Bitcoin is well on its way to hitting the $40K mark, as its price has been on an upward trend for a while now. Experts predict that Bitcoin could reach $40K in the next Bitcoin halving, which is scheduled to take place in 2024. Others predict that this could happen earlier. As the world’s largest cryptocurrency is on its way to recovery from the 2022 crypto crisis, XRP and Avorak are pushing alongside Bitcoin.
Will Bitcoin Reach the $40K Mark?
Bitcoin is holding on to its resistance level after a price surge that can be attributed to various factors, including the dollar weakening, a pause in interest rates, and cooling inflation data. If Bitcoin sticks to its resistance level, it has a high chance of bouncing back from the recent downward trend after the SEC sued Binance for allegedly mishandling consumer funds.
Bitcoin has rallied 80% higher this year than in previous years but is still down almost 50% from its all-time high of $69,000 in November 2021.
XRP Pushes Alongside Bitcoin
Bitcoin’s price surge has led to a general boom in other cryptocurrencies such as XRP, and Avorak. Ripple (XRP) price charts show a bullish trend, with prices rising daily. XRP has risen by almost 40% since the beginning of the year as the ongoing SEC vs. Ripple case seemingly comes to an end.
The growth in XRP price can be attributed to positive expectations surrounding its long-running legal battle with the Securities and Exchange Commission (SEC), which sued Ripple in 2020 for offering XRP without registering them as securities.
With there being a chance of Ripple winning the case, investors who buy XRP during the dip will be in for high returns soon.
Avorak AI Gains Momentum
Avorak AI is an AI-powered blockchain that aims to revolutionize the crypto industry by providing traders with solutions to simplify their activities on the blockchain. The project offers automated AI-powered tools that help individuals with trading cryptocurrencies, image, and text generation.
Among Avorak’s most popular features is Avorak Trade, a tool that analyzes the market using past and current data to generate accurate price predictions. Avorak Trade also monitors the market and automates profitable trades on behalf of traders. The tool uses machine learning mechanisms to study the market and alert users in case of changes in trends and patterns.
Avorak’s tool can come in handy in the next Bitcoin bull run to make good trading decisions that generate profit. To access Avorak’s tools, users must first purchase AVRK, the platform’s native token. AVRK tokens are used to fuel transactions, use Avorak tools, and reward users for their participation.
The project is in phase 8 of its ICO, and users who purchase AVRK in this phase will get a 3% bonus. As the ICO event comes to an end, the Avorak team is providing a bonus event as a show of gratitude to its users. Users who make purchases between $250 and $495 of Avorak tokens will get a 100% bonus, a purchase from $500 to $1250 will get a 200% bonus, a purchase from $1,255 to $6000 will get a 300% bonus, and a purchase of $6,005 – $1,050 get a 400% bonus. Users who purchase over $10,300 AVRK are eligible for a whopping 625% bonus.
These bonus tokens are drawn from the 28 million tokens, out of the max supply of 40 million, allocated to the public ICO event. The infrastructure has been designed to benefit long-term AVRK hodlers through an inbuilt staking platform that allows investors to earn passive income by just holding AVRK tokens.
The staking feature is divided into three categories namely Diamond, Platinum and Gold. These pools will consistently yield passive income to investors depending on the pool selected to lock in the tokens.
Learn more about Avorak AI on:
Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register
Disclaimer: This is a sponsored article. The views and opinions presented in this article do not necessarily reflect the views of CoinCodex. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets.
