Several projects have displayed the growing demand for real-world applications of blockchain technology. Render Token’s (RNDR) price action has provided valuable insights into the future of AI cryptocurrencies like Avorak (AVRK).
Render Token price
Render Token (RNDR) is a cryptocurrency designed to facilitate decentralized rendering and computing power. RNDR allows users to securely exchange computational power and resources for rendering complex 3D graphics, animations, and visual effects. By leveraging blockchain technology, RNDR aims to revolutionize the rendering industry by providing a more efficient and accessible platform for content creators and developers.
The RNDR price has notably increased for the past 90 days. In late April, Render Token experienced a breakthrough above the significant $2.10 resistance level. The price dipped below this on May 8 but regained its footing and began ascending again on May 11. As RNDR regained momentum, it surged to a new yearly high. The RSI indicator for the Render Token price broke out from its bearish divergence trendline, which frequently precedes upward movements. An analysis of the 12-hour time frame also suggests a continued bullish price movement for RNDR. However, with the volatility of the crypto market, there is a need for in-depth research and continued monitoring of the market.
What is Avorak AI (AVRK)?
The rise of Render Token suggests that the need for real-world use cases in crypto is inevitable. And Avorak AI (AVRK) has garnered significant attention in the cryptocurrency market. The project’s initial coin offering (ICO) has witnessed rapid investor count growth across its phases, with analysts on platforms like YouTube predicting a substantial surge in its value post-launch.
One of the key factors driving positive sentiment towards Avorak AI is its first-to-market strategy, offering a comprehensive AI solution through the blockchain. Avorak’s solutions can be used for trading, content creation, customer service, security management, data analytics, architecture, and more. These solutions are also very unique from other AI service providers. For example, Avorak’s text-generating AI employs a combination of mechanisms, including language banks, plagiarism-detection APIs, and internet scraping, to generate high-quality, unique, and non-plagiarized texts. Users can specify the format and requirements, and Avorak’s AI will produce tailored texts that meet their exact specifications.
Avorak AI also has a unique NFT collection. These NFTs are created from a combination of several technologies, including AI, to provide aesthetic value. They also offer many utility benefits to their owners. For example, Standard Avorak NFT holders receive 10,000 words per month for free for two years and a 50% discount on additional credits for life with Avorak Write.
The native utility token of the platform, AVRK, serves as credit for accessing its AI solutions. AVRK token holders are entitled to a share of Avorak’s profits and can increase their total hold of the project’s market cap through staking. AVRK can also be traded for other cryptocurrencies or fiat through DEXs or CEXs. Avorak AI is in phase 7 of the ICO, selling AVRK at $0.255 and offering a 4% bonus, among other benefits.
For more information on Avorak AI: