AltSignals: Unravelling AI token future as Bitcoin and Nvidia correlation grows

AltSignals has attracted investors with its AI application and earnings opportunities.
A strong correlation between Bitcoin and NVIDIA has highlighted the influence of AI on crypto.
$ASI token has 50x and more potential as the future of AI trading unravels.
As Bitcoin (BTC) hit a record above $73,000, analysts have been keen on its relationship with AI stock Nvidia. This is after both assets hit record highs, helped by their respective fundamentals and sector optimism. This happens amid a robust correction that is now the strongest in over a year. Meanwhile, AltSignals, an AI token, has been making strides, riding the rapidly growing crypto and AI sector. Listings at Uniswap and CoinGecko have cemented the token’s future as BTC and Nvidia’s correlation unfolds.

Bitcoin’s correlation with Nvidia grows to the strongest
The correlation between Bitcoin and Nvidia has been of interest as long as the two asset prices move in tandem. Both assets have cooled off slightly after hitting their respective all-time highs. What has been remarkable is that the 90-day and 52-week correlation between the two assets has crossed 0.80.

The strong correlation suggests that Bitcoin and Nvidia move in a similar fashion. Conversely, while Bitcoin price is up more than 60% YTD, Nvidia has gained over 78%. A surging interest in AI has been responsible for the gains in Nvidia stock.

Nonetheless, the twist of events, BTC and NVDA correlation, has brought about the “AI narrative” in crypto. This has seen many AI-linked cryptocurrencies surge in value, boosting the entire sector’s market cap. Cryptocurrencies that saw significant pumps included WorldCoin (WLD), Render (RNDR) and Fetch. Ai (FET). These gains started after Nvidia issued its Q4 results and guidance, which excited the markets.

As the excitement builds, AltSignals has been keenly watched by investors looking for opportunities in AI. Attention now turns to how AltSignals navigates its core mission in 2024 amid growing optimism.

AltSignals: An AI token revolutionising the trading world
AltSignals has gained popularity owing to being a key pillar in the trading world. Unlike its AI predecessors, this token powers a community of traders.

Launched in 2017, AltSignals has been offering quality trading signals with more than 64% success rates. This has seen the platform amass a huge following, boasting over 50,000 members on Telegram. AltSignals covers various financial instruments such as stocks, forex, CFDs, and cryptocurrencies. The signal service has seen huge success in trading assets such as Binance Futures and Binance Spot assets.

In anticipation of the future of AI trading, AltSignals launched an AI-enabled trading service, ActualizeAI. The signal service will be powered by the cryptocurrency, $ASI. The team has fast-tracked the development of the AI platform since its highly-subscribed presale. With AI, AltSignals expects to increase the quality of its signals, increasing the profitability for its members.

AltSignals has remained steadfast as expectations build. Big launches in 2024 cement the token’s future amid the AI frenzy. Expected this year include an NFT marketplace and new partnerships to foster growth. Ultimately, the actualisation of the AI project will fuel the demand for $ASI and its price.

Is AltSignals a good investment?
AltSignals is an investment opportunity that gives token holders access to quality trading signals. This allows investors to earn by participating in the global financial market and learning from the experts.

Besides, regular investment products have generated a frenzy within the AltSignals community. For example, its staking program saw more than 28.9 million tokens grabbed from 30 million tokens offered. Investors were attracted to up to 25% returns for staking the token for just three months. Consequently, FOMO has been building from the platform’s passive income opportunities.

$ASI investors are also attracted to the token’s potential, with analysts believing in its AI mission. As the popularity of AI grows, $ASI will increase in value, generating returns to its backers. Consequently, the token has been earmarked with a potential 50x gain.

AltSignals (ASI) outlook amid expert’s “huge” Bitcoin (BTC) prediction

AltSignals (ASI) recently listed on crypto DEX platform Uniswap.
Analysts have shared major predictions for Bitcoin (BTC) as price hovers near $51k.
As Bitcoin bulls struggle to hold prices above $51k, a crypto analyst has shared a potential bearish flip that could see BTC price trade to $48k. Here’s the price outlook for AltSignals.

