Avorak AI Completes Phase One ICO With Nearly $200,000 Raised; Where Does It Leave Shiba Inu?

Avorak AI is ushering ICO phase two on a high following a successful presale phase one. Crypto news placed the figure raised to be close to $200,000. Between March 11th and March 23rd, Avorak AI will see its token, AVRK going for $0.105 in phase 2, representing a 75% price increase. What does this mean for the Shiba Inu community? Let’s explore.

Avorak AI (AVRK)

Avorak AI deploys a wide range of services and solutions through its extensive bundled products under one interactive AI. This cohesive system integrates all products and provides users with a seamless and consistent experience. Avorak AI’s user input system understands natural language inputs from users, thanks to natural language processing technology. This allows computers to analyze, understand, and generate human language. With a text or voice-to-text input system, users can interact with Avorak AI more naturally and intuitively, leading to an improved user experience.

Since launching its ICO, Avorak has been making headlines from crypto news to Twitter and YouTube as it receives positive accolades from crypto enthusiasts like Crypto Bape. With 9% on-top bonuses and a sound CyberScope audited platform, Avorak is attracting more investors in its ICO’s second phase.

Avorak’s blockchain-based AI platform powered by AVRK token seeks to create a decentralized platform that combines blockchain technology, machine learning, and natural language processing to achieve security and efficiency.

Shiba Inu (SHIB)

SHIB garnered considerable investors in its early stages, generating a high demand that propelled its value. The Shiba Inu community actively promoted SHIB as a means of payment, and as more merchants adopted, its demand increased, leading to a rise in its price. However, the hype around SHIB recently nosedived as crypto news reported a bearish SHIB price. SHIB’s price downtrend followed its launch of Shibaswap, a decentralized exchange (DEX) that allows users to trade SHIB and other cryptocurrencies. Analysts attribute the downtrend to meme coins’ speculative nature of reliance on social media influencers and the community’s support. As a result, SHIB’s value can be highly volatile, and some investors are exercising caution.

Meme Vs. AI Crypto

AI crypto offers various use cases, such as supply chain optimization, decentralized finance, trading bots, AI image generators, and smart cities. These practical applications of AI technology offer investors long-term growth and value. Utility-based AI crypto platforms like Avorak AI are designed to provide practical applications of AI technology, making them more attractive to investors seeking long-term value.

Meme-based virtual currencies like SHIB are largely driven by hype and speculation, and their value can be highly volatile. As a result, investors are becoming more cautious by evaluating their investment strategies before investing in them.

Crypto AI depicts increasing interest in leveraging AI technology to solve real-world problems and create tangible value. Therefore, investors are shifting their focus towards utility-based AI crypto, away from meme-based virtual currencies like Shiba Inu.

Conclusion

The latest crypto news indicates a shift in investor focus towards utility-based AI crypto, away from meme-based virtual currencies like Shiba Inu. The shift to the new blockchain-based AI platforms, such as Avorak AI, is gaining traction as interest in leveraging AI technology to solve real-world problems increases.