Futures that track the popular Dogecoin cryptocurrency gained $32.90 million in settlements. Dogecoin price increased by more than 25.76%. AltSignals has gained popularity as it enables trading signals and analysis for Binance Futures.
AltSignals is a project that provides new opportunities for many traders on a global scale, by introducing numerous technologies, including Machine Learning (ML), Artificial Intelligence (AI), Natural Language Processing (NLP), and Advanced Sentiment Analysis, to allow them an extra level of functionality. It is also leading the way in AI-powered algorithms.
Some of the most significant features behind AltSignals include a fully automated trading capability that operates 24/7 and provides users with a high level of accuracy and allows them to manage their risk. There is also an advanced sentiment analysis, above mentioned, which allows users to get trading signals and analysis for Binance Futures, Forex, and Tradingview Algos.
ASI is the native cryptocurrency behind the platform, the membership currency for the ecosystem, which can be used to access numerous AI-related services across the platform.
Twitter Changes Logo to Shiba Inu – Effect on Cryptofutures
As is known, this Monday, Twitter changed the blue bird logo on the home page and the loading screen of the website with an image of the Shiba Inu dog. This caused many to associate the image with the Dogecoin cryptocurrency, after which the market underwent a huge turnaround.
Specifically, futures that track the popular Dogecoin cryptocurrency saw a liquidation of $32.90 million within 24 hours of this change, a move not commonly seen, as Coinglass explained. Longs, back bets, shorts, and best lays were affected almost equally. Of those, longs experienced $14.41 million in liquidation, while shorts experienced $18.49 million. The number of unsettled futures contracts increased to $580 million.
The event, while only limited to users geographically located in Europe or the United States, showcased the overall appeal and usefulness of futures trading, where AltSignals can provide a lot of value.
It is clear that the Blockchain space has seen a high level of utility. The most recent event of Dogecoin futures liquidations reaching $32.90 million is an indication that a large market is in place and that cryptocurrency enthusiasts are here to stay, even despite a bearish start to the year.
ASI Token as Solid Investment Opportunity
Not only will the ASI token power the artificial intelligence capabilities of the revolutionary AltSignals algorithm, but it also has the ability to develop a suite of tools and insights, all of which implement Natural Language Processing (NLP) and sentiment analysis.
Many factors must be taken into account, including how much investors believe in the future of artificial intelligence (AI) and the tools that use it, to how much future trading of futures or other markets may occur.
With the growing interest in AI and the general appeal of trading cryptocurrencies due to their volatility, getting the right predictions can benefit millions of traders around the world, increasing the overall appeal and utility of AltSignals. As more traders and investors begin to accumulate ASI, its utility and value will increase.
By Audy Castaneda
