Polygon (MATIC) could lose to AI crypto projects in new capital acquisition

The rise of artificial intelligence (AI) is transforming industries, and the world of cryptocurrency is no exception. AI crypto projects are emerging as a new trend, combining the power of AI with blockchain technology to offer new opportunities for investors and users. As interest in AI crypto grows, several analysts suggest that established cryptocurrencies like Polygon (MATIC) could face competition for capital as investors seek to add AI crypto projects to their investment portfolios.

What is MATIC?

MATIC is the native coin of the Polygon network. Polygon is an L2 (layer-2) scaling solution for Ethereum, designed to improve its speed, efficiency, and scalability. It enables developers to create and deploy decentralized applications (dApps) with faster and cheaper transactions compared to Ethereum’s mainnet. MATIC is used to pay for transactions and governance on the Polygon network. MATIC can be used to provide liquidity for decentralized exchanges, among other use cases.

Is MATIC a good investment?

With the advancement of blockchain technology, cryptocurrency is no longer just about the token but also about the development of the ecosystem. The Polygon network has gained popularity, attracting a growing community of developers and investors who see its potential as a viable alternative to other Ethereum layer-2 solutions. However, Ethereum recently shifted to a PoS consensus mechanism, reducing its costs and increasing its transaction speed, which could lead investors to move back to ETH. MATIC has been on an overall decline for the past 60 days. However, various analysts still believe in Polygon’s potential, with some expecting a 50x in value.

AI crypto: The new trend

The Artificial Intelligence (AI) industry has been around for a while. However, the industry has received significant attention since ChatGPT, as more people around the world become aware of its ability to streamline various sectors, including medicine, education, finance, and more. AI crypto is a relatively new space, and it has gained significant attention from crypto analysts and investors. AI crypto enables investors to capitalize on the potential of AI technology without requiring them to understand the complex algorithms and programming behind the technology. AI crypto also has the potential to provide investors with higher returns than traditional investments as it is based on industries of the future. As more investors become aware of AI crypto’s potential, traditional cryptocurrencies like Polygon (MATIC) could face competition for capital as investors move to this new and innovative way of profiting from both AI and crypto.

Avorak AI: An AI crypto positioned for success

Avorak AI is positioned for success because of its many competitive advantages. Other than its use of blockchain technology, the AI crypto project includes first-to-market features and offerings that stand out from other AI crypto projects.

The Avorak ecosystem is built on the BNB Smart Chain and hosts a comprehensive set of AI solutions designed to help its users enhance their abilities and get ahead of competition. The use of AI algorithms and strong tokenomics make the use cases of Avorak’s native token, AVRK, unlimited. AVRK holders are eligible for a share of Avorak’s profits and can increase the percentage hold of the project’s market cap through Avorak’s staking pools. AVRK can also be traded for other cryptocurrencies or exchanged for fiat through crypto exchanges. Additionally, AVRK is used to access the Avorak ecosystem and pay for its products and services, which include Avorak Create and Avorak Trade.

Avorak Create is an ethical AI image generator that works on a pure language-to-image model, guaranteeing no other existing work is being copied from and limitless output of images that fit exact specifications. The Avorak Trade bot uses AI algorithms that can analyze market trends, identify profitable trading opportunities, and manage portfolios on behalf of investors. The AI trading bot can be programmed to work on multiple exchanges using a standard script instead of complex codes. 

Many crypto watchers on YouTube, such as Fomotion, have expressed interest in the project. Avorak’s ICO event has seen an influx of investors leading to an increase in the valuation of its launch price. AVRK is selling at $0.210 in phase 5 of the ICO, with investors getting an additional 6% token bonus, among other ICO benefits.

Conclusion

While AI crypto projects could disrupt the crypto market, established projects like Polygon (MATIC) still have the potential to remain relevant. However, they would need constant developments and upgrades to keep up with this rapidly growing space.

To get more information on Avorak AI:

Website: https://avorak.ai

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

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.

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