XRP Tuesday, May 2 morning traded at around $0.46. Although the sixth-ranked cryptocurrency by market cap was up nearly 38% year-to-date, it was in the green last week and has lost nearly 10% over the past 30 days.
The seven-day period saw largely flat returns for the coin BitcoinThe world’s largest cryptocurrency by market cap is hovering near $28,000. BTC price reached this crucial level after testing resistance near $30,000 this weekend banking news Related to the troubled First Republic Bank (NYSE: FRC,
As XRP and other top altcoins look for a base, AltSignals (ASI) Presale continues to attract heavy investor interest. Here we look at the price forecast for XRP and the ASI token as analysts point to a greater potential for crypto outperformance of the stocks in the coming months.
XRP Price: SEC vs Ripple Case
May is here and the XRP community is still awaiting the verdict in the highly publicized court battle between the US Securities and Exchange Commission (SEC) and… WaveThe blockchain company that created the XRP cryptocurrency.
While anticipation for a decision remains high, the latest speculation is that the SEC has lost the case and is looking for a settlement. Among the experts commenting on Ripple’s case is John E. Deaton, a blockchain enthusiast and advocate for the XRP community.
In a Twitter thread on the latest rumor about SEC vs. Ripple, the lawyer says his bet is that it’s false. He notes that a settlement will likely come into play”.Only if Ripple wins big can Gensler save face and score a political victory via settlement,
XRP Price Prediction – The Big Wait for XRP Rally
XRP price briefly entered positive territory on the 24-hour log on Monday night, but did not stop following the rumours. This is likely due to sentiment checking following Deaton’s and others’ comments, as noted by an XRP trader in the tweet below.
XRP coin is therefore currently hovering near the key support base below $0.47. Nevertheless, there is hope that a Ripple Labs win could ignite a bigger explosion for XRP in the coming weeks, while a win for the regulator could affect not only XRP, but many other top coins that have been hit recently by the agency. have been exposed as securities by
On the positive side, demand leads to new buy xrp The pressure could push XRP’s value to a psychological $1 amid a bullish market outlook for the crypto.
After that, targeting the January 2018 all-time high of $3.40 could give XRP bulls a chance to catch up with peers after outperforming the other top 10 coins in the previous bull run.
AltSignals and its new AI-powered trading platform
Market observers continue to make optimistic predictions for crypto as the broader market moves towards the second half of 2023. And as May begins, one of the projects receiving renewed attention is AltSignalsA leading trading signals provider all set to revolutionize the trading industry with a new upgrade artificial intelligence,
To power the new ActualizeAI platform, the AltSignals team has launched ASI. Holders of ASI tokens will be the first to access the new AI algorithms. In addition to access to the AI layer, the community will also benefit from several other ways to earn rewards with their holdings, including membership clubs and trading tournaments.
Currently, the platform serves over 50,000 traders who use its trading signals in cryptocurrencies, stocks, and forex. The AltSignals team is taking this already successful business one step closer to dominating its space by incorporating AI tools, while the new model is also taking advantage of the latest in machine learning and natural language processing.
Once launched, ActualizeAI will multiply the accuracy of AltSignals’ trading signals, supercharge traders’ experiences and provide huge benefits to members.
AltSignals Price Prediction – Does ASI Offer A Good Opportunity?
ASI Pre Sales Currently in phase two, this phase of the pre-sale sold out 62% of the tokens on offer in days to raise over $673k. The ASI price at this level is $0.015 and will rise to $0.02274 by the time the presale ends before ActualizeAI goes live.
According to AltSignals roadmapThe ASI token is set to launch on leading cryptocurrency exchanges in the second quarter of 2023. The first exchange to list the token will be Uniswap, and as seen with most other projects, this often coincides with the secondary market going live. Major cost advantage.
The AltSignals team also plans to acquire ActualizeAI license after launching live trading, with major partnerships from major institutions and third parties as part of the roadmap. This should significantly increase the demand for ASI and potentially support the market value. Also important to the token economics of this project is the expected move of governance that will introduce a burn schedule. AltSignals white paper There is more detail on Tokennomics.
If ASI repeats the trends seen across the market, it is likely that it will be priced at $0.1 during the quarter and potentially $0.5 in 2024.
Interested in ASI Tokens? Find out more by visiting their pre-sale page Here,
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