Bittime - Upbit, a South Korean Crypto Exchange, Lists Akash Network (AKT) on its Platform. AKT experienced a price spike that reached a new All Time High.
Akash Network Rises on Inter-Crypto Chart
Akash Network, known for its decentralized cloud computing services , has risen into the top 100 cryptocurrencies by market capitalization after being listed on a major exchange.
The platform allows trading of computing resources such as CPU, GPU, and storage, and saw increased activity with the addition of KRW, BTC, and USDT pairs.
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AKT Price Increase After Listing
After its debut on Upbit, one of South Korea's major exchanges, the price of AKT jumped more than 50%, reaching $7. This impressive price increase places AKT currently ranked 75th by market capitalization, surpassing the $1 billion mark.
AKT's market capitalization currently stands at $1.4 billion, with a daily transaction volume of $95 million. The impact of the listing on South Korean exchanges underscores the influence of Asian markets.
Big Time Token (BIGTIME) Also Steals Attention After Upbit Listing
Coin Bureau commented on the significant market response to AKT's listing, highlighting the strength of the listing on the South Korean exchange. Additionally, Upbit's latest lineup also includes the game Big Time (BIGTIME), a free-to-play multiplayer RPG game set in a nearly destroyed world, with the aim of building a user-centric gaming economy-based ecosystem.
BIGTIME also saw a significant increase in value after being introduced on Upbit, with a gain of 6.57% on the day, although it experienced a retracement after the initial post-listing price spike.
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Market Spotlight on AKT Price Movement
AKT has shown great performance, with a gain of 50.36%, attracting attention in the latest market analysis. The trading chart shows AKT's impressive rise to $6.13, attracting the interest of market watchers.
The candlestick pattern on the daily chart indicates strong buying momentum, pushing the price beyond the previous resistance level. The Relative Strength Index (RSI), which measures market momentum, has risen but remains below the overbought zone, indicating potential for continued growth without concerns of saturation soon.
This upward trend in AKT's price reflects growing enthusiasm among investors, driven by Upbit's listing and the rising popularity of decentralized cloud computing platforms.
If the current price level of around $6.13 holds, AKT may see a period of consolidation. This level was previously a resistance point that was only exceeded twice since September 2021.
Current Akash Network (AKT) Price
According to bittime exchange the price of 1 AKT to IDR is currently at IDR 81,784.66 and over the last 24 hours it has decreased by -17.80%
AKT to IDR via Bittime Exchange
Conclusion
With AKT successfully breaking through this barrier, there will likely be a retest and the formation of a support level at this level. If successful, the next target could be an all-time peak, opening up the opportunity for further profits.
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How to Buy Akash Network (AKT) on Bittime
You can buy and sell Akash Network (AKT) in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Akash Network (AKT) is available on Bittime with the market pair AKT/IDR . To be able to buy AKT IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn the complete guide on how to buy Akash Network (AKT) on Bittime .
Monitor price chart movements of Akash Network (AKT), Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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