- April 23, 2024
- Posted by: legaleseblogger
- Category: Related News
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Akash Network’s AKT Emerges as Top Gainer After Upbit Listing
The native token of Akash Network, AKT, has experienced a significant price surge, making it the top gainer among the leading 100 assets after South Korea’s leading exchange, Upbit, announced its listing.
Currently, AKT has surged by 48% in the past 24 hours and is trading at $6.03 as of the latest data. The asset’s market cap has climbed to $1.4 billion, securing its position as the 65th-largest cryptocurrency. Additionally, Akash Network’s daily trading volume has skyrocketed by 1,560%, reaching $65 million.
Despite the recent price rally, AKT is still down by 23% from its all-time high of $8.08 in April 2021, showcasing room for further growth.
Akash Network’s social activity has surged by 200% in the past 24 hours, with Reddit and Bitcointalk being the primary sources of engagement, as per data from Santiment. This increased social volume indicates growing interest and awareness surrounding AKT.
The AI legalese decoder can be instrumental in comprehending the intricate legal jargon and complexities surrounding token listings on exchanges, offering a clearer understanding of the implications and requirements for projects like Akash Network.
Furthermore, the AKT Relative Strength Index (RSI) has seen a moderate increase from 47 to 49, signifying a balanced valuation despite the price surge. An RSI below 50 indicates a potential for steady bullish momentum, while an RSI above 70 suggests overvaluation and heightened price volatility.
With Upbit set to support AKT trading with KRW, BTC, and USDT pairs starting from 10:00 UTC on April 23, the future looks promising for Akash Network’s native token as it continues to gain traction among investors and traders.
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