Crypto investors are experiencing a very different market in these early months of 2023 compared to the peak of the bull market in 2021. Although there are signs of a market recovery from the bear market of 2022, prices have still way before approaching previous historical records.
The price of ADA, the native Cardano token, is a good example. With the token’s current price of $0.33, it is still around 90% below its peak of $3.01, reached in September 2021. This raises the question for crypto investors today whether the Cardano token is a wise investment. Or on the contrary, if they should lean towards new projects like ASI from AltSignals.
AltSignals ASI Token Launches During Market Recovery
The general improvement in crypto markets in the first months of 2023 was driven by bitcoin (BTC) returning above $20,000. This improvement has resulted in a doubling of the value of ADA since the beginning of the year. AltSignals, a market-leading trading signals provider, is among the crypto platforms showing an increase in trading interest since January.
AltSignals has been a trading signals provider since 2017, and has a growing community of 52,000 members. It recently launched its native ASI token, with the presale phase kicking off at $0.012. Indeed, it is looking to take advantage of newfound investor confidence and is making gains with its new ActualizeAI system.
This new AI capability, which includes machine learning algorithms that continuously scan the markets to provide the most up-to-date trading data, provides the ASI token with levels of utility rarely seen in a pre-sale token.
What is Cardano?
Cardano launched its decentralized public blockchain in 2017, and since then it has hosted several decentralized financial applications (dApps). The advanced, peer-reviewed research that was conducted to create Cardano was a response to some of the perceived limitations seen around the market-leading Ethereum blockchain.
This resulted in a more responsive blockchain, offering faster transaction speeds and lower transaction fees, which led to an evolution in the price of Cardano. Its Proof-of-Stake (PoS) consensus mechanism makes it significantly more energy efficient than Ethereum’s original Proof-of-Work protocol.
The future of Cardano (ADA) in 2023
Experts continue to adjust their predictions of which tokens will be successful in 2023 as the year progresses. If the markets continue to recover, the predictions for Cardano in 2023 are positive. While this is good news for existing token holders, this forecast leaves ADA more than a third off its all-time high.
What is AltSignals?
AltSignals has quickly become a market leader in the trading signals industry. This, by providing trading signals on daily trades in crypto, Forex, Binance Futures, CFDs, and traditional stock trading. Its reputation is built on nearly 500 positive reviews on Trustpilot with an average rating of 4.9/5.
To enhance this status, AltSignals are embracing the power of artificial intelligence (AI) to power their signals and cement their place as a leader in the crypto/AI revolution.
Its new capability ActualizeAI combines machine learning algorithms that use regressive pattern recognition to learn how the market works and take rule-based logic to create signals. As AI capability grows, predictive modeling will apply trends in historical data to refine its signals.
Other AI features include natural language processing (NLP). The latter accelerates the cycles of machine learning, and factor analysis, which learns to analyze the markets surrounding the various transactions in order to make accurate and effective forecasts. The last element of reinforcement will allow ActualizeAI to balance the risk/benefit ratio on different transactions.
What will be the use of the ASI token?
The ASI token provides crypto investors with many levels of utility and automatic access to the new ActualizeAI club. This opens up access to signals powered by ActualizeAI as well as early access to presale and private sale opportunities.
Additionally, token holders can stake their ASI tokens in exchange for access to trading tournaments, and regular raffles. Club members can also earn rewards by providing feedback on new features during the beta testing phase through the Innovate2Earn program.
Along with the utility levels built into the ASI token, it is also a governance token that gives its holders voting rights on decisions governing the future direction of the AltSignals platform.
What future for the ASI token in 2023?
The launch of ASI’s pre-sale event has already generated some interest in crypto media and investor Telegram groups. The presale will take place in 5 phases, and the price will increase to $0.02274. Once the presale is over, investors will be able to get their holdings.
ADA or UPS: which one to choose?
Based on its performance at the beginning of this year, Cardano’s price predictions seem to be able to deliver some interesting results by the end of 2023. However, the ASI token also offers some interesting potential rewards.
AltSignals’ focus on embracing the power of AI technology shows its desire to take UPS to new levels in 2023.
You can participate in the ASI presale here.
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