Akash Network Soars After Upbit Listing
South Korean crypto exchange Upbit has recently added Akash Network (AKT) to its list of supported cryptocurrencies. Since the listing, AKT has experienced a significant surge in its price, reaching a three-year high.
Akash Network Rallies Into the Top 100
- Akash Network (AKT) is a decentralized cloud computing marketplace that has climbed into the top 100 cryptocurrencies by market capitalization following its listing on a major crypto exchange.
- The platform allows users to trade computing resources like CPU, GPU, and memory and has seen increased activity with the introduction of market support for KRW, BTC, and USDT.
- After being listed on South Koreaโs leading crypto exchange, Upbit, AKT surged over 50%, reaching $7 and is currently ranked 75th by market capitalization, surpassing the $1 billion mark.
- AKTโs market capitalization stands at $1.4 billion, with a daily transaction volume of $95 million.
South Korean Exchange Listings Boost Cryptocurrency Performance
South Korean exchange listings have once again demonstrated the strength of the Asian crypto community.
โThe price action of Akash AKT just showed us exactly how powerful South Korean exchange listings are.โ
- Upbitโs recent listing also included Big Time (BIGTIME), a multiplayer RPG action game aiming to create a user-centered game economy.
- Big Time saw a 6.57% price increase following the Upbit listing, showing positive market response.
Akash Networkโs Price Surge Captures Market Attention
AKT has shown remarkable performance by surging 50.36%, reaching $6.13, attracting attention from market analysts and traders.
- The daily chart indicates strong buying interest, pushing the price above previous resistance levels.
- The Relative Strength Index (RSI) has spiked but remains below overbought territory, suggesting sustainable growth without immediate concerns of overextension.
- This uptrend reflects growing investor interest in AKT, driven by the recent Upbit listing and the popularity of decentralized cloud computing services.
A Possible Path Ahead for AKT
The current price action could lead to consolidation around $6.13 if support holds, with the potential for a retest and hold scenario. This could pave the way for AKT to target its next resistance level and potentially reclaim its all-time high.
Hot Take: Conclusion for Crypto Enthusiasts
Akash Networkโs recent listing on Upbit has propelled AKT to new heights, showcasing the impact of exchange listings on cryptocurrency performance and market sentiment. With a surge in price and market capitalization, AKT is poised for further growth and could potentially reach its all-time high in the near future. Stay tuned for more updates on AKTโs price movements and market trajectory.
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