BTC price to $48k? Analyst points to on-chain metric
Bitcoin price rose to above $53k on February 20, hitting the highest level since December 2021. While the bellwether cryptocurrency’s market cap remains above the $1 trillion mark hit this month, prices have revisited the $50.6k level on multiple occasions.

A crypto analyst has shared a Bitcoin price prediction suggesting BTC could dip to lows of $48k. On-chain and data analytics platform CryptoQuant shared the analyst’s view on X on Monday.

Per the prediction, the 30-day moving average of Bitcoin’s short term Holder SORP metric shows it’s near the selling zone for short-term investors. The technical chart also shows BTC trading below the resistance, with a breakdown likely to push prices to the $48k area.

On the other hand, crypto analyst Ali says Bitcoin could retest the $53k level and target $60.5k amid its megaphone pattern formed on the daily chart.

What could this mean for the altcoin market, for AltSignals price? Largely, declines for Bitcoin have seen the broader market react lower.

Likewise, a mega rally has often injected new upside momentum in altcoins, likely to be led by ETH as spot Ethereum ETF excitement builds up. A recent report showed 84% of crypto investors see Bitcoin hitting a new all-time high in 2024.

AltSignals: Trading signals enhanced by AI
AltSignals has consistently returned win rates averaging 64%. Traders have benefitted from thousands of signals across stocks, crypto and forex among other markets.

With business on the upside since its debut in 2017, this trading signals platform is now getting ready for the next chapter of growth. It seeks to capitalize on the Artificial Intelligence (AI) boom by integrating a new AI stack dubbed ActualizeAI.

The platform aims to increase its algorithm’s average win rate from 64% to over 80%.

Elsewhere, the AltSignals roadmap includes the licensing of ActualizeAI and launch of Actualize Pass NFT marketplace. There are also plans to partner with other platforms to enhance adoption.

The native token is ASI, which offers holders access to the AI ecosystem.

AltSignals price prediction: Will ASI token explode 2024?
The ASI token recently listed on the decentralized exchange (DEX) platform Uniswap, having successfully navigated its presale that closed in December last year.

As the AI narrative strengthens and crypto markets expand, AltSignals (ASI) looks primed to be one of the top investing opportunities in the market. In the short term, a dip across the market may see ASI token struggle too.

If the market rallies as anticipated amid Bitcoin’s halving and other tailwinds, the value of ASI could rise significantly. The potential for the AltSignals’ price to 100x is there given the likely demand for ActualizeAI.
https://token.altsignals.io/

In a recent online exchange, #CharlesHoskinson, the founder of #Cardano (#ADA), expressed skepticism regarding the potential of #Bitcoin’s Layer 2 (#L2) solutions, especially when compared to the ecosystems of #Ethereum & Cardano.

[English below]
âš¡GIÁ BITCOIN ĐỘT NGỘT GIẢM MẠNH TRONG NGÀY 07/4
Sau khi vượt mốc 47.000 USD vào thứ hai vừa qua, giá trị của đồng Bitcoin Ä‘ã giảm so vá»›i 2 ngày qua và hiện được định giá gần 43.000 USD vào ngày 07/4. Giá trị Bitcoin Ä‘ã bốc hÆ¡i 10% so vá»›i mốc đỉnh hÆ¡n 48.000 USD vào cuối tháng 3 vừa qua.

Đồng tiền Ä‘iện tá»­ hàng đầu thị trường Ä‘ã giảm khoảng 5% trong 24 giờ qua và giảm gần 9% so vá»›i tuần trÆ°á»›c. Đồng thời, các đồng tiền Ä‘iện tá»­ nổi bật khác cÅ©ng giảm mạnh:
????Ethereum cÅ©ng Ä‘ã giảm hÆ¡n 5% trong 24 giờ qua và giảm 7% trong tuần qua.
????Solana, cardano và avalanche cÅ©ng Ä‘ã giảm từ 8 đến 10% trong ngày qua.
????Dogecoin giảm hơn 12%, trong khi đồng Shiba Inu giảm khoảng 8% trong 24 giờ qua.

