The crypto market is constantly experiencing volatility, with prices of many digital assets experiencing fluctuations frequently. Two notable developments have been observed in the industry; lately, the Ripple price action has outperformed the crypto market, and Avorak AI has continued to dominate the trending ICO rankings.
What is Ripple?
Ripple is a decentralized network for remittances, foreign exchange, and instantaneous gross settlements. Ripple’s technology aims to provide a more efficient and cost-effective way for financial institutions to process cross-border payments. The XRP coin is used to facilitate transactions on the Ripple network. However, Ripple has been embroiled in a legal battle with the U.S. Securities and Exchange Commission (SEC) since 2020, when the regulator sued the company, alleging that it had sold unregistered securities. The case has been closely watched by the cryptocurrency industry, as it has implications for the regulation of digital assets and the XRP price.
Recent Ripple Price action
Ripple news has been at the center of current crypto news, with the recent Ripple price action attracting investors and traders. The digital asset started forming bullish movements on Wednesday. This price increase comes after reports emerged that Ripple is well-placed to win its case against the SEC. However, despite the positive price action, XRP’s growth prospects remain uncertain until the lawsuit with the SEC is completely resolved.
What is Avorak AI?
Avorak AI is an ecosystem of AI technology running on the Binance Smart Chain. The goal of the AI crypto project is to reduce the amount of time spent on various human-led operations like content creation, trading, online shopping, and so much more. The Avorak ecosystem relies on the AVRK token for its functionality. It will be the currency used to subscribe to services and get credits from Avorak AI.
The Avorak Trade bot recently demonstrated its efficiency and potential. Several crypto specialists concurred with the AI trade bot’s price forecasts for various cryptocurrencies. Avorak’s ability to work on several exchanges, its secure APIs from AI and blockchain technologies, and its codeless programming has also made an outstanding impression.
The Avorak ICO event: Dominating trending ICO rankings
Avorak’s ICO has been trending even before it started. The AI crypto has been talked about by crypto analysts from all over the world, including Crypto Baby, AlienCrypto, and Meta Earn. Avorak has also been termed a 2023 AI crypto gem and featured in many crypto news outlets because of its potential and the unique advantages it offers to its users and ICO token holders.
Phase 1 of the ICO event started on 1st March and ended ten days later, with Avorak AI securing over $250,000 and achieving other major milestones. Avorak’s ICO uses a sliding scale of price increases, and token bonus decreases to benefit its earlier holders, with early AVRK buyers enjoying up to 350% increase in their investments on Avorak’s launch day. The AVRK token was going for $0.60, and investors got a 10% bonus on top in phase 1.
From 11th March, AVRK was selling at $0.105, offering earlier investors a 75% increase in their investments. Additionally, the bonus was reduced to 9%, giving phase 1 investors an upper hand. Avorak AI recently blazed through phase 2, leading to a 140% increase in AVRK’s price in just a matter of weeks. AVRK is currently selling at $0.145. The token on-top bonus at this stage is 8%.
Avorak is committed to rewarding its ICO contributors. Apart from the discounted prices and token bonuses, ICO investors get VIP access to Avorak’s AI training cycles and staking pools. By providing these and many other advantages, Avorak aims to develop a solid community of AVRK holders. The Avorak ICO event has been running smoothly and successfully all through March, dominating the trending ICO rankings.
Want to learn more about Avorak AI and its ICO?
Website: https://avorak.ai
Whitepaper: https://avorak-labs-and-technology.gitbook.io/avorak-a.i-technical-whitepaper/
