Avalanche has been on the radar in the cryptocurrency market following its not-always-positive news surrounding Ava Labs. However, the potential of the self-dubbed ‘Ethereum-Killer’ Avalanche is enormous.
On the other hand, Avorak AI has also been making noise in the crypto space. Integrating the two could mean developing new innovations in the digital currency industry.
Latest Avalanche News
Avalanche is a well-known layer-1 blockchain that targets transaction efficiency by providing fast and reliable services. The chain is dedicated to solving various scalability issues and security challenges plaguing the industry’s blockchain networks.
As such, Avalanche was designed to be highly scalable and provide a higher transaction rate, processing up to 4,500 transactions per second (TPS). Its native token, AVAX, has been trending in CoinMarketCap, which has raised investor interest in the project.
However, AVAX has been facing issues with its price, but regardless, it still shows the momentum of retracing amid its new developments. The blockchain platform has also been facing issues in the market following a hit to a 4-month low. Furthermore, the Avalanche bridge to Ethereum recorded a 70% drop in transfer volume. This has led to increased concerns about the network’s general reliability.
What’s on Avorak News (AVRK cross-chain)?
Avorak (AVRK) cross-chain bridge could be an intriguing addition to Avalanche’s network. Avorak is a new AI platform that is developing highly sophisticated tools to ease cumbersome tasks and enhance human performance.
Among the features is Avorak Trade, which allows automated trades and reliable market insights that profit both investors and traders of crypto assets. It could also be used in trading AVAX tokens currently on the retrace trend, yielding traders’ automated and reliable profits.
Its interoperability is a unique trait that has made it acceptable among other blockchain networks, and Avalanche could greatly benefit from the advanced AI platform. It would provide a seamless experience for its users as they easily transfer digital assets across different blockchains.
Cross-chain integration is a significant addition that increases the demand for DeFi projects since there is a demand for interoperable platforms. The Avorak bridge would allow AVAX to interact with other blockchains, increase its usage, and boost its market value in the long run. It would also increase the number of tokens adopted across the globe through different blockchains.
The news around Avalanche is still shaky, but its trending status on CoinMarketCap makes it an interesting project to watch. The project is on a retrace pattern where its value is expected to increase, regardless of the recent price drops. However, Avorak AI could boost its value by a long shot since the AI platform is a unique project dedicated to providing interoperable, seamless transactions.