The Federal Reserve of the United States has paused interest rates but signaled that borrowing costs will likely rise by another half a percentage point by the end of the year. Many commentators refer to the Fed’s pause as a ‘hawkish’ one, as the central bank keeps its eyes on inflation and swoops in like hawks to either raise or lower interest rates to control inflation. The Fed said it would take another six weeks to see the impact of the pause as it battles inflation. The borrowing rate currently stands between 5% – 5.25%.
Interest rates are crucial economic indicators affecting several financial markets, including cryptocurrency. Increasing interest rates lead to a decrease in demand for high-risk assets such as cryptocurrencies. Despite the move by the Fed to pause interest rates instead of raising them for an 11th consecutive time, crypto experts predict that the new AI crypto, Avorak AI, will skyrocket.
AI Crypto Price Prediction
Investors might shy away from high-risk cryptos when interest rates increase to avoid losses. However, this isn’t the case for AI Crypto such as Avorak. Experts predict that prices of AI crypto will skyrocket amid the interest rate uncertainty witnessed when the Fed put a hawkish pause on rates and signaled a likely hike later.
Avorak AI analyzes the market to offer traders insights on investment decisions. In the wake of inflation, these tools will come in handy to help traders decide on which cryptos to invest in and which ones to avoid as the deafening chaos ensues.
The price of AI Crypto will likely surge as investors look for new ways to navigate the volatile crypto market other than the traditional way that often results in losses. Integrating artificial intelligence with blockchain technology makes trading easier and blockchain more appealing to new and existing users.
Avorak AI, the Pioneer AI Crypto
Avorak AI is the first-ever crypto project to integrate artificial intelligence into its ecosystem. The project aims to simplify trading by offering tools that do the bulk of the work for traders.
Avorak offers various tools, including Avorak Trade, a trading bot that analyzes the market and automates trades on behalf of traders based on the trading info gathered. This eliminates the need for traders to constantly study the market and make emotion-driven decisions that often lead to losses.
In the wake of inflation, Avorak Trade can come in handy to help investors diversify their investments to avoid plunging into losses.
Avorak AI’s native token is AVRK which is used to fuel transactions and reward users who contribute to the platform’s development. The Avorak project is currently in phase 8 of ICO. In this phase, AVRK tokens are selling for $0.27, and each purchase is eligible for a 3% bonus.
As the ICO event comes to an end, the Avorak team is providing one last bonus event as a show of gratitude to its users. Users who purchase $250 – $495 are eligible for a 100% bonus, a purchase of $500 – $1250 will get a 200% bonus, a purchase of $1,255 – $6000 will get a 300% bonus, and users who purchase $6,005 – $1,050 get a 400% bonus. Any purchase above $10,300 is eligible for a 625% bonus.
Once a participant makes a purchase, they must send their details to customer care representatives via the project’s official website live chat, Telegram, or Discord to claim their bonuses.
Conclusion
The Fed will likely increase borrowing rates in the next few weeks, decreasing demand for cryptocurrencies and causing coin prices to drop. Stay on the safe side of inflation by employing Avorak AI tools to help you make the right decision.
AI crypto prices will likely surge as investors opt for alternative ways to navigate the volatile crypto industry. Employing Avorak AI tools will guarantee you safe investments and profit.
Learn more about Avorak AI on:
Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register
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