Polygon (MATIC) Price Prediction. Avorak AI ICO Gains Traction Fast

Polygon (MATIC) Price Prediction. Avorak AI ICO Gains Traction Fast

The crypto markets are in decision mode currently, with a change in character being spotted and higher lows printing out over high timeframes.

Analysts are upgrading their price predictions for Polygon (MATIC) and Avorak (AVRK) based on this new sentiment.

Polygon (MATIC)

MATIC price has been one of the better performers over the past six months, bottoming out at $0.32 in June of last year, and has since spent a significant amount of time above the $1.00 mark. This strength has waned of late after topping out in February at $1.57 and pulling back around 30% from that point. The outlook is still bullish, though, with long-term projections averaging at $4.56 by the end of 2024 across 12 analyst predictions.

Avorak (AVRK)

Price predictions are harder for a cryptocurrency in its ICO stage, but a mutual consensus across analysts shows an extremely bullish bias toward Avorak’s AVRK token.

Analysis for AVRK price predictions comes from a different set of factors based on the use cases, expected uptake, tokenomics, and launching market cap.

Use-case: AVRK token is set to be used in the Avorak ecosystem of artificial intelligence products, set to benefit both retail and corporate customers. This ‘dual attack’ ideal of being relevant to both sectors allows for a much wider customer base. The AI products themselves will incorporate trading, creative tools, shopping, and check-out services, eventually moving into larger-scale products such as structural engineering blueprint drafting and a dedicated blockchain. The use cases are strong.

Launching market cap: With only 40 million tokens maximum supply, and an already planned launch price of $0.27, the $10.8 million full market cap is incredibly low for such an undertaking. It may take a year to get fully going, but it is likely this token could mark multiples as high as 100X in a relatively short time frame.

Tokenomics: As already mentioned, the maximum supply is 40 million AVRK. On top of this, the team will have a burn built into the payment routing contract. This means when people pay for Avorak services, a small percentage of that revenue is burning AVRK forever. This creates a deflationary model that is in line with revenue, meaning the more successful Avorak is, the faster AVRK is burned. This is wildly different from ‘taxed’ tokens that can only burn through trading volume and a much more sustainable model, in line with the BNB burn implemented by the Binance exchange.

Analysts’ average price prediction for AVRK is at $2.30 by the end of 2023 and $9.90 by the end of 2024 once the revenue model is in place and fully functioning.

Phase 1 of the AVRK ICO is coming to a close, so now would be the best time to buy before the price rises for phase 2.


Overall, both of these cryptos are strong buys right now, with AVRK looking set to outperform the market.

Want to learn more about Avorak AI?

Website: https://avorak.ai
Whitepaper: https://avorak-labs-and-technology.gitbook.io/avorak-a.i-technical-whitepaper/

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