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Dogecoin continues to make headlines for its volatile price action, with some investors gaining substantial profits while others are incurring losses. The latest price action features a rising DOGE price and a market cap of 11B. As summer approaches, many are curious about what the future holds for this popular cryptocurrency. Fortunately, with the help of Avorak AI tools, investors get valuable insights into market trends. Avorak AI can help Dogecoin investors to stay ahead of the curve and potentially profit from the fluctuations in DOGE’s price. Let’s explore the recent Dogecoin news and how Avorak AI comes into the picture.

What Is Avorak AI and How Does It Help Dogecoin Traders and Investors?

Avorak AI (AVRK) is an AI crypto project striving to solve crypto challenges and ease investor trading processes. Avorak deploys to users an expansive portfolio of useful tools that simplify human processes and fortify investor platforms. Among the bundled AI products provided by Avorak includes chatbots, trade bots, and image and text generators. Avorak write helps marketers design images and deliver error-free text that meets the target audience’s style.

Currently running phase three of its ICO, Avorak is already making waves with a stellar performance that has seen its native token, AVRK, rise by over 140% to $0.145. The funds will help Avorak scale up its comprehensive suite of products while rewarding holders with bonuses and priority staking when it launches and gets listed on the Azbit exchange, to join Bitcoin and other major cryptocurrencies.

Dogecoin investors can use Avorak AI tools to analyze volumes of data using advanced algorithms provided by its trade bot. Avorak Trade monitors markets 24/7 and alerts investors based on their preferences. As a result, investors can accurately predict price movements and make prudent buy, hold, or sell decisions.

How To Mine Dogecoin?

Knowing how to mine Dogecoin can be an exciting experience and relatively easier to mine than Bitcoin and other popular cryptocurrencies. Dogecoin mining requires less powerful hardware. You can use CPU, GPU, or ASIC. You’ll need the official Dogecoin wallet from the Dogecoin website, join a mining pool, and get mining software compatible with your computer. Once connected to the mining pool, start mining by running the software on your computer. When your mining software successfully solves a block, you’ll receive a share of the Dogecoin rewards based on your mining contribution to the pool. These earnings will be deposited into your Dogecoin wallet.

How To Buy Dogecoin on eToro?

Buying Dogecoin on eToro takes a short time if you have all the verification details. You must open an eToro account by signing up on the eToro. You’ll provide your name, email address, and phone number. Verify your eToro account by providing a copy of your ID and proof of address. Once you verify your account, you can deposit funds using compatible payment methods like credit cards, bank transfers, and PayPal. Once you successfully fund your account, go to the search bar on eToro to find Dogecoin “DOGE” in the list of cryptocurrencies. Choose whether you want to buy or sell Dogecoin, enter the amount you wish to trade, and confirm your order. You can monitor the performance of your investment through the platform and manage your risk.

Is Dogecoin Dead?

It would be inconclusive to say Dogecoin is dead despite its lack of major news features. Even though it started as a joke cryptocurrency in 2013, it gained a large following and surged in 2021 due to social media hype and Elon Musk’s tweets. While the value of Dogecoin has since dropped, it still has a following and remains one of the most well-known cryptocurrencies. That being said, some Dogecoin investors are suing Elon Musk for a whopping $258 billion claiming he enticed them through his tweets to buy a coin with no intrinsic value and that his tweets were a scam. It would be interesting to keep tabs on the case’s outcome.

Conclusion

The cryptocurrency market is expansive and highly volatile, and the value of cryptocurrencies like Dogecoin can fluctuate significantly in seconds. It can be humanely impossible to analyze all data minute-by-minute when researching. Avorak AI tools can simplify your tasks and carefully consider the risks before giving you the green light to invest.

Want more on Avorak AI and its ICO?

Website: https://avorak.ai

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

*This article was paid for Cryptonomist did not write the article or test the platform.