SOL And MATIC Suffer As AVRK Looks Set To 2X On Launch

The price movements of Solana (SOL) and Polygon (MATIC) have created fear, uncertainty, and doubt among investors. However, an AI cryptocurrency known as Avorak (AVRK) is garnering attention since it’s towards the end of its initial coin offering (ICO) and analysts predict it could experience more than a 2X increase in price shortly after its launch.

SOL and MATIC price

There has been a massive decline in the prices of Solana and Polygon, mainly attributed to a lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Coinbase. The SEC classified 13 cryptocurrencies, including SOL and MATIC, as securities in this lawsuit. This led many to sell off their holdings.

To exacerbate the situation, Robinhood, another reputable crypto exchange, announced that it would no longer support MATIC and SOL from June 27. This news further intensified the sell-off, causing a continued decline in their prices. Analysts believe the effects of this delisting could have a lasting impact on the value of these cryptocurrencies and that other crypto exchanges could follow suit to avoid wrangles with the SEC.

AVRK’s 2X after launch

In contrast to the declining trend of SOL and MATIC, Avorak (AVRK) is generating considerable buzz as it approaches its launch. Avorak is a blockchain-powered AI project that aims to revolutionize various industries by providing AI-driven solutions. Its platform offers an extensive set of tools and services, including virtual assistants, data analysis, chatbots, command-line trading, image and text creators, 3D modelling, and automated video editors.

The project has emphasized the uniqueness of its solutions. For example, unlike many trading bots and APIs, the Avorak Trade bot can automate trades on multiple exchanges and assets. Avorak’s trading bot enables its users to make informed decisions by providing price predictions, indicators, and alerts to changes in the market. Additionally, the bot doesn’t require coding knowledge as it uses a non-code-based command-line input. 

Avorak possesses all the qualities of a potentially successful project in ICO. It has a reputable development team with a well-defined roadmap. The team recently launched an NFT collection and is currently conducting beta tests, showing the actualization of the roadmap and imminent launch. The team has emphasized their commitment to community engagement and transparency by including them in the beta testing. Avorak also has strong tokenomics. The AVRK token is the primary medium of exchange in the Avorak ecosystem, providing access to its AI solutions and serving other utility functions. AVRK is deflationary with a capped supply of 40 million. The AVRK token can be traded or staked, and Avorak has a revenue feedback system to incentivize its holders. 

Additionally, Avorak is building a solid and supportive community foundation with the benefits it offers ICO participants. These investors get AVRK at discounted prices, priority access to beta products and staking pools, token bonuses, and significant returns on launch day with its amended launch price of $1. AVRK has increased by 325%, secured listings on several exchanges, and investors are still joining the ICO, indicating interest and confidence in the Avorak project. 

Some analysts had predicted a 100X for AVRK even in the early ICO phases. With the continued optimism surrounding this project, doubling its launch price seems easily achievable. Nonetheless, it is essential to DYOR (Do your own research).

For more information on Avorak AI and its ICO:

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