- After a major hack involving Bored Ape Yacht Club (BAYC) NFTs, the ApeCoin price prediction has been knocked down.
- BAYC NFTs are some of the most valuable digital art collections in the world, but investors are starting to question whether there is a security problem involved with holding NFTs.
In contrast, AltSignals continues to impress investors through its broad offering to the Web3 community. As an industry-leading trading group, AltSignals has vast potential for future gains.
BAYC NFTs causing problems for the ApeCoin price
AltSignals is fast becoming a favorite among early-stage crypto investors, as the project is bringing brand-new services to an already-successful trading platform. While AltSignals continues to impress, the ApeCoin price is starting to suffer.
ApeCoin, inspired by the BAYC NFTs, posted strong gains at the beginning of 2023. However, experts are now suggesting that the ApeCoin price could begin to falter over the coming months due to ongoing problems with NFT hacks. Since the BAYC project was launched, nearly 150 NFTs have been stolen – valued at $13.5 million collectively.
This news follows from a major hack involving a BAYC holder in January, where over $2 million worth of NFTs were taken, including works from both the BAYC and Mutant Ape Yacht Club (MAYC) collections. This has raised increasing concerns about the safety of holding BAYC NFTs and has cast ApeCoin price movements into doubt.
What is ApeCoin (APE)?
ApeCoin is a community-driven initiative that aims to usher in the future of the metaverse. The ecosystem is home to a DAO, which decides how to allocate the ApeCoin treasury for the benefit of major metaverse projects that are being built on the blockchain.
The project is spearheaded by many experienced Web3 professionals and BAYC NFT holders. A core aim is to drive the sustainability of decentralized online communities by encouraging the growth of virtual reality metaverses and other Web3 projects.
Can APE reach $5 in 2023?
The ApeCoin price may see a slump in the remainder of 2023, despite rising by more than 100% at the very beginning of the year. The ApeCoin price correction could target support at the $4.30 level – a 30% fall from the local highs.
If the ApeCoin price can hold this key level of support, then it may target $7.50 before the end of 2023. The ApeCoin price has certainly suffered in the wake of the BAYC NFTs incident, as experts had forecasted the $10 price level as a key target in the past. The ApeCoin price now looks unlikely to reach those levels this year.
What is AltSignals?
AltSignals is the largest online trading community in Web3. Between 2020 and 2022, the platform’s industry-leading automated trading tool, AltAlgo™, consistently supplied trading signals that had an average accuracy rate of over 64%. The AltSignals platform has now generated 10x monthly returns in 19 months out of 32 on record.
Anyone can join the AltSignals community to access some of the most profitable trading strategies in Web3. Calls are shared between members multiple times a day, helping both new and experienced traders to conquer crypto market volatility with highly successful trades.
How does ASI work?
The ASI token has just launched during AltSignals’ crypto presale event. Token holders will be able to access the new AI stack AltSignals is developing, ActualizeAI, which will combine machine learning, natural language processing (NLP), and predictive modeling to deliver highly accurate trading signals.
The ground-breaking combination of AI with trading signals has led to thousands of profitable trades, and now AltSignals is building ActualizeAI to improve on this success. ASI token holders can also beta test new trading tools and gain an edge while trading the markets.
ASI can be used to gain exclusive entry to AI Members Club, which is home to some of the most advanced AI-trading tools in the world of Web3. Club members will also be able to earn ASI tokens for testing new features and contributing feedback directly to the AltSignals development team.
This is the earliest stage of investment for the new token, which will bring new and improved functionality to the AltSignals ecosystem. Since AltSignals has a large and dedicated user base, the ASI token is expected to be a major success during the presale.
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Can AltSignals reach $0.75 in 2023?
The ASI token is showing potential for some explosive price action in 2023. The presale continues to attract interest from across Web3, and the expanded offering from the AltSignals project looks set to boost the platform’s user base even further.
When the presale is complete, ASI will launch on exchanges and generate increased exposure for the token. By the end of 2023, ASI could reach $1 – a 40x price rise from the end of the presale.
AltSignals vs. ApeCoin price prediction: Which is worth buying?
Both the AltSignals and ApeCoin projects look promising over the long term, but the ApeCoin price prediction is certainly less impressive than AltSignals. Experts are forecasting major returns from the end of the AltSignals presale, which makes it undoubtedly one of the best investment opportunities available right now.
As a project inspired by BAYC NFTs, the ApeCoin price has benefited massively from representing an already-successful project in Web3. This same dynamic characterizes AltSignals, except ASI is at a much earlier stage in its journey.
To get involved in the AltSignals crypto presale, investors do need to be fast. Presales can be some of the most lucrative investment opportunities in the crypto market, and the ASI presale is a first come, first served event. Make sure to be quick to buy ASI at the best possible price, as the value of each token will rise from $0.012 to $0.02274 soon enough.
You can participate in the AltSignals presale here.