With the increased scrutiny of crypto by financial regulators and the fall of several banks in the US, the crypto market has experienced frequent fluctuations in price in 2023. However, some tokens have remained quite stable, leading many analysts and seasoned investors to critically analyze crypto projects. Many have hinted that Terra Luna Classic could be a dusty ride this spring and that AI crypto could be a better option for greater and more stable returns in 2023.
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Will Terra Classic recover?
After the collapse of the Terra ecosystem, the future of Terra Classic’s LUNA token, now known as LUNC, remains uncertain. While it reached an all-time high of nearly $120 in April 2022, the token’s value dropped significantly to well below $1 just a month later. Additionally, the effects of the news surrounding Terra’s collapse, such as the arrest of its founder, Do Kwon, are still affecting LUNC’s price. Despite these setbacks, Terra Classic’s active community is working hard to support its burn program and protocol development, which will be crucial in Luna Classic’s potential recovery. With the community’s support and the success of these initiatives, Terra Classic may still be able to bounce back.
Will Terra Classic reach $1?
Given its current supply, Terra Classic reaching $1 is a significant challenge. The market value required to reach $1 for LUNC is far higher than the total crypto market cap at its peak. Therefore, it appears improbable that LUNC will reach $1 soon unless its supply is drastically reduced. Nevertheless, the Terra Classic community is optimistic about the ecosystem’s capabilities and developments.
AI crypto
The AI crypto space has been trending since the release of ChatGPT to the public. These relatively new AI crypto projects leverage Artificial Intelligence (AI) and blockchain technologies to bring new possibilities for crypto. This, coupled with their relatively stable price movements in 2023, has led many investors and crypto analysts to discuss AI crypto projects and their potential for earning stable and significantly higher profits in 2023.
Avorak AI: The best AI crypto in 2023?
The Avorak AI project has been a topic of interest among crypto investors and analysts worldwide since its ICO started in March. The BSC (Binance Smart Chain) based AI crypto has had a successful run, with its native token AVRK seeing a 200% increase in phase 4 this week.
Avorak is an ecosystem of AI technologies integrated with the blockchain focused on developing applications that bridge the gap between traditional finance and cutting-edge science. The platform hosts a variety of AI solutions that can be beneficial to both businesses and individual users. It includes products and services like AI text and image generators, AI trading bots, virtual assistants, automated data analysis, security monitors, and so much more.
Avorak is setting itself apart with its first-to-market strategy in all products and services. Avorak Write, for example, is an AI text generator that can produce texts according to its user’s specific requirements without plagiarism or repetition. It also autocorrects and edits these texts before presenting them to the querying user.
The platform offers more than just access to its AI services with its AVRK token, it has other use cases that are beneficial to both short-term and long-term investors. For example, the Azbit exchange recently announced it will be listing AVRK after its ICO ends in July. This means that users can get incentivized liquidity provision through crypto exchanges with AVRK.
The bottom Line
AI crypto is the next big thing in the blockchain. As one of the most anticipated projects in this space, Avorak AI is setting itself up for success thanks to its competitive advantages.
For more information on Avorak AI:
Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register
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 Austin Distel on Unsplash