cryptocurrency ETFs that topped last week.

Vaneck Digital Assets Mining ETF (DAM) Up 35.8%

The undelying MVIS Global Digital Assets Mining Index tracks the performance of companies that are participating in the digital assets mining economy. The fund charges 50 bps in fees.

Valkyrie Bitcoin Miners ETF (WGMI) Up 33.4%

This ETF is active and does not track a benchmark. The Valkyrie Bitcoin Miners ETF is an actively-managed exchange-traded fund that will invest at least 80% of its net assets in securities of companies that derive at least 50% of their revenue or profits from bitcoin mining operations and from providing specialized chips, hardware and software or other services to companies engaged in bitcoin mining. The fund charges 75 bps in fees.

Vaneck Digital Transformation ETF (DAPP) Up 30.1%

The underlying MVIS Global Digital Assets Equity Index is a rules based, modified capitalization weighted, float adjusted index intended to give investors a means of tracking the overall performance of the global digital asset segment. The fund charges 50 bps in fees.

Bitwise Crypto Industry Innovators ETF (BITQ) Up 25.4%

The underlying Bitwise Crypto Innovators 30 Index measures the performance of companies involved in servicing the cryptocurrency markets, including crypto mining firms, crypto mining equipment suppliers, crypto financial services companies, or other financial institutions servicing primarily crypto-related clientele. The fund charges 85 bps in fees.

Global X Blockchain ETF (BKCH) Up 23.4%

The underlying Solactive Blockchain Index provides exposure to companies that are positioned to benefit from further advances in the field of blockchain technology. The fund charges 50 bps in fees.

Want key ETF info delivered straight to your inbox?

Zacks free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.

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Best-Performing ETF Area of Last Week: Cryptocurrency - Zacks Investment Research

Cryptocurrency markets never sleep, and neither does artificial intelligence (AI). Traders have started leveraging AI crypto trading to make better decisions and predict market trends, transforming the trading landscape.

But with great potential comes potential pitfalls. In this article, well explore how AI is shaping cryptocurrency trading, its benefits, drawbacks, and the implications of adding complexity to an already controversial industry.

As we examine the intricate relationship between AI and cryptocurrency trading, its essential to grasp the diverse ways this powerful technology influences the industry. From enhanced decision-making to continuous learning and adaptation, AI is reshaping how traders approach their strategies.

However, its crucial to recognize the potential drawbacks and challenges associated with incorporating AI into the trading process. To gain a comprehensive understanding of this evolving landscape, lets explore the pros and cons of AI in cryptocurrency trading.

AIs ability to analyze vast amounts of data at lightning speed is a game-changer for traders. Market data, trends, and news can be processed faster than any human could manage, allowing traders to make informed decisions and identify profitable trades.

For example, AI-driven platforms like TradeSanta provide automated trading strategies that leverage real-time data analysis to execute buy or sell orders more efficiently.

Moreover, AI can also identify correlations and patterns that might be overlooked by human traders. By analyzing historical data, AI systems can uncover hidden relationships between various market factors, enabling more accurate predictions and insights.

AIs machine-learning capabilities enable it to learn from market data and adjust AI crypto trading strategies accordingly. This iterative process could lead to better performance and more profitable trades over time. As AI models are exposed to new data, they adapt their predictions and decision-making processes.

Companies like Kryll.io offer AI-powered tools that generate and refine trading algorithms based on historical and real-time market data.

The use of deep-learning techniques, such as neural networks, allows AI systems to recognize complex patterns and make more accurate predictions. For instance, Numerai, a hedge fund, crowdsources encrypted trading algorithms from data scientists, using AI to combine these strategies for optimal performance.

Incorporating AI into trading strategies can help remove human bias and emotion, leading to more objective and data-driven decision-making.

With AI, traders can avoid being swayed by celebrity endorsements or unfounded opinions. AI systems like IBMs Watson can help traders analyze news, social media sentiment, and other data sources to make unbiased trading decisions.

In addition, AI-powered risk management tools can help traders assess and mitigate potential losses. By calculating the probability of different market scenarios, AI can assist traders in making more informed decisions on when to enter or exit trades.

AI trading strategies can be complex and difficult to understand. This opacity can make it challenging to identify potential issues, risks, or even to trust AIs decisions.

Traders need to grasp AI-platform intricacies for effective use. AI developers should focus on user-friendly interfaces and offer extensive educational resources for better user understanding.

Over-reliance on AI could lead to complacency, with traders potentially neglecting their oversight responsibilities. This lack of human intervention may result in unmonitored trades and unchecked risks. To mitigate this risk, its crucial for traders to maintain active involvement in their strategies and stay informed about market conditions.

Hybrid approaches that combine AI-driven insights with human expertise can help strike the right balance between automation and oversight.

AI, like any technology, is not perfect. Programming errors or unforeseen market events could lead to unexpected losses, highlighting the importance of human involvement in trading decisions.

For instance, the 2010 Flash Crash was partly the fault of algorithmic trading, demonstrating that even sophisticated AI systems can contribute to market instability under certain conditions.

To minimize such risks, developers should prioritize rigorous testing and validation of AI models, while traders should maintain a robust risk management strategy and be ready to intervene when necessary.

Cryptocurrency already faces high levels of fear, uncertainty, and doubt (FUD), as well as government regulation and interference. Introducing AI into the mix adds another layer of complexity to an industry that struggles with public perception.

To overcome this hurdle, the cryptocurrency industry needs to focus on educating the public about AIs role in trading and its potential benefits. Transparency and effective communication are key to mitigating potential concerns. Industry leaders and AI developers should collaborate on educational initiatives, workshops, and seminars to build public trust and understanding.

