Bitcoin has had a solid start to 2023, but the rest of the crypto market has found it challenging to keep up with the world’s first and most popular crypto asset. While the ApeCoin price prediction has seen success in the past due to its connection with the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) project, the spotlight may be on AltSignals’ new ASI token in 2023 due to the amount of volatility that could hit the crypto market this year.
Explaining the hype around the ASI Presale
Many crypto traders are laser-focused on the ongoing ASI presale for AltSignals because this new, native token for the platform is intended to fund advanced artificial intelligence (AI) capabilities. AltSignals users who have ASI tokens will gain exclusive access to ActualizeAI, which is the platform’s new algorithm based on natural language processing (NLP) and sentiment analysis for finding sound trading signals to send to subscribers.
Many crypto traders are already using AltSignals in its current form. Still, the ability to access ActualizeAI through the use of ASI tokens should lead to increased trading accuracy and more relevant real-time analysis of potentially profitable trades for an ApeCoin price prediction based on ApeCoin news, for example, and can do this for any other crypto asset.
ASI will be the native utility token of AltSignals, so it’s intended to grow in value as more users come to the platform and purchase advanced features. In addition to ActualizeAI, ASI token holders will gain permission to join the AI Members Club and participate in the eventual decentralized autonomous organization (DAO) governance of AltSignals. In general, community members will gain greater access to more features when they hold a higher number of ASI tokens.
What is AltSignals used for?
AltSignals is a service that provides trading tips and signals to its subscribers. According to AltSignals, these trading signals have a historical accuracy rate of 64%, and the intention behind the development of AI-based improvements is to drive that success rate even further up to 80%.
AltSignals is by no means a new service, as it has been around since 2017. It already has more than 50,000 subscribers, and its 4.9/5 rating on Trustpilot indicates these subscribers are more than happy with the service they’ve received regarding ApeCoin news and the tracking of other crypto assets up to this point. In addition to crypto, AltSignals also offers trading signals in traditional stocks, CFDs, and Forex.
How does AltSignals create trading tips?
Currently, the primary tool used by AltSignals to create crypto trading tips is the AltAlgo™ indicator. This is mainly a tool for automated technical analysis, and it keeps a close eye on the crypto and Forex markets to find opportunities to send signals out to traders. However, this tool is primitive compared to what AltSignals plans to bring to the table with ActualizeAI.
With ActualizeAI, AltSignals plans to increase both the volume and accuracy of the signals and tips they send out to their subscribers. The critical aspects of AI involved in the backend of this new feature include reinforcement learning, natural language processing, sentiment analysis, predictive modeling, and machine learning. In the future, these tools could, for example, help to create a much more precise prediction of the ApeCoin price.
AltSignals has already sent out more than 1,500 trading signals in the past, so its subscribers are incredibly excited about what will be possible once ActualizeAI is integrated into the service. In addition to these advanced tools for predicting future price movements in the markets, AltSignals also has a strong community built around it, where traders of all levels of experience share various tips and tricks.
Can ASI outperform the rest of the crypto market in 2023?
ASI is in a unique position to outperform much of the rest of the crypto market due to a few different factors. For one, this project is still in the early stages of development, as the ASI token presale is still ongoing. This means it has a much lower starting point than many of the more established crypto projects in the market. Additionally, the listing of ASI on decentralized exchanges should have an almost certain impact once the presale is over.
ASI is also a bit of a rarity in the crypto market due to its underlying use case. The core selling point behind ASI is that it can be used on AltSignals to gain access to better data to use for making trades, so any sort of volatility in crypto and other markets should lead to greater demand for ASI. With Bitcoin’s strong start in 2023, ASI could stand to benefit from another upcoming crypto bubble.
What are the prospects for ApeCoin in 2023?
The prospects of the ApeCoin price prediction can be a bit more challenging to predict, as its value proposition relies upon a single project operating in a particular niche of the crypto industry. If NFTs do not prove to be as popular as they were during the last crypto bull market, then ApeCoin would likely be outperformed by other crypto assets. Additionally, it’s important to remember that this token is only associated with one brand of NFTs.
For these reasons, it seems clear that ASI might be safer than an ApeCoin price prediction this year. Instead of tracking the latest ApeCoin news, it may well make more sense to get involved with the ASI presale.
