The price of Akash Network’s native cryptocurrency, AKT, soared by 45% in the last 24 hours, reaching $6 as of 4 a.m. EST. This surge was accompanied by a remarkable increase in trading volume, which rose by 2,043% to $84.9 million.
Initially, AKT surged by over 50% to $6.8. Notably, during this upward movement, the token successfully transformed its significant historical resistance level at $6 into a robust support level. Currently, this support level is preventing AKT from undergoing a correction.

Akash Network Price Surges Ahead of Akash Accelerate ‘24 Summit
The recent surge in Akash Network’s price follows the announcement of Akash Accelerate ‘24, the project’s inaugural full-day summit. Scheduled for May 28 in Austin, Texas, the event aims to unite the community with a diverse agenda featuring presentations and panels from leading figures in the Decentralized AI sector.
Get ready for Akash Accelerate '24.This will be the first full-day Akash summit, bringing the entire community together for a packed agenda of presentations and panels from the brightest minds in the Decentralized AI space.When: May 28th, 2024 (before @consensus2024)
Where:… pic.twitter.com/Uu05PYlgxu— Akash Network (@akashnet_) April 22, 2024

Beyond the upcoming summit, Akash Network has been bustling with activity in recent weeks. On March 18, the project made headlines by revealing that its native cryptocurrency, AKT, would commence trading on Coinbase.
Furthermore, just last week, Akash witnessed a significant milestone with the deployment of Llama 3 70B on its network. This deployment marked the introduction of what Akash describes as “the most capable openly available AI model” to its platform.
Akash Network Price Surge Sparks Uncertainty Amid Rapid Correction
The sudden price surge of Akash Network’s token, AKT, caught many by surprise as it soared from $4.0082 to $6.8203 in less than 30 minutes. However, this rapid ascent led to a subsequent correction, bringing AKT to a support level at $6. Traders are now closely monitoring technical indicators for insights into the token’s next moves.
One such indicator is the Relative Strength Index (RSI), which soared to 97.77, signaling deep overbought conditions—a rarity in the crypto industry. Currently, the RSI has retreated to 72.95, suggesting profit-taking among traders.

Akash-Network-Price-Prediction: Source – TradingVie
Meanwhile, the project’s Bollinger Bands remain notably wide, typically seen as a bullish sign. However, these bands may begin to narrow in the hours ahead.
Given the sharp surge followed by a swift correction, there’s a possibility that the AKT price could break its $6 support level, potentially dropping to $5 or even returning to its initial price of $4.
However, some traders may view this correction as a buying opportunity, potentially supporting the price above $6 or even driving it higher.
Amidst this uncertainty, caution is advised for those considering involvement with AKT. Extensive research and careful analysis are essential before making any investment decisions in this altcoin.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#AKT  #Altcoin  #Bitcoin  #CryptoNews #akash $BTC $ETH $SOL

Today, in the world of cryptocurrency, Sei, Optimism, Akash Network, and Avalanche have shown remarkable gains.
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Sei’s surge is driven by positive market vibes, showcasing its technology for digital asset trading. Optimism stands out for its resilience amid market shifts, boosted by recent partnerships and network expansion. Akash Network’s climb highlights its innovative cloud computing approach, while Avalanche’s rise is fueled by its growth potential and upcoming network enhancements, cementing its role in the crypto world. Investors are eagerly awaiting future developments.

Dynamic Day in the Crypto Market
Today’s cryptocurrency market demonstrated strong activity, with a remarkable trading volume of $243.88 billion recorded in the last 24 hours. The prevailing bullish sentiment was evident as 94% of cryptocurrencies registered gains during this period.
Leading the charge, Nervos Network Price (CKB) saw an impressive surge of 56.20%, reaching $0.007431. Conversely, API3 Token (API3) experienced the largest decline of the day, dropping by -3.52% to a price of $3.57.
Sei: A Standout Performer in the Crypto Market
Investors are closely monitoring Sei amid a significant surge among today’s top crypto gainers. The recent rise of Sei reflects a bullish market sentiment, with the Greed/Fear Index hitting an extreme level of 79 (Extreme Greed). Currently priced at $0.740470, Sei has experienced an impressive 11.26% surge in the last 24 hours, elevating its market capitalization to $1.80 billion and securing its position at #11 in the Proof-of-Stake Coins sector and #27 in the Layer 1 sector.
Sei distinguishes itself with innovative technology tailored for digital asset trading. Its advanced consensus mechanism and technical capabilities position it as one of the fastest blockchains available, specifically catering to the requirements of exchanges and decentralized trading platforms. The native token of the Sei blockchain, SEI Coin, offers users unmatched speed, efficiency, and security in transactions, setting it apart in the competitive cryptocurrency landscape.
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Despite recent market fluctuations, Sei maintains its competitive edge and demonstrates resilience against major cryptocurrencies. Over the last month, Sei has experienced a slight downturn, showing a decrease of -2.03% against Ethereum and -12.92% against Bitcoin. However, with a trading volume of $728.76 million and a market dominance of 0.10%, Sei exhibits strong liquidity and market presence.

Optimism: Advancing Ahead of Bitcoin Halving
Optimism has emerged as one of today’s top crypto gainers, making significant strides in anticipation of the Bitcoin halving in 2024. A recent partnership announcement with Base, focusing on protocol management and economics, aims to bolster Optimism’s features and attract more users.
Despite a minor decline in trading value from $4.57 to $3.72, OP remains a major player in the Ethereum ecosystem. This dip does not overshadow its resilience, especially amidst a broader altcoin rally triggered by Bitcoin’s surge to over $48,000.
Optimism boasts a market cap of $799.71 million and a 24-hour trading volume of $806.33 million. Additionally, OP is trading well above its 200-day simple moving average, currently at $1.598170, indicating market stability and investor confidence.

Experts view cryptocurrencies, like Optimism, as hedges against volatility in traditional assets. This sentiment is particularly evident amid concerns about the stability of the U.S. banking system following the struggles of New York Community Bancorp. Optimism’s integration with Orderly Network has led to an impressive 800% increase in addresses, demonstrating growing interest in the platform.
Akash Network: A Standout Performer Among Top Crypto Gainers
Among today’s top crypto gainers stands Akash Network, drawing attention for compelling reasons. Currently priced at $3.29, Akash Network has experienced an 8.15% surge in the last 24 hours, accompanied by a significant increase in market capitalization to $749.12 million.

Akash holds the #17 position in the Proof-of-Stake Coins sector and #6 in the AI Crypto sector, driven by a bullish market sentiment reflected in the Greed/Fear Index rising to 79.
A standout feature of Akash Network is its innovative technology, utilizing blockchain to establish an open-source, decentralized marketplace for cloud computing. This approach delivers unmatched speed, efficiency, and affordability to users.
The utility of AKT extends beyond cloud computing, facilitating staking, governance, and transactions within the ecosystem. This incentivizes network operation and fosters active participation. In terms of performance, Akash has exhibited impressive month-to-date growth, with a 14.88% increase in the last month. It has also outperformed 94% of the top 100 crypto assets in the past year, including Bitcoin and Ethereum.

With a trading volume of $5.74 million and a market dominance of 0.04%, Akash Network demonstrates robust liquidity and market presence. Positioned as an innovator in cloud computing, Akash continues to attract attention and investment in the cryptocurrency space.
Avalanche Emerges as a Top Crypto Gainer
Avalanche has once again secured a place among today’s top crypto gainers, witnessing a notable increase of 6.33% in the past 24 hours. This surge has propelled its current price to $41.40, with a substantial trading volume of $1.34 billion, driving its market capitalization to an impressive $15.21 billion. With a market dominance of 0.81%, this bullish momentum cements Avalanche’s position as a significant player in the crypto space.

Avalanche’s performance over the past year underscores significant growth potential, with a remarkable 134% increase in price. Outpacing 79% of its crypto counterparts, including Bitcoin and Ethereum, Avalanche’s upward trajectory is evident. Moreover, trading well above its 200-day Simple Moving Average, currently at $15.75, further bolsters investor confidence.

In recent news, Avalanche Network is preparing for two major events: the Durango upgrade activation and a token unlock, scheduled for February 13 and 22, respectively. These events hold significance for AVAX holders and may impact the token’s price. With pre-released code circulating and a focus on enhancing cross-chain communication, anticipation surrounds the network’s evolution.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#sei #optimism #akash #akt #avax