SPONSORED POST*
XRP has been around for a while, but for those new to cryptocurrency or those already in the cryptocurrency industry but living under a rock for the past decade, you may find yourself asking, “what is XRP?”
Summary
What is XRP?
This behemoth cryptocurrency began in 2012 with the intent of providing cross-border transactions that didn’t take days like the traditional banking systems, but mere minutes instead. This has been highly used, as XRP’s volume is in the billions of dollars monthly.
This large-scale volume has brought some negative attention, however, as the SEC is suing Ripple for the sale of ‘unregistered securities.’
Ripples argument, because the token’s utility is to transfer value, is that it is instead a commodity, which it appears the likely outcome of the court case.
How to trade XRP?
XRP is available on most major exchanges, such as Binance, OKEx, Kucoin, Coinbase etc. It is easily available to trade, but the real question is how to know how to make money by trading XRP?
You could spend days, weeks, months learning how to trade using candlestick patterns, volume profiles, orderbook analysis, test trading and recording the successes and failures of these pretend trades to develop a system that works for you.
Or….
Avorak
The alternative is to use the Avorak trading bots. These trading bots will not work the same way traditional bots do, they do not simply respond to your commands but they analyze many indicators across many timeframes in order to create entry and exit targets.
This kind of work that would take hours across multiple assets with manual analysis takes only minutes with the Avorak bots, allowing you to sit back, press the button, and allow Avorak to do the trading work for you.
The win rate is not 100%, but with the bots doing correct risk management, the overall profit at the end of the day is what counts.
AVRK Token
Where the AVRK token comes into this, is that it is used as a credit to access the Avorak tools, one of which is this trading bot.
As more and more users find out about the self-learning mechanisms of this trading system, the onboarding rate will increase, and it is highly likely the cost of AVRK will push upward as people purchase it to access the system.
This could be a double-whammy as users gain value on both their trading assets and their AVRK held.
In summary, AVRK shows a very bullish outlook, and no one even needs to ask the question, “what is XRP?” to make money from it.
Want to learn more about Avorak AI?
Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register
*This article was paid for Cryptonomist did not write the article or test the platform.
