2023-5-8 18:00 |
Meme coins have had their share of popularity over the years. However, analysts agree that their potential as long-term investments is low. Many suggest shifting focus to long-term holds like Cardano (ADA) and Avorak AI (AVRK) could be more profitable than meme coins.
Avorak AI: The best AI crypto to hold?Avorak AI is a suite of first-to-market AI solutions designed to streamline different processes through automation and enhancement of user abilities. These solutions include virtual assistants, chatbots, image and text generation tools, security monitors, and trading bots.
The Avorak Trade bot has already displayed its capabilities by getting a 72% average hit rate on spot leverage Bitcoin (BTC) trades and offering price predictions on various crypto assets while in development. The AI trading bot can automate trades on multiple exchanges and provide large sets of indicators to back up its price predictions. For its AI trade bot programming, Avorak is developing a command-line input that will use a standard script instead of codes. This ensures both novice and experienced traders enhance their trading in a secure, easy-to-use, and fun environment with AI-powered indicators.
Avorak Create and Avorak Write have captured the attention of content creators, businesses, and investors because of their advantages. Avorak Create uses a language-to-art process based on prebuilt and to-be-learned descriptors instead of image scraping. This ensures the unlimited output of images that align with every requirement of its user. One main issue with text-generating AI is repetition and plagiarism. However, Avorak Write generates unique, non-plagiarised, and proofread texts.
Avorak AI uses a token payment system for its AI services, providing users with a secure and efficient way of conducting transactions. AVRK will be the payment token, and it is currently selling at $0.210 in phase 5 of Avorak’s ICO event. Several crypto exchanges, such as Coinsbit, have announced plans to list AVRK, and thus it can be used for incentivized liquidity provision. Those investing for the long term may increase their percentage hold of AVRK through staking. Avorak AI is one of the most anticipated AI projects in the industry and could be the best AI crypto to hold because of its numerous offerings and competitive advantages.
What is Cardano?Cardano is a blockchain platform powered by ADA. It was launched in 2017 to enhance the functionality that Ethereum was initially missing. Cardano’s key strength is that it can scale without compromising decentralization, which most platform blockchains today have yet to achieve. Cardano’s development is committed to peer-reviewed scientific research supported by the Cardano Foundation and the IOHK research institute. Cardano is also highly energy-efficient, which is becoming increasingly important with the growing climate crisis.
Is Cardano a good investment?Cardano has gained popularity because of its ambitious roadmap and methodical approach to development. Cardano still has a lot of room for growth, with many significant milestones ahead. Analysts suggest that the price of ADA could continue to rise as the network improves and adoption increases. The strong community support, strategic partnerships, and global business applications of Cardano (ADA) add to its long-term investment potential. Cardano has been around longer than many crypto projects and ranks among the top 10 by market cap, demonstrating its stability and reliability. ADA is significantly below its ATH, and as the crypto market continues to recover, Cardano’s growth potential is expected to accelerate, making it an attractive long-term investment.
ConclusionBoth Avorak AI (AVRK) and Cardano have use cases and unique features that make them suitable for long-term holds. While analysts argue they could be profitable against meme coins, doing your own research before investing is important.
For more information on Avorak AI:
Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
Photo by Kanchanara on Unsplash
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