Cryptocurrencies have become popular investment options, and many investors and traders are trying to predict future price movements. The price performance of any cryptocurrency is often seen as a crucial indicator of its prospects, as it provides valuable insights into market sentiment and the perceived value of the token. When prices plummet, holders look for safer options, and the best bet currently is Avorak AI.
Terra Classic (LUNA)
Terra Classic is a blockchain-based payment network that offers the benefits of both fiat currency stability and the speed and cost-effectiveness of blockchain technology. The platform was launched as a stablecoin by Do Kwon and Daniel Shin. LUNA is the network’s governance and staking token. The idea behind Terra is to create a stablecoin that is pegged to the value of a fiat currency known as terraUSD (UST). This stability allows users to transact without the volatility typically associated with cryptocurrencies. Terra accomplishes this by utilizing a network of collateralized stablecoins; each pegged to a different fiat currency.
Terra’s stablecoin, UST, could be created by burning LUNA. If the value of UST rose above $1, some of the LUNA tokens were burned. Conversely, if the value of UST fell below $1, UST tokens could be swapped for LUNA. However, in May 2022, UST began to lose its value prompting many investors to sell their UST tokens, and LUNA’s value plummeted. This caused the Luna Foundation Guard to announce a hard fork with a new form of LUNA coin (LUNA2). However, these plans were later revised, with the original blockchain being named Terra Classic, and UST was rebranded as USTC, moving away from an algorithmically-backed stablecoin to a collateral-backed coin. Since then, the Terra Classic price has been downtrend, prompting LUNA holders to consider safer options such as Avorak AI.
Avorak AI
Avorak AI is a leading blockchain-powered artificial intelligence solution offering a cutting-edge system that works on a text or voice-to-text basis. Under Avorak AI, users can interact with the system by typing in text or speaking out, and the system will understand and process their input. This is vital as it makes the system more accessible to different users, including those with difficulty typing. In addition, it allows for more natural and conversational interactions with the AI system. By developing an extensive list of products under a single interactive AI, Avorak AI will offer various services and solutions to its customers. Avorak AI provides a seamless and consistent experience across its offerings. The user input system of Avorak AI working on a voice-to-text basis means that the system can understand natural language inputs from users. This is made possible by natural language processing (NLP) technology, which allows computers to analyze, understand, and generate human language.
Avorak AI powers its platform with its low-supply token, AVRK, which is available at $0.06 in its ICO’s first phase. The AVRK price will rise in value through its subsequent phases toward the launch price of $0.27, and Terra Classic holders can diversify into the project.
Conclusion
By analyzing a cryptocurrency’s historical price movements and identifying patterns and trends, investors and traders can make prudent decisions about whether to buy, sell, or hold the token. That has been the case with LUNA holders considering the Terra Classic price performance. Fortunately, there are solid options like Avorak AI that investors can consider. Going by the recent hype, and a series of firsts, AVRK could be much safer.
Details on Avorak AI here:
Website: https://avorak.ai
Whitepaper: https://avorak-labs-and-technology.gitbook.io/avorak-a.i-technical-whitepaper/
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.
Photo by Joshua Sortino on Unsplash
