The success of AI Crypto Beta testers in shorting Fantom and Cardano highlights the power of artificial intelligence in gaining a competitive edge. With Avorak AI’s unique AI-powered tools, Cardano and Fantom traders analyzed market data, sentiment analysis, and technical indicators to gauge the sentiment surrounding these projects. Armed with this knowledge, they made informed decisions to enter short positions, betting on the decline in the value of these cryptocurrencies.
What Is Shorting?
Shorting, short selling, or taking a short position is a trading strategy where an investor profits from a decline in the price of an asset. Unlike traditional investing, where an investor buys an asset with the expectation that its value will increase, shorting involves borrowing an asset (typically from a broker or another investor) and selling it, intending to buy it back at a lower price in the future. Shorting is a trading strategy by traders who anticipate a decline in the value of an asset. It allows them to benefit from downward price movements and can be a way to generate profits in bearish markets.
Beta Testers’ Tool
FTM and ADA traders are among investors who thronged Avorak AI’s Beta testing of its advanced crypto trading solution, Avorak Trade Bot. Cryptocurrency trading success often stems from sharp market instincts, timely decision-making, and an understanding of emerging technologies. Avorak Trade Bot leverages advanced algorithms to help users identify profitable trading opportunities within the volatile crypto market. By predicting downward trends in these digital assets, they capitalized on the opportunity to make substantial profits using Avorak Trade for Fantom crypto and Cardano price prediction.
Fantom (FTM)
Fantom crypto has gained attention in the blockchain and cryptocurrency community for its scalability issues and efficient infrastructure for decentralized applications. It has seen increasing adoption in various sectors, powered by its native cryptocurrency, FTM. The Fantom price prediction notes a short to medium-term bearish trend.
Cardano (ADA)
Cardano (ADA) is a unique blockchain platform striving to provide a secure and scalable infrastructure for dApps and for the execution of smart contracts. Cardano price prediction notes a value drop emanating from SEC’s altcoins crackdown that implicated ADA as a security. As such, investors should keep updated with Cardano news on new developments as Cardano Foundation responds.
Avorak AI
Avorak (AVRK) is a blockchain-based AI solution deploying top-tier multi-utility tools for crypto traders, businesses, and entities across industries. Avorak’s advanced tools utilize algorithms to learn and deploy tailored solutions. Apart from its popular trade bot, Avorak provides chatbots and image and text generators. Avorak AI has made strides towards advancing the frontiers of natural language processing with its Avorak Write tool. Leveraging the pre-written language bank architecture, Avorak Write demonstrates remarkable capabilities in understanding and generating human-like text.
Avorak’s ICO in phase seven has seen a value increase by 325% to $0.255 and rewards holders with Beta testing access and priority staking. Many investors from across blockchains acquired AVRK to participate in the Beta testing and trade their respective assets. AVRK’S ICO sells fast, and analysts and YouTube enthusiasts have identified a record-breaking run, making Avorak a potential 100x gem. Avorak’s performance has had investors from troubled altcoins finding a haven in AVRK.
Wrap Up
The influx of investors across blockchains to Avorak Trade’s Beta testing and its successes stamp the authority of Avorak AI as the best AI crypto altcoin with comprehensive solutions.
More on Avorak AI here:
Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register
