Bitcoin has been at the top, establishing itself as the most popular cryptocurrency as it has captured the attention of value investors and governments. Regardless of people’s skepticism against Bitcoin, it has continued to thrive and dominate the market entirely.
Crypto regulations have hindered Bitcoin’s fast growth but have proven resilient, breaking an all-time high a few years back. However, Avorak is likely to thrive regardless of the regulation set on cryptocurrencies, as it employs unique protocols, and its wide use case makes it an attractive investment.
Events Around Bitcoin’s Price
Bitcoin is the first ever cryptocurrency created by Satoshi Nakamoto in 2009 as a decentralized network free from government control. Since its launch, as witnessed, BTC price, Bitcoin’s native token currency, has faced price fluctuations over the years but reached its all-time high in 2021. Crypto regulations are among the factors that have affected the rise and fall of BTC prices. However, unlike Bitcoin, other cryptocurrencies like the AI crypto Avorak show strengths in being free from impacts caused by crypto regulations.
What is Bitcoin Regulation?
Regulations surrounding Bitcoin are uncertain as regulatory bodies are still trying to determine whether to classify it as a commodity or currency. This has caused the creation and installation of a patchwork of regulations that limit Bitcoin’s financial powers that might be misused in the wrong hands, like to fund criminal activities.
Some regions, like China, have banned Bitcoin and cryptocurrencies. The entities responsible for these regulations include government institutions, including The Security and Exchange Commission (SEC). These regulations have affected BTC’s value and market trend, but the same can’t be said for Avorak, as crypto regulations barely impact the AI project.
Avorak’s Resilience to Crypto Regulations
Bitcoin’s decentralized nature and high value make it an unpredictable asset based on market volatility. BTC’s features are free from government authorities, making it a target of cybercrimes.
Unlike Bitcoin, Avorak AI is created to be more environmentally friendly and uses different protocols from Bitcoin. Avorak also provides a set of tools that can be used in making profits in the market, such as the Avorak Trade tool. This tool allows traders to employ technical AI analysis in generating market predictions and has automated trading features.
Avorak AI’s price is unaffected and on a steady uptrend during the tiered ICO despite the volatile market. Avorak’s extensive use case is the reason behind its growing popularity, as people easily access reliable AI technology daily.
Take Away
Bitcoin’s regulations have interfered with its market trend, but the same can’t be said for the Avorak AI project. Avorak has thrived and is expected to grow as it shows the potential to be a top crypto asset.
Get more info on Avorak on:
Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register
