- The S&P 500 rose to a record 5,000 amid a five-week winning streak buoyed by surging shares of Nvidia and other AI stocks.
- AltSignals’ AI stack ActualizeAI is poised to change the trade landscape.
- ASI token recently listed on Uniswap after a successful presale.
As the S&P 500 logged another winning week to close above 5,000 for the first time ever, buoyed by an explosive showing by artificial intelligence (AI)-related stocks.
In the cryptocurrency space, Bitcoin moved to near $49k as it notched positive moves to suggest the coming months could be huge for investors. Do these developments make AltSignals (ASI) one of the altcoins to watch?
S&P 500 surges to historic 5,000 amid AI boost
On Friday, the benchmark equity index S&P 500 closed higher once more as weekly gains hit five consecutive weeks. The surge to the $5,000 mark was the first time the S&P 500 had hit these levels, and analysts have noted that a lot of the momentum has come from AI-related stocks.
Among top performers are the shares of Nvidia, which has surged nearly 50% year-to-date. Palantir, AMD have also soared, as has Microsoft.
The tech giant’s recent Super Bowl ad highlighted its AI-powered chatbot Copilot, with recent events suggesting the company sees artificial intelligence as a promising sector. This is the outlook for most of the companies to pivot strongly towards AI in recent months.
In crypto, projects looking to tap into AI are also seeing decent market traction. With blockchain at the heart of these projects, the adoption of AI-powered mechanisms and infrastructure is helping bring new capacity to users.&
Analysts say a boom in stocks amid growing adoption of artificial intelligence bodes well for crypto.
AltSignals takes aim at AI crypto trading
AltSignals is a trading platform that continues to see remarkable transformation and adoption, having launched in 2017. The target remains providing access to trading signals.
However, it’s revamping the proprietary algorithm AltAlgo with an AI layer. It’s ActualizeAI that’s the key to AltSignals’ potential market dominance.
When successfully integrated, ActualizeAI, the new AI layer, AltSignals will completely overhaul the way traders access and leverage trading signals for crypto, forex and stocks among other markets.
With its AltAlgo platform, AltSignals has achieved a consistent accuracy average of 64%. With ActualizeAI, the average accuracy level for signals will be 80%. & This shift comes into effect via a suite of AI-powered inputs, which will leverage machine learning, natural language processing and predictive modelling among other features to bolster signals.
ActualizeAI: powered by the ASI token
ASI is the utility token that powers the ActualizeAI ecosystem. The total supply is 500 million tokens, 58% of which were available during the presale.
The token was recently listed on Uniswap after a successful presale that raised $1.8 million. With investor attention rising and future developments adding to the token utility and outlook, buying ASI now may be a great move for investors eyeing the AI narrative.
As a crypto related project, AltSignals could benefit not just from the momentum across AI stocks, but cryptocurrencies as well. In particular, Bitcoin price is likely to smash past $50k ahead of its halving and a broader crypto market uplift could catapult ASI higher.&
Get more details about this project on its website.
The post AI boom helps S&P 500 to record; just the beginning for AltSignals? appeared first on CoinJournal.
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