Dogecoin And The Fall Of Meme Coins, Why AI Crypto Projects Are Taking Over

The crypto world woke up one day to meme coins characterized by their humorous or satirical origins and popularized by Elon Musk and other influencers. Dogecoin is a prominent example of a meme coin that rode on the wave of its viral success. However, meme coins’ lack of intrinsic value and overreliance on hype makes them volatile. As the crypto market evolves and matures, the hype is fizzling, and the era of meme coins may be downtrend. As a result, investors are turning to real utility-based AI crypto projects like Avorak AI, which offers innovative solutions.

Dogecoin (DOGE)

Dogecoin entered the crypto space in 2013 as a joke representing a dog named “Doge,” an internet meme featuring a Shiba Inu dog. It became a serious contender in the cryptocurrency market despite its humorous origins due to backing from high-profile figures, including Tesla CEO Elon Musk, who frequently tweeted about it, and Snoop Dogg. However, in recent months, Dogecoin’s popularity has slowed, with DOGE struggling to find support. Unlike Bitcoin and Ethereum, which are being used by businesses and individuals for transactions and smart contracts, Dogecoin is mainly used for tipping on social media platforms like Reddit and Twitter. This lack of real-world utility put off some investors. In addition, the hype surrounding Dogecoin has died down, and some investors are suing Elon Musk for popularizing a coin with no intrinsic value.

Avorak AI

Avorak AI (AVRK) is an innovative solution changing how individuals, blockchains, and businesses operate through its comprehensive bundle of AI tools. Avorak’s suite includes Avorak Write, a user-friendly content creation tool that eliminates repetition and minimizes plagiarism. With Avorak Write, content creators, marketers, and bloggers can generate original, plagiarism-free content in various writing styles.

Avorak AI offers an investment opportunity through its ICO, currently in phase three. Its native token, AVRK token, goes at $0.145, rising from the initial stages by over 100%. Investors eagerly anticipate a projected 350% increase during launch at $0.27 and further growth after Avorak lists on the Azbit exchange.

Avorak is deploying its AI crypto trading bot, Avorak Trade, to the crypto world. Avorak’s trade bot employs machine learning to help crypto traders make accurate predictions by analyzing voluminous historical data. As such, users can easily interpret crypto charts and execute profitable trades. The trading bot’s 24-hour market monitoring of market trends enables users to execute prospective trades. Avorak trade bot’s powerful analytics can identify potential risks and opportunities in real-time, allowing for quick decisions.

Meme Coins Vs. AI Crypto

Meme coins are typically unbacked by real value or intrinsic assets. They often rely on social media hype and community support to rally their value. Their prices can be highly volatile, as evidenced by the price actions of Dogecoin, Shiba Inu, and Safemoon.

AI crypto utilizes artificial intelligence and machine learning algorithms to perform various functions, such as trading, data analysis, and fraud detection. The top AI crypto coins, like Avorak AI, SingularityNET, and Fetch.ai, are backed by advanced technology and solve real-world problems. 

AI Crypto Is Taking Over Cryptocurrency?

While meme coins were initially popular due to celebrity endorsements, the excitement has faded, and many investors have moved on to other cryptocurrencies with more potential for growth. AI crypto is gaining traction in the cryptocurrency market. Through artificial intelligence and machine learning algorithms, the top AI crypto coins like Avorak AI (AVRK) presents the potential to revolutionize the DeFi space.

Find more on Avorak AI here:

Website: https://avorak.ai

Buy AVRK: https://invest.avorak.ai/register