The cryptocurrency market is an ever-evolving landscape, with new digital assets and technologies emerging regularly, but Bitcoin remains the most dominant and well-known. Bitcoin’s market dominance continues to rise, as crypto insiders predict it will reach its all-time high in 2023. However, there has been a growing interest in AI-based cryptocurrencies, which leverage the power of artificial intelligence in their development and implementation. Despite Bitcoin’s stronghold on the overall cryptocurrency market, AI crypto coins prioritize development on the Solana blockchain.
What Is Bitcoin Dominance?
Bitcoin dominance measures BTC’s market cap against altcoins share and reflects a broad overview of the crypto market. With a market of over 546 billion, Bitcoin dominance is at 46%. Investors rely on Bitcoin dominance to decide whether to buy or sell Bitcoin or altcoins. Bitcoin, the largest cryptocurrency by market capitalization, has faced significant challenges with scalability due to its slow Proof-of-Work (PoW) consensus mechanism leading to high fees and slow confirmation times during periods of high demand. To address this issue, Bitcoin developers are working on various solutions, including the Lightning Network and Taproot.
Solana (SOL)
The Solana network strives for high-performance and low-fee transactions, making it an attractive option for AI-based cryptocurrencies seeking to improve their scalability and transaction capabilities. Solana, a newer blockchain network, deploys high-performance and scalable blockchain attractive for dApps and other use cases like AI that require high throughput. Solana’s scalability enables interoperability between Solana and other blockchain networks, leading to its growth and adoption.
Solana news notes that many believe the continued growth and development of Solana and other promising blockchain platforms could pave the way for a more diversified and resilient crypto ecosystem. Solana news has been headlining SOL consistency and consolidation, leading to a possible breakout towards the upside, making it one of the best cryptocurrencies to invest in in 2023, along with AI crypto, Avorak. The rise of AI crypto on the Solana blockchain indicates the increasing demand for innovative and sustainable blockchain solutions that leverage the power of artificial intelligence.
Avorak AI: Leading AI Crypto Surge
Avorak AI relies on machine learning and other AI techniques to create decentralized networks that learn, adapt, and optimize processes. Avorak AI’s expansive bundle of easy-to-use tools introduces a simplified trading experience. Avorak Trade helps traders monitor markets and analyze volumes of data for accurate predictions and profitable trades.
Avorak AI powers its AI solutions with its native token, AVRK, currently available at $0.210 in its ICO phase five. The project will launch at $1 and list on the Azbit exchange. Having successfully undergone its second audit, Avorak AI has garnered passionate community support, with various positive accolades dominating YouTube videos.
In response to the buzz around content creation, Avorak AI strives to fill the existing gaps by deploying Avorak Write. Avorak’s writing assistant strives to rectify the flaws of repetitive and plagiarized content through its natural language processing mechanisms.
Conclusion
Bitcoin and Solana are two of the most popular blockchain networks in the cryptocurrency market. However, their approaches to scalability differ, and recent developments in both networks have highlighted this contrast.AI crypto is making its way into the arena with a bang, and Avorak AI is the next big thing to watch.
Find more on Avorak AI and its ICO here:
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.