Crypto markets were stunned by the recent news that collapsed crypto exchange FTX could be partially relaunched. Court filings in the case against Sam Bankman-Fried have shown that US venture capital firm Tribe Capital could invest $250 million into FTX to help it relaunch.
As crypto investors take in this news, experts suggest that many may turn away from backing the FTX reboot in favor of more pioneering AI-enabled platforms such as AltSignals. The successful trading signals provider has recently launched its ASI token presale alongside the development of ActualizeAI, a new groundbreaking trading suite backed with cutting-edge machine learning technology.
Could FTX rise from the dead?
The collapse of FTX in November 2022 saw founder Sam Bankman-Fried face charges in the US of unprecedented levels of fraud. Billions were wiped from the value of cryptocurrencies across the board as Bankman-Fried initially fled to the Bahamas before being arrested and extradited to the US to face court charges.
Tribe Capital, led by co-founder Arjun Sethi, initially held meetings with FTX’s creditors’ committee in January 2023, and court filings now show that the venture capital firm is considering injecting $250 million into FTX for a potential relaunch. $100 million would come from Tribe Capital’s existing portfolio and partners’ funds, with the balance to be raised via a fundraising campaign.
Many expect John Ray III, the successor to Sam Bankman-Fried, to decide whether or not to restart the FTX crypto exchange in the coming weeks. While investors await the decision, many are turning to the innovative AI-powered AltSignals platform as a more secure investment prospect.
What is AltSignals?
AltSignals launched its online trading toolkit in 2017 and has established itself as a leader in providing high quality, highly accurate trading signals over the past five years. Its outputs have enabled traders of all expertise and abilities to make the most profitable trading decisions across various markets, including daily crypto trades, Binance Futures, forex, traditional stock markets, and CFD. To illustrate its success, traders in Binance Futures were able to 10x their portfolio holdings in 19 out of 32 months.
AltSignals’ impressive reputation is further illustrated by its 4.9/5 average rating on Trustpilot and an average signal accuracy rate of 64% from its market-leading AltAlgo™ trading indicator tool. This accuracy level has helped AltSignals establish itself as a standard bearer amongst the plethora of trading signals providers currently on the market.
Not one to rest on its laurels, AltSignals is seeking to take its trading signals further with the development of ActualizeAI, a brand new trading suite that harnesses the vast power of AI. Cutting-edge AI technologies, including machine learning, natural language processing (NLP), predictive modeling, and sentiment analysis, are set to turbocharge AltSignals’ outputs to exciting new levels.
How does ASI work?
The native ASI token is being launched in a presale event to support the development of ActualizeAI. This crucial step will elevate AltSignals’ outputs to even greater heights as it augments the highly accurate signals from AltAlgo™ with more frequent, accurate, and higher quality trading indicators. It is set to bring in a new era of trade signaling, as well as further generating demand from traders.
While the ASI token is a vital instrument in the development of ActualizeAI, ownership of the coin opens several exciting opportunities to traders and investors alike. Investors that pick up more than 50,000 tokens gain immediate lifetime access to ActualizeAI outputs, but even those with less amounts can still pick up access for a year.
In addition, all ASI coin holders secure the option of membership to the exclusive VIP AI Members Club, unlocking exceptional features and benefits. These include beta testing opportunities with crypto rewards available in return for providing feedback, exclusive early access to the most exciting new public and private presale opportunities, and full governance voting rights on the future of AltSignals’ AI-powered platform. This means the users hold the keys to unlocking AltSignals’ full undoubted potential.
How high can ASI go?
The ASI token presale launched to great fanfare and has shown strong performance so far in its presale, already raising an outstanding $112k in just 1 day. With plenty of excitement building over AI technology, such as machine learning, combined with blockchain projects, AltSignals is positioning itself as a pioneering project in the space.
The price of ASI is set to rise to an eventual $0.02274 by the end of the presale, at which point the coin will hit public exchanges. At this point, experts expect the coin to hit the ground running and generate fast gains as a greater audience latches onto adopting the platform’s AI capability. Analysts predict that with demand for the coin likely to surge, ASI could breach the $0.50 mark by the end of 2023.
Is ASI a good investment?
If FTX rises from the dead and re-establishes itself as a crypto exchange, it may find attracting new investment difficult, in no small part thanks to the collapse led by Sam Bankman-Fried in November 2022. Indeed, with the pace at which the blockchain industry continues to evolve, smart investors will likely instead seek exciting, innovative projects in order to maximize profitability.
AltSignals, with an already solid membership base behind it, certainly ticks the innovation box with the development of its exciting new ActualizeAI toolkit, powered by machine learning and several other cutting-edge AI technologies. Currently trading at $0.015 in stage 1 of its presale, there is massive potential for enormous growth in the coming months for early investors that get involved in ASI today.
You can participate in the ASI presale here.
Disclaimer: Insights provided by crypto industry players and is not a part of the editorial content of BanklessTimes.
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