????Tổng thị trường tiền Ä‘iện tá»­ Ä‘ã giảm hÆ¡n 5% trong 24 giờ qua và được định giá ở mức 1,98 nghìn tá»· USD.
______
âš¡BITCOIN PRICE SUDDENLY PLUMMETED ON APRIL 7
After rising above the 47,000 USD mark on Monday, Bitcoin’s value has tumbled over the last 2 days and is currently valued at close to 43,000 USD on April 7. Bitcoin value has evaporated 10% from the peak of more than 48,000 USD at the end of March, 2022.

The leading cryptocurrency has dropped in value by about 5% in the last 24 hours and by nearly 9% in the last week. At the same time, other prominent cryptocurrencies also plummeted:
????Ethereum has also dropped in value by over 5% in the last 24 hours and by 7% in the last week.
????Solana, Cardano and Avalanche have also tumbled, dropping by 8 to 10% in the last day.
????Dogecoin has dropped in value by over 12%, while its spinoff Shiba Inu has tumbled by about 8% in the last 24 hours.

????The overall crypto market is down by over 5% in the last day and is valued at 1.98 trillion USD.

Visiting both the charts of BTC and HIVE reminds me of three articles I wrote. I published the first one in June of last year. I told there that I refused to join the choir of pessimistic outlooks about the trends in crypto simply because the chart tells me otherwise.
And then on 16 November last year, I based my analysis on BTC’s 78.6% Fibonacci Retracement and argued that instead of following the advice of one influencer to leave cryptocurrency for fear of deeper downside, we were actually witnessing Bitcoin’s floor price.
Of course, at that time, I was not confident with the result of my analysis. But seeing what actually happened since then, somehow I feel happy to see that though technical analysis is a game of probability, it provides a certain degree of direction when it comes to market trends.
I wrote the third and last article on the 20th of March this year. I argued in that article that simply basing our conclusion on reading the chart, one can say that though the bulls remain cautious and silent, they are already here.
This time, simply revisiting the BTC’s chart, you can observe that after a short rally that started in November of last year, the price of Bitcoin consolidated for almost a month between the second week of March and last week. After taking a brief rest and profit-taking, the bulls seem to regain again the upper hand and are now ready for another run.
Providing the background of the current uptrend, allow me to quote what I wrote in my June 2022 article:

. . . considering the length of time, the five waves that started in 2017 are classified as Intermediate and that peak price in November last year is considered the Primary Wave 1. What followed next is Primary Wave 2, a retracement wave composed of three Intermediate waves (A to C).

In my analysis, the last Intermediate Wave, which is Wave C, to complete Primary Wave 2 is a retracement of the Wave 1 rally that started in 2017. And this corrected wave is already done last November. In my wild guess, what we are about to witness in the coming months and years is the formation of Primary Wave 3. In my books, Wave 3 is a wonder to behold for this is the strongest motive wave in Elliot Wave Theory. If the first wave lasts for more or less four to five years, this uptrend will be longer than that.
[Photo Credit](https://www.investagrams.com/Chart/)
As you can see in the chart above, the resistance in the 27,000 area has already been broken. What we are witnessing now is a formation of small waves within the larger wave, or in the language of EWT, the formation of Intermediate Waves within the Primary Wave.
Moreover, even the moving averages that indicate both short-term and long-term trends indicate a bullish sentiment. 20 MA is about to cross both 50 MA and 200 MA. Only 100 MA remains above the market price of Bitcoin.
What is the implication of this for HIVE?
If it is really true that Bitcoin dictates the overall movement in cryptocurrency, such price action should be considered positive for the space particularly those blockchain networks and crypto projects that focus on development and usefulness.
Looking at HIVE’s chart, though the price action of the token seems different from BTC, I see that the moving averages tell us a different story.
[Photo Credit](https://www.investagrams.com/Chart/)
If you will just carefully observe the four moving averages, you can see that the 100 MA has just crossed the 200 MA around the 11th of April whereas the 20 MA crossed the 50 MA two days after. In my reading, the first one indicates a change in long-term trends while the second shows a change in direction in short-term trends.
Grace and peace!
What is Hive?
What is LeoFinance?

[Photo Credit](https://www.pexels.com/photo/close-up-shot-of-a-bitcoin-6765371/)
Milan Stanojevic published this article to answer the question below:

How does the current state of geopolitics and macroeconomics shape the future of a hyperbitcoinized world?

In responding to the above question, Stanojevic sees the current shift in the financial system happening among BRICS nations as preparatory to the hyperbicoinization of the world. Elaborating on his reply, he made a bold prediction that he thinks will take place in the next 20 to 30 years. To reach his vision of a hyperbitcoinized world, he foresees the global economy to undergo three stages.
The first stage is a transition “from a unipolar financial world into a multipolar one.” This is something familiar that many analysts voiced out similar interpretations. In this phase, Stanojevic thinks that gold will play a significant role. The BRICS nations will consider the yellow metal at the center of the financial system as the only way out of the global economic crisis we are experiencing right now due to US dollar hegemony. Searching for a solution, in the eyes of Stanojevic, “it appears that the BRICS nations are working toward returning to a gold standard.” Again, this interpretation is widespread, particularly among gold bugs. I read several books and articles that advocate this kind of return to sound money, especially from the Austrian School of Economics.
In Stanojevic’s mind, the first stage will take no longer than 20 years. If we will start the count this year, that would mean such a transition will take effect until 2043. If still alive, I will be 76 and too old by that time.
Stage two is where nations will shift to Bitcoin and will utilize it as a medium of exchange and a unit of account. Due to the outcome of the decision of BRICS nations to return to the gold standard, during this stage, these nations will be isolated from the rest of the world. They will continue to conduct international trade but limited among their allies. Consequently, they “will ultimately weaken their economies.” On the other hand, during this phase, nations and individuals that invested in Bitcoin for years, “will become insanely wealthy.” Stanojevic expects the second stage to last for 10 years.
The last stage is the hyperbitcoinization of the world. At this stage, contrary to the decision of the BRICS nations, most countries will adopt the Bitcoin standard. It is during this stage that increased wealth and standard of living among nations that adopted Bitcoin will become noticeable. Stanojevic believes that at that time, “El Salvador will have become one of the richest countries on earth” while nations that adopt the gold standard will suffer due to isolation. Again, in Stanojevic’s mind, this forecast requires over 5 to 10 years to happen.
Though Stanojevic acknowledges that most of his predictions might be incorrect, he is certain about two things: that the existing system is broken and is reflected in the current banking crisis, and the need for an alternative monetary system, which to his mind can only be found if the world will adopt the Bitcoin standard.
In closing, after reading the article, I have a few questions in mind. In traditional finance, scarcity is one of the basic properties of money as a medium of exchange. Many see this property as Bitcoin’s strength. Others see it more as an obstacle. This question bothers me. Given Bitcoin’s scarcity, can it be utilized as a medium of exchange and a replacement for the existing system? One cryptocurrency whitepaper even claims “that 87% of all Bitcoins are now owned by 1% of their network.” If such Bitcoin concentration in few hands is true, then the majority of populations in the world will have no access to this “medium of exchange”. If this will be the case, in what way such mainstream adoption as envisioned by our writer will take place? Perhaps, rather than Bitcoin, we need another digital currency that anyone in the world can access. Could that be HIVE?
Grace and peace!
What is Hive?
What is LeoFinance?

Bitcoin’s price was gravely impacted by the failure of FTX.
On-chain metrics suggested a shift in HODLer’s behavior.
The sudden collapse of Sam Bankman-Fried’s crypto empire left the general cryptocurrency dealing with significant losses. The effects of the events between 6 -14 November 2022 could be compared to the collapse of Mt Gox in 2012