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Dogecoin demonstrated how a simple joke can soar to higher heights and back in a flash. That’s the case with this dog-based meme whose Doge coin price is 90% below its all-time high of $0.74. Nevertheless, the cryptocurrency world generally crashed and is in recovery. Meanwhile, Avorak, an AI crypto, is gaining traction in its ICO as an investment vehicle.
Dogecoin (DOGE)
With a dedicated following, boosted by influencer factors, Dogecoin crashed into the blue-chip market in 2013, and the DOGE price surged but subsequently dropped. As a result, some investors have been questioning whether its future remains stable amidst the bear market in the crypto world. Investors looking to invest in the crypto market always seek guidance on the cryptocurrency that might offer the best potential returns.
Why Is DOGE Price Stagnating?
While Dogecoin was a popular choice in the past due to hype, the current market conditions point to alternatives with better investment opportunities. The current Doge coin price has stagnated with no convincing signs of complete recovery. Despite efforts to accelerate its rise through the Elon Musk factor, the DOGE price failed to spark. So why is DOGE stagnant? The bear market in the overall cryptocurrency market exposed Dogecoin’s price volatility and slowed investor activity. The 2022 crash made investors become more cautious when investing in the wave and hype characterizing meme coins. In addition, the coin’s lack of intrinsic value may have put off some investors, as evidenced by a section filing lawsuits against the Elon Musk factor.
Avorak AI (AVRK)
Avorak AI enters the crypto space with a diverse portfolio of AI tools packaged into an umbrella of simplified solutions. The tools ease human interaction with technology making users become smart traders. Avorak Trade is a crypto trading solution that relieves traders of constant market monitoring, which was unrealistic manually. The bot executes minute-by-minute market monitoring and eliminates the human aspects of fatigue and biased decisions. Avorak AI bots can handle voluminous data for accurate price movement signals.
Avorak’s surge in ICO is expected to continue toward launch at $1, and ICO holders will benefit more from bonuses and price gains currently focussed on 17x. The current phase six will run from May 10 to May 30. AVRK has risen 291.67% to $0.235, signifying a solid investment opportunity. Analysts and crypto enthusiasts like The House Of Crypto regard AVRK as an altcoin gem with a 100x potential.
Avorak AI has subjected its systems to two audits, which confirmed its transparency and secure infrastructure. On that note, Avorak AI will July 16, list on Azbit, PancakeSwap, LAToken, and Coinsbit exchanges.
In the content generation space, Avorak Write, with its natural language bank and machine learning technology, is revolutionizing the text generation parameters. Unlike most writing tools, Avorak Write can generate non-plagiarized and error-free content.
Conclusion
The macro market’s bearish situation is taking a toll on; the Doge coin price surge. Although DOGE has a faithful following, there is uncertainty regarding its long-term stability as an investment. Investors may want to consider other investment opportunities, such as Avorak AI with proven innovation and real utility.
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