With the recent decline in most cryptocurrencies’ value, many people wonder if crypto is dead. The short answer is no. Cryptocurrency may have lost some hype, but it’s far from dead. We’ll explore the reasons why top altcoins won’t make you rich and what you should do instead.
While Bitcoin was the first and most well-known cryptocurrency created by Satoshi Nakamoto, thousands of altcoins appeared out of nowhere and are available to investors. However, the top altcoins are not always the best choice, and many won’t make you rich.
The top echelon of altcoins is often simply overhyped, and the upside is limited. This can easily create a bubble that eventually bursts, leaving investors with losses instead of profits.
On the other hand, they often lack real-world use cases, or their utilities or advantage vanish with an ever-evolving market. This might be the case for all the altcoins that aimed to solve Ethereum’s scalability issues and high gas fees, as the Ethereum Merge eliminated these pain points.
If top alts won’t make you rich, what should you do instead? One option is to invest in up-and-coming industries or niches, such as AI cryptos. Avorak AI, for instance, is currently in its ICO and offers a huge upside for early investors.
Avorak AI is a unique AI crypto that uses machine learning to analyze market trends, news, and prices to offer automated trading bots and signals. The project and its team have already raised more than $750,000 and signed a centralized exchange (CEX) listing with Azbit.
Interestingly, early backers can receive up to 33% bonus tokens, which adds massively to the upside potential.
In conclusion, while the hype around cryptocurrency may have died down, it’s far from dead. However, investing in top alts is unlikely to make you rich. Instead, consider investing in AI crypto, such as Avorak AI.
If you want to learn more about AI crypto and how it can help you automate your trading, visit the Avorak AI website today.
Learn more here:
Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register
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