The crypto market has seen a downturn since the SEC sued Binance and Coinbase, two of the largest cryptocurrency exchanges. However, as altcoins like Polygon (MATIC) and Solana (SOL) are getting delisted, Avorak (AVRK) is lining up more listings.
MATIC and SOL delisted
On the 5th and 6th of June, the U.S. Securities and Exchange Commission (SEC) filed lawsuits against crypto exchanges Binance and Coinbase, respectively. At least 10 cryptocurrencies were listed as securities by the SEC in these lawsuits, including Polygon’s MATIC and Solana’s SOL. This triggered a significant sell-off due to increased fear, uncertainty, and doubt (FUD) among investors and users. This FUD also spread across crypto-backing companies, with Robinhood, a crypto exchange, being the first to announce delisting for Cardano (ADA), Polygon (MATIC), and Solana (SOL) on June 27th. eToro, a popular social trading and multi-asset investment company announced that its US customers will no longer be able to open new positions in Polygon (MATIC), Algorand (ALGO), Decentraland (MANA), and Dash (DASH). Moreover, recent news suggests Bakkt, a digital asset platform based in New York, will delist three leading cryptocurrencies, including Solana (SOL) and Polygon (MATIC).
Avorak (AVRK): Growth amid crisis?
Avorak is an AI Crypto project in its initial coin offering (ICO). However, this project has gained significant worldwide recognition because of its innovative approach. This is the first project to offer a comprehensive and interactive AI using both text and voice-to-text user inputs on the blockchain. The Avorak platform will include text generators, image creators, chatbots, digital assistants, trading bots, security monitors, blueprint drafters, 3D modeling tools, and many other AI solutions.
Some of Avorak’s solutions have already shown immense capabilities. The Avorak Trade bot, for example, has provided accurate price predictions and insights. This AI trading bot, aside from generating indicators and price predictions, can automate trades across exchanges and asset classes and alert traders when market shifts occur. Avorak Trade is programmed with a simple non-code command-line script that ensures accessibility even to non-power users.
Avorak (AVRK) has secured listings even amidst the seemingly delisting trend. Four exchanges, including Coinsbit and LaToken, have already announced their listing plans. The Avorak AI team has also announced ongoing talks for more listings to provide enhanced support for its high launch price of $1.
The Avorak team has also made other significant steps to ensure a smooth launch and realization of the roadmap. ICO investors are currently engaged in beta testing, providing feedback to the team on areas for improvement to ensure efficiency in their systems and flagship products. The Avorak project has also been successfully audited by several auditing firms and systems, including SolidProof and CyberScope. Additionally, the Avorak team has held off on forming a company in the U.S. amid the regulatory uncertainty, which also indicates a commitment to safeguarding the interests of its investors.
AVRK has remained unaffected by the downturn, witnessing a 350% increase from its initial price and gaining more unique holders by the day. The Avorak ICO is in the last phase, selling AVRK at a discounted $0.27 and offering other benefits, such as a 3% bonus and priority when joining or exiting the project’s staking pools. Enthusiasts suggest that Avorak is destined for success and earlier investors have a chance to gain significant ROIs (Return on Investments).
For more information on Avorak AI:
Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register
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