Initial Coin Offerings (ICOs) are still considered by many venture capitalists (VCs) as the most profitable investment option, compared to buying digital tokens like Cardano or Polygon. VCs are aware of the potential returns on investment that ICOs can offer, leading them to continue investing in this asset class. 

What Is an ICO?

An Initial Coin Offering (ICO) involves the sale of newly issued digital tokens to investors in exchange for cryptocurrencies like Bitcoin or Ethereum. ICO is a type of fundraising method by cryptocurrency firms involving the creation and launch of a new cryptocurrency or token through crowdfunding. The ICO issuer creates a whitepaper detailing the new cryptocurrency’s concept, its benefits, the team behind the project, and the roadmap for development. In exchange for cryptocurrency, investors can invest in the ICO using cryptocurrency or traditional currencies. The ICO issuer sets a fundraising target and a time limit for meeting the target. If the project meets the target, the newly created digital currency is launched and released, becoming available for purchase on the open market. Successful ICOs like Avorak AI’s ICO can bring massive investment returns for investors and can help the project create a vibrant ecosystem around its newly launched digital asset. 

Cardano (ADA) and Polygon (MATIC) Vs. Avorak AI

Cardano and Polygon have experienced bullish momentum, with ADA up 10% and MATIC up 8% in the last seven days creating solid support regions. However, Cardano and Polygon share a common characteristic with digital tokens in the cryptocurrency market: volatility. The rapid fluctuations in the value of digital tokens can create significant risk exposure for investors, leading to cautious investment approaches.

While analysts consider Cardano’s scientific approach in Cardano price prediction, Polygon’s role as a scaling solution for Ethereum informs the Polygon price prediction. With ADA at $0.28 and MATIC at $0.64, Avorak algos predict neither will reach $1 this year with investors exploring AI crypto.

As investors weigh Polygon and Cardano, their attention is focused on the AI crypto gem, making waves in its ICO phase eight. Avorak AI could be the next 100x, going by the investors’ and analysts’ sentiments. 

Avorak AI 

Avorak AI is a comprehensive solution for blockchains and crypto traders, offering advanced bundled tools that simplify various aspects of crypto trading. Avorak deploys a one-stop solution of AI tools ncluding chatbots, image generators, writing, and virtual assistants among many AI solutions. Avorak Trade Bot executes analysis, monitoring, and price movements such as the Polygon price prediction.

Avorak is amidst a high-performing ICO in phase eight, with AVRK rising 350% to $0.27. Early Avorak ICO investors have gained from the on-top bonuses and value rise and participation in beta testing and priority staking. Many experts, analysts, and early investors regard the project as a small-cap gem likely to return 100x gains. The VCs rely on the premise of investing in the early stages of the ICO when pieces are still low and bonuses are high. AVRK expects to launch at $1, signifying a major milestone from the initial $0.06.

Avorak AI also thrives in content generation through Avorak AI. By utilizing advanced APIs and a pre-written language bank, Avorak Write produces error-free content that meets user-defined style. The tool addresses repetitions, incorrect information, and plagiarism.

Wrap Up

The recent boom in the digital token market fuelled by Bitcoin, highlights the potential for significant returns on investment in the cryptocurrency ecosystem, with ICOs remaining a profitable option for venture capitalists.

Learn more on Avorak AI and ICO here:
Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register

The post VCs know that ICOs are still the best way to make money vs. buying Cardano or Polygon appeared first on CoinChapter.

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Filed under: Bitcoin - @ June 28, 2023 7:00 am