Bitcoin bull run continues: Why top alts Avorak AI, Stacks, and Quant are pumping?
The recent bullish Bitcoin market momentum continues to surge, as the world’s largest crypto by market capitalization shows signs of recovery since the bearish 2022. As a result, many analysts and investors are optimistic about Bitcoin’s future and believe that the current bullish trend could continue in the long run. Meanwhile, top altcoins, such as Avorak and Quant, have been experiencing significant price gains as Bitcoin Cash news reports investors’ interest in seeking alternative investment opportunities beyond traditional assets.
What’s briving Bitcoin’s resurgence?
The BTC price owes its resurgence to the renewed adoption of Bitcoin as a payment method and increased interest from institutional investors. Additionally, the current harsh economic climate and inflation concerns have driven investors to seek alternative investment options on Bitcoin’s original store of value and a hedge against inflation. The failure of Bitcoin Cash to convince in its quest after the hard fork, coupled with bearish Bitcoin Cash news, may have renewed Bitcoin’s vigor.
Why are top alts pumping?
The reasons behind AVRK, STX, and QNT price surges are varied and multi-faceted. The key drivers include increased adoption and several use cases of the underlying technology, partnerships with major cryptos, and growing interest from institutional investors. The ongoing market volatility and inflation have led investors to alternative investment opportunities on altcoins with unique and innovative utilities.
Avorak AI (AVRK)
Avorak AI is packaging a comprehensive solution of AI products that integrates the decentralization of blockchains. Avorak Trade is a packaged trade bot that helps traders in all trading aspects, including price predictions, 24/7 market monitoring, and analysis.
Avorak AI’s ICO is currently running phase 3, and one AVRK token is priced at $0.145, up by 38.10% from phase 2. Holders can get 8% in bonuses, and the project has received highlights from renowned YouTube enthusiasts like Crypto Shrek and Alien Crypto. The ICO success is already pumping interest in Avorak AI as it gears to its launch.
Avorak’s image and text generators simplify content creation while producing original content. For example, Avorak Write acts on user parameters to churn out content as per the user’s preferences.
Stacks operates unique applications on the Stacks blockchain built on top of the Bitcoin network. The Stacks blockchain is designed to mint Bitcoin-based non-fungible tokens (NFTs) called Ordinals. This allows for the creation and trading of NFTs on the Bitcoin network, previously limited to function only as a store of value. The project has also received significant investment and support from prominent blockchain investors.
STX is the native cryptocurrency of the Stacks blockchain used for transaction costs settlement, governance, and staking. STX gained a significant price increase and adoption in recent months due to the user interest in Bitcoin-based NFTs and the upcoming Stacks 2.0 upgrade. However, Stack adoption is subject to social acceptance and may present network congestion challenges and increased fees.
Quant (QNT) operates on the Quant Network platform designed for enterprise adoption and strives for interoperability between various blockchain networks. The Quant Network utilizes Overledger technology for seamless and secure communication between multiple. This technology allows for exchanging information and value between different networks, making it an essential tool for enterprise-level businesses seeking blockchain technology. QNT operates as a utility token on the Quant Network and is used for transactions and network governance. The token can be used as collateral across blockchains on the network.
The altcoins QNT, STX, and AVRK focus on interoperability, security, and adoption of blockchain technology in various ways. Avorak AI’s platform, with expansive tools, has the potential to transform how blockchains operate and communicate in the AI age.
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