AI Crypto Vs. Meme Coins-Which Trend is More Likely to Take off this Summer?

Artificial intelligence is quickly gaining insights into the blockchain industry compared to Meme coins. Meme coins came as a joke or internet sarcasm that quickly gained traction and went under the sink. However, artificial intelligence-powered cryptocurrency projects are the new wave that seeks to promote easier human working, and higher scalability, and users get to earn rewards while utilizing their AI services. For instance, Avorak Is an AI blockchain-based project that is imminent and has higher growth potential compared to the ongoing meme frenzy that has since fizzled out.

What are Meme Coins?

Meme coins are dubbed as a joke in the crypto industry as they develop information about memes or laughter. It can be considered to have developed via internet images, video, or even funny audio. These digital assets are distinct from the normal cryptos since their sole purpose Is achieved through sharing from one individual to another.  

Meme virtual assets are typically regarded as volatile and frequently uncapped, which is critical to developing a blockchain-based asset. Due to their trader-appealing nature, meme coins are traded on digital currency exchanges such as Binance or Coinbase.  

Additionally, such cryptocurrencies develop due to the spread they accumulate on the internet. Thanks to celebrities pushing the hype, such coins can appear in the ecosystem and capture the interests of venture capitalists and individual traders. Most of these people contain FOMO (fear of missing out) hence entering the market and causing higher volatility and risks.

What is AI crypto?

Artificial intelligence crypto is digital assets regarded to incorporate AI into their blockchain-based projects and environments. These decentralized finance societies have developed a new wave for blockchain-based devs to conduct research in machine learning and AI. Developers need the findings to develop a test for new algorithms, models, and applications to embed in the cryptocurrency industry.

Compared to standard virtual assets, AI crypto is associated with making predictions, studying market patterns, and executing automated trades, as well as the generation of premium trading APIs for participants looking for passive income in the trading arena.

The above procedures are enabled with ML and natural language processing.

Avorak the New Wave of AI Crypto

While talking about AI crypto, let’s not forget the imminent developing project Avorak. While still in its alpha period, Avorak has already created insights into the crypto industry since it integrates blockchain technology and artificial intelligence.  

The founders of the project Anthony Elsher, Ree Baek-Hyeon, and Amanda Giesbrecht, believe that AI is the new movement of crypto. The project has a sophisticated and inclusive roadmap indicating sustainable development. Solid Proof and CyberScope have also audited Avorak. AVRK is regarded as the native token of the digital asset ecosystem, with a maximum supply of 40 million tokens and a deflationary mechanism that long-term boosts its value.

Participants primarily based on a long-term duration are highly favored since 2 million (5 %) AVRK tokens have been set aside for the locked staking pools and staking rewards. There are three pools Diamond with a one-year lock and 1.56 million to reward the participants, platinum pool 6-month lock with 340k to reward users, and Gold pool locked for three months with 100 thousand tokens set aside for rewarding users. A deflationary mechanism also aims to prevent the project from having huge supplies and a drawdown of prices.

Bottom Line

Artificial intelligence is revolutionizing the DeFi industry so that there will be more transparency for users, scalability, and interoperability controlled with ML. Blockchain ecosystem participants must embrace the innovative changes as we are nearing the peak of crypto adoption. A good way is to commence with Avorak an imminent project that will conduct trades for you and other digital currency-related activities.

For more information on Avorak AI:

Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register