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Avorak AI delivered very well to ICO phase two after the successful presale of phase one. Crypto News puts the raised figure close to $200,000. Between March 11 and March 23, Avorak AI will see its token, AVRK at $0.105 in phase 2, representing a 75% increase in price. What does this mean for the Shiba Inu community? Let’s explore.
Avorak AI (AVRK)
Avorak AI deploy various services and solutions through its broad product bundle under one interactive AI. This cohesive system integrates all products and provides users with a seamless and consistent experience. The Avorak AI user input system understands the user’s natural language input, thanks to natural language processing technology. This allows computers to analyze, understand and generate human language. With a text or voice-to-text input system, users can interact with Avorak’s AI in a more natural and intuitive way, resulting in a better user experience.
Since launching its ICO, Avorak has been making headlines from crypto news to Twitter And YouTube for receiving positive appreciation from crypto enthusiasts like Crypto Bape. With a 9% on-top bonus and votes CyberScope audited platform, Avorak attracted more investors in the second phase of its ICO.
The Avorak blockchain-based AI platform is powered by AVRK tokens strives to create a decentralized platform that combines blockchain technology, machine learning and natural language processing to achieve security and efficiency.
Shiba Inu (SHIB)
SHIB amassed a large pool of investors in its early stages, generating high demand which boosted its value. The Shiba Inu community actively promotes SHIB as a means of payment, and as more traders adopt it, the demand for it increases, leading to an increase in its price. However, the hype surrounding SHIB recently took a nosedive as crypto news reports bearish SHIB prices. The downward trend in SHIB prices follows the launch of Shibaswap, a decentralized exchange (DEX) that allows users to trade SHIB and other cryptocurrencies. Analysts attribute the downtrend to the speculative nature of meme coins that rely on social media influencers and community support. As a result, SHIB values can be highly volatile, and some investors are cautious.
Memes Vs. AI crypto
AI crypto offers a variety of use cases, such as supply chain optimization, decentralized finance, trading bots, AI image generators and smart cities. This practical application of AI technology offers investors long-term growth and value. Utility-based crypto AI platforms like Avorak AI are designed to provide practical applications of AI technologies, making them more attractive to investors looking for long-term value.
Meme-based virtual currencies like SHIB are largely driven by hype and speculation, and their value can fluctuate wildly. As a result, investors are becoming more careful with evaluating their investment strategy before investing in it.
Crypto AI describes the growing interest in leveraging AI technology to solve real world problems and create real value. Hence, investors are shifting their focus to utility-based crypto AI, away from meme-based virtual currencies like Shiba Inu.
Conclusion
Recent crypto news shows a shift in investor focus towards utility-based crypto AI, away from meme-based virtual currencies like Shiba Inu. The shift to new blockchain-based AI platforms, such as Avorak AI, is gaining traction as interest in leveraging AI technology to solve real-world problems increases.
More about Avorak AI:
Website: https://avorak.ai
White paper: https://avorak-labs-and-technology.gitbook.io/avorak-ai-technical-whitepaper/
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any project. Read the full disclosure here.
Photo by Austin Distel on Unsplash
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