Cardano (ADA) and Solana (SOL) have emerged as prominent contenders in the crypto space, capturing the attention of investors and enthusiasts alike. Despite facing challenges, especially in June, recent insights from Avorak AI suggest a potential resurgence for these blockchain platforms.
Cardano News
Cardano’s dominance has been steadily rising as the broader cryptocurrency market experiences a rally. Industry analysts predict that if this upward trend persists, ADA’s dominance could soon surpass the significant threshold of 1%. Dominance in crypto is the percentage one cryptocurrency holds in the total crypto market capitalization. The surging dominance of ADA indicates an increase in investor interest and confidence in Cardano. ADA has also witnessed a significant 20% price increase, accompanied by a significant increase in trading volume. Notably, ADA has passed the 21 Exponential Moving Average (EMA), an indicator traders use to identify short-term price trends and potential support or resistance levels.
Solana News
Solana (SOL) has also joined the upward trend among altcoins, showing resilience and recovering from its losses over the past week. One of the catalysts for this recent price surge is a report from Messari, a crypto analytics service provider, highlighting the NFT capabilities of Solana. The report noted a doubling in daily NFT transactions on Solana over the past month. And despite competition from platforms like OpenSea, Solana boasts some of the most robust NFT trading marketplaces. Solana remains at the forefront of innovation, with its active developer community working on addressing its outage issues, which could lead to an increase in active addresses and a potentially continued bullish trend.
What is Avorak AI?
Avorak AI is an Artificial Intelligence (AI) platform on the Binance Smart Chain (BSC). The project started its initial coin offering (ICO) on 1st March and has been gaining attention and massive investments since then.
Avorak AI has a unique value proposition, offering a long list of AI-driven solutions on one platform. The platform has chatbots, virtual assistants, trading bots, blueprint drafters, image creators, text generators, and more.
The Avorak Trade bot has especially garnered the attention of traders and investors. This trading bot’s advanced AI algorithms enable it to recognize patterns in large market data sets without needing explicit instructions and breaks. This makes the bot able to identify trends faster than humans ever could, making it ideal for predicting outcomes based on past events or making predictions about future events. The bot, aside from price predictions, generates large sets of useful indicators and alerts users when changes in market patterns or trends occur. Avorak Trade can also automate trades regardless of the exchange or asset class. Moreover, the AI trading bot is programmed with a novel non-code-based command-line input.
The native utility token of the Avorak AI platform, AVRK, serves as credit for accessing its services. AVRK can be traded or staked, with its holders getting a portion of Avorak AI’s profits. AVRK is currently selling at $0.27 with a 3% bonus and other benefits in phase 8 of the project’s ICO. This phase offers users the last chance to get AVRK before its launch at $1. Notably, a number of analysts believe AVRK could surge significantly not long after launch.
For more information on Avorak AI and the ICO:
Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register
