Crypto Currency

Bittensor, Fetch.ai bullish despite dip as AltSignals offers buy opportunity

AltSignals offers an AI-powered trading signals platform, with ASI as the native utility and governance token. ASI recently listed on Uniswap and has surged more than 32% in the past week. FET and TAO tokens could be an attractive bet for portfolio diversification. As Bitcoin headlines crypto news stories with its surge to new all-time


  • AltSignals offers an AI-powered trading signals platform, with ASI as the native utility and governance token.
  • ASI recently listed on Uniswap and has surged more than 32% in the past week.
  • FET and TAO tokens could be an attractive bet for portfolio diversification.

As Bitcoin headlines crypto news stories with its surge to new all-time highs, the market is patiently getting into position for the cycle boom that could see altcoins moon. Artificial intelligence (AI) is one of the hottest narratives in this respect, and Bittensor (TAO) and Fetch.ai (FET) stand out.

Another under the radar token is AltSignals, a trading signals provider whose AI layer is set to revolutionize the trading industry.

AltSignals (ASI): Future of AI-powered trading signals

AltSignals (ASI) is an established trading signals platform that has gained traction since 2017. Now with artificial intelligence (AI) in the ascendancy across the crypto market, the project has introduced a new layer that could take its high-quality trading signals to a new level of accuracy.

So far, traders have enjoyed an average win rate of 64%, with higher rates across some of the leading signals. 

With thousands of signals accessible to the AltAlgo community, the new ActualizeAI layer will take it to an average of 80%. Natural language processing (NLP), machine learning and predictive analytics are some of the AI enhancements that are set to unleash a new era for the trading community.

The ASI token powers this new platform and saw a successful presale in late 2023. The utility and governance token is now listed on Uniswap and CoinGecko. 

Bittensor (TAO) and Fetch.ai (FET): Dips are for buying?

Bittensor (TAO) is one of the AI related coins that exploded in the past month. TAO price rose to an all-time high of $758 on March 7, 2024, blasting into top spot amongst largest AI tokens by market cap.

Bittensor offers a blockchain network that incentivizes development and distribution of artificial intelligence technology. The TAO token is key to this innovation and has seen a lot of interest amid the rising demand for computing power.

Currently trading at $617, TAO price is nearly 16% down in the past week. The total supply of 21 million and market cap of under $4 billion suggest TAO could yet rise to a new all-time high.

On the other hand, Fetch.ai (FET) has declined by about 8% in the past 24 hours. This comes after the FET token soared amid major developments in the AI space. OpenAI’s Sora launch, Nvidia’s earnings and continued investments from across the industry buoyed investors, pushing FET higher.

In particular, Fetch.ai’s announcement on GPU rewards for FET stakers helped catalyse the token’s surge to above $1.2.

Fetch.ai’s outlook as a top blockchain platform where users can build, deploy and monetize their AI services helps this forecast. At $2.58 and w

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Crypto Currency

Binance Marks Africa Month With Push for Digital Inclusion Across Continent

Binance, the world’s largest cryptocurrency exchange by trading volume, used Africa Month to deepen its engagement on the continent, positioning digital assets and blockchain technology as tools for economic inclusion and community development. The company said it ran a month-long campaign from April 25 to May 25 aimed at boosting participation in the digital economy…

Binance, the world’s largest cryptocurrency exchange by trading volume, used Africa Month to deepen its engagement on the continent, positioning digital assets and blockchain technology as tools for economic inclusion and community development. The company said it ran a month-long campaign from April 25 to May 25 aimed at boosting participation in the digital economy…
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Crypto Currency

France Dominates 70% Global Crypto Wrench Attacks Raising Investor Fears

Crypto Wrench Attacks, France crypto kidnappings, Bitcoin holder security risks, crypto KYC data leak, crypto crime news today, Ledger data breach impact, Bitcoin investor safety concerns, crypto surveillance and privacy risks, France cryptocurrency crime wave, crypto wallet security solutions…

Crypto Wrench Attacks, France crypto kidnappings, Bitcoin holder security risks, crypto KYC data leak, crypto crime news today, Ledger data breach impact, Bitcoin investor safety concerns, crypto surveillance and privacy risks, France cryptocurrency crime wave, crypto wallet security solutions…
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Crypto Currency

Bitdeer Sells 100% Of Weekly Bitcoin Output As ETF Outflows and Market Weakness Push BTC Below $75K

Bitdeer, a Nasdaq-listed Bitcoin mining company, sent shockwaves throughout the cryptocurrency market when it confirmed that all weekly Bitcoin production was sold and that its own holdings amounted to zero. This decision comes as Bitcoin prices come under renewed pressure turning one of the larger players she mines to a cautious stance…

Bitdeer, a Nasdaq-listed Bitcoin mining company, sent shockwaves throughout the cryptocurrency market when it confirmed that all weekly Bitcoin production was sold and that its own holdings amounted to zero. This decision comes as Bitcoin prices come under renewed pressure turning one of the larger players she mines to a cautious stance…
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Crypto Currency

Ethena price: ENA dips despite 5-week peak in whale activity

Ethena’s native token, ENA, saw its price decline as Bitcoin slid below $79,000 The slight dip happened despite ENA notching a 5-week high in whale activity. Prices could fall further, but a rebound for BTC could boost ENA. Ethena (ENA) price faced downward pressure today, dropping nearly 4% to intraday lows of $0.11 as Bitcoin


Ethena Price Down

  • Ethena’s native token, ENA, saw its price decline as Bitcoin slid below $79,000
  • The slight dip happened despite ENA notching a 5-week high in whale activity.
  • Prices could fall further, but a rebound for BTC could boost ENA.

Ethena (ENA) price faced downward pressure today, dropping nearly 4% to intraday lows of $0.11 as Bitcoin grappled with renewed selling amid macroeconomic headwinds.

This decline unfolded even as on-chain metrics signaled robust interest from large holders.

Analysts say the move highlights a disconnect between whale behavior and short-term price action.

Ethena hits 5-week high in whale activity

On-chain data shows Ethena’s ecosystem has managed notable momentum.

For one, the network just hit its largest daily network growth in over three months.

The platform did not just see a surge in new wallet creations, but had ENA whale activity surging to a five-week peak, with this aligning with heightened interest bolstered by several bullish catalysts.

According to Santiment, one of the key drivers was Grayscale’s decision on May 7 to incorporate ENA into its DeFi Fund.

Ethena also recently saw a massive $310 million USDC transfer, a transaction that injected fresh liquidity and drew widespread attention.

Santiment has also highlighted that the spotlight on ENA increased further when LayerZero announced a temporary bridge suspension on May 9, keeping Ethena at the forefront of DeFi discussions.

Adding to the optimism, the Ethena Foundation recently affirmed that all conditions outlined by its Risk Committee for activating the “fee switch” have been satisfied.

This mechanism, designed to distribute protocol fees to stakers, awaits a governance vote from ENA holders in the coming days.

The whale positioning ahead of the pivotal vote helped ENA price pump to highs of $0.14 on May 10.

Why’s ENA price down?

Despite the positive catalysts, ENA’s price succumbed to broader market dynamics.

Both RSI and MACD on the 4-hour chart suggest prices could fall further.

Ethena ENA Chart
Ethena price chart by TradingView

On May 13, crypto sentiment soured following the release of U.S. Producer Price Index (PPI) data.

This came in hotter-than-expected and exacerbated fears of persistent inflation and delayed rate cuts.

US stocks slid, and Bitcoin, the crypto sector’s bellwether, tumbled below $79,000 during intraday trading.

Declines

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