Ethereum

The Bitcoin Bull Market is Already back. Don’t Get Left Behind on Avorak

Like all other financial markets, cryptocurrency moves in cycles depending on the prevailing market sentiment. Usually, there are two market sentiments; the bull market, where bulls are in control, and the bear market, where the bears are in control. The bull market is characterized by a period of greed. In this cycle, greed prevails in the market, and buyers are more in control.

This sentiment is also associated with crypto projects making higher highs. The bear market is the inverse. It is associated with emotions such as panic and fear. Investors tend to pull money from the markets during these cycles, and as a result, crypto projects’ underlying value drops as crypto prices plunge to new lows. Here is how investors can capitalize on the incoming bull market through Avorak AI.

Bitcoin Signals a Bullish Run

The crypto market has been on a continuous bearish sentiment for some time. Bitcoin, a leading indicator for the bull and bear cycles in the cryptocurrency market, dropped to as low as $15,700 from an all-time high of $69k. The bear market was aggravated and reinforced by a series of crypto hacks that resulted in billions of dollars. Furthermore, the fall of FTX exerted a lot of pressure on centralized exchanges as regulators worldwide drove their attention to them. Regulators like the SEC are actively battling these entities intending to limit the growth of cryptocurrencies.

Besides many controversies initiated by regulators, Bitcoin has finally signaled a bullish run that has sparked a wave of hope among crypto-savvy investors. BTC prices surged continuously to raid the $30k resistance that has been holding for months. This bullish run has turned the entire crypto and NFT markets green as blockchain trackers record increased trading volumes in these two markets. Avorak AI stands out among the most promising projects this developing bull run could benefit from.

Avorak AI’s Growth Coincides with the Bull Market

Avorak AI is an emerging technology project that utilizes artificial intelligence alongside blockchain technology to come up with solutions both in and out of the crypto world. The project is currently in its Initial Coin Offering (ICO) stage, which perfectly coincides with an imminent bull market return that Bitcoin has depicted in the past few days. During this ICO phase 8, Avorak Labs offers its AVRK tokens at a discounted price. Each token sells for $0.27 with a 3% bonus on all purchases. Avorak is changing how crypto projects work through artificial intelligence. While most crypto projects work to improve the decentralized infrastructure around blockchain technology, Avorak looks to take this a notch further by developing applications that can be used outside the cryptographic world.

For instance, the Avorak team is working on an AI-powered tool called Avorak Trade. This tool will revolve around trading activities around financial markets. The tool will generate automated trading indicators for software charting tools like TradingView. These indicators will also help traders navigate financial markets like futures, stocks, and cryptocurrencies.

Avorak Labs has minted AVRK tokens with a maximum supply of 40 million tokens. Out of these, 70% has been allocated to this public ICO that has been going on for some time. 10% of the tokens have been preserved for centralized exchange listings. 6% has been set aside for initial liquidity provision. 5% will go to the platform’s staking pools. Another 5% will be handed out during the market, and finally, the remaining 4% will be preserved for the team behind Avorak Labs.