Everyone is saying that Bitcoin is leading this new bullish trend, however, there are a number of cryptocurrencies that are outperforming all others.
Conflux is one of those currently making strong movements up, and the CFX price likely has more to move. Alongside this, Avorak is a new cryptocurrency that looks set to make similar moves on launch.
This article will run through some price predictions for these two projects.
In the coming years, the industry of AI will experience significant growth. The demand for these automated products will significantly rise as new solutions that simplify procedures and help people with tasks enter the market.
Several of these products will be available when Avorak launches. Initially using a trading bot, this bot will automatically log a number of “paper transactions” based on indicators in order to determine entrances and exits depending on the success of these paper trades. A trader would track their own trading in the same way, but with many more paper deals. Those indicators would then be weighted for success rate and used on real trades.
This implies that genuine trades executed on behalf of consumers should have a substantially greater success rate than trades executed using manual technical analysis and, as a result, be much more profitable. A portion of this profit is allocated on service fees to Avorak, which are then partially distributed back to AVRK owners.
Analysts are putting AVRK’s real value at around the $1.80 mark by the end of 2023, which would make a market cap of around $70 million, still very low for something of this caliber, with expectations that once the products begin generating revenue, it should see the $4 mark by the end of 2024, a tidy profit for anyone buying on or before the launch at $0.27.
Conflux is “… the only regulatory compliant, public, and permissionless blockchain in China. Conflux is building a borderless transactional and technological ecosystem for globally-minded crypto projects, extending beyond China to North America, Russia, Latin America, Europe, Africa, and the rest of the world.”
The coin has increased in value by over 15 times since January thanks to this compelling argument for getting cryptocurrency into a favorable situation with Chinese regulators—an amazing feat of price action.
Analysts still think there is plenty left in the tank, with the current CFX price range between $0.38 and $0.48.
Targets, depending on the analyst spoken to, sit between $2.30 and $4.00, representing up to a 10x from current prices.
These targets are for 2024, so don’t rush in to buy CFX yet, especially as Avorak seemingly holds favor with those scanning the market for the next top coins.
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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.