2022 was a hard year for all firms involved in forward tech, cryptocurrency, and other higher-beta investments.
With many cryptocurrencies down over 75% from last year’s highs, balance sheets have been ripped to pieces, especially considering such dramatic events as the FTX blow-up, DCG’s potential insolvency, Three Arrows Capital’s bankruptcy, and the list goes on.
Coinbase Switches Prime Customers Service
Coinbase has made the switch from Silvergate to Signature Bank for their Prime account customers. It should be noted that this only affects banking in US Dollars and does not affect GBP or EUR services. However, the change is effective immediately.
Silvergate Stock
SI has slid premarket by nearly -50% at the time of writing, with rumors flying around about insolvency.
(below chart snapshot was taken pre-market open and will likely have changed by the time of publishing)
How To Trade This Price Action?
With such high volatility, many people will make incredible wealth from these sorts of movements. The real question is how to trade it.
Avorak AI is a brand-new platform set to release a full suite of trading indicators and automated trading bots that learn from the markets themselves over time. It is with tools like this that can scrape news in real-time, compare it with various indicators, and act in less than a few seconds that will separate the greatest trading wins from the average.
In addition to these innovative new market tools, Avorak is also releasing image and text generation tools, online shopping tools, and eventually moving into commercial applications, all driven through a single endpoint.
The AVRK token will be the main form of payment for using these services, and providing the products gain traction, the token is likely to perform incredibly well.
Currently they are in the alpha stage of development and the token is in its ICO phase. With closed beta testing due to start before the ICO finishes, the development timeline is perfect for a move back into the next bull market.
Want to learn more about Avorak AI?
Website: https://avorak.ai
Whitepaper: https://avorak-labs-and-technology.gitbook.io/avorak-a.i-technical-whitepaper/
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