Shiba Inu’s (SHIB) volatility can lead to both profits and losses. However, with Avorak AI, users can understand the market moves of Shiba Inu better, mitigating losses and increasing profits.
Is Shiba Inu still popular?
Shiba Inu (SHIB) ranks among the top cryptocurrencies by market cap. Shiba Inu has also established a large following and boasts a strong and dedicated community known as the Shiba Army. This community is actively engaged on various online platforms, promoting and discussing SHIB, adding to its popularity. Additionally, Shiba Inu has secured listings on major cryptocurrency exchanges, further solidifying its presence and accessibility to traders and investors. The development team behind Shiba Inu is actively working on upgrades, such as the Shibarium, to enhance the coin’s utility. And despite market fluctuations and increasing competition, Shiba Inu has managed to sustain its popularity, a testament to the loyalty and enthusiasm of its community.
Will Shiba Inu reach 1 cent?
Shiba Inu (SHIB) reaching 1 cent is highly improbable. This is primarily due to the token’s large circulating supply, exceeding 589 trillion SHIB. Even at the peak of SHIB’s value is 2021, the token would have needed to surge by 113 times its price to reach $0.01. Achieving a value of 1 cent would require SHIB’s price to increase by more than 1,100 times its current price. This would result in a market capitalization of approximately 5.89 trillion, which is almost five times the entire cryptocurrency market. While developments within the Shiba Inu ecosystem could potentially trigger significant price surges, the probability of achieving such substantial multiples diminishes as the asset’s market cap expands.
What is Avorak AI, and how can it help?
Avorak AI is a new AI crypto project that aims to help users enhance their business and individual operations through fast, secure, and highly efficient first-to-market AI solutions. Avorak has an advanced trading bot, Avorak Trade, which can help users understand and profit from Shiba Inu’s market movements.
The Avorak Trade bot conducts comprehensive market analyses, including sentiments from news and social media, tirelessly and without human limitations. This enables the bot to make accurate predictions about future prices. In addition to predictions, Avorak Trade provides users with a wide range of carefully selected indicators to support informed decision-making. The bot also features integrated notification systems that alert users to any changes in market trends or patterns.
One of the more remarkable features of Avorak Trade is its unique API, which empowers users to automate trades across different exchanges and asset classes. The bot also uses a simple command-line input that is programmed with a standard script, enabling even users without little or no technical knowledge to easily input commands. A user could simply instruct the bot like this, “In my KuCoin spot account, when SHIB reaches $0.000085, sell 3500 SHIB.”
Access to Avorak Trade requires credits of the native utility token of the Avorak AI ecosystem, AVRK. AVRK holders receive 49% of revenue generated by Avorak’s AI services through the project’s revenue feedback system. AVRK tokens can also be used for incentivized liquidity provision through decentralized exchanges (DEXs).
AVRK is currently selling at $0.255 in the 7th phase of Avorak’s initial coin offering (ICO). Participating in the Avorak ICO offers benefits, such as token bonuses and priority access to beta products. With several crypto analysts hinting at a potential surge past the launch price of $1, Avorak AI (AVRK) also presents a more attractive investment opportunity.
For more information on Avorak AI:
Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register
Source: https://coinpedia.org/press-release/understanding-market-moves-of-shiba-inu-begins-with-avorak-ai/