Moreover, the industry should promote success stories and case studies demonstrating how AI has benefited traders and improved market efficiency. By showcasing tangible examples, the public can better grasp the value of AI in cryptocurrency trading.

As AI becomes more prevalent in cryptocurrency trading, new regulatory and ethical challenges may arise. Ensuring that AI-driven trading practices adhere to existing regulations and do not contribute to market manipulation or other unethical behavior will be crucial.

Cooperation among AI developers, traders, and regulators will be necessary to establish guidelines that promote responsible AI use in cryptocurrency trading.

AI has the potential to revolutionize cryptocurrency trading, offering numerous benefits such as speed, continuous learning, and objective decision-making. However, it also introduces new risks, including complexity, over-reliance, and fallibility.

The key lies in striking a balance between leveraging AIs advantages and maintaining human oversight to minimize risks. By addressing the PR challenges head-on, fostering a better understanding of AIs role in trading, and considering regulatory and ethical implications, the cryptocurrency industry can continue to evolve and thrive in the age of artificial intelligence.

Following the Trust Project guidelines, this feature article presents opinions and perspectives from industry experts or individuals. BeInCrypto is dedicated to transparent reporting, but the views expressed in this article do not necessarily reflect those of BeInCrypto or its staff. Readers should verify information independently and consult with a professional before making decisions based on this content.

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This is the Future Outlook of AI Crypto Trading - BeInCrypto

Texas grid operator ERCOT has some tools to help prevent blackouts in times of peak demand. One such tool is an incentive program that calls on some large-scale customers to cut back on power usage when asked.

But a bill working its way through the Texas Legislature would limit cryptocurrency companies participation in certain incentive programs, as well as require those companies to register with ERCOT as something called a large flexible load.

Houston Chronicle energy reporter Kyra Buckley has been following the latest and spoke with Texas Standard about what the bill would do, and why some think its necessary. Listen to the story above or read the transcript below.

This transcript has been edited lightly for clarity:

Texas Standard: I want to understand how these ERCOT incentive programs work in general, before we get to the crypto companies.

Kyra Buckley: Basically, ERCOT has a handful of programs where they work with customers that use a lot of electricity. So normally youre thinking like big industrial users, manufacturers. But lately, thats also meant cryptocurrency mining. But what happens in these scenarios is that essentially these customers register with ERCOT and say hey, if there is a grid emergency on the horizon, we could shut down some of our power and they get compensated for that. And normally they get compensated at the wholesale price of electricity. And as we know here in Texas, when electricity is scarce on the grid, thats when the price goes up. So when these companies say hey, we will turn off our electricity as part of this program, theyre getting compensated a pretty good premium for doing that.

So thats how they work in general. Tell us more, though, about this Senate Bill 1751 and what it would do.

So Senate Bill 1751 would basically say that, of these ERCOT programs where companies can enroll and shut down their power, any of these programs, the amount of participants that are cryptocurrency miners would be capped at 10%. So any program wouldnt have more than 10% of cryptocurrency miners. And one of the reasons that the bill authors say that this was important is because cryptocurrency miners, they are very flexible with their energy use and they can essentially shut down really quickly. But a large industrial user might not be able to do that and might not be able to shut down for as long as a cryptocurrency mine can. So there was a little bit of, you know, to try and maybe make this more fair and then also to kind of make sure that cryptocurrency miners werent making up the bulk of participants in the program, that they kind of stayed at that smaller amount of 10%.

And just to be clear, I think a lot of listeners may know this by now, cryptocurrency mining uses a lot of energy. And I guess that sort of adds to the controversy surrounding crypto companies participation in incentive programs because, in essence, you can build a business model that relies on taking advantage of these incentives.

Absolutely. And one of the issues is that, as we know here in Texas, when we have a lot of people using power at once, it can stress out our grid. And it normally happens on a hot summer day when everybody turns on their air conditioner. One of the concerns is that, if youre a cryptocurrency mine using a lot of electricity, that you could essentially be one of the reasons that the grid is being pushed towards that max. And then you would be capitalizing on it as soon as you shut down your electricity. And as we know, thats just not a widespread program for a regular user. So I cant just say hey, ERCOT, Ill shut down my electricity for 2 hours and why dont you write me the wholesale price for it?

Okay, so what about the crypto industry? What are they saying in response to this? And does it appear likely that this bill will pass?

You know, they are not happy, which probably doesnt surprise folks. I will say, though, that the cryptocurrency mining industry has said that they agree with part of the legislation where they say, yes, we should be registering with ERCOT and letting them know that were one of these large electricity users and that we can shut down when needed. What they dont agree with is being capped at that 10% participation. Another part of the bill also would end property tax abatements for these companies. They opposed that, as well. They say hey, we can actually help stabilize the grid because we are flexible users of electricity.

Now, of course, some electricity experts would take issue with that statement, but that is what the industry is saying. They also say hey, we help create jobs in some rural areas. Now, I should note that a lot of those jobs do end up being temporary contract work to help set up some of these big operations. But that is the argument that the industry is making.

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This bill would limit cryptocurrecy companies' participation in ... - Texas Standard

Over the past 24 hours, Internet Computer's ICP/USD price rose 12.9% to $6.77. This continues its positive trend over the past week where it has experienced a 31.0% gain, moving from $5.16 to its current price. As it stands right now, the coin's all-time high is $700.65.

The chart below compares the price movement and volatility for Internet Computer over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

The trading volume for the coin has increased 159.0% over the past week. while the overall circulating supply of the coin has decreased 0.14% This puts its current circulating supply at an estimated 64.53% of its max supply, which is 469.21 million. The current market cap ranking for ICP is #36 at $2.04 billion.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Cryptocurrency Internet Computer Up More Than 12% In 24 hours - Benzinga