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Key takeaways
The cryptocurrency market has had a positive week so far, with the prices of most coins and tokens up by more than 1% over the last few days.
Bitcoin, the world’s number one cryptocurrency by market cap, has been up by more than 2% in the last 24 hours. At press time, the price of Bitcoin stands at $29,798 per coin.
With the market currently in a positive trend, AltSignals’ presale is also moving excellently. The team has broken another funding record, with more than 50% of the funding required in the stage two presale already generated.
What is AltSignals?
To invest in the project, you need to understand what the project represents and the problem they intend to fix within the Web3 ecosystem.
AltSignals is a Web3 project that targets traders, within the crypto space and beyond. The team wants to tackle some of the challenges traders face when trading cryptocurrencies and other financial assets.
In their whitepaper, the AltSignals team explained that they would develop a platform that generates trading signals for stocks, forex, indices, cryptocurrencies, and CFDs.
Technical analysis remains the biggest stumbling block for many aspiring traders. Knowing when to enter and exit trades is challenging for many.
AltSignals’ focus is to help traders in this aspect by leveraging blockchain technology and AI. The funds raised from presales will be channelled towards developing the AltSignals trading platform.
The platform will be powered by ASI, its native token. At the moment, ASI is currently going for 0.01875 per token and could increase ahead of the next presale event.
The AltSignals team also explained that they would use the funds generated from the funding rounds to develop ActualizeAI, the trading solution designed to make it easier for more people to enter the cryptocurrency trading scene.
ActualizeAI is an automated solution that handles technical analysis on behalf of traders.
Visit the official AltSignals website to learn more about their presale.
AltSignals’s stage two presale rakes in over $1.2M
The cryptocurrency market has had a positive week so far, with the Fear and Greed Index indicating that investors are becoming bullish about Bitcoin’s price.
With the market experiencing an improved performance this week, AltSignals’ presale event continues without a hitch.
The AltSignals team has raised more than $1.2 million in the stage two presale so far. Over 55% of the tokens allocated for the stage two presale have been sold. The project is still in its early days and could gain massive adoption among traders.
The broader crypto market has performed well since the start of the year, and that could serve as an incentive for more investors to enter the market.
Some investors might be looking to invest in new projects, and AltSignals could be one of the projects that investors might consider.
Should you purchase ASI tokens in the presale?
One of the best times to invest in a project is during the presale or private sales. The tokens are usually sold at a discount during that period, and early investors could go on to rake in thousands of percentages in ROI once the projects launch and gain the needed level of adoption.
It could be best to invest in AltSignals now that the project is in its presale stage. With Bitcoin’s price up by nearly 50% year-to-date, the broader crypto market could embark on a Bull Run soon.
If the Bull Run commences, ASI could become one of the biggest winners. AltSignals is an interesting project that could attract thousands of traders to the cryptocurrency market.
The development of ActualizeAI is crucial to the success of the project. If the development team deliver on their products, AltSignals could become a leading project in its niche.
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