Akash Network's Token Price Skyrockets Following Upbit Listing

By: Isha Das

The decentralized cloud computing company, Akash Network, experienced a significant surge in the value of its token, AKT, which observed a dramatic rise of approximately 46% in price within the past 24 hours. This surge, which pushed AKT's market capitalization to roughly $1.4 billion, was primarily driven by its recent listing on Upbit, a prominent South Korean cryptocurrency exchange. Apart from that, a substantial increase in AKT's social media volume further catalyzed investor interest. As of now, AKT's price hovers around $6.03, post its new all-time high of $6.84 achieved on the Kraken cryptocurrency exchange. Ongoing bullish indicators anticipate the price trajectory to potentially reach medium-term targets of $10.92 and $12.13, given broader market conditions remain favourable.