Cardano (ADA) and Avorak AI (AVRK) have been gaining a lot of attention from crypto investors. With ADA’s potential as one of the more direct competitors to Bitcoin (BTC) and Ethereum (ETH), and Avorak’s foundation in AI crypto, even HODLers have taken keen note of these projects.

What is HODLing?

HODL “hold on for dear life” refers to a crypto buy-and-hold strategy. HODLers tend to hold their assets for the long term despite value appreciation or depreciation in the short term. Unlike traders who are much more active in buying and selling, HODLers resist the temptation to sell their coins, even during market downturns and price drops, and instead “hold on for dear life”. HODLing a token, therefore, represents a strong belief in the long-term prospects of a blockchain project, its currency, and its community.

Is Cardano dead?

While Cardano, like many other cryptocurrencies, experienced a significant decline in value during the bear market of 2022, history suggests that it’s far from dead. The price of ADA has been increasing steadily in 2023, and it still maintains its position among the top cryptocurrencies. Several analysts agree that there are reasons to be optimistic about Cardano’s future.

Is Cardano a good investment?

Despite Cardano (ADA) being far from its all-time high (ATH), it still passes as a good crypto investment. As the global monetary system changes over time due to events such as the string of bank failures in the US, large corporations are likely to increase their crypto investments. This, adding to the growing adoption of crypto around the world, is likely to see Cardano (ADA) reach new highs because of its popularity and advantages over other major blockchains like Ethereum. However, it could take years for Cardano to surpass its ATH, so a long-term perspective is essential for anyone considering an investment in Cardano.

What is Avorak AI?

Avorak AI is an AI platform that aims to enhance its users’ abilities by providing access to easy-to-use AI tools through its AVRK token. These tools can be used for various purposes, such as content creation, data analysis, and trading. The Avorak Trade tool can be used to predict the prices of different assets and conduct automated trades in different exchanges.

Avorak is currently offering AVRK through its ICO. This offers investors to get the token at a relatively discounted price and benefit from the several advantages Avorak offers its ICO investors. Many analysts have been talking about Avorak’s ICO since Phase 1. The AVRK is selling at $0.180 in phase 4, with investors getting a 7% bonus.

Is Avorak (AVRK) suitable for HODLing?

The Avorak AI (AVRK) token is an excellent choice for those who wish to HODL. AVRK is a deflationary token, meaning its supply will be reduced over time. With the expected rise in demand for AI crypto solutions, the AVRK token is likely to see a high increase in demand and, subsequently, a higher price in the near future.

Furthermore, Avorak has allocated a percentage of the total supply to primary locked staking pools, enabling long-term investors to increase their percentage hold of AVRK through three different pools. The Diamond, Platinum, and Gold pools will offer varying lock-in periods, token rewards, and maximum stake limits. Investors can earn an Annual Percentage Rate (APR) between 14.86% and 4.00% based on their pool of choice. Tokens can be staked at any time, provided there is still space in the desired pool. However, there is space for 100% of the ICO supply to be staked since Avorak AI offers priority access to its ICO investors in any of the three pools.

The bottom line

Cardano and Avorak AI are promising projects with significant growth potential worth considering for those looking to make strategic long-term crypto investments.

For more information on Avorak AI:

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