- 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.
The post AltSignals: Unravelling AI token future as Bitcoin and Nvidia correlation grows appeared first on CoinJournal.
