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AI tokens are soaring: AltSignals may be the next big thing

Monday, March 04, 2024 11:31 AM | Invezz via QuoteMedia

AI tokens are soaring: AltSignals may be the next big thing

2024-03-04 11:31:46 ET

AltSignals gears up for token burn

AI assets continued soaring this week in a sign that there is elevated demand for this new technology. In the stock market, stocks like Super Micro Computer (SMCI) surged by over 23% while Nvidia rose by over 4%. Similarly, in the crypto industry, assets like SingularityNET (AGIX), Fetch AI, and AltSignals have continued rebounding.

Demand for AI assets is rising

The AI industry is seeing strong demand this year. A good example of this is the performance of popular stocks like Nvidia and SMCI. Nvidia’s market cap has jumped to over $2.2 trillion while SMCI is now valued at over $60 billion.

This is happening as the biggest players in the industry continue innovating. Google is now working on its Gemini project after it went through major challenges in its image processing. The huge PR issue saw the platform provide woke images such as a Black George Washington.

Meanwhile, Anthropic, a company backed by FTX, has made one of its biggest upgrades on record. Claude 3 introduced more features, which has seen it outperform other rival platforms like GPT-4 and Gemini from Google.

Most analysts believe that the AI industry will continue doing well in the long term. Besides, the sector is set to change how the world operates and how solutions are solved. For example, students are now using these AI models to learn about most subjects.

Other industries like manufacturing, automobile, and logistics are using AI to simplify their operations.

Still, there are concerns that we may be in an AI bubble, with stocks like Nvidia and SMCI being highly overvalued.

We have seen these bubbles in the past decades. For example, there are signs that the EV bubble has now burst , with most stocks being down by double-digits from their all-time high. Similarly, the clean energy bubble has burst as most stocks have plunged.

AltSignals is disrupting the trading industry

Meanwhile, AltSignals is now disrupting the trading industry by making it easy for people to receive trading signals.

For starters, AltSignals is a company that has been around for a few years. In this period, the company has relied on traditional analysis methods such as using technical analysis.

Now, the developers are working to incorporate AI into their operations. The upcoming version of ActualizeAI will have some of the top advanced features like predictive modelling, machine learning, natural language processing (NLP), and regression to boost its outcome.

The new version will be powered by the $ASI token, which has already started trading in Uniswap . It will now be listed in other exchanges in the coming months.

ASI holders will have several benefits such as discounts when making purchases and the ability to take part in its governance. They will also share in the network’s profits over time.

Therefore, while it is too early to tell, there is a likelihood that the ASI token will continue rising in line with the strong performance of AI tokens.

The post AI tokens are soaring: AltSignals may be the next big thing appeared first on Invezz

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