Cardano and XRP have experienced significant growth recently, drawing attention from retail investors who fear missing out (FOMO). Cardano is a smart contract platform created by Charles Hoskinson, a co-founder of Ethereum. Meanwhile, XRP is the native digital currency of Ripple, which was established by Ripple Labs in 2011 under the leadership of Jed McCaleb and Chris Larsen. In the meantime, while these two projects are making headlines, large investors and whales are gradually investing in Avorak during its ICO.
Cardano and XRP Experience a Price Surge
ADA and XRP have experienced significant growth in value, following the trend of other cryptocurrencies. This increase in value can be attributed to the surge of Bitcoin, which is considered the leading indicator of the entire crypto market.
However, Cardano faced a significant decline in value due to the bear market in June 2022, losing almost 30% of its value. On the other hand, XRP has been embroiled in a legal battle against the SEC for years. Ripple, the company behind XRP, is accused of issuing the cryptocurrency as a security without proper declaration.
Despite lagging behind Bitcoin and Ethereum, both XRP and Cardano have active ledgers that offer better platforms. They boast faster transaction speeds, cheaper gas fees, and more scalability than their counterparts. While retail investors focus on these two projects, whales are buying AVRK tokens, the native utility token of Avorak AI.
Avorak Gains Popularity among Whales
Whales are known for their significant market participation, often causing massive fluctuations in the crypto market by buying or selling a project's currency. Recently, whales have shown a keen interest in AI crypto, with Vorak AI standing out as an upcoming project that utilizes artificial intelligence to tackle common challenges in the digital ecosystem.
Currently in presale, Vorak AI is selling its AVRK token for $0.27. The project is developing several tools, including Avorak Trade, an AI-powered trading tool designed to assist traders in making sound decisions and improving the profitability of trades through automated indicators powered by AI.
In addition, Vorak AI also offers a text-to-image tool that curates unique photos using self-learning algorithms, avoiding plagiarism from existing internet images. Users can take advantage of this feature to create amazing images that can be minted on various networks like Cardano as non-fungible tokens.
The AVRK token has a maximum supply of 40 million tickets, with 28 million currently being distributed to users at discounted rates. During phase 8 of the ICO, the current phase, the Avorak team has initiated a 3% bonus for all purchases made. Additionally, purchases above $250 will be subject to more giveaways from the ICO-selected token allocation batch.
Learn more about Avorak AI on:
Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register
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