Shiba Inu came and conquered the meme coins space as it attracted a sizable army of enthusiasts on its debut. Shiba Inu joined a popular cryptocurrency space where survival rests on the project’s ability to attract attention among large numbers of retail investors. However, the meme saga and the story of the shifting meme narrative dominate the Shiba Inu news. Let’s explore in more detail the story making the Shiba Inu news.
Shiba Inu
Shiba Inu (SHIB) deploys to the meme community its “Doge” meme project with a quadrillion SHIB token supply. It came as a “dogecoin killer” and received enormous reception. However, it received criticism in equal measure as it rode on hype but not on real use cases.
Meme Coins: The Shifting Meme Narrative
Memo coins are springing up everywhere, featuring various animal characters. Most of these coins owe their existence to mere jokes and don’t portray real value utilities other than being a store of value. The meme coin is not intended to serve a practical purpose but rather to capture the attention of investors who are looking for the next big thing in the crypto market. The survival of a meme is highly dependent on speculation and social media hype, an allegiance that constantly shifts whenever a new funnier project emerges. This narrative can kill a project that could have otherwise provided more use-case applications. Despite its popularity, Shiba Inu has faced criticism for its lack of utility and the potential risks associated with investing in meme coins. Many experts warn that these tokens are highly speculative and volatile and that investors should exercise caution. Meme coins thrive on high coin supply and low pricing, but social media being what it is, some meme coins may not see a bright future.
AI Crypto: Avorak Is Here
AI crypto powers their machine learning mechanisms through blockchains for secure, scalable, and fast platforms. By integrating blockchains into AI solutions, AI crypto projects can improve the overall experience of crypto investors.
Avorak AI is delivering a series of firsts in the AI crypto space. One notable feature is an expansive portfolio of AI tools bundled into one interactive, easy-to-use platform. AvorakAI trade bot helps traders predict with accuracy the price movements of their portfolio. These Trade bots monitor the market round the clock and release the investors to concentrate on other aspects as it executes error-free crypto trading.
Avorak AI, with a CyberScope audit greenlight, hopes to raise funds and expand its capabilities to become a leading AI-powered platform by increasing its product portfolio. AVRK token is going at $0.145 in ICO phase 3, a 38.10% price increase from phase 2. Early investors who acquire AVRK are treated to a bonus of 8%.
Avorak is stirring excitement on YouTube as AlienCrypto, and Crypto Bape explain the pros of Avorak AI’s investment.
Conclusion
The meme saga and its shifting narrative create more uncertainty as to the real utility of Shiba Inu. the story of Shiba Inu highlights the unpredictable and rapidly evolving nature of the cryptocurrency market and the power of social media and memes to drive investor sentiment. However, they may become a passing fad. Avorak AI, with its comprehensive real utility solutions, has taken over the mantle in the AI crypto space.
Further information on Avorak AI is here:
Website: https://avorak.ai
Whitepaper: https://avorak-labs-and-technology.gitbook.io/avorak-a.i-technical-whitepaper/
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