Nvidia fuels $300B AI stocks rally, boosts AltSignals (ASI)
- Nvidia’s strong performance and forecast could boost further investment in AI projects.
- AltSignals presale is set to hit a key milestone as investors look to scoop ASI tokens early.
- The AltSignals artificial intelligence (AI) layer ActualizeAI will go live later in the quarter.
AltSignals is on the verge of a new milestone as the platform has raised over $814,000 of the targeted $1,080,000 in the current stage of its presale.
The presale has been on for just a few weeks. However, interest in the soon-to-be launched Artificial Intelligence-powered trading algorithm is rising and the token sale looks to have received a major boost via this week’s strong bet on the future of AI by Nvidia, the leading maker of AI chips.
With 75% of the AltiSignals presale done, the rally in AI-related stocks and cryptocurrencies could trigger even greater demand for the ASI token as investors look to position themselves for what could be a global rally in the artificial intelligence space.
Nvidia’s AI bet and what it means for AI tokens
The stock price of Nvidia soared on Wednesday to reach its highest ever level and put the company on the cusp of $1 trillion market cap. It happened after Nvidia released a forecast for its earnings in the three months to the end of July and provided a huge guidance on revenue based on the performance of its artificial intelligence business.
NVDA surged nearly 30% to trade at $391.50 as its market cap increased by almost $200 billion to hit $960 billion. The rally cascaded into related stocks, with the upbeat market triggering nearly $300 billion in market cap gains.
Market analysts say Nvidia’s “blow-out guidance” underscores the bullish outlook that continues to unfold around the market. Investors buoyed by the chipmaker’s forecast might want to diversify into other projects with great potential. In stocks, it could be the likes of Palantir, AMD, TSMC to name a few.
Can crypto tokens championing the AI revolution see similar gains?
As previously highlighted, the industry is making huge strides in the integration of AI and blockchain and a few projects are already seeing success.
While AI-related tokens didn’t witness such exuberance, projects such as Render Token (RNDR) and SingularityNET (AGIX) held onto recent gains to suggest the strong bet on the sector’s future could aid new demand. According to data from CoinGecko, the AI segment in crypto currently has a market capitalization of $2.7 billion, suggesting potential for growth.
The AltSignals (ASI) token, a trading platform with a working product, could be positioned for such growth when its AI platform ActualizeAI goes live later in the quarter.
What is AltSignals?
AltSignals is a trading signals platform that launched its services in 2017. Over the last few years, it has grown its user community to over 50,000 as its popularity grew. Its trading algorithm helps traders access signals for a range of markets, including cryptocurrencies, stocks, and forex.
The team at AltSignals are now looking to take the success of its AltAlgo trading system to the next level via artificial intelligence. Tapping into the technology and integrating the benefits of blockchain promises to offer users access to an even greater suite of signals, higher accuracy and profitable trades. You can learn more about this project by visiting its website.
ActualizeAI- an AI solution to revolutionise the trading industry?
AltSignals is launching its AI revolution for the trading industry via its ActualizeAI platform. The team hopes the advantages AI could have over the current system, including the capacity to integrate predictive modelling, regression and AutoML (machine learning) will help users access the best of its trading opportunities.
The AI layer will be powered by a cryptocurrency token dubbed ASI. Currently in presale, ASI will give holders unlimited access to ActualizeAI features. Holders will also be able to participate in the ecosystem, be it via governance rights or in tournaments for rewards. ASI will also be tradable on secondary exchanges and be used in staking.
Should you invest in the ASI token?
The AltSignals whitepaper outlines a roadmap for ActualizeAI and the native ASI token. Among the first milestones for the project is the ASI presale and subsequent launch on leading crypto exchanges. In this case, the presale offers investors a chance to buy the token early and at what could be discount prices.
Historically, the value of tokens have exploded after listing on major exchanges and ASI could see a similar trend.
Also, getting in early could be an opportunity to back an already successful business that’s entering a new phase of development that has received massive interest both in traditional markets as well as cryptocurrency.
What’s the price of ASI today?
ASI price is $0.015 at the current presale stage, having increased from $0.012. The next stage will see the token’s value rise by 20% and then 12.5% before the final stage sees the value reach $0.02274.
In the presale, AltSignals hopes to raise $5,480,600 from investors. The presale will see interested investors access 290 million ASI tokens, which would be 58% of the total supply of 500 million.