The cryptocurrency market is volatile, and investors need to keep an eye on the price fluctuations of their favorite cryptocurrencies. Two of the most popular cryptocurrencies, Polkadot and Avalanche, have been outperformed by the Avorak AI ICO, which jumped 75% entering phase two. In this article, we will discuss Polkadot and Avalanche’s price history, Avorak AI”s price prediction, and our final thoughts on the matter.
Polkadot (DOT) Price History
Polkadot is a blockchain platform that aims to create a decentralized internet. It was founded by Gavin Wood, who was also one of the co-founders of Ethereum. Polkadot was launched in 2020 and quickly garnered the attention of cryptocurrency enthusiasts and experts.
Polkadot (DOT) is currently the 12th biggest cryptocurrency and has been volatile since its launch. In August 2020, the price of DOT was around $2.50. However, the price increased rapidly; by November 2021, it had reached an all-time high of $55. However, the price is since decreased steadily and currently trading in a channel between $5.50 and $7.50.
Analysts see Polkadot climbing back to the $50 mark by early 2024 and potentially surpassing it in 2025 with a target of $62.29.
Avalanche (AVAX) Price History
Avalanche is a blockchain platform that aims to provide fast and secure transactions. It was launched in 2020 as a competitor to Ethereum. However, ever since the start of the bear market in 2021, AVAX has gained a bad reputation for financing lawsuits to harm competing projects.
In February 2021, the price of Avalanche climbed to almost $55 and reached its all-time high of $146.22 by November 2021. Since the start of the bear market, including several black swan events, the price has come down to just below $16.
Analysts expect AVAX to recover during 2023 and 2024, with a price target of at least $39.25 and $118.87 in the best-case scenario.
Avorak AI ICO – Price Prediction
Avorak AI is an artificial intelligence platform that aims to provide advanced analytics for the cryptocurrency market with automated trading bots, chatbots, and content creation modules. AVRK, the native token, is available during the ongoing ICO at a price of $0.105 with steep bonuses of 9% or more.
According to industry experts, Avorak AI can potentially revolutionize the cryptocurrency market as a first-mover on the Binance Smart Chain. It will be able to offer its users high-end AI tools like ChatGPT or Midjoruney at a fraction of the cost.
With this added value for the consumer in mind, analysts expect to see Avorak AI launch at a price of $0.27 (+157% compared to the current price) and trading shortly after between $2.50 and $2.70 (+900-1000% compared to the current price) on PancakeSwap and other centralized exchanges like Huobi, LBank or Bitmart.
Final Thoughts
In summary, the cryptocurrency market is highly volatile, and investors must keep an eye on the price fluctuations of their favorite cryptocurrencies. Polkadot and Avalanche are good choices for every portfolio, but the ICO of Avorak AI offers the most potential.
Learn more here:Website: https://avorak.ai
Whitepaper: https://avorak-labs-and-technology.gitbook.io/avorak-a.i-technical-whitepaper/
