Many cryptocurrencies have made powerful moves over the past weeks, with a select few considerably outperforming the market.
Bitcoin (BTC) has rallied over 30% in less than seven days, with other large market cap cryptos like Ethereum (ETH) and BNB failing to keep the same pace with a respectable but lower 20% gain.
Which cryptos are showing the most strength?
Conflux (CFX) Price
Conflux is, in their own words, “… 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.”
This strong narrative toward bringing crypto into a satisfactory standing with regulators in China has caused the coin to gain nearly 15x in value from January prices, an incredible feat of price action.
With Bitcoin (BTC) gaining +30%, this shows the altcoin narrative for the viability of the use case is still incredibly strong, and so finding the right crypto before it takes off is a surefire way to move towards financial freedom.
Many analysts are marking AVRK as their next ‘top altcoin’ for making sound profits. The project is dedicated to bringing a large variety of creative and financial tools to market to facilitate image generation, smart writing, and a full trading suite, including automated trading bots.
In order to use these features, users must pay for credits using AVRK, meaning that whenever someone is buying credits to use Avorak they are buying AVRK. This means the demand for the product itself will turn into positive price action, something that is rare in the cryptocurrency world, where most revenue is coming through limited systems.
In addition to this, 2% of all of the incoming revenue will be burned. This doesn’t work like the terrible ‘taxed token’ burn system that takes the burn amount out of users’ buys and sells, meaning it is a sustainable model and directly proportional to the demand for the product.
One example would be if the AVRK token has a $40 million market cap and $40 million of revenue was taken in a month, 2% of the total market cap would be burned. This is a sensational concept that has not been implemented before, and as such is likely that AVRK will follow the pattern of incredible gains made by Conflux since January.
The ICO is moving into the third phase soon, with a price increase again, so purchasing before that happens will net a guaranteed profit for phase two buyers.
Want to learn more about Avorak AI?
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