Investors and traders within the crypto market are constantly looking for avenues to get more from the volatile crypto market. In this regard, several crypto analysts have offered positive price predictions for ARB because of Avorak AI’s recent purchase of Space ID on the Arbitrum network.
What is ARB?
ARB is the native token of the Arbitrum network. Arbitrum is designed to offer a faster, cheaper, and more efficient way to conduct transactions on the Ethereum blockchain. ARB tokens are used to facilitate these transactions and for governance through the Arbitrum DAO.
ARB price predictions
The ARB price has witnessed a significant decline since the start of 2023. However, several analysts still have bullish sentiments around the coin. Most of them are basing their arguments on some of the current developments by the Layer 2 scaling platform. Arbitrum recently had a token airdrop which created a buzz within the crypto community. Additionally, after the recent purchase of space ID tokens on the Arbitrum network, Arbitrum news suggests a potential Avorak-Arbitrum cross-chain, which is expected to further increase the demand for ARB tokens, resulting in the growth of the Arbitrum ecosystem.
What is Avorak AI?
Avorak is an AI project based on the BSC. The platform seeks to offer extensive AI solutions that will all be powered by its native token, AVRK.
Apart from access to AI services, AVRK token holders also get incentivized liquidity provision, access to Avorak’s staking pools, and a chance to get a share of the last non-LP tokens and Avorak’s profits.
Many crypto watchers, including Meta Earn and Crypto Baby, have been talking about the project since Avorak Trade came to the limelight. The Avorak trading bot can make accurate predictions on the future value of different assets. Avorak AI has designed the bot to be extremely easy to use through its non-code-based programming. Additionally, Avorak Trade uses automated APIs that encompass its large indicators to make automated trades on behalf of users.
The AVRK token price recently increased by more than 140%. AVRK is currently selling at $0.145, and even more investors are joining the ICO, seeing as how the project raised more than 300k just a few days into phase 3. Many investors have joined Avorak’s ICO in order to get the benefits of owning AVRK ICO tokens, such as the 8% on-top bonus being offered currently.
Conclusion
With a lot of positive news surrounding Avorak AI, the Arbitrum network could significantly gain from the potential integration. More investors could be inclined to adopt ARB in their transactions, leading to an increase in the Arbitrum price and more positive ARB news in the coming months.
For more information on Avorak AI and its ICO:
Website: https://avorak.ai
Whitepaper: https://avorak-labs-and-technology.gitbook.io/avorak-a.i-technical-whitepaper/
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. The image used in the article is been obtained from a third party and is used for informational purposes only. Coinpedia should not be held responsible for image copyright issues. Please contact us immediately if you have any issues or concerns. |
Source: https://coinpedia.org/press-release/arb-price-predictions-are-positive-as-avorak-signal-arbitrum-cross-chain-with-space-id-purchase/