The Shiba Inu (SHIB) price has been a topic of discussion since Pepe coin (PEPE) came to the limelight. Analysts and investors have also been looking at the potential of Avorak (AVRK) doing 100x.
Shiba Inu price
The Shiba Inu price appears to be experiencing a difficult time despite the overall bullish rally in the current crypto market. As meme coins like Dogecoin (DOGE) soar, Shiba Inu’s contrarian trading has caused concern for investors. Moreover, the meme coin is seeing heightened competition with meme coins like PEPE. Pepe Coin (PEPE) is a new meme coin that has been trending recently, surpassing the $1 billion market capitalization mark just weeks after launch. Some experts suggest that Pepe coin might even overtake Shiba Inu as the second-largest meme coin by market cap, further leading to suspicions about SHIB’s price.
SHIB price prediction
SHIB is still struggling to reach the ATH (all-time high) it gained in 2021. There has been speculation that the price of $SHIB is set to drop by 50%. Despite its increase in trading volume, $SHIB has been underperforming in the current bullish market. SHIB has also been on an overall decline for the past 90 days. SHIB’s YTD (year-to-date) increase is also negligible compared to many other cryptocurrencies in the market. SHIB’s downtrend has caused Shiba Inu’s market cap to slide, indicating a possible downturn in the future. However, the cryptocurrency market is unpredictable, and Shiba Inu has had significant improvements in its ecosystem. Thus, SHIB could regain trust and maintain its position as a top meme coin.
Avorak AI (AVRK): The next 100X crypto
Avorak AI (AVRK) has been termed the leader of the AI crypto bull run, mainly because of its first-to-market approach to AI and blockchain synergy. Artificial Intelligence (AI) solutions are growing in demand, and Avorak has combined AI and crypto to offer a secure and efficient way of accessing a comprehensive set of fast, affordable, and easy-to-use AI solutions.
Avorak’s interactive AI “AVA” will encompass chatbots, security monitors, image creators and editors, trading bots, and so much more. AVA will have both text and voice-to-text user input systems. All of Avorak’s AI solutions have unique features aimed at enhancing user experiences and abilities. For example, The Avorak Trade bot uses a command-line input that is programmed with a simple, standard script instead of complex codes. The AI trading bot can also provide price predictions, trading indicators, and alerts when trends and patterns change in the market. Users can automate trades on different exchanges and asset classes using the Avorak Trade bot. The bot uses AI algorithms to identify and carry out the best trades.
The Avorak (AVRK) token serves as a payment for Avorak’s AI services. AVRK also performs several other utility functions within the network, such as guaranteeing access to a share of Avorak’s profits. There’s a maximum supply of 40 million AVRK, and Avorak AI has a burn program that ensures continuous deflation of the token. 5% of the total supply is locked in three Avorak staking pools to offer users a chance to increase their total hold of the project’s market cap. Several exchanges have announced plans to list Avorak (AVRK) when the project’s ICO (Initial coin offering) concludes. Avorak’s ICO recently sold out phase 5 and is selling AVRK at $0.235 with a 5% token bonus in phase 6. The ICO also offers other advantages, such as priority when entering or exiting Avorak’s staking pools and substantial returns by project launch day.
The bottom line
Avorak’s competitive advantages, coupled with the increasing hype around AI crypto, could see its value rise by 100x or more after launch. This is not impossible, seeing as meme coins like PEPE and SHIB have seen greater surges with a lot less to offer. Nonetheless, the crypto market is highly volatile, and investors should therefore do their due diligence before making any commitments.
To get more information on Avorak and its ICO:
Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register
