Trading Dogecoin (DOGE) can be highly profitable or lead to great losses due to its high volatility. However, with Avorak AI, traders can get help in navigating Dogecoin’s unpredictability, leading to more consistent profits.
Who created Dogecoin?
Dogecoin (DOGE) was created by Billy Markus and Jackson Palmer, two software engineers. Back in 2013, Markus, working for IBM, and Palmer in Adobe Systems Marketing Department, joined forces to develop a fun and lighthearted digital currency that would appeal to a broader audience. The name “Dogecoin” was derived from the popular internet DOGE meme which features a Shiba Inu dog and captions written in Comic Sans font. The meme coin gained significant recognition in the crypto community, and currently ranks among the top 10 cryptocurrencies by market cap.
Why is Dogecoin so volatile?
The volatility of Dogecoin (DOGE) can be attributed to several factors. Firstly, Dogecoin’s supply is not capped, resulting in an unlimited number of DOGE coins being produced. This, combined with the absence of a clear use case or intrinsic value, contributes to its high susceptibility to market speculation and price fluctuations. Additionally, Dogecoin’s value is mostly determined by its popularity. Therefore, the influence of social media and news also leads to its high fluctuations. For example, a single tweet or online mention from Elon Musk can trigger substantial price swings.
How can Avorak AI help?
Avorak AI has gained recognition in the cryptocurrency trading space because of its advanced solution, Avorak Trade. This AI trading solution is fitted with first-to-market features and enhancements to ensure that its users gain access to unparalleled advantages that allow them to be successful right away.
Avorak Trade, using AI algorithms, does a comprehensive market analysis, including news and social media sentiments, and identifies patterns and trends that affect the DOGE price. The AI trading bot then generates indicators and price predictions based on the analysis. Avorak Trade does the market analysis 24/7 without fatigue or boredom, escaping human limitations, and ensuring faster and more accurate results. Machine learning algorithms enable Avorak Trade to continuously adjust its indicators and predictions, providing better results every time.
Avorak’s AI trading bot also has integrated notification systems that alert traders whenever pattern or trend changes occur in the market, which is highly beneficial when trading the notoriously volatile Dogecoin (DOGE). Moreover, Avorak Trade can automate trades regardless of the exchange or asset class. This allows Dogecoin traders to benefit from fast and accurate trades, without limitations of emotional biases. Users don’t really have to be experts as Avorak Trade’s algorithms are specifically designed to find the best possible trades. Additionally, Avorak Trade uses a simple non-code-based command-line input for ease-of-use.
AVRK credits are required to use Avorak Trade’s services. Users can acquire AVRK at the discounted price of $0.27 in the last phase of Avorak’s initial coin offering (ICO), before its launch at $1. The ICO offers other benefits, such as AVRK bonuses and priority access to Avorak’s beta products and staking pools. Several analysts have suggested that AVRK’s price could surge after launch.
For more information on Avorak AI:
Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register
