How Could USDC Depeg Fear Have Made Traders A Fortune With Avorak AI?

USDC Fear

The effects of both Silvergate and Silicon Valley Bank collapses have rippled through the financial sector, most notably affecting cryptocurrencies.

Nearly 10% of the total backing for the USDC crypto was deposited at these banks. Despite the incredibly unlikely situation that 90% of the total circulating USDC would be redeemed, causing an issue with the last 10% that was stuck in these defunct banks, many retail investors began to panic and sell USDC into USDT, causing the price of USDC to plummet off the peg.

Many USDC users lost out, those that panic sold under the peg, and those institutions with enough capital to withdraw directly from Circle took advantage of this, as the stablecoin issuer was still processing withdrawals to fiat at 1:1.

How Can Avorak AI Use These Events To Create Incredible Profit?

The automated trading bot from Avorak AI, a line of self-learning devices, will be the company’s initial offering.

Within seconds, the bot will evaluate each indicator, assign a weight to each indicator, and then determine whether to execute a trade based on this. It will be able to control stop losses and use historical trading data to determine which patterns are more profitable. The Avorak bots have the capacity to monitor common trading indicators and make trades, assigning value to each indicator and working out a way of increasing the win rate. Professional traders typically utilize this approach, which requires months to gather and learn from trade data. In contrast, Avorak bots can expedite this process in merely a week to reach peak profitability.

When out-of-the-norm events happen, the bot will find it simple to trade these, like the USDC token nosediving and then recovering. With USDC bottoming in the panic at $0.85 and rising almost back to peg, a transaction of $1,000 would have turned $2,500 with a 10x leverage, incredible gains for simply trading stablecoin!

The potential for this bot is enormous, and people who purchase AVRK will probably benefit from both the bots and the token itself.

Want to learn more about Avorak AI?

Website: https://avorak.ai
Whitepaper: https://avorak-labs-and-technology.gitbook.io/avorak-a.i-technical-whitepaper/

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