While the news of MATIC and SOL’s decline may have created uncertainty among investors, analysts suggest it also presented an opportunity for altcoins like AVRK to make a strong entry into the market
Polygon (MATIC) and Solana (MATIC) price
Polygon (MATIC) and Solana (SOL) have had a significant price decline since June 6th, when the U.S Securities and Exchanges Commission (SEC) filed a lawsuit against Coinbase, a reputable cryptocurrency exchange. In this lawsuit, 13 cryptocurrencies were deemed securities by the SEC, including MATIC, SOL, ADA, and FIL. This caused increased FUD (fear, uncertainty, and doubt) in the crypto community, leading many investors to sell off their holdings. Additionally, Robinhood, a renowned crypto exchange, announced its termination of support for MATIC and SOL. This led to a further drop in their price, with analysts suggesting prolonged effects of this imminent delisting.
Avorak (AVRK): Exploding in 2023?
Avorak has been at the center of crypto news since its initial coin offering (ICO) started in 2023. It is an AI Crypto project seeking to help individuals and businesses enhance their operations through AI-driven solutions, such as virtual assistants, chatbots, trading bots, image and text creators, 3D modeling tools, video editors, and more.
Avorak is the pioneering comprehensive AI on the blockchain, and this first-to-market advantage allows it to get ahead of the potential competition. The project has also assured that its solutions stand out in the market. For example, Avorak Write, the platform’s text generator produces high-quality results that don’t include the plagiarism and repetition common with many text-generating AI. This is because Avorak Write uses a combination of technologies, including internet scraping, plagiarism-detection APIs, and a language bank.
Avorak has proven to have strong tokenomics, with its native token, AVRK, functioning as credit for accessing its services. AVRK holders benefit from Avorak’s profits and can increase their hold through its staking pools. AVRK has a max supply of 40 million, and Avorak has a burn program to ensure continuous deflation. The AVRK token has witnessed a 325% increase in price, and will continually increase to a launch price of $1.
Avorak has a reputable development team, committed to actualizing the project’s roadmap and expanding its provisions. Avorak is in its first beta test, allowing ICO participants to explore the platform and its features ahead of its July launch. The project has also launched a one-of-a-kind NFT collection, offering aesthetic quality and utility benefits. The Avorak AI community is increasing everyday, many of them eyeing the advantages that come with the ICO. These benefits include discounted AVRK prices, bonuses, priority in staking pools, and more. Notably, an investment from a private equity firm has propelled the progress of the second-to-last phase of ICO by more than 50%.
Avorak displays many signs of a successful project. Several crypto experts have predicted a surge of more than 100X after launch.
For more information on Avorak and its ICO:
Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register
