Many cryptos appear to be starting bullish runs, with Bitcoin leading the way. Some cryptos are breaking out of very strong price suppression, which usually means the start of very fast upward momentum. XRP is looking that way.
XRP Price
XRP price has made significant headway this month. After sitting in a multi-year downtrend, XRP price has finally broken above the trendline. This is likely to signal a strong reversal to the upside.
XRP Price Prediction
XRP is currently in a battle with the Securities and Exchange Commission (SEC) about defining the XRP coin as a security which therefore means the Ripple company would have sold XRP as an unregistered security.
If this battle versus the SEC is won by Ripple, $0.90 is a likely target in a very quick timeframe, with this breakout bringing significant attention at a crucial timeframe for the cryptocurrency.
XRP News
According to Santiment, XRP whales have been accumulating XRP over the past few weeks, which usually means significant positive price action is on the way.
The increase in wallets is 50% up for holders in the range of 10m – 100m, which means a potential $380 million influx into XRP across these 55 new holders.
Avorak AI
Even more bullish than this is the significant increase in holders for the Avorak AI ICO.
Now at over 450 holders, blockchain analysts have spotted 15 large buyers in the past week for Avorak from wallets that hold significant amounts of other bullish cryptos. These whales, as can be seen in XRP data, have access to data most don’t, in addition to inside information and sometimes even companies dedicated to scouring the internet for prime investments. With the whales moving into Avorak, on-chain buy signals are triggering for this artificial intelligence project.
What does AVRK do?
As mentioned by well-known YouTube accounts, Avorak is a full set of automated intelligence systems that can facilitate financial and creative tasks. AVRK is the credit used to pay for these services, and users pay with AVRK at an equivalent USD value. This means that the use of the Avorak services directly correlates to the market cap and price of the AVRK token, as the more demand for the services, the more the buying of the AVRK token to use as credits.
This also benefits holders, as 49% of all revenue, as per the whitepaper, is directed back to the holders as a form of revenue share. This double-use case is incredible and gives considerably more utility than the XRP coin.
Analysts are bullish on XRP, but with the market cap valuation and long-term product development, AVRK is the number one pick for potential profits over the next two years.
Want to learn more about Avorak AI?
Website: https://avorak.ai
Whitepaper: https://avorak-labs-and-technology.gitbook.io/avorak-a.i-technical-whitepaper/
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