AltSignals’ token sale has already raised $723k or 67% of the initial target.
The success is mostly because of the artificial intelligence hype in the industry.
The artificial intelligence (AI) hype continued this week as more companies announced their plans about the industry. For example, Palantir stock price surged after the company announced strong earnings and demand for its AI products.
At the same time, IBM decided to relaunch Watson as an AI development studio. WatsonX will be a platform that will help companies launch their AI projects. IBM will offer the service as well as consultations on the same.
AltSignals token sale continues
Analysts believe that artificial intelligence is the most disruptive technology in modern era. Some analysts see it as the iPhone moment that disrupted the mobility industry forever. That’s because AI will disrupt specific industries like health, education, and even journalism. For example, doctors are now using AI models to diagnose diseases while journalists are using AI to write content.
The ongoing AI hype explains why the AltSignals token sale is going on so well. The developers have already raised $723k from investors from around the world. This means that the developers are approaching the 70% mark since the first phase seeks to raise $1 million.
An ASI token is going for just $0.015, making it highly affordable to most people. Like in other token sales, the developers are expected to hike the price in the next stage of the sale.
What is AltSignals?
For starters, AltSignals is a company that has been in existence for a while. It is a profitable company that provides trading signals for traders in the forex and cryptocurrency industry. These signals, which are highly accurate, are sent to thousands of traders every day. They are developed using technical indicators like moving averages and the Relative Strength Index.
As part of its growth, the developers have announced plans to leverage artificial intelligence in its process. This AI will leverage other technologies like natural language processing, machine learning, regression, and predictive modeling among others.
In addition to trading signals, the AI layer of the network will have more features including an AI members club, trading tournaments, and community governance among others.
According to its white paper, the second quarter will have several events in the ecosystem. The most important one will be the token launch and listing it on Uniswap and other exchanges. The developers will also expand the team, secure OTC partnerships, and introduce the sentiment analysis engine.
AltSignals (ASI) price prediction
It is hard to make a precise ASI price prediction since the token is yet to be launched in exchanges. However, judging by history, there are several reasons why the AltSignals price will rise after being listed. First, in most periods, tokens tend to rally after being listed in exchanges. This happens mostly because of the overall hype.
Second, AltSignals is in industry that is expected to grow rapidly in the coming years. We have seen this with the success of other AI tokens and companies that are betting on the industry. Further, AltSignal will likely rise ahead of the AI layer launch.
However, like other cryptocurrencies, ASI will always have its ups and downs. As such, it makes sense to only allocate funds you can easily afford to lose. You can buy the AltSignals ASI token here.
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