After the harsh crypto winter in 2022, the crypto market is looking forward to the next bull run. The market has shown signs of recovery this year, but the progress remains stagnant. Experts predict that the next bull run will occur after the next Bitcoin halving, scheduled to take place in 2024. Here is why Avorak AI holders are excited to trade Ethereum this bull run.
Is Trading Ethereum Profitable?
Ethereum is the world’s second-largest cryptocurrency and is considered a top alternative to Bitcoin. The most appealing feature to investors is Ethereum’s constant development and adaptability. For instance, in response to environmental concerns, the network shifted from Proof-of-Work (PoW) to Proof-of-Stake (PoS) mechanism, cutting down its energy consumption by 99%.
Moreover, Ethereum allows the building of other projects, such as dApps and tokens (ERC-20), on its network. ERC-20 tokens, such as Binance Coin (BNB), have a variety of uses, including facilitating transactions and voting on governance issues.
Ethereum price charts show price stability, and experts predict a bullish run is on the horizon. Ethereum has also experienced a decline in trading volume, which signifies that traders are interested in holding ETH. Traders will then profit from trading ETH in the next bull run.
Avorak AI Makes Trading Easier
Avorak AI is a new blockchain project that integrates artificial intelligence (AI) onto its platform to simplify trading for users. The project is the pioneer AI-powered decentralized tools, which already create a buzz in the crypto markets.
Avorak’s native token is AVRK, which powers the blockchain and is used to reward users. Avorak holders can get access to several tools that assist traders in navigating the volatile crypto market. One such tool is Avorak Trade, a feature that uses machine learning to carry out market analysis of past data to predict future price movements.
Avorak Trade also alerts traders in case of changes in market trends or patterns and automates profitable trading strategies on behalf of traders. Traders can leverage this technology in the wake of the bull run to avoid losses by eliminating emotion-driven trading and inaccurate market analysis.
Ethereum, like most cryptocurrencies, is highly volatile, as prices can suddenly drop. ETH holders can utilize Avorak tools to employ the best trading strategies to maximize their profits in the coming Ethereum bull run.
Conclusion
As the market anticipates the next bull run, Avorak holders are excited to trade Ethereum as the project offers them trading assistance to profit. Traders must start investing now to prepare for the next bull run that will likely take place in 2024. Avorak AI is currently in phase 8 of its ICO, and users who purchase AVRK during this phase will get a 3% bonus. Holding Avorak tokens will give users access to the project’s trading tool, Avorak Trade.
Learn more about Avorak AI on:
Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register
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 DrawKit Illustrations on Unsplash
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