The AI crypto trend has been compared to the meme coin craze of 2021. However, AI crypto projects are set to overtake meme coins in popularity due to their real-world applications. Avorak AI (AVRK) has recently given Dogecoin (DOGE) stiff competition with its new active holder count.
What is Dogecoin?
Dogecoin (DOGE) is the largest meme coin and ranks among the top 10 cryptocurrencies by market cap. Dogecoin inspired the creation of many other meme tokens, such as Shiba Inu (SHIB) and Babydoge (BABYDOGE). DOGE has attracted a large community and following, with reputable figures like Elon Musk endorsing the coin. However, despite its fame, Dogecoin’s price is highly volatile, and the coin has few applications in the real world. Additionally, DOGE faces stiff competition in the meme coin space, with coins like PEPE witnessing greater surges. Therefore, Dogecoin’s viability as a long-term investment is quite shaky. Nonetheless, Dogecoin can provide significant short-term returns through trading.
How to trade Dogecoin
To trade Dogecoin, you need an account on a crypto exchange such as Binance or Coinbase. Once you have created your account, fund it with fiat currency or cryptocurrency. After your account is funded, you can then navigate to the Dogecoin (DOGE) trading page and place an order to buy or sell. It’s a good idea to set stop-loss orders to minimize potential losses. You should also do your research and understand the risks involved in trading Dogecoin (DOGE) before starting.
Why is Avorak AI (AVRK) on an uptrend?
Avorak AI has been a closely monitored project since its initial coin offering (ICO) started in March. The project has gathered over $2.1 million in the ongoing event, with more than $250,000 in OTC investments. The ICO event has 8 phases and recently bolted through phase 5 with a token sell-out. The Avorak (AVRK) token currently sells at $0.235, including a 5% token bonus and other ICO benefits in phase 6. Several exchanges have already declared plans to list Avorak AI ahead of its launch, which is a positive sign.
The ICO has seen an increased number of investors, with some of Avorak’s AI products displaying their potential while still in their development stages. Avorak AI reported a 72% hit on Bitcoin’s spot leverage trades last month and a 28% gain on BTC short more recently. This has boosted confidence in the possibility of getting a full market analysis AI trading bot that can work as a traditional trader, conducting trades on different exchanges and asset classes. The Avorak Trade bot also guarantees the security of its investors’ API keys with its AI algorithms.
AVRK already has several real-world use cases. The token serves as a payment for Avorak’s AI services and offers its holders a portion of Avorak’s profits. Those investing for the long term can increase their total hold of the project market cap during initial development phases, while the true use-case of the token has yet to take hold through staking.
Avorak AI has a clear roadmap, a team of qualified professionals, and a strong, growing community foundation of AVRK holders. Its many competitive advantages also position it well for continued success after launch.
For more information on Avorak Ak and its ICO:
Buy AVRK: https://invest.avorak.ai/register
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