Avorak AI (AVRK) and Dogecoin (DOGE) have recently garnered significant interest from smart money investors. The accumulation of these cryptocurrencies has raised questions about the reasons behind their actions.
Is Dogecoin going up soon?
For over a week, the Dogecoin (DOGE) price struggled to surpass the $0.063 resistance level, creating a sense of ambiguity regarding its future trajectory. However, there is a glimmer of hope as DOGE has shown resilience by rebounding from the support trendline of a channel pattern. This rebound has reignited investor interest and increased accumulation pressure. Furthermore, the overall market sentiment displays signs of improvement, suggesting that Dogecoin’s recent breakthrough could begin a new bullish trend. However, the crypto market is highly unpredictable, and Dogecoin’s price is subject to significant volatility. Therefore, it is essential to continue monitoring the market to assess its ongoing developments.
Avorak AI: Millions in investments, could it be the next 100X?
Avorak AI has gained significant investments from large-scale players, as evidenced by numerous OTC deals throughout its initial coin offering (ICO). An investment from a private equity firm propelled the ICO’s previous phase by over 50%.
Avorak AI has captured investor attention because of its competitive advantages and potential for growth. The project is a first-mover, offering a comprehensive set of AI-driven solutions, including image creators, chatbots, text generators, trading bots, virtual assistants, blueprint drafters, security monitors, and more.
Despite being in ICO, some of Avorak’s AI products have made a significant impression in the market. For example, the Avorak AI image creator, which uses a pure language-to-art process, has been utilized to create NFTs. And apart from their aesthetic quality, Avorak AI NFTs also offer actual utility benefits to owners. The Avorak Trade bot has also provided price predictions that match reputable analysts. The bot has also received acknowledgment for its non-code-based command-line input and ability to automate trades on multiple exchanges and asset classes.
The Avorak AI ecosystem is powered by the AVRK token, which serves as credit for accessing its solutions. AVRK holders are entitled to a 49% share of Avorak AI’s profits. Users can also gain additional profits by staking or trading AVRK.
The Avorak AI ICO has seen AVRK’s price rise by 350%, currently selling at $0.27 in the last phase. Investors still expect a significant investment increase as AVRK launches at $1. Many analysts have reviewed the project, highlighting other significant benefits of the ICO. These analysts also hint at a great surge for Avorak AI (AVRK), suggesting 100X as a possible target.
Learn to follow the smart money
Smart money refers to the investments made by institutional investors, hedge funds, private equity firms, and individuals who possess significant market expertise and resources. Following smart money in the crypto market can be a valuable strategy for investors since, by studying their strategies and decisions, they can gain a deeper understanding of market dynamics and make more informed investment decisions. The process involves analyzing factors like large transactions, accumulation patterns, and shifts in portfolio allocations. Staying current on industry developments and technological advancements can also contribute to making informed decisions aligned with smart money.
For more information on Avorak AI:
Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
Photo by Michael Förtsch on Unsplash
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Source: thinkbitcoins