Avorak AI recently detected a significant retail investment capitulation in Polygon, Cardano, and Solana. This has sparked interest among altcoin investors and traders, raising questions about the reasons behind the market decline, potential implications for the future, and how Avorak AI can help.
Why are altcoins going down?
Altcoins, led by Cardano (ADA), Solana (SOL), and Polygon (MATIC), have experienced a significant decline in their trading values. The primary factor contributing to this downward trend is the U.S. Securities and Exchange Commission (SEC) classifying 13 altcoins as securities in a recent lawsuit against Coinbase. Additionally, the renowned cryptocurrency exchange, Robinhood, announced its plans to delist ADA, SOL, and MATIC. The regulatory scrutiny and potential delistings have created fear, uncertainty, and doubt (FUD) among investors and users, prompting many to offload their altcoin holdings, thus driving their prices down.
Can altcoins make a comeback?
Despite the setbacks faced by altcoins there is potential for them to make a comeback. With clearer regulations in the United States, the cryptocurrencies listed as securities can regain investor confidence and recover. The broader cryptocurrency market has also shown signs of resurgence, with analysts indicating that some altcoins not mentioned in the SEC lawsuit are performing quite well and attracting more investments.
Avorak AI: How can it help?
Avorak AI is an innovative project built on the BNB Smart Chain seeking to provide AI solutions that help businesses and individuals streamline their operations. One of its key products is the Avorak Trade bot, a fast, secure, and highly efficient first-to-market AI trading bot that can help traders and investors understand and profit from altcoins like ADA, SOL, and MATIC.
Avorak Trade does comprehensive market analysis without associated human limitations like boredom and fatigue. This enables it to provide faster and more accurate predictions regarding future prices of altcoins. Avorak Trade also equips users with a set of significant indicators and notifications whenever changes in market patterns or trends occur. This enables traders and investors to make well-informed decisions and stay ahead of market movements, maximizing profits and mitigating losses.
Avorak Trade has a unique API that enables traders to automate their strategies across exchanges and asset classes. Users can gain substantial profits even without advanced knowledge using Avorak Trade as its algorithms are designed to help them find the best trades. Additionally, the bot uses a command-line input programmed with a simple script like, “In my Kraken futures account, when SOL reaches $15, buy 10 SOL” or “In my KuCoin spot account, when ADA reaches $0.3, sell 20 ADA.”
To access Avorak Trade, users need the native utility token of the Avorak AI ecosystem, AVRK. Holding AVRK tokens grants users a share of Avorak’s profits. The AVRK tokens can also be used for incentivized liquidity provision on decentralized exchanges (DEXs) or staked in Avorak’s staking pools to increase hold of its market cap. 1 AVRK is selling at $0.255 in the 7th phase of Avorak’s initial coin offering (ICO). Investing in the ICO provides token bonuses, priority access to staking pools, and other benefits.
Notably, many experienced investors are flocking to the ICO and industry watchers suggest a surge past the launch price of $1. This means Avorak AI (AVRK) also offers a more compelling investment option amid the altcoin downturn.
For more information Avorak AI:
Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register
