Akash Network’s native coin, AKT, has increased by 48% since it was listed on Upbit, one of the major exchanges in South Korea.
In the last 24 hours, AKT has increased to $6.03, making it the top gainer among the top 100 assets. AKT is now the 65th most significant cryptocurrency, with a market cap of $1.4 billion. Also, the amount of money traded daily on Akash Network has increased by an amazing 1,560%, hitting $65 million.
No matter how much it goes up, AKT is still less than its all-time high of $8.08 in April 2021. The price of AKT went up at the same time that Upbit said it would list the asset and give trading pairs with KRW, BTC, and USDT. On April 23, at 10:00 UTC, trading for AKT began on Upbit.
Akash Network’s Social Surge and Stable RSI: Analyzing AKT’s Market Sentiment
Since 24 hours ago, Akash Network’s social traffic has increased by 200%, according to data from Santiment. The market intelligence platform says that much of this social action comes from Reddit and Bitcointalk.
Notably, Santiment’s data shows that AKT’s Relative Strength Index (RSI) has slightly increased from 47 to 49. This means that AKT is still in a good spot—it’s neither overvalued nor undervalued—even though its price has recently increased.
If the RSI goes above 70, it usually means that the market is overvalued, which could make prices more volatile. On the other hand, an RSI below 50 means that the object is steadily moving up.
Investors are closely monitoring AKT’s success as the cryptocurrency market changes. This is because AKT is still gaining popularity after being listed on Upbit.
