• AltSignals Token is nearing its goal and has raised over $1 million.

  • Bitcoin remains stable above $30,000 despite rising risks in the industry.

Bitcoin The price has stabilized above the $30,000 level amid the recent waning momentum. It is trading at the critical level of $30,230 on Tuesday, a few points below the year-to-date high of $31,413. Still, it is about 21% above its June low and 95% above its 2022 low. At the same time, the first stage alternative signal Token sale is running out.

Bitcoin is outperforming stocks

Despite ongoing regulatory risks, Bitcoin and many altcoins have outperformed U.S. stocks and other assets this year. The coin surged over 80% in 2023, reaching a market cap of over $587 billion.

Other financial assets are rising at a slower pace than cryptocurrencies. For example, the gold price has soared to all-time highs this year, but has risen less than 10% this year. U.S. indices such as the Nasdaq 100 and S&P 500 rose about 15% and 35%, respectively.

Considering the hell the crypto industry has been through in the last few months, Bitcoin has shown resilience and performed well. Last May, Terra and its ecosystem crashed, leading to the collapse of other companies such as Voyager Digital, Three Arrows and Celsius.

In November, the industry experienced the collapse of major exchange FTX, valued at over $30 billion.As we wrote, crypto investors lost over $8 billion after the collapse here.

And this year, the Securities and Exchange Commission (SEC) decided to sue Coinbase and Binance, two of the biggest names in the industry. The SEC has made several allegations, including allegations that both companies offer unregulated products to U.S. customers.

Bitcoin’s performance therefore reflects that the cryptocurrency is very resilient. In fact, Federal Reserve Chairman Jerome Powell believes Bitcoin has great staying power.

AltSignals Token Sale Continues

This resilience explains why several companies have successfully raised millions of dollars this year. Earlier this year, Metacade raised over $16 million from investors. Its developers are building gaming platforms to compete with the likes of Decentraland and Sandbox.

AltSignals has raised over $1 million in a hugely successful token sale.as you can see here, The developer has sold 95.23% of all available ASI tokens. They raised over $1,028,000 in the first phase of the sale. Each token costs $0.015, and the developer plans to raise the price by 25% in the next stage of the sale.

First, AltSignals is a company that hopes to use artificial intelligence to disrupt the financial services industry. Developers are looking to improve their services by incorporating AI into existing platforms that are already profitable.

After the first phase, the developer will start the second phase of the token sale. according to it, white paper, Developers will then begin work ahead of the launch of the new AI platform. We also plan to list the token on major centralized and decentralized exchanges.

By Jules

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