The recent surge in new meme coins, including PEPE, has raised concerns about the sustainability and longevity of old meme coins. While the hype and popularity of these coins may attract short-term investors, the lack of real-world use cases may end with substantial losses. However, Avorak AI depicts AI-blockchain technology’s true potential through real-world use cases that will outshine meme coins.
What Are Meme Coins?
Meme coins such as Doge, Pepe, and Shiba Inu are cryptocurrencies inspired by popular themes. These tokens often gain popularity through viral internet memes driven by influencers and social media hype, attracting investors seeking a quick profit and some excitement. Unlike blue chip cryptocurrencies like Bitcoin, meme coins lack real-world use cases and lack substantial value through their underlying technology. Instead, the top meme coins are driven by community sentiment, speculation, and hype. Meme coins gain attention due to high-profile endorsements from celebrities and social media influencers. However, their fast-rising popularity fizzles fast leaving investors wary of their volatile nature and lack of real-world applications.
Top meme coins like Dogecoin, have gained significant market capitalization. They survive via high-profile supporters like Elon Musk and have a somewhat established reputation and community. However, Elon Musk no longer wields the influence he had in 2021.
New meme coins appeared on the market more recently and strive to work on the shortfalls of old meme coins. As such, they deploy more use cases. Examples of new meme coins include Shiba Inu, PEPE, Baby Dogecoin, and Dogelon Mars.
While top meme coins have established a following, new meme coins face greater uncertainty due to their recent inception and the lack of a proven track record. Despite this, new meme coins offer exciting opportunities for early investors who are willing to take the risk involved in investing in early-stage cryptocurrencies. In addition, they provide real utility.
Avorak AI
Enter AI crypto, exit meme coin. This statement heralds the dominance and imminent explosion of AI crypto, and Avorak AI is driving this facet. Avorak AI presents a comprehensive packaged solution to the crypto circles. The project leverages the capabilities of blockchain technology to create sustainable value for investors. Avorak AI aims to bridge the gap between blockchain technology and real-world use cases, a strategy deviating from meme coins’ hype. Avorak Trade bot helps simplify crypto trading for all users and is compatible with all crypto platforms. The tool surveys the market 24/7 and searches for signals and indicators for profitable trades.
Avorak’s native token, AVRK, is available at $0.235 in phase six of its ICO. This signifies a 291.67% value increase and excited ICO holders benefit from bonuses and staking rights after launch. Avorak expects to launch at $1 and lists on Azbit, PancakeSwap, Coinsbit, and LAToken on July 16.
Avorak Write introduces advanced, error-free, and original content. It improves on the current AI text generators through its advanced systems and a rich natural language bank.
Is PEPE Signifying the Last Meme Pump?
The meme coin surge suggests that the market is experiencing a bubble that will eventually burst. Meme coins’ lack of real-world use cases and large token supply will eventually be unsustainable. The popularity of Pepecoin and other similar cryptocurrencies may reflect the demographics surrounded by memes and social media increasingly getting involved in the crypto market. Ultimately, the trajectory of PEPE and meme coins, in general, may signify the last meme pump in the cryptocurrency market and a shift toward utility-based currencies.
Conclusion
While meme coins may experience temporary surges, real-world use cases, and sustainable value creation through Avorak AI will be the key drivers of long-term growth.
Read more about Avorak AI and ICO here:
Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register
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