Altcoins Under Pressure with Shiba Inu, STEPN and Avorak AI Presenting Lucrative Opportunities

With the SEC’s lawsuits against Coinbase and Binance making headlines, many altcoins, including Cardano (ADA), Polygon (MATIC), and Solana (SOL) have come under pressure. However, others, such as Shiba Inu (SHIB), STEPN (GMT), and Avorak AI (AVRK) still present lucrative opportunities according to analysts. 

Will Shiba Inu go up?

Shiba Inu (SHIB) has promising prospects for an upward trajectory. It has established itself within the market with an extensive token holder base, loyal community, and listings on major cryptocurrency exchanges. The Shiba Inu team is actively working on various upgrades and development within the ecosystem, which might lead to increase in SHIB’s utility and use cases.  A development worth mentioning is Shibarium, an Ethereum layer 2 solution. Shibarium has the potential for increased speed, greater scalability, and lower transaction costs. This innovative solution will also include a burning mechanism that will gradually reduce the supply of SHIB with each transaction, potentially driving considerable price increases. 

What is STEPN?

STEPN is an innovative mobile non-fungible token (NFT) game that operates on the Solana blockchain, pioneering the concept of “move-to-earn.” This groundbreaking platform allows users to accumulate tokens simply by engaging in outdoor activities, such as walking, jogging, or running using an NFT sneaker. STEPN aims to inspire millions of individuals to adopt healthier lifestyles and transition into the transformative Web3 era by seamlessly integrating physical exercise and blockchain technology. Moreover, the project aligns its mission with the pursuit of carbon neutrality, making it socially responsible. STEPN’s unique approach has captured the attention of many in the crypto community and positions it for significant growth.

Will Avorak AI 100x?

Many analysts and experienced investors have argued that Avorak AI can 100X, and this could still happen owing to the various competitive advantages this AI crypto project has.

Avorak is a first-to-market platform, offering the pioneering comprehensive AI solution on blockchain. Avorak’s long list of AI-driven solutions include chatbots, trading bots, virtual assistants, security monitors, image and text generators, blueprint drafters, and more. To exemplify the uniqueness of Avorak’s solutions, Avorak’s trading bot can automate trades on multiple exchanges and asset classes. The bot uses a non-code command-line input and provides price predictions alongside significant indicators.

Avorak AI also has strong tokenomics. The AVRK token is the native token of the platform and is required to access its products and services. 49% of the profits generated are distributed to AVRK holders and 49% to Avorak. 2% of the AVRK tokens will be burned on payments to ensure continuous deflation. There’s a maximum supply of 40 million AVRK, and thus as demand for Avorak’s solutions increases, the AVRK price will consequently increase. AVRK can also be staked or traded, providing more avenues to earn.

The Avorak community is rapidly growing because of the many benefits the project’s initial coin offering (ICO) offers. These include discounted AVRK prices, bonuses, and preferential access to the project’s staking pools and beta tests. Avorak also has a reputable development and a well laid out roadmap, indicators of a potentially successful project.

Conclusion

Avorak AI (AVRK), STEPN (GMT), and Shiba Inu (SHIB) could all provide significant returns. However, the crypto market is highly unpredictable and investors should conduct their own research, considering their investment goals and risk tolerance, before making commitments.

For more information on Avorak AI:

Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register