Shibarium, the highly-anticipated Layer 2 solution for the Shiba Inu ecosystem, has been hitting crypto news. Through its analysis and interpretation of Shibarium’s latest news, Avorak AI algorithms picked a trend allowing smart traders to gain 10X returns in 2023.
What Is Shibarium?
Shibarium is an upcoming Layer 2 scaling solution designed to enhance the speed and scalability of the Shiba Inu ecosystem and make it more efficient in handling transactions. Still under beta testing, Shibarium operates on the Ethereum blockchain and aims to increase the throughput of transactions on the Shiba Inu network by using off-chain transactions that can be processed more quickly and at lower costs than on-chain transactions.
The Layer 2 solution is expected to be a game-changer for the Shiba Inu network, especially as it gains more traction and popularity across the DeFi community. By utilizing Shibarium, SHIB users can expect faster transaction processing times, lower gas fees, and an overall improved user experience. In addition, Shibarium’s entry has opened the door for Shiba Inu to broaden its offerings, such as creating more dApps. Shiba Inu is establishing itself as a more versatile blockchain project than the other meme-based projects. Some investors anticipate that Shibarium has the potential to become a crucial component in the wide adoption of the Shiba Inu project and the growth of its ecosystem as the crypto market evolves.
Although the Shibarium release date is unknown, the Shibarium beta has processed over 5 million transactions with more wallet addresses actively participating. The project is realizing minimal gas fees making cost-free transactions possible. Initially, the Shibarium release date was intended for February 2023, but the developers held the launch for thorough tests across multiple phases to minimize errors and maximize quality assurance.
Avorak AI
Avorak AI is a blockchain and AI-powered solution for simplifying human-led tasks. Crypto traders are presented with Avorak Trade, a trading bot that monitors markets around the clock and analyzes large data volumes to identify signals and trade indicators for profitable trades. Avorak trade, in its beta testing stage, has further boosted optimism by predicting substantial 10X returns this year for traders applying AI analytics in their trading strategies. With Avorak Trade, the era of manual trading, human error, and emotional decisions is over. Smart traders using the Avorak Trade bot can benefit from technical analysis and charts. These parameters also consider several factors, including market trends, supply and demand, and user adoption.
Avorak AI’s ICO continues its surge in phase six, having witnessed its token, AVRK, soar 291.67% to $0.235. Early investors are looking for 17X gains at launch, which will happen on July 16. In addition, ICO holders enjoy on-top bonuses and staking rights after launch. AVRK will launch at $1, signifying huge returns and bonuses of up to 500%. The project has attracted experts and analysts who have seen its potential. YouTubers like Jacob Crypto Bury have visualized a breakdown of its roadmap and the project’s achievement in simple terms.
In the content generation arena, Avorak has introduced Avorak Write to solve repetitive and plagiarism shortcomings of existing AI content platforms.
Conclusion
Shibarium’s expected speed and scalability have sparked excitement among those investing in the future potential of the Shiba Inu project. However, Avorak Trade’s analysis suggests 10X for smart traders incorporating AI trading analytics and that the latest SHIB news may not adequately push prices up.
Read more about Avorak AI and ICO here:
Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register
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