시가 총액
24시간 볼륨
6566
암호화폐
51.43%
Bitcoin 공유

Akash Who? Lesser-Known Altcoin Rules Weekend’s Top 100 List With 40% Rally

Akash Who? Lesser-Known Altcoin Rules Weekend’s Top 100 List With 40% Rally


NewsBTC
2024-01-07 11:02:47

Over the course of a single year, Akash (AKT) – a seemingly unheard of altcoin – exhibited a surprising surge, with its value skyrocketing by over 1,400%, showcasing remarkable resilience and strength in the market. This strong performance not only underscores the asset’s robustness but also positions it as a notable player in the cryptocurrency landscape. Related Reading: Cardano Surges Nearly 250% In Development Activity, Whale Buying Appetite – Details Akash Network’s Remarkable Recovery Surge When the price of the Akash Network (AKT) token recovered from the $0.75 level in mid-October 2023, it began an aggressive recovery pattern within the general tone of the market. The coin has increased by around 322% in the last three months alone. At the time of writing, AKT was trading at $3.11, up nearly 8% in the last 24 hours. Notably, the coin has tallied an impressive 40.4% increase in value in the last seven days, and currently sits at the No. 90 spot of Coingecko’s Top 100 roster. AKT seven-day price action. Source: Coingecko Operating on the Cosmos blockchain, Akash Network is an open-source, decentralized cloud computing platform that offers a unique take on cloud services. This cutting-edge network increases price-performance and scalability for decentralized applications and organizations by facilitating the deployment of any cloud-native application. Utilizing the Cosmos SDK, a layer 1 protocol underpins the Akash platform. By using a Proof-of-Stake consensus process and a network of decentralized validators, it maintains network integrity. AKT currently trading at $3.11794079. Chart: TradingView.com These validators, who get commission payments in AKT, the native token of the network, are essential to the process of adding new blocks to the blockchain. By staking their tokens, AKT holders—also referred to as delegators—further enhance the Akash chain’s security. Coinciding with the apparent divergence of opinion on the legitimacy of spot Bitcoin ETFs, AKT has recently experienced a jump in price. Dennis M. Kelleher, CEO of Better Markets, recently asked the US SEC to turn down all ETF proposals. Potential fraud and manipulation are Kelleher’s main concerns, and she emphasizes that the SEC is in charge of averting significant harm to investors. Akash (AKT) Price Analysis The chart (below) shows the price of Akash Network (AKT) over a 4-hour period. The price has been in a downtrend since October, but it appears to be forming a bullish flag pattern. A bullish flag is a continuation pattern that occurs after a strong uptrend. The price consolidates within a narrow range for a period of time, before breaking out above the upper trendline of the flag. The breakout on January 3rd suggests that the bulls are back in control and that the uptrend is likely to resume. The upper Bollinger Band is also rising, which is another indication of bullish momentum. Akash Network coin price| TradingView chart If the uptrend continues, the price could reach a target of $3.60, which is a 16.86% increase from the current price. However, it is important to note that there is no guarantee that the price will reach this target. The price could also break down below the lower trendline of the flag, which would signal that the downtrend is resuming. Overall, the chart looks bullish, but it is important to be aware of the risks involved in trading any cryptocurrency. Here are some additional things to keep in mind: The price of AKT is still well below its all-time high of $8.20, which it reached in April 2021. The cryptocurrency market is very volatile, so it is important to be prepared for sudden price swings. Related Reading: Polygon SAGA Airdrop: A Game-Changer For MATIC Investors? Featured image from Shutterstock


면책 조항 읽기 : 본 웹 사이트, 하이퍼 링크 사이트, 관련 응용 프로그램, 포럼, 블로그, 소셜 미디어 계정 및 기타 플랫폼 (이하 "사이트")에 제공된 모든 콘텐츠는 제 3 자 출처에서 구입 한 일반적인 정보 용입니다. 우리는 정확성과 업데이트 성을 포함하여 우리의 콘텐츠와 관련하여 어떠한 종류의 보증도하지 않습니다. 우리가 제공하는 컨텐츠의 어떤 부분도 금융 조언, 법률 자문 또는 기타 용도에 대한 귀하의 특정 신뢰를위한 다른 형태의 조언을 구성하지 않습니다. 당사 콘텐츠의 사용 또는 의존은 전적으로 귀하의 책임과 재량에 달려 있습니다. 당신은 그들에게 의존하기 전에 우리 자신의 연구를 수행하고, 검토하고, 분석하고, 검증해야합니다. 거래는 큰 손실로 이어질 수있는 매우 위험한 활동이므로 결정을 내리기 전에 재무 고문에게 문의하십시오. 본 사이트의 어떠한 콘텐츠도 모집 또는 제공을 목적으로하지 않습니다.