Tuesday, 27 February 2024

Crypto News

LINK rallies by 26% in a week as Uniswap lists AltSignal’s ASI

LINK rallies by 26% in a week as Uniswap lists AltSignal’s ASI

Key takeaways

  • Chainlink’s LINK is up by 26% in the last seven days, outperforming the broader cryptocurrency market.

  • ASI token launched on the Uniswap exchange after AltSignals concluded its token sale. 

The cryptocurrency market has been consolidating over the past few days, with Bitcoin still trading below the $43k level. However, Chainlink’s LINK is currently outperforming the market and could rally higher soon.

LINK rallies by 26% to outperform the market

LINK, the native coin of the Chainlink ecosystem, is the best performer amongst the top 20 cryptocurrencies by market cap over the last seven days. It is up by more than 26% over the last seven days.

At press time, the price of Chainlink stands at $18.92. LINK’s rally comes as the other major cryptocurrencies continue to underperform. Bitcoin continues to trade below the $43k level while Ether is consolidating above $2,300. 

AltSignals’ presale comes to an end

Despite the current market conditions, AltSignals has achieved an important milestone. The project’s presale has now closed and the team raised $1.8 million. In the first presale round, ASI, the native token of the AltSignals ecosystem, went for 0.015 USDT. however, by the end of the presale, the token was sold for 0.01875 USDT.

The funds raised from the presale rounds would aid in developing products for the users. AltSignals is a unique project that will use AI and blockchain technology to ease crypto trading and, in the process, help onboard more traders to the market. 

What is AltSignals?

AltSignals is a Web3 project that seeks to gain adoption beyond the crypto space. It project targets traders in the broader financial markets, including crypto, forex, stocks, commodities, and indices traders. 

Per their whitepaper, AltSignals intends to make it easier for traders to have access to trading signals and other resources that would help make them better traders. 

Most of the funds generated from the presale round would go towards developing ActualizeAI. ActualizeAI is an AI solution that will make it easier for people to trade cryptocurrencies and other financial assets. 

With ActualizeAI, traders have a solution that works 24/7, generating signals and helping them identify various patterns in the market. This solution helps eliminate some of the obstacles traders face in the market. 


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