Avorak AI (AVRK) is still getting increased investments despite the increased interest in meme coins like PEPE. So, why are meme coins trending again, and how has Avorak AI managed to capitalize on this recent pump?
Why are meme coins trending again?
Meme coins have been recently trending, owing largely to Pepe coin’s (PEPE) success. This success led to a surge in speculation on other low-cap tokens like DINO, CHAD, and WSB, causing gains of several hundred percent. The recent rise of meme coins sparked a deja vu of the meme coin market domination in 2021.
What is PEPE?
Pepe coin (PEPE) is a relatively new meme coin that was created to pay homage to the popular Pepe the Frog meme. The meme coin was launched on April 16, without any presale and promises of zero taxes, and quickly soared to a market capitalization of more than $1 billion in just three weeks. There is a maximum supply of 420.69 trillion, with over 90% sent to the liquidity pool.
The Pepe coin has no utility functions, and its website indicates that it has no expectations of financial gain. But despite this, PEPE already ranks among the top 100 cryptocurrencies by market cap and is now one of the most widely traded coins.
Will PEPE keep going up?
The rise of PEPE is attributed mainly to FOMO (Fear of Missing Out). The hype generated around PEPE attracted many investors, leading to a boost in its price. FOMO has been connected with the price spikes of other meme coins such as DOGE and SHIB. However, despite the surge, several concerns have been raised by experienced investors and analysts. These experts suggest that the coin’s lack of real-world utility and suspicious PEPE whale accounts could indicate another pump and dump.
However, while some meme coins may only experience short-lived hype, others have evolved into more serious projects. Therefore, it remains to be seen whether PEPE will continue to rise or suffer losses in the future.
Why Avorak AI (AVRK) is still gaining?
AI crypto is the latest trend in crypto in 2023, and according to several analyses, Avorak AI could lead this wave. The project has received worldwide recognition for its first-to-market strategy and affordability. The Avorak ecosystem has many solutions using text and voice-to-text input channels under one interactive AI. These AI solutions include chatbots, trading bots, image creators, security monitors, video and image editors, and more.
Avorak has included unique features in its solutions to assure users access to services they can’t find anywhere else. For example, rather than using codes to program its command-line trading bot, Avorak will use a simple, standard script. The Avorak bot can also automate trades on different exchanges and asset classes. It uses AI algorithms to find the best trades based on the overall market movements and its users’ strategies and preferences.
The Avorak (AVRK) token functions as credit for accessing Avorak’s solutions. AVRK has a max supply of 40 million, with 5% locked in Avorak’s staking pools, so its long-term investors can increase their total hold of the project’s market cap. Avorak’s initial coin offering (ICO) offers discounted prices for AVRK and other advantages, such as token bonuses.
Avorak’s ICO received significant interest and investments, raising over $2,100,000 and recently selling out phase 5. The ICO is in phase 6, selling AVRK at $0.235 and offering a 5% token bonus. AVRK has a launch price of $1 and can be traded on crypto exchanges once the project is launched. Crypto exchanges are already declaring plans to list Avorak (AVRK).
The bottom line
Meme coins like Pepe coin (PEPE) and Shiba Inu (SHIB) have provided significant returns to their earlier investors despite lacking real-world utility. Avorak’s competitive advantages have led to more investors moving to its ICO, anticipating significant surges when the project is launched and it’s token released to the open market.
For more information on Avorak AI:-
Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register