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The Akash Network price rose 12% in the last 24 hours to trade at $3.99 as of 00:10 a.m. EST on trading volume that dropped 2% to $10 million.
The surge comes a month after the token was listed on Coinbase for trading. Akash Network continