Akash Network Price Soars 31%: AKT Gains Momentum Upon Conclusion of Blockbuster Crypto Wallet Pre-Sale Reaching $12 Million
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The price of Akash Network (AKT) skyrocketed a staggering 31% in the last 24 hours, trading at $1.81 as of 3:10 a.m. EST with a monstrous surge in trading volume of 256%, hitting $236.26 million.
AKT's price soared from yesterday's $1.393 to its current price. After an initial surge to a resistance at $1.6, it was pushed back down to $1.5. But around six hours before writing this, the price rocketed to $1.73, and it's been on an upward trajectory ever since.
This massive boost happened around the same time as Bitcoin broke through the $94.5k barrier after dropping to $93k the previous day. Bitcoin's recovery may have allowed other cryptos, like the Akash Network's AKT token, to witness their own price surge.
It's essential to note that AKT has been steadily growing since the start of the week, climbing from $1.2 to $1.8 between April 28 and today.
Akash Network (AKT) Price Prediction
Although the token's price has seen a substantial increase in the last two days, it wasn't a smooth, steady climb, but rather a series of sharp boosts that were repeatedly rejected by resistances before overcoming them again.
Akash Network's Bollinger Bands exhibited similar behavior, expanding dramatically during the growth phase and then narrowing down as the price was rejected. Currently, the bands are in a narrow phase, which could mean a new surge is on the horizon.
AKT/USDT chart analysis (Source: TradingView)
The project's Relative Strength Index (RSI) value demonstrated impressive performance. It went from an oversold zone on April 29 to a value of 80 early on April 30. It then dropped to 50, only to surge back up to just below 80 on the same day. After that, it dropped to the oversold zone again as the day ended, only to see a rapid boost to 72.68 in the early hours of May 1.
The RSI then spent several hours fluctuating between 65 and 70, only to descend toward the neutral value of 50 at the time of writing. If the pattern holds, the price is likely to climb back up shortly.
Best Alternative to Akash Network: Best Wallet (BEST)
While AKT may recover in the coming hours, investors are shifting their focus to Best Wallet (BEST), which is still in presale.
BEST is a cryptocurrency that unlocks the wallet's full potential for those who hold the token. Given the wallet already offers numerous features, it's simple to understand why it's gaining popularity, quickly climbing the charts.
Best Wallet is a non-custodial mobile wallet for Android and iOS devices that supports over 60 blockchains and the thousands of cryptocurrencies that run on them. It enables users to connect their other wallets to it, managing all their funds and portfolios from one place.
🔥 Best Wallet Airdrop Ending Soon! 🔥
The airdrop campaign is officially ending on May 15th!🗝️ Here are the essential details:- All $BEST rewards will be distributed to Best Wallet addresses.- To receive your rewards, you must complete the "Connect Best Wallet" quest before... [Twitter Link]
Furthermore, it even boasts a native launchpad that rolled out several cryptos such as Wall Street Pepe, Pepe Unchained, and Catslap. Each of these projects experienced a price surge after going live, which lends credibility to the launchpad and its choice of promising coins and tokens.
Now, the launchpad is offering BEST, and those who hold it will get additional perks, such as reduced trading fees, higher staking rewards, early access to new tokens, and access to community governance.
Furthermore, crypto expert and YouTuber ClayBro with over 136k subscribers recently praised the success of utility tokens, encouraging investors to buy BEST. This has led the ICO to raise over $11.92 million, approaching the $12 million mark while the token's price remains at just $0.024925.
Interested investors will want to secure BEST before the next presale price hike happens in less than 9 hours!
👉 Visit the official Best Wallet website.
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- Akash Network's (AKT) price surge of 31% in the last 24 hours, trading at $1.81 with a staggering 256% increase in trading volume, could spike further interest in investing in cryptocurrencies, especially among finance enthusiasts.
- The upward trajectory of the Akash Network's AKT token and its price fluctuating around resistances suggests that technology and market dynamics play a crucial role in its price movement, underscoring the interplay of technology and lifestyle.
- As Best Wallet (BEST) moves closer to ending its airdrop campaign on May 15th, more investors are turning their attention to this alternative cryptocurrency, demonstrating a shift in focus from established cryptos like AKT to innovative projects still in their presale stage.
- The steadily growing popularity of Best Wallet, offering numerous features for managing various blockchain assets and funds, is a testament to the evolving landscape of finance and technology, influencing the lifestyle choices of investors and enthusiasts alike.
