Cryptocurrency news this week has been dominated by events around the regulatory crackdown on crypto exchanges in the US, with the SEC suing both Binance and Coinbase. Amid this has been continued outflows from digital assets investment products.
Regulatory headwinds and uncertainty around prevailing monetary policies remain key factors that are impacting crypto market performance.
However, could the inflows into Litecoin (LTC) and XRP (XRP) investment products suggest crypto bulls remain resilient? What does this outlook , and the SEC vs. Ripple case, signal for new cryptocurrencies like AltSignals?
What is AltSignals?
AltSignals is a company that launched in 2017 and offers trading signals for a growing community of users across cryptocurrency, forex and stocks. The platform is looking to launch a new artificial intelligence-powered layer called ActualizeAI.
The new AI-powered solution will offer further accuracy for trading signals that users can apply in whatever market conditions.
This AI layer is set to launch later in the quarter and its native cryptocurrency token ASI is currently in presale.
According to details on the AltSignals website, the first stage of the token sale is 91% sold out. ASI token holders will have premium access to ActualizeAI among other benefits including earning rewards for participating in ecosystem development, governance and staking.
Investors can get access to these features and more at the current discount prices by participating in the presale here.
Litecoin and XRP see investment inflows
Digital assets manager CoinShares released its weekly report on cryptocurrency investment flows on Monday. It showed outflows totaled $88 million last week, and $417 million over the past eight weeks.
But despite Bitcoin and Ethereum seeing nearly all of the weekly outflows ($52 million and $36 million respectively), investment products that offer exposure to top altcoins recorded some inflows.
Prevailing market conditions aside, Litecoin and XRP saw inflows of $0.7 million and $0.5 million respectively to suggest a bullish outlook from investors. Solana also registered $0.3 million in inflows.
XRP price prediction ahead of Hinman files release
In terms of price outlook, Bitcoin has held above $25k and currently is above $26,200, while Ethereum is looking to retest $1,800 as bulls try to stabilise following last…
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