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Meme coins have been quite popular in the world of cryptocurrency owing to their cute and humorous nature. However, the rise of AI crypto, like Avorak AI, has sparked a debate on whether these meme coins are slowly being replaced by more sophisticated and technologically advanced cryptocurrencies.
What are meme coins?
Meme coins are cryptocurrencies often created as a joke or a parody. These coins usually have a fun and humorous concept, with their names and logos often being inspired by popular culture, celebrities, or animals. Despite not having serious use cases, meme coins have gained significant popularity in the crypto world due to their viral and meme-worthy nature. They are often hyped up on social media, increasing their demand and trading volume. While some investors see them as a fun investment, others criticize their lack of intrinsic value and consider them to be a bubble waiting to burst.
Baby Doge Coin (BABYDOGE)
Baby Doge Coin was created in 2021 as a spin-off of the popular Dogecoin. The meme coin features a cute and cartoonish version of the original Doge. The crypto market is notoriously unpredictable, and meme coins such as Baby Doge Coin are particularly susceptible to price fluctuations. Moreover, Baby Doge Coin has few actual use cases beyond online payments and charitable donations, which may limit its adoption in the long run. The current shift in the market could potentially lead to a decrease in demand for Baby Doge Coin and a subsequent drop in Baby Doge Coin price.
AI Crypto replacing meme coins in popularity?
AI crypto refers to cryptocurrencies that incorporate artificial intelligence technology into their underlying systems. These coins are designed to leverage the capabilities of AI to offer more advanced features and services than traditional cryptocurrencies. Recently, there has been a noticeable shift towards AI crypto, driven by the surge in popularity of AI platforms like ChatGPT and the increasing interest in AI technology as a whole. Elon Musk, the most famous Dogecoin (DOGE) lover, stated that he is moving from crypto to AI.
The growing popularity of AI crypto is possibly due to the fact that it combines hype and real-world use cases. This makes it an attractive investment option for those looking for both potential growth and practical applications. With meme coin lovers like Elon Musk moving to crypto, some experts predict that AI crypto could replace meme coins as the new trend in the cryptocurrency market.
What is Avorak AI (AVRK)?
Avorak is a pioneer in the AI crypto space. It has various competitive advantages that set it apart from other AI providers in the market.
Avorak AI offers first-to-market solutions that either improve on the current ones, or bring something new to the table. For example, a pure language-to-image process, trading bots that can work in multiple exchanges and asset classes, and autocorrected, edited, plagiarism-free texts.
Amidst the trend of AI crypto, Avorak’s ICO has got the attention of Twitter crypto enthusiasts like AngelXBT and DYOR. A recent video by Cilinix Crypto also talks about Avorak AI being at the forefront of AI crypto development.
Phase 1 of Avorak’s ICO was a success, and has since gained momentum. In phase 2, the AVRK is already up 75% and is now going for $0.105.
Conclusion about Avorak AI
AI crypto is the new trend. And with investors looking to get in on the ground floor of this exciting technological advancement, what better way than through an AI crypto project’s ICO?
Want to learn more about Avorak AI and its ICO?
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.
