With PEPE coin taking the market by storm, investors are on the lookout for more crypto gems. Shiba Inu (SHIB) has been trending in the opposite direction, and with news of Avorak’s phase sellout, more investors are moving to AVRK to profit from the rise of AI crypto.
SHIB price
Despite being touted as a potential Dogecoin killer and its strong fundamentals, Shiba Inu (SHIB) is currently sidelined in the cryptocurrency market. The emergence of PEPE has diverted the attention of meme coin enthusiasts away from Shiba Inu. As a result, SHIB has seen consistent declines in its price, losing nearly $500 million in just two days. The lack of interest in Shiba Inu has also caused it to lose its spot in the top cryptocurrencies list to Binance USD (BUSD) and Litecoin (LTC). This serves as a reminder that meme coins can be easily replaced at any time, highlighting their volatility and unpredictability.
Will SHIB go up?
The recent decline in Shiba Inu’s (SHIB) price has raised questions about whether the coin can go up anytime soon. There has been a spike in SHIB’s burn rate, which is a positive sign as it shows that there is still interest in the market for the coin. However, despite this positive news, the continued decline in price remains a cause for concern. While it is still too early to determine whether SHIB will go up, the recent burn rate suggests that there is still some optimism among investors. Nonetheless, whether this optimism will translate into a sustained upward trend in SHIB’s price remains to be seen.
The Avorak AI (AVRK) ICO event
Avorak AI has been trending since its initial coin offering (ICO) started in March. There have been constant analyses of the project, with experts suggesting the project has the potential for 100x.
The Avorak project approaches AI and blockchain synergy a bit differently. Rather than leaving development and deployment to users, Avorak AI offers a wide range of AI solutions within its ecosystem. Avorak’s solutions include chatbots, image creators, text-generators, image and video editors, virtual assistants, and more. Users don’t need any technical expertise as the platform and its solutions are easy-to-use and designed with non-tech-savvy and non-power users in mind. For example, Avorak’s trading bot uses a command-line input input that doesn’t require codes. The AI trading bot can also find and execute the best trades on different exchanges and asset classes. Avorak Trade additionally provides price predictions, indicators, and alerts when patterns or trends change in the market.
The Avorak (AVRK) token provides access to the Avorak ecosystem and its AI solutions. Avorak’s ICO event started with the AVRK token selling at $0.060. However, AVRK has witnessed a 291.67% increase, selling at $0.235 in phase 6. The previous phase (5) sold out amid the Pepe Coin craze, with analysts suggesting AVRK for those who missed the meme coin’s spike.
More investors have been joining the Avorak ICO event to get the benefits it offers. With a launch price of $1, investors see potential profits even before the token hits the open market. Additionally, the ICO has a sliding scale of toke bonuses and is currently at 5%. Other Avorak ICO benefits include priority staking and access to closed beta products.
For more information on Avorak AI:
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.
