Meme coins stormed the cryptocurrency arena and executed a meteoric rise, with Dogecoin and Shiba Inu riding on social media buzz and celebrity endorsements. However, as the crypto landscape evolves, an intriguing question emerges: Do these meme coins have a lasting future, or will they eventually be overshadowed by the dominance of AI-driven cryptocurrencies such as Avorak AI?

Meme Coins Vs AI Crypto

Meme coins gained attention for their community-driven nature and viral appeal, capturing the attention of investors seeking quick gains. Dogecoin, born as a meme itself, has surged in popularity, while Shiba Inu has followed suit, both riding the wave of enthusiasm generated by their communities. Yet, the long-term viability and sustainability question of meme coins remain prevalent. Meme coins gained traction as they tap into social media and cultural phenomena, offering speculative investment opportunities. Their value can be dictated by online trends rather than fundamental principles. For example, Elon Musk has been advocating for DOGE on Twitter and once replaced its blue bird logo with a DOGE, and the effect was instant as Dogecoin price rose. However, true to its speculative nature, DOGE’s price was down 24 hours later. Meme coins lack intrinsic or real utility value. Enter AI-driven cryptocurrencies represented by projects like Avorak AI. 

AI crypto leverages artificial intelligence algorithms to unlock limitless potential. With the ability to analyze market trends, predict price movements, and adapt to changing circumstances, AI cryptos offer a different proposition altogether. Avorak AI, in particular, stands out as a leading player, harnessing the power of AI to deliver insights and potentially reshape the cryptocurrency market. Avorak Trade Bot harnesses cutting-edge technologies to provide sophisticated analysis and insights. Through machine learning and data analysis, these AI crypto algorithms aim to predict market movements and optimize investment strategies. The use of AI introduces a data-driven and adaptive approach that offers greater precision and profitability compared to meme coins.

Avorak AI (AVRK)

Avorak is a provider of AI solutions tailored to serve all levels of users regardless of their technical knowledge. These solutions simplify human tasks and automate complex processes. Avorak packages content writing tools in their portfolio. Avorak Write strives to address issues with existing tools. It produces error-free content meeting the user’s style and format.

Avorak’s investment opportunity lies in its high-flying ICO. Avorak’s value has risen 350% to $0.27 in phase eight and offers ICO holders 3% on-top bonuses. Avorak’s status has impressed many experts, analysts, and investors.

Will Shiba Inu Coin reach $1?

Shiba Inu Coin (SHIB) has garnered immense popularity since its launch, fueled by its viral nature on social media. Its market capitalization has grown significantly due to increased interest and speculation. However, it is iparamount to critically assess the sustainability of SHIB’s rise. While the rising price of SHIB indicates heightened interest in the Shiba Inu community, analysts are closely monitoring its long-term viability. At its current state, SHIB would need to increase its market capitalization by an incredibly huge sum of $589 trillion, an unrealistic target. Some propose reducing the supply of SHIB, currently at 589 trillion tokens, to address this challenge. However, executing such a colossal reduction is logistically problematic, as there is no effective mechanism for implementing this solution. Recently, the Shiba Inu community can now burn tokens under Shibarium’s burn mechanism. Although still in beta, it has witnessed increased usage.

Is Dogecoin dead?

Dogecoin may have experienced significant volatility throughout its existence, but it actively trade on exchanges. While it recently witnessed a surge in interest, it has not reached its all-time high and remains subject to fluctuations. Dogecoin’s presence is particularly pronounced on social media platforms, notably Twitter, thanks to ongoing community enthusiasm. However, the sustainability of its price gains solely driven by hype is uncertain in the long run. It is essential to consider the long-term sustainability and viability of such a meme-based investment. It is also crucial to consider the limitations of speculative hype as they are short-term excitement. 

Learn more on Avorak AI and ICO here:

Website: https://avorak.ai

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

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Filed under: Bitcoin - @ June 30, 2023 6:00 pm