Key takeaways
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Bitcoin remains above $30,000 as more investors hold onto their crypto assets
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AltSignals’ second presale stage is over 50% sold, raising more than $1.1 million so far
The cryptocurrency market has been largely rangebound over the past two weeks, with most coins and tokens trading within defined price bands.
Bitcoin, the world’s largest cryptocurrency by market capitalization, has held around the $30,000 level for several weeks.
Inflation data comes in lower than expected
Rising inflation reports in the United States and elsewhere prompted the Federal Reserve to raise interest rates in recent months.
However, the Fed paused rate hikes last month, and investors are increasingly optimistic that the U.S. central bank may begin cutting rates later this month.
U.S. consumer price index data for June showed a 0.2% monthly increase, below many analysts’ expectations. With inflation easing, the Fed could move to lower rates in the near term.
If rate cuts occur, the cryptocurrency market could see positive momentum. At the time of publication, the Bitcoin price was $30,566, up slightly—less than 1%—over the past 24 hours.
On-chain data from Glassnode revealed that the number of wallets holding at least one BTC reached a record 1,008,737 wallets.
As more people accumulate Bitcoin, investment interest in other cryptocurrencies could follow. Some investors may look to enter new projects seeking higher returns.
One project attracting attention is AltSignals, which remains in presale and has already raised more than $1 million during its second presale round.
What is AltSignals?
Before investing in AltSignals, it helps to understand the project and the problem the developers aim to solve.
AltSignals is a trading-focused platform designed to provide trade signals across stocks, forex, indices, cryptocurrencies and CFDs.
Although AltSignals is still in presale, the team has raised over $1 million and plans to use the funds to develop the platform.
The second presale stage has so far raised over $1 million, with a target of approximately $2 million for this round.
ASI, the native token of the AltSignals ecosystem, is currently priced at 0.01875 USDT during the presale. The token’s price could appreciate once the project launches and ASI lists on cryptocurrency exchanges.
According to AltSignals’ whitepaper, funds will be used to develop ActualizeAI, a solution intended to simplify access to crypto trading for a broader audience.
ActualizeAI is planned as a fully automated component of AltSignals that will help users trade cryptocurrencies more easily.
Visit the official AltSignals site to learn more about the presale and project details.
Is now a good time to invest in AltSignals?
Bitcoin and the broader cryptocurrency market have performed strongly year-to-date. Bitcoin has gained nearly 50% since the start of the year, outperforming many major financial markets.
Market analysts predict Bitcoin could continue to rise over the medium and long term. If Bitcoin advances further, many altcoins could also post significant gains.
AltSignals is a project worth watching. While still in presale, it aims to change how traders approach markets by offering signal services and automated trading tools.
If the development team delivers the platform as promised, AltSignals could attract a strong user base of traders, which may drive demand for ASI and potentially push its price higher over coming months and years.
The rollout of ActualizeAI could serve as a major catalyst for AltSignals by bringing more investors and traders into its ecosystem.