If you’re an investor in the cryptocurrency space, you’ve probably heard about the recent surge in the value of SHIB and ADA coins. These coins are both experiencing monumental growth, with SHIB up over 150% in just the last week alone. But there’s another player on the horizon that’s causing excitement in the crypto community: Avorak AI. This new technology is being hailed as the next wave of innovation in the blockchain space, and it’s got investors and tech enthusiasts alike buzzing with excitement. Whether you’re looking to invest in the latest crypto craze or just interested in staying ahead of the curve when it comes to emerging technology trends, Avorak AI is one to watch.
The rise of Cardano (ADA) and Shiba Inu (SHIB) coins caused a stir in the crypto world in 2021. Both coins saw a surge and reached all-time highs in the second half of 2021. However, investors are now losing interest as the prices declined for 2022 and are still struggling in 2023.
Cardano and Shiba Inu have recently seen a decline in volume and interest, with 24hr trading volumes averaging around $240m for Cardano and $200m for Shiba Inu over the past week. In comparison, XRP has a 24hr trading volume average of over $1 billion over the same timeframe.
Analysts have generally been bullish on both coins, with some predicting that Cardano (ADA) could reach an all-time high of $3.60 in the coming years. Similarly, analysts have predicted that Shiba Inu (SHIB) could reach as high as $0.0015, but this would likely need some form of narrative to take place.
A few possible reasons exist for the decline of Cardano (ADA) and Shiba Inu (SHIB). The launch of the Cardano smart contracts failed to deliver, and the blockchain performed terribly, causing ADA to top out in price before Bitcoin. Shiba Inu made waves as the ‘next Dogecoin’ and caused a new spark in meme crypto interest, but with minimal real use case, the price has been unable to maintain any base level over the past year, and meme coins have suffered significant losses overall.
The use case is integral to a cryptocurrency’s price stability. As long as the crypto is in demand for its purpose, it will continue to be bought, and the price will remain strong. Advancements in AI technology are coming thick and fast, with new AI systems being released and adopted in record time. Avorak AI is the next machine-learning system on the scene, with many products designed to increase productivity and profit and assist with creative tasks.
All Avorak AI products will require payment by the AVRK token. With a revenue-sharing model built-in to provide a passive income from working products, and a deflationary token system that burns AVRK in ratio to the revenue generated, it is hard to see how this will not perform incredibly well over the coming years.
To learn more about Avorak AI, visit their website at https://avorak.ai or read their whitepaper at https://avorak-labs-and-technology.gitbook.io/avorak-a.i-technical-whitepaper/.