The recent failure of the Silicon Valley Bank has rekindled traditional financial industry fears that a prolonged recession is imminent. On the one hand, rising retail prices require quantitative tightening measures, and on the other hand, rising interest rates are hurting financial institutions.
What does this uncertainty mean for the crypto market, including new projects like Bitcoin (BTC), Altcoins, and Altsignals (ASI)?
What does the collapse of Silicon Valley Bank mean for the crypto market?
Silicon Valley Bank, formerly the 16th largest commercial bank in the United States, collapsed rapidly after a classic bank crackdown left the institution unable to repay creditorsThis has led to fears of a collapse of the US banking system similar to that of 2008, which will have a major impact on the entire global financial market.
The cryptocurrency market is unlikely to be safe due to the widespread loss of trust in the financial system. However, Bitcoin has posted a daily high rise following the collapse of Silicon Valley Bank.
BTC’s 45% price rise largely reflects the rapid rise in the price of gold, suggesting that large institutions are treating top cryptocurrencies as a hedge against financial collapse. However, altcoins in the crypto market have not responded with the same relative strength, and further problems could arise in the coming weeks.
Whether the cryptocurrency market will continue to follow Bitcoin’s price pattern remains to be seen. Despite recent Silicon Valley Bank news, the cryptocurrency market continues to push towards local highs, and new platforms such as AltSignals appear poised to capitalize on the move.
ASI Presale Continues to Attract Investments Amid Uncertain Crypto Market Conditions
The AltSignals Crypto Presale is a highly anticipated event as the project has supported over 50,000 users with profitable trading signals since it was first launched in 2017. alternative signal is currently expanding its blockchain offering to include an AI-powered trading toolkit called ActualizeAI.
ASI presale attracted $112k Around the same time that Silicon Valley Bank collapsedThis could be a sign of uncharacteristic strength compared to other altcoins in the crypto market.
What is Alt Signal?
alternative signal is an online trading group that uses algorithmic tools to deliver signals with unmatched accuracy. AltAlgo™, a proprietary indicator released by the platform, consistently shows profitable crypto market trades with over 70% of his accuracy, matching his 10x calls in portfolios in 19 months I’ve been helping traders.
A new AI-powered trading stack currently under development by AltSignals is designed to optimize the frequency and accuracy of trading signals shared within the group. Utilization of ActualizeAI Natural Language Processing (NLP) and Predictive Modeling Introduce machine learning capabilities into your project’s algorithmic metrics.
AltSignals’ new token, ASI, powers new blockchain services available on the platform and provides direct access to ActualizeAI. The main purpose of the AltSignals project is to enable traders of all skill levels to navigate the volatility of the crypto markets while still making substantial profits over the long term.
How does ASI work?
The primary use of ASI tokens is to fund development and provide access to ActualizeAI. Token holders will be able to stake her ASI on her AltSignals platform without a specific lockup period and gain voting rights on future governance proposals from the project.
Holding an ASI token also provides access to the AI Members Club, which includes a variety of additional services for the AltSignals community. Members can also participate in trading tournaments on the new platform. There is a sizeable prize pool available for the winners.
The AI Members Club also provides lucrative investment opportunities for early-stage crypto projects. Presales and private sales are often some of the most valuable investments. Web3and AI Members Club users have direct access to some of the hottest opportunities in the field.
Can ASI Reach $0.50 in 2023?
The ASI token has been spotted as one of the most exciting new releases in the crypto market. The token already has 50,000 previous users backing new developments and represents a successful and proven project ready to grow.
The presale will gradually increase the ASI cost from $0.012 to $0.02274. Once the pre-sale is complete, ASI will be launched on digital asset exchanges and subject to free market movements. Widespread utility of native tokens and deflationary tokennomics, experts predict significant gains over coming months and years.
ASI’s 2023 price forecast highlights $0.50 as a key resistance level. That’s more than 20x from the end of the presale. This is a testament to the project’s unique utility and product market suitability.
Given the failure of Silicon Valley Bank, is ASI still worth buying?
At its current price of $0.015, ASI looks like a worthy addition to any investment portfolio. Until the IDO valuation hits $0.02274, the cost will likely remain very low, so a presale could be a great time to get involved.
AltSignals is a rapidly developing blockchain protocol that will soon be powered by artificial intelligence. The new ASI token offers many advantages within the ecosystem and its built-in utility could appeal to a sizeable number of blockchain users over time. AltSignals remains a strong investment option in the long term, whether or not Silicon Valley Bank provokes a short-term reaction across global markets.
you can Participation $ASI crypto presale here.