Avorak AI (AVRK) has gained traction in the crypto market while in ICO (initial coin offering). As the AI crypto project’s launch draws near, several analysts have predicted that it could outperform Cardano (ADA) and Cosmos (ATOM).

Layer one blockchains vs AI crypto

Layer one blockchains and AI crypto projects both play a significant role in the rapidly evolving world of cryptocurrency. However, AI crypto projects exhibit greater growth potential and could provide higher returns due to several factors. Firstly, AI crypto projects have a unique advantage derived from the integration of artificial intelligence (AI) technologies. By leveraging AI algorithms, these projects can optimize various aspects of their operations, including data analysis, decision-making, and risk assessment. This gives them a competitive edge in efficiency and innovation, allowing them to adapt quickly to market demands and trends. Additionally, AI crypto projects face relatively little competition compared to layer one blockchains, which are numerous and already well-established. The limited competition enables AI crypto projects to carve out their niche and attract a dedicated user base, leading to significant growth and higher returns for investors. AI crypto projects present a more enticing opportunity for those seeking maximum profits in the cryptocurrency market.

Will altcoins bounce back?

Altcoins, led by those listed as securities in the SEC’s lawsuits against Binance and Coinbase, such as Cardano (ADA) and Cosmos (ATOM), have experienced a significant price decline. However, despite this setback, there is still hope for altcoins to bounce back. The establishment of clearer regulations in the United States can help restore investor confidence in the cryptocurrencies listed as securities. And as regulatory frameworks become more defined, altcoins will regain their appeal and attract renewed interest from both institutional and retail investors. Furthermore, the broader cryptocurrency market has displayed signs of resurgence, with several altcoins not implicated in the SEC lawsuits performing well and generating increased investments. This indicates that there is still an opportunity for altcoins to recover and thrive, provided they can navigate the evolving regulatory landscape and offer unique value propositions to the market.

Avorak AI: Taking the lead this summer

Avorak AI is a first-to-market AI platform on the blockchain. It seeks to provide a diverse set of AI-powered products and services, including chatbots, command-line trading, virtual assistants, 3D modeling, automated online shopping, image and text creators, automated image and video editing, and more.

As part of preparation for launch, Avorak is conducting beta tests with the help of their community. Recent news suggests that Avorak Trade beta testers are getting immense profits. Avorak Trade is the project’s AI trading bot, capable of automating trades across exchanges and asset classes, generating indicators and price predictions, and providing alerts to market changes. The bot uses a non-code-based command-line input for ease-of-use. Avorak Trade’s beta testers earning profits shows the usability, applicability, and efficiency of Avorak’s solutions.

Avorak AI has also expanded its offerings while in ICO, displaying the dedication of the project’s team. Avorak AI NFTs are one-of-a-kind in that they combine AI, blockchain, digital art, and actual real-world utility benefits.

The platform’s native utility token, AVRK, serves as credit for accessing its solutions. The holders of AVRK get to share in the profits of Avorak AI. They can also earn additional credits of the token through Avorak’s three staking pools. AVRK can additionally be used for incentivized liquidity provision through exchanges. There is a maximum supply of 40 million AVRK, with a burn program that ensures continuous deflation, comparing favorably to scarce cryptocurrencies like Bitcoin (BTC).

The use of AI algorithms coupled with Avorak’s development team, makes its applications unlimited. The ICO offers users a chance to get in on the ground floor, getting several advantages along the way. AVRK is selling at $0.27 in the last phase of the ICO, a 350% increase from its initial price. Investors get a 3% discount, priority access to beta products and staking pools, and a chance for significant gains as AVRK’s launch price is set at $1. Avorak AI (AVRK) has already secured several exchange listings, which will enable it to support the relatively high launch price.

Notably, Avorak (AVRK) has remained unaffected by the recent altcoin downturn. And its competitive advantages, including a low market cap, first-to-market approach, and growing community, all point to a significant surge post-launch, with some analysts anticipating a 100X.

For more information on Avorak AI:

Website: https://avorak.ai

Buy AVRK: https://invest.avorak.ai/register

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.

Photo by Tech Daily on Unsplash

Source: null tx