Avorak (AVRK) has gained widespread recognition in the crypto community. And with Solana (SOL) becoming more of a bargain amid the recent SEC allegations, crypto watchers suggest Avorak could greatly benefit from this movement.
The price of Solana (SOL) has experienced a significant downturn following the SEC’s mention of SOL as a security in lawsuits against major cryptocurrency exchanges Binance and Coinbase. Furthermore, Robinhood’s decision to discontinue support for SOL, effective from June 27, has added to the negative sentiment surrounding the token. On-chain data indicates that the delisting by Robinhood could affect the price of SOL for at least 3 weeks. The SOL price has plummeted by over 20% since the SEC case. And while some analysts speculate that whales may support SOL amidst the token’s delisting, most Solana price predictions remain bearish. This downward trend can be attributed to investors selling off their SOL holdings, opting for tokens currently outside the regulatory spotlight.
What is Avorak?
Avorak is an innovative project that combines artificial intelligence (AI) with blockchain technology. It offers comprehensive AI solutions that can be applied across various industries and fields, including data analytics, content creation, architecture, 3D modeling, device management, security, and online shopping.
Avorak has a first-to-market advantage, allowing it to establish itself ahead of potential competitors and provide users with tools for immediate success. One such tool is the Avorak AI trading bot, which can automate trades unlimited by exchanges or asset classes. The bot empowers traders and investors to make informed choices and stay ahead of market trends by providing carefully analyzed indicators, price predictions, and alerts to market changes. This unique offering positions Avorak to gain more investments as it fills a crucial gap in the market.
Avorak will conduct extensive alpha and beta testing throughout its development to ensure the quality and suitability of its products and services. The ongoing beta test involves ICO (initial coin offering) investors providing feedback and exploring user interface controls before the scheduled July launch. By prioritizing testing and user feedback, Avorak demonstrates its commitment to sustainability and delivering a user-friendly experience.
Access to Avorak’s AI services requires the AVRK token, which can be traded once the ICO concludes. Avorak has already secured listings on four crypto exchanges, with discussions underway for additional listings while still in ICO. This broad range of exchanges will create a substantial liquidity network, ensuring the AVRK token’s stability and supporting its launch price of $1. The AVRK token is selling at $0.255, with a 4% bonus and other benefits in phase 7 of the ICO.
The Avorak project has garnered positive reviews from many crypto analysts, with some expecting a 100x spike. Avorak has attracted even large-scale investors, such as a recent private equity firm investment which pushed the phase 7 progress to over 50%. Avorak’s attractive offerings and potential as a leading blockchain-AI platform position it for increased investments.