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Despite their current downside, Avorak AI has predicted a massive reversal for Cardano (ADA) and Shiba Inu (SHIB).
What is Avorak AI?
Avorak AI is an AI platform running on the BNB Smart Chain. The platform hosts a diverse set of AI solutions designed to make life easier, whether in business or individual endeavors. The native token of the ecosystem, AVRK, serves as credit for accessing these AI-driven services, and can be staked or traded.
The Avorak project is in its initial coin offering (ICO), which is slowly coming to an end. The ICO is in phase 7 out of 8, selling the AVRK token at $0.255. This is a 325% increase from its phase 1 price, and analysts anticipate a massive surge past its launch price of $1. Avorak AI offers several benefits to its early adopters to ensure a strong community foundation. These include, token and NFT bonuses of up to 400%, preferential access to its staking pools, and first-hand access to beta products.
How can Avorak AI predict future prices?
Avorak has a proprietary AI trading bot known as Avorak Trade. The bot uses AI algorithms to do a full market analysis, including news and social media sentiment, and note patterns and trends. Avorak Trade does this 24/7 without boredom or fatigue, ensuring fast and accurate results.
Avorak Trade then curates price predictions from meticulously analyzed indicators. The Machine Learning algorithms enable it to adjust to the constantly changing crypto market. The Avorak Trade bot can also automate trades across exchanges and asset classes on behalf of users. Avorak has developed a unique non-code command-line input to ensure accessibility and ease-of-use.
Is Cardano a security?
Recent legal actions by the Securities and Exchange Commission (SEC) have raised the question of whether Cardano (ADA) should be regarded as a security. Following the SEC’s lawsuit against major cryptocurrency exchange Binance, the regulatory body recently took legal action against Coinbase. The SEC claims that Coinbase operated as an unregistered broker and sold unregistered securities, including the Cardano (ADA) token. It argues that ADA holders, even those who acquired the token after March 2021, were led to perceive it as an investment in the Cardano Foundation, IOHK, and Emurgo, with expectations of future profits from the platform’s development.
The Cardano (ADA) price was adversely affected, declining significantly minutes after the news. However, amidst this debate, there is a glimmer of hope as senior House Republicans in the U.S. Congress have proposed a new crypto bill. This bill aims to provide direction on how a digital token can move from being a security to a commodity by clearly defining when a project is sufficiently decentralized to no longer qualify its tokens as investment contracts, addressing a long-standing tension for crypto projects in the United States.
Does Shiba Inu Have Utility?
Critics argue that Shiba Inu (SHIB) lacks substantial utility beyond its speculative nature and popularity. They contend that its primary appeal lies in its meme status and the potential for quick gains. On the other hand, supporters of Shiba Inu led by the ShibArmy, suggest that the project’s efforts should not go unnoticed. They highlight initiatives, such as the ShibaSwap decentralized exchange and the upcoming Shibarium L2 (Layer-2) blockchain. Nevertheless, the extent of Shiba Inu’s utility and long-term sustainability is still subject to debate.
Conclusion
Despite the volatility and unpredictability of the cryptocurrency market, Avorak AI can help traders and investors stay ahead of the market curve and earn substantial and consistent profits. And while a massive reversal for Cardano (ADA) and Shiba Inu (SHIB) might be on the horizon, it is essential to DYOR first before making any commitments.
For more information on Avorak AI:
Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register
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