The inflationary mechanism of Dogecoin presents an endless challenge for investors and project developers. The annual supply increase of DOGE going to Dogecoin miners could lead to an oversupply scenario, which could significantly erode the DOGE price over time. As a result, many projects are now exploring alternative deflationary cryptocurrencies with more sustainable and stable investment opportunities, such as AVRK.
What Is Inflationary and Deflationary Cryptocurrency?
Cryptocurrencies that have an inflationary model see a steady and planned increase in their currency’s total supply over time. This supply growth is predetermined and set at a specified rate. Although the Dogecoin price can experience dramatic pumps in the short term, its long-term prospects are increasingly questionable as there is a high probability that the DOGE price will depreciate each year.
Deflationary cryptocurrencies can have either a fixed or variable maximum supply limit, restricting the total number of tokens created. In most cases, no more units can be generated once the supply limit is reached. Being a deflationary cryptocurrency, AVRK operates on an entirely different supply model, rewarding token holders while decreasing the token’s supply over time. This creates scarcity and, by extension, the potential for increased value over time. In addition, AVRK’s deflationary mechanics burn a percentage of each transaction, further decreasing its overall supply. These unique features make AVRK a more attractive investment option for investors concerned about Dogecoin’s inflationary model.
Dogecoin (DOGE)
Dogecoin’s popularity grew due to a passionate following and became one of the most well-known meme cryptocurrencies today. While Dogecoin’s long-term prospects are questionable due to its inflationary model, it remains a popular option for short-term speculative gains and casual use cases. However, the Dogecoin price has recently faced challenges with endless inflation, making it less attractive as a long-term investment. Despite Elon Musk’s obsession with Dogecoin’s inflationary nature, the issue has led some investors to seek alternatives that offer more sustainable and stable investment opportunities. One such option is Avorak AI’s AVRK, a deflationary cryptocurrency that has emerged as a potential haven for investors looking for a more reliable and profitable long-term investment option.
Avorak AI
Avorak, powered by its native token, AVRK, presents crypto trading and blockchain solutions that simplify human tasks. The Avorak Trade Bot helps in crypto trading, market analysis, predicting crypto prices, and relaying valuable indicators and insights to ease crypto traders’ tasks.
Avorak’s ICO, currently in phase eight ushers an increased AVRK value at $0.27, signifying a 350% rise. Many analysts have discovered Avorak AI’s hidden gem and are heavily investing in its prospects of 100x gains. As a result, the project has launched a bonus scheme featuring new AVRK purchases with a minimum qualifying amount of $250. Here’s the schedule:
$250 to $495 = 100% AVRK
$500 to $1,250 = 200% Bonus
$1,255 to $6,000 = 300%
$6005 to $10,250 = 400%
Those purchasing over $10,300 receive 625% AVRK bonuses.
Avorak AI also presents its writing assistant known for its error-free, quality content free from plagiarism issues. Avorak Write ensures the text is proofread and auto-corrected to avoid repetition or grammatical mistakes.
Wrap Up
Dogecoin’s dramatic short-term price movements and lack of utility present a significant investment challenge. Therefore, more stable, deflationary cryptocurrencies like AVRK will likely emerge as a more profitable and sustainable investment alternative in the cryptocurrency market.
More on Avorak AI here:
Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register
