Meme coins have been all the rage in the crypto world in recent months. With the likes of Dogecoin and Big Eyes making headlines, many investors are now paying attention to these “joke” coins in hopes of striking it rich. But are meme coins really worth the investment?
On the one hand, meme coins have a certain appeal to them. They often have catchy names, amusing logos, and a strong community of passionate supporters about the coin’s success. This can create a sense of hype around the project, which can drive the price.
Two of the most popular meme coins right now are Big Eyes and Shiba Inu. Big Eyes, a pastel-coloured cat, is popular for its cuteness. The coin ever since has extended its ongoing presale.
On the other hand, Shiba Inu has been around for a bit longer. The coin was created as a joke based on the famous dog breed from japan and has since gained a significant following.
In fact, it is the 2nd largest meme coin after Dogecoin and one of the biggest cryptocurrencies on the market. However, Shiba Inu is going beyond its meme coin status and developing its own ecosystem called Shibarium, featuring its own swap and utility token BONE.
While meme coins may be getting all the attention right now, other crypto space projects are worth considering. One of these is Avorak AI, a decentralized artificial intelligence platform that rides the new wave of trending AI cryptocurrencies.
Avorak AI is currently in its ICO phase, with a very low total supply of 40 million AVRK tokens. Furthermore, the team behind the project has a strong background in AI engineering, machine learning, and blockchain.
One of the most exciting things about Avorak AI is its growth potential. The team has set a goal of reaching a market cap of $1 billion within the next two years. If they are successful, this could mean a massive return for early investors.
According to the project’s founders, the ICO and development of the powerful AI-based chatbots, image creation tools, and trading bots is on time and will be available exclusively to early investors soon.
Meme coins like Big Eyes and Shiba Inu may be getting all the attention right now, but investors looking elsewhere, especially with ICOs that seem to go on forever. Besides that, meme coins can be highly volatile, and their value is often based on hype and speculation.
For investors who are looking for a more stable and reliable investment, projects like Avorak AI may be worth considering.
Learn more here:
Website: https://avorak.ai
Whitepaper: https://avorak-labs-and-technology.gitbook.io/avorak-a.i-technical-whitepaper/
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