China began a new crypto licensing system in Hong Kong that is expected to open up the city to crypto trading. This comes at a time when the crypto crackdown in the U.S. has sent some of the biggest US-based crypto companies to find new places of businesses around the world. Analysts suggest this could provide avenues for blockchain-based projects like Avorak AI (AVRK), Cardano (ADA), and Ripple (XRP) to grow by tenfold.
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Can Avorak AI lead AI Crypto in China?
The Avorak AI project has won accolades from both investors and analysts since it came into the limelight through its initial coin offering (ICO) on March 1st. The project is first to the market, offering a blockchain-based AI with a wide range of solutions, including image and text creators, digital assistants, trading bots, chatbots, 3D modeling software, architectural blueprint drafters, and much more.
To exemplify the uniqueness of this AI crypto’s solutions, its text generator “Avorak Write” doesn’t include the repetition and plagiarism associated with most of the available AI text generators. This is because the bot uses several mechanisms to create texts aside from internet scraping, including plagiarism-detecting APIs and pre-written language banks.
AVRK is native token of the Avorak AI ecosystem and is required to access its services. Avorak’s ICO ended 15 days early due to a sell out and AVRK has already been listed on crypto exchanges such as Coinsbit and PancakeSwap. More than 8,888 investors around the world banked on this project while in ICO and its recent launch is attracting more as it has dispelled any ICO-related fears. The low market cap of Avorak AI (AVRK), its profound use cases, and numerous competitive advantages allow it to surge by unprecedented levels, and could see it lead the AI crypto wave in China.
Is Cardano a good investment?
Cardano could be a potentially lucrative investment, especially considering the recent developments in China’s open approach and the potential for exponential growth in the cryptocurrency space. Cardano is a layer-1 blockchain that distinguishes itself through an emphasis on scientific research, peer-reviewed development, and a rigorous approach to ensuring security and scalability. The team behind Cardano, led by Charles Hoskinson, one of the co-founders of Ethereum, and continuous developments within the ecosystem like the launch of the Djed (DJED) stablecoin, instill confidence in the project’s long-term viability. ADA is the native cryptocurrency of the Cardano ecosystem and enables users to participate in network operations. ADA is significantly below its all-time high (ATH) which enables its price to increase significantly and provides a relatively lower entry point.
Could Ripple reach $10000?
The price of XRP soared by over 70% following Judge Analisa Torres’ ruling in favor of Ripple in the case against the United States Securities and Exchange Commission (SEC) which had been on since December 2020. The positive impact of the ruling has undoubtedly been evident, with XRP receiving re-listings on several US crypto exchange platforms. However, despite this remarkable growth, the possibility of XRP reaching a value of $10,000 remains highly improbable. XRP would need to increase by over 26,000 times to attain such a price level, which would lead to a market cap of approximately $480 trillion. Therefore, with the current price and potential market cap at $10,000, the $10,000 mark is unattainable even with exceptional use cases. Nevertheless, the recent developments suggest the potential for further increases in XRP’s price, creating a promising outlook for investors and enthusiasts.
The bottom line
Avorak AI (AVRK), Cardano (ADA), Ripple (XRP) all have the potential to grow by tenfold. However, the crypto market is highly volatile, and thus it’s essential to conduct your own research and exercise caution before making any investment.
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.