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After such a horrendous time over the past year for many investors in the crypto industry, questions are continuously being asked about these projects from those in fear that their portfolio value may continue to decline.
With such a large community and a relatively high market cap, Shiba Inu is feeling the heat at the moment.
Shiba Inu Future
The future is not looking good for SHIB currently. Memecoins have been performing poorly of late due to their relative uselessness, and regulatory eyeballs are starting to look their way.
SHIB has lost most of its value over 2022, causing significant losses to many investors’ portfolios.
The continuous addition of weak products, such as the low volume ShibaSwap, fails to impact the price, with ‘hyping’ seemingly the only way that the Shiba Inu crypto can generate positive price movements.
Analysts do not see a positive outlook from SHIB long-term, with many other cryptocurrencies being much higher on the recommended investments list.
What Are The Alternatives?
There are so many cryptocurrencies around that you may ask, ‘what are the best cryptos to buy?’
There are a few key factors to account for when making an investment. Below outlines some of these briefly before moving into an example of what could be a good investment.
- Current Price/Market Cap
Looking at the current price, is it low or high vs previous prices? Looking at the market cap, how does it compare to other cryptos? Generally, buying at lower prices is better. However, this may be hard as buying low means usually buying into markets in fear. Projects with solid outlooks but low market caps are usually the golden investments that net investors the most significant returns. - Use case
As seen before, the real uses for SHIB are pretty poor. When considering an investment, work out what that crypto does and whether that is enough to generate interest in it, regardless of the overall market trend. - Finding the shift in the market sector of focus
It is essential to look at what the rest of the market is about to look at. AI is beginning to take off, and many AI companies are starting to see strong institutional investment. Memecoins are on the way out; AI is on the way in.
Shiba Inu no longer fits the bill for any of these points. The market cap is in the billions, meaning the room for growth is considerably smaller than projects of much lower market cap. Additionally, the SHIB token has no strong use.
Avorak AI
A new project already moving through its ICO first phase is generating positive conversation across various crypto communities. Avorak AI is bringing to market a full set of artificial intelligence products to assist users in completing tasks, executing profitable trades, and providing businesses with optimized processing.
When studying the documents, it is easy to see how Avorak fits the standards of a quality investment.
The launching market cap will be around $10 million if the ICO sells out, which is incredibly low for such a suite of products. Use case is doubled up as a payment method to access these products and as a source of income for holders, who gain a share of all revenue generated. The AI sector is already in focus, and AVRK will likely launch right into the middle of an AI project rush. This ticks all the boxes for being a market-beating buy right now. Phase 2 of the ICO will increase the price, so buying in phase 1 before it ends will give a much better price entry.
Want to learn more about Avorak AI?
Website: https://avorak.ai
Whitepaper: https://avorak-labs-and-technology.gitbook.io/avorak-a.i-technical-whitepaper/
*This article was paid for. Cryptonomist did not write the article or test the platform.
