Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
Dave Limp – the Senior Vice President of Devices and Services at Amazon.com Inc (NASDAQ: AMZN) expects a robot in every household in a few years from now.
Amazon is committed to artificial intelligence
His remarks resonate with the growing focus on artificial intelligence. At writing, the S&P 500 is up roughly 15% for the year much of which has been related to the gain in A.I. stocks.
Still, Amazon’s Limp seems to believe that artificial intelligence at present is in its early innings only. On CNBC’s “TechCheck”, he said:
We have lot of success left to show customers. Robotics will be one of that. I can’t imagine a future 10 years from now, with all we see going on in AI, where every household isn’t going to have at least one robot.
In 2021, Amazom.com Inc introduced Astro – a virtual assistant that doubles as a home robot for security and remote care for elderly. Earlier this year, the tech behemoth also launched “Bedrock” to expand its footprint in generative A.I (read more).
If anything, such bets suggest the multinational sees big future in artificial intelligence; focus on which, will likely sprinkle down to other names in this space as well, such as AltSignals.
AltSignals to launch an AI-focused trading tool
AltSignals is a financial technology company that is behind a trading signal service it calls “AltAlgo”.
But it’s far from your average, run-of-the-mill platform that informs you on when to take a position in a financial asset such as stocks or cryptocurrencies and when to pull out of them. It’s different and enhanced versus peers in several ways.
To begin with, AltSignals wants to integrate its state-of-the-art trading algorithm with artificial intelligence in its upcoming service ActualizeAI. The idea essentially is to use A.I. to further enhance the quality and accuracy of the trading signals for investors to maximize their profits.
Secondly, it has its own native $ASI token that’s really the key to unlocking everything that this platform has to offer. The crypto asset is currently in pre-sale.
AltSignals’ $ASI token is an investment in itself
Note that AltSignals aims at eventually transitioning into a fully decentralised service. Simply put, it’s a platform that wants it community to have the power of decision-making – and that’s where the $ASI token steps in.
Much like shares, the native token is what wins you the right to have your voice heard in matters critical to the future of AltSignals.
Interestingly, though, the $ASI token is also an investment that, depending on supply and demand, could earn you profits over time. For instance, it’s currently going for $0.018 but is estimated to hit $0.022 by the end of the pre-sale.
That translates to about a 25% upside. Plus, the Stage 2 of the pre-sale that’s currently ongoing has already raised over $1.1 million which is good news for investors as it suggests strong demand.
Could $ASI token benefit from Spot Bitcoin ETF?
It is worth mentioning here that other tokens such as Pepe and Floki saw a significant boost to price when they went live on major crypto exchanges earlier this year. It’s an event that is still in the future for AltSignals and, therefore, paints a rather rosy picture of what the future holds for the $ASI token.
On top of that, cryptocurrencies have rallied recently on the back of filings from notable asset managers, including the mighty BlackRock, for a Spot Bitcoin ETF. Many believe the market to unlocked the next leg up once the SEC greenlights such an exchange-traded ETF which could be another tailwind for the $ASI token considering it’s a crypto at its core.
Remember that BlackRock has a history of winning approval for almost every single ETF that it has ever filed for. Lastly, the artificial intelligence market is projected to expand at a CAGR of more than 20% to surpass $2.0 trillion in valuation by the end of this decade – and AltSignals, being an AI name, could ride that wave.
Putting it all together, it’s conceivable that the native $ASI token may be worth 5 cents in early 2024. For further detail on the pre-sale, visit the AltSignals website here.
The post Amazon seeing big future in AI may be good news for AltSignals ($ASI) appeared first on Invezz.
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.