Avorak AI reports a 72% average hit rate on spot leverage Bitcoin trades this April

Traders are constantly seeking ways to increase their returns and mitigate risks, especially in the highly volatile crypto market. Avorak AI recently reported a 72% average hit rate on spot leverage Bitcoin trades, creating quite a buzz among crypto traders and investors.

When was Bitcoin created?

Bitcoin is the first cryptocurrency. It was created in 2009 by an unknown person or group using the pseudonym “Satoshi Nakamoto.” It is a digital currency without a central administrator that allows for secure peer-to-peer transactions on the Internet. Bitcoin has a limited supply of 21 million BTC coins, with over 19 million already in circulation. Bitcoin (BTC) has gained significant popularity, with numerous businesses accepting it as payment. It is the largest crypto with a market cap of over $500B.

How does Bitcoin work?

Bitcoin works through a decentralized computer network that uses cryptography to verify and record transactions on the blockchain. When a transaction is made, it is broadcasted to the network of computers, which then verify and record it on the blockchain. Miners, who are users with powerful computers, compete to solve complex mathematical equations to validate and add new blocks to the blockchain. In exchange for their efforts, they are rewarded with newly created Bitcoin (BTC). Bitcoin transactions are secure, as they are validated through complex algorithms and cryptography, making them virtually impossible to counterfeit or manipulate.

Avorak AI: A better solution for crypto trading?

Avorak AI is the latest project in the currently trending AI crypto space. It seeks to revolutionize trading and many other fields with its AI and blockchain capabilities.

The AI crypto project is developing a full market analysis AI trading bot that works like a human trader. The Avorak trade bot uses AI algorithms to analyze market-related data, find the best possible trades, and make automated trades on different exchanges. The AI trading bot also offers price predictions and large indicators, including services like TradingView for enhanced visuals. Avorak AI reporting a 72% average hit rate on spot leverage Bitcoin trades means that the Avorak Trade bot was able to make successful trades on Bitcoin with a 72% success rate while still in development. Spot leverage refers to trading with borrowed funds, which allows traders to increase their buying power and potentially increase their profits, but it also comes with an increased risk. The AI’s success rate of 72% suggests that it was able to accurately predict market movements and make profitable trades more often than not.

Avorak Trade’s performance in development has led to more investors and traders joining its ICO event to get the Avorak (AVRK) token at a discounted price. AVRK is a cryptographically-secured fungible token used for several utility functions within the Avorak ecosystem. It provides access to the ecosystem and pays for its AI products and services. AVRK is selling at $0.210 in phase 5 of the ICO, with investors getting a 6% token bonus, among other ICO benefits. The House of Crypto suggests that AVRK might witness a surge in price as more users become aware of its potential.

The bottom line

Bitcoin (BTC) has been showing bullish signals, and many investors and traders are looking to benefit from it. With a 72% success rate in development, Avorak AI could be the better solution for crypto trading. However, the cryptocurrency market is volatile, and past performance is not always indicative of future results. Therefore, it would be best if you carried out your own research before investing.

To get more information on Avorak AI and its ICO:

Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register

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