The post Avorak AI vs Meme Coins – How True Utility Outshines Dogecoin, Shiba Inu and Floki appeared first on Coinpedia Fintech News
Meme coins have been an exciting development in crypto. However, their lack of true utility and inherent volatility has raised concerns among seasoned investors. Crypto analysts believe that the recently booming AI crypto space is likely to overtake these meme coins because of this. Avorak AI (AVRK), a new entrant in this field already looks set to outshine the famous Dogecoin, Shiba Inu, and Floki Inu.
Dogecoin (DOGE)
Dogecoin is the first meme coin and it was created in 2013. Since then, the token has gained significant recognition with support from various big names like Elon Musk. Its creators aimed to create a playful alternative to the more serious and complex Bitcoin by basing the coin on the popular doge meme and featuring the Shiba Inu dog breed on its logo. However, Dogecoin’s lack of real-world use cases and reliance on celebrity endorsements and hype make it a risky investment.
Shiba Inu (SHIB)
Shiba Inu (SHIB) saw a surge in popularity after the success of Dogecoin. Shiba Inu is trying to boost its utility and move from the meme coin status through ShibaSwap and Shibarium. This has caused Shiba Inu news to trend on social media platforms such as Twitter, with strong enthusiasm from the Shibarium community. However, the use cases provided by these projects are already provided by many other cryptocurrencies.
Floki (FLOKI)
Floki Inu is a meme token named after Elon Musk’s Shiba Inu pet, Floki. Its community, the “Floki Vikings” runs this project and constantly generates hype around the token. FLOKI has been listed on several exchanges however, because of its extremely high supply and lack of real utility, many crypto analysts claim that it’s highly unlikely that FLOKI will ever reach one cent.
Avorak AI (AVRK)
Avorak AI is a new AI crypto project in its ICO phase. The platform combines AI and blockchain technologies to develop an easy-to-use AI-powered ecosystem.
The AVRK token will be used to access the platform’s AI services such as Avorak Write. This text-generating AI has APIs that detect plagiarism, autocorrect, and edit texts. The AI also includes a prewritten language bank and internet scraping combination that will prevent the repetition which is common with AI text-generators. This also helps provide texts that are in line with the specific requirements of the querying user.
Avorak’s image-generating AI will use a pure language-to-image process that doesn’t involve image scraping. This makes it an ethical choice for graphic designers and businesses that require images that fit exact specifications.
The platform has a wide range of products in its single interactive AI that are all aimed at streamlining human-led tasks. Avorak’s ability to use voice-to-text input makes it even easier to control and manage these AI solutions.
Additionally, AVRK can be used for staking, liquidity farming, and its holders also gain a share in the project’s profits. AVRK use cases are unlimited seeing as the platform aims to develop its own blockchain, using AVRK as the gas token.
AVRK has already increased by 75%, and is currently trading at $0.105. Investors who join in on the ongoing phase 2 get a 9% bonus on their investments in addition to other ICO benefits.
Avorak AI vs. Meme coins
Since the start of 2023, AI cryptocurrencies have been outpacing meme coins in popularity. Elon Musk, the most famous supporter of Dogecoin, and the person whose dog inspired the creation of a meme coin recently stated that he was moving from crypto to AI. Avorak AI has already achieved a higher price than many meme coins while in its ICO phase, indicating its strong potential for growth. Many investors and renowned crypto analysts such as Crypto Bape and 2Bit Crypto are talking of Avorak’s true utility.
The token offers more than just a means of storing value. It offers a chance to get AI solutions that can help reduce time spent on tasks. It also offers use cases that appeal to investors in the crypto market. Furthermore, it has been gaining popularity on social media, with tweets from crypto enthusiasts such as AngelXBT talking about its ICO.
Conclusion
Overall, the true potential of AI-based cryptocurrencies like Avorak AI seems to be attracting more attention than meme coins in the current crypto market. With its real-world use cases and AI blockchain integration, Avorak AI is positioned to overtake SHIB, DOGE, and FLOKI.
For more information on Avorak AI:
Website: https://avorak.ai
Whitepaper: https://avorak-labs-and-technology.gitbook.io/avorak-a.i-technical-whitepaper/
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