With the rise of meme coins and AI-based cryptocurrencies, investors are left wondering which one to choose. While meme coins like Shiba Inu have been grabbing headlines, AI crypto like Avorak AI is also making waves. We will explore the potential of these two types of cryptocurrencies and determine which one is a better buy for 2023.

Will Shiba Inu Coin Reach $1?

Shiba Inu Coin, also known as the “Dogecoin Killer,” is a meme coin created in Q3 of 2020. The coin has since established a massive cult-like following, with many investors making 100X returns in the last bull run. However, since the Terra Luna collapse and the following bear market, SHIB’s price has been on a downtrend.

Further to it, even tho the Shibaverse ecosystem is developing, Shiba Inu’s value is purely based on speculation and hype, and as such, it is extremely volatile. The market cap of SHIB would have to surpass that of Bitcoin and Ethereum combined to reach a price of $1. Hence, many analysts tout the call for Shiba Inu to go to $1 pure speculation to blind, naive investors.

What is AI Crypto?

AI Crypto is a new type of cryptocurrency that utilizes artificial intelligence (AI) technology on the blockchain. These types of coins create decentralized AI ecosystems that would give many crypto enthusiasts and the unbanked access to the usually expensive, AI-backed tools for an affordable price and even lets the user monetize their tasks.

One of the major advantages of AI Crypto is that it has a tangible use case, which meme coins do not have. The coin’s AI technology can be used in various industries, including healthcare, finance, and marketing.

Avorak AI – Most Hyped Presale In 2023

Avorak AI is a new AI-based cryptocurrency set to launch in 2023. The AI project synergizes blockchain tech with sophisticated AI algorithms and machine learning to bring trading bots, chatbots, and more to the Binance Smart Chain.

The ICO of AVRK, the native token, became popular in many DeFi communities due to its sophisticated trading bot, besides an experienced team, several smart contract audits, KYC, and exchange listings.

The use-case Avorak AI offers is undoubtedly ahead of any meme coin; hence it comes as no surprise that the AVRK presale in phase 5 already raised close to $1,800,000 in development funds.

Conclusion

In conclusion, while meme coins like Shiba Inu may seem like a good investment due to their hype, they are highly volatile and not backed by any tangible assets. On the other hand, AI cryptos like Avorak AI have exciting use cases and are backed by solid technology and teams.

Learn more here:
Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register

The post Meme Coins Vs AI Crypto – Is Shiba Inu or Avorak AI the better buy for 2023? appeared first on CoinChapter.

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Filed under: Bitcoin - @ April 29, 2023 10:00 am