Cardano and XRP have surged in recent times. These two projects have made headlines as fear of missing out (FOMO) creeps retail investors. Cardano is a smart contracting platform developed by Charles Hoskinson, a co-founder of Ethereum. On the other hand, XRP is the native virtual currency of Ripple. XRP was created by Ripple Labs in 2011 under the leadership of Jed McCaleb and Chris Larsen. At the same time, these two projects storm news publishers, huge investors, and whales are slowly buying into Avorak during its ICO.
Cardano and XRP Experience a Price Surge
ADA and XRP have exponentially risen in value alongside other crypto projects. The uniform price increase witnessed on these two projects has been credited to the surge of Bitcoin, which acts as the leading indicator of the entire crypto market.
Cardano declined significantly under the mercy of the bear market in June 2022, losing almost 30% of its value. XRP, on the other hand, has been facing an endless legal battle against the SEC, a lawsuit that has greatly undermined the project’s growth for years. SEC accuses Ripple of issuing XRP as a security without declaring that the asset fell on these grounds.
XRP and Cardano have active ledgers that provide better platforms than Bitcoin and Ethereum despite falling behind the two. Cardano and XRP blockchains house faster transaction speeds and cheaper gas fees, and the networks are more scalable than Ethereum and Bitcoin. While retail investors focus on these two projects, whales are buying AVRK tokens, Avorak AI’s native utility token.
Avorak Gains Popularity among Whales
Whales are responsible for moving the markets due to their enormous market participation. They usually purchase or sell a crypto project’s currency causing massive fluctuations in the market due to the increased volumes and imbalances in the markets.
Recently, whales have been closely monitoring AI crypto, and one project significantly stands out from the rest. Vorak AI is an upcoming crypto project that capitalizes on artificial intelligence to develop solutions for common challenges experienced in the digital ecosphere.
The project is currently on presale, selling every AVRK token for $0.27. The project is working on several tools, including an AI-powered trading tool that solves many trading problems. The tool is called Avorak Trade and is designed by Avorak devs to assist traders in making sound decisions when caught up in a trading dilemma. Avorak Trade will improve the profitability of trades through strategically refined entries generated by automated indicators powered by AI.
Moreover, Avorak AI also has a text-to-image tool that will work on developing and curating images from simple texts prompted by users. This feature currently exists. However, most tools offering this service use internet scrapers that typically plagiarize existing images online.
Avorak’s tool has inbuilt self-learning algorithms that will allow the platform to curate unique photos that are not subject to plagiarism from already existing internet images. In the future, users can take advantage of this feature to create amazing images that can be minted on various networks like Cardano as non-fungible tokens.
Avorak’s AVRK tokens have a maximum supply of 40 million tickets. Twenty-eight million of these are currently being distributed to users at discounted rates. Moreover, the Avorak team has initiated a 3% bonus for all purchases made during phase 8, which is the current ICO phase. Furthermore, all purchases above $250 will be subject to more giveaways from the ICO-selected token allocation batch.
Learn more about Avorak AI on:
Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register
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