Benzinga - Meme coins have gained popularity for being a means to ‘get rich quick,’ but it has also been a cause for traders to ‘lose quick’ because of market volatility. Usually, these cryptocurrencies are useless and purely associated with a picture or an animal. The idea than one of these cryptos would go up significantly in price is absurd, but the reality is that some meme coins do create new millionaires each year, with about the same chances as winning the lottery. Many people throw money into endless meme coins with the hope that one of them will take off, but there’s a better way. First lets cover the most recent meme phenomenon, Pepe.
What is Pepe Coin?
Pepe Coin is a cryptocurrency token based entirely on the ‘Pepe the frog’ meme that is widely used online, especially in the cryptocurrency communities. Even on the Pepe website, the creators themselves state that the coin has no use, no financial expectations, and that it is purely for fun. Basically, a useless asset for gambling and hype.The Rise of Pepe Coin
Pepe Coin, regardless of the sheer uselessness of the token, managed to reach an astronomical $1.2 billion market cap in only a short time. This astronomical feat was in no small part due to a large amount of ‘Crypto Twitter’ (a large community on Twitter that talks mostly about cryptocurrency) being involved with putting the token in the spotlight. This caused a flurry of buying that sent the crypto 1000x from the bottom price, causing most exchanges to list the crypto, with the peak being the listing in Binance. This is an astronomical surge in only around a month.Avorak AI and How it Can Help Trade Meme Coins
The hardest part of all this is working out how you can join these astounding crypto pumps without having to thinly spread capital across hundreds of moonshot tokens in the vain hope that one of them will make you mega-rich.
Avorak AI is a trading platform that scours thousands of simulated trades across multiple timeframes in an effort to find the perfect entry point to maximize potential profits. Avorak analyzes these meme coins and aims to give the best entry possible. It is no surprise some of the ‘meme-coiners’ are amateur traders and will follow simple trading patterns. This makes it even easier for the Avorak bots to pick up on the right entry points and help make significant profits from these trades.
What is more interesting is that the AVRK token is required as a small payment to use the bots and other Avorak products. This means as long as the bots continue to make people profits, AVRK will continue to have buy pressure. This may mean that the AVRK token itself would be a better choice than any meme coin that has no intrinsic value or use.
Whether using Avorak to trade meme coins, or buying the AVRK token due to its solid use cases beyond what was covered here, Avorak has something that can assist everyone.
Want to learn more about Avorak AI?
Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register
This post was authored by an external contributor and does not represent Benzinga's opinions and has not been edited for content. This content contains sponsored advertising content and is for informational purposes only and not intended to be investing advice. Cryptocurrency is a volatile market; do your independent research and only invest what you can afford to lose. New token launches and small market capitalization coins are inherently more risky than large cap cryptocurrencies. These tokens are subject to larger liquidity and market risks.
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