Avorak AI gains new holders at a faster rate than XRP this May

Avorak AI (AVRK) and XRP have been at the center of crypto news in 2023. However, Avorak AI has been gaining new holders at a faster rate than XRP in May.

Why Avorak (AVRK) is gaining more investors

AI crypto is set to revolutionize blockchain technology. And with that, more investors are looking to invest in AI crypto projects to benefit from the potential rise. Avorak’s competitive advantages have made it a compelling option for many.

Most notable is Avorak’s first-to-market strategy. The Avorak platform has an interactive AI known as AVA, which encompasses a wide range of AI solutions. These solutions include digital assistants, chatbots, image creators, text generators, 3D modeling tools, architectural blueprint drafting tools, and much more.

Avorak’s solutions are developed with unique approaches. For example, rather than using internet scraping solely to generate texts, Avorak Write has a language bank, plagiarism-detection APIs, and other integrated mechanisms. This is to ensure a clean and non-plagiarising AI that produces texts in line with the exact specifications of its users.

Avorak AI is selling AVRK at discounted prices and offering several advantages over open-market buyers through its initial coin offering (ICO). AVRK is the native token of Avorak AI and serves as credit for accessing its services. AVRK offers several exclusive benefits to its holders, such as a share of Avorak’s profits. Avorak is currently in phase 6, selling AVRK at $0.235, with a 5% on-top bonus. Many crypto watchers have expressed interest in the Avorak project, with some suggesting 100x in the near future.

Is XRP a good investment?

Many financial institutions and users have utilized XRP to facilitate cross-border payments through Ripple. However, XRP is currently entangled in a legal dispute between Ripple and the SEC over allegations that it is an unregistered security. The outcome of the court case, which began in 2020 and is expected to conclude soon, will play a significant role in determining XRP’s prospects. In March, rumors of a favorable court ruling led to a significant price increase for the cryptocurrency. XRP has also been on an overall increase in 2023. However, given the uncertainty surrounding the legal suit, it is challenging to determine whether XRP is a good investment. Thus, thorough research and risk management is required for those looking to invest in XRP.

Will XRP beat Bitcoin?

Bitcoin (BTC) is the largest cryptocurrency by market capitalization and has established itself as the leading digital asset, being accepted as legal tender in countries like El Salvador. Additionally, XRP’s recent legal troubles with the SEC have brought uncertainty to its future prospects. Therefore, while XRP has the potential to be a useful tool for cross-border payments and has certain advantages over Bitcoin, such as faster transaction speeds and lower fees, it is unlikely to dethrone Bitcoin (BTC).

Conclusion

Avorak AI (AVRK) offers a more compelling investment option than XRP. However, both have significant potential for growth and also come with associated risks. Therefore, investors should conduct their own research and seek professional advice before making any investments.