Cryptocurrency Prices Reflect Banking Crisis. Where Does It Leave Bitcoin, Avorak AI, and Dogecoin?
The latest cryptocurrency news suggests that the recent banking crisis in the United States has shaken people’s faith in traditional monetary systems. Many analysts claim that this could lead to an increased interest in crypto, driving up cryptocurrency prices. This has caused many in the crypto market to closely monitor the price movements of prominent cryptocurrencies such as Bitcoin (BTC), Avorak AI (AVRK), and Dogecoin (DOGE).
Bitcoin (BTC)
Bitcoin (BTC) is the first-ever developed cryptocurrency, with the largest crypto market cap. Since news of the SVB’s collapse surfaced, the price of Bitcoin (BTC) has been rising steadily. The string of bank failures has emphasized the significance of decentralized finance (DeFi) and cryptocurrency in general. As the most popular cryptocurrency, Bitcoin is experiencing a rise in demand from individual and institutional investors. And thus, many seasoned investors and analysts point to a possible Bitcoin (BTC) bull run in 2023.
Avorak AI (AVRK)
Avorak AI is a new AI platform running on the blockchain. With the success of AI platforms like ChatGPT and the recent rise in cryptocurrency prices, many investors are looking to Avorak AI to offer substantial returns with its AI blockchain integration.
Avorak’s potential suite of AI solutions has also pulled investors to its ICO. Avorak Trade and other AI-powered tools developed by this project have already made a significant impression in the cryptocurrency market. The Avorak Trade bot makes accurate predictions on various crypto assets, and Avorak AI promises to provide a code-free input system for this AI trading bot. In addition to its many other advantages, the Avorak Trade can work on other asset classes and may be deployed on various exchanges.
In the midst of the banking crisis, Avorak AI has already raised over $300,000 in the third phase of its ICO. The fact that Only Investors and Meta Earn have featured Avorak AI in YouTube videos shows that the project has also piqued the interest of seasoned crypto watchers. The AVRK token price has been increasing all through March. This has led to more investors joining the ICO before the current price of $0.145 rises further, and the 8% on-top bonus Avorak is offering is reduced in the next phase.
Dogecoin (DOGE)
Dogecoin (DOGE) also seems to be benefiting from recent cryptocurrency news. A tweet by Elon Musk has led the DOGE community to believe that Elon Musk will eventually incorporate crypto payments such as Dogecoin on Twitter. DOGE has had its price rise because of speculations before. And with the recent bank crisis, Dogecoin (DOGE) may be seen as a viable option as investors look for alternative ways to invest their money and store value. This might lead to a significant increase in the DOGE price.
To get more information on Avorak AI:
Website: https://avorak.ai
Whitepaper: https://avorak-labs-and-technology.gitbook.io/avorak-a.i-technical-whitepaper/
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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