The AltSignals token has raised over $1 million as it nears its goal.
Bitcoin completely held above $30k even as risks rose in the industry.
bitcoin The price stabilized above the $30,000 level as the recent momentum waned. It was trading at the important level of $30,230 on Tuesday, which is a few pips below the year-to-date high of $31,413. However, it is still about 21% above the June low and 95% above the 2022 low. At the same time, the first phase of AltSignals Code sale is running out.
Bitcoin is outperforming stocks
Bitcoin and many digital currencies are outperforming US stocks and other assets this year even as regulatory risks persist. The currency jumped more than 80% in 2023, bringing its total market capitalization to more than $587 billion.
Other financial assets rose at a slower pace than cryptocurrencies. For example, while the price of gold has risen to an all-time high this year, it has only jumped less than 10% this year. US indices such as the Nasdaq 100 and S&P 500 are up about 15% and 35%, respectively.
Bitcoin has done well in showing resilience considering the cryptocurrency industry has gone through hell in the past few months. In May of last year, Terra and its ecosystem crashed, leading to the collapse of other companies such as Voyager Digital, Three Arrows, and Celsius.
In November, the industry witnessed the collapse of FTX, a leading exchange valued at more than $30 billion. Cryptocurrency investors lost more than $8 billion after the crash, we wrote here.
And this year, the Securities and Exchange Commission (SEC) decided to sue Coinbase and Binance, the two largest players in the industry. The SEC made several allegations, including accusations that the two were offering unregulated products to American customers.
Therefore, Bitcoin’s performance is a reflection that cryptocurrencies are very resilient. In fact, Jerome Powell, Chairman of the Federal Reserve, believes that Bitcoin has great staying power.
AltSignals token sale continues
This flexibility explains why so many companies were able to raise millions of dollars this year. Earlier this year, Metacade raised more than $16 million from investors. Its developers are building a gaming platform that rivals the likes of Decentraland and Sandbox.
AltSignals has raised over $1 million in the highly successful token sale. as you see here The developers have sold 95.23% of all available ASI tokens. They raised over $1.028 million in the first phase of the sale. Each token will be worth $0.015 and the developers will boost it by 25% in the next phase of the sale.
For starters, AltSignals is a company hoping to use artificial intelligence to disrupt the financial services industry. Developers aim to improve their services by integrating AI into their existing platform which is already a profitable platform.
After the first phase, the developers will launch the second phase of the token sale. According to her White papersAnd Developers will then get to work before launching the new AI platform. They will also list the token on major centralized and decentralized exchanges.