Avorak AI and its ICO event have been making headlines in crypto news. With phase 2 of the ICO event exceeding expectations, many crypto enthusiasts are curious about what this means regarding the recent news surrounding AI crypto and meme coins like Shiba Inu and Dogecoin.
What is Avorak AI?
Avorak AI is a new AI crypto project in its ICO phase.The project is built on the Binance Smart Chain (BSC) to offer its user a fast, secure, and scalable AI blockchain platform. Avorak AI aims to combine these two technologies to offer unique and diverse benefits for its AVRK token holders.
The AVRK has use cases such as staking and incentivized liquidity provision through DEXs. However, the most appealing use case is that the AVRK token will be used to access the ecosystem’s AI products and services such as Avorak Trade, 3D modeling, automated images and videos, and non-plagiarising AI image and text generators. Avorak Trade offers first-to-market advantages that are unmatched by many other providers, allowing traders to be more successful right away. The AI trading tool can create large sets of indicators and include visuals and services from projects like TradingView. Additionally, Avorak Trade can work on multiple exchanges, encompassing these indicators to make automated trades on your behalf, and alert you in case of pattern changes.
The Avorak AI ICO event continued success
Avorak’s ICO event went live on 1st March with the AVRK token at $0.60 and including a 10% on-top bonus. After 10 days, phase 1 of the ICO successfully ended with Avorak AI making notable moves in the crypto world such as a $50,000 OTC Binance deal.
On March 11th, AVRK was up 75%, with the token going for $0.105 and a 9% bonus on top in phase 2. Tweets surrounding Avorak’s ICO increased with crypto analysts such as Crypto Shrek speaking highly of the project and its ICO.
Recently, Avorak’s phase 2 has surpassed expectations, with many investors aiming to get involved before phase 3 starts. This is because AVRK will sell at $0.145 and the on-top bonus will be at 8%. More analysts such as Crypto Baby and Meta Earn are featuring Avorak AI in their videos, talking about its advantages over other crypto projects.
What does this mean for meme coins: Shiba Inu (SHIB) and Dogecoin (DOGE)?
Meme coins surged in popularity since Elon Musk endorsed the use of Dogecoin. These tokens originate from Internet memes or other humorous and adorable origins. Dogecoin was created based on the Doge meme. The meme token saw increased popularity and adoption ever since. This sparked the creation of several subsequent meme coins such as Shiba Inu (SHIB) which labels itself the “Dogecoin killer”.
The price of AVRK was already higher than most meme coins in phase 1. The success of phase 2 of Avorak’s ICO event is indicative of continued price increases. SHIB and DOGE might not be able to attain these prices seeing as many analysts believe SHIB might not attain the $1 mark.
Recent crypto news suggests that AI cryptocurrencies might overtake meme coins in the near future. This has been largely attributed to the AI crypto projects’ utility when compared to these meme tokens. Avorak AI’s phase 2 exceeding expectations alludes to the possibility of this AI crypto project surpassing Shiba Inu (SHIB) and Dogecoin (DOGE).
With meme coin supporters such as Elon Musk moving to AI crypto, meme coins like Shiba Inu and Dogecoin are likely to be less popular than AI cryptocurrencies in the near future. The success of Avorak’s presale indicates the growing investor interest in AI crypto.
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