Dogecoin Explores New Markets As Avorak AI Tightens Its Hold On AI Crypto
The post Dogecoin Explores New Markets As Avorak AI Tightens Its Hold On AI Crypto appeared first on Coinpedia Fintech News
The cryptocurrency world constantly evolves, with projects and technologies constantly pushing boundaries. As Dogecoin explores new markets, Avorak AI has maintained tenacity in AI Crypto, displaying its capabilities while still in its initial coin offering (ICO).
What is Dogecoin?
Dogecoin (DOGE) is the first and largest meme coin by market capitalization. The cryptocurrency has gained the attention of many in the crypto community, including reputable names like Elon Musk and Mark Cuban. Unlike Bitcoin (BTC), which was designed to be scarce, Dogecoin is intentionally abundant, with no maximum supply. Nonetheless, Dogecoin (DOGE) has managed to rank among the top 10 cryptocurrencies by market capitalization and maintains a significant following and dedicated community.
Will Dogecoin go up?
Dogecoin’s price is highly volatile. However, the widely known Dogecoin price influence is Elon Musk. A single tweet from Musk can cause a notable spike in the coin’s price. Despite this, Dogecoin has a degree of vulnerability due to how easy it is for a single individual to influence its price. Additionally, the lack of substantial use cases for DOGE has placed constraints on the rise of its value. What perhaps is the major limitation to the future price of Dogecoin is its inflationary nature. The coin could still serve significant purposes in the crypto industry and has the potential to increase in price slowly, but capped supply tokens can grow much more sustainably in the long term. Nonetheless, the crypto market is highly unpredictable, and as Dogecoin explores new markets, it could go up.
Avorak AI: The leader of the AI crypto bull run?
Avorak is a new AI crypto project, and many expert analysts and investors have suggested that it has the potential to lead the AI crypto wave. Avorak AI is the first platform to offer a comprehensive set of advanced AI-driven solutions within a single interactive AI through the blockchain. Avorak’s AI, AVA, includes solutions for text generation, image creation, online shopping, trading, 3D modelling, base architectural blueprint drafting, and more.
The first-to-market strategy assures Avorak’s solutions stand out in the market and allows the project to get ahead of the competition. For example, the Avorak AI trading bot uses a simple command-line input programmed with a standard script such as: ‘When BTC reaches $ 30,000, sell 0.25 BTC in my Binance futures account.’ This intuitive approach eliminates the need for extensive coding knowledge, making it accessible to traders of all levels of expertise. Additionally, the Avorak Trade bot can automate trades regardless of the exchange or asset class, using AI algorithms to find the best trades. Avorak Trade also provides price predictions supported by an extensive range of indicators, enabling traders to make well-informed decisions.
Avorak has also combined its AI blockchain capabilities with unique digital art to create a one-of-a-kind NFT collection. Along with their uniqueness, Avorak’s NFTs offer utility benefits to their holders, such as free access to Avorak Trade for life. Avorak’s native token will be required to access its AI solutions. AVRK has a maximum supply of 40 million and guarantees a portion of Avorak’s profits. AVRK can be staked to increase the hold of the project’s market cap or traded on centralized or decentralized exchanges.
The Avorak AI initial coin offering (ICO) has had a successful run for the past three months and is slowly rising to the anticipated launch price of $ 1. The ICO is entering phase 7, indicating a 325% increase in AVRK’s price.
For more information on Avorak AI and its ICO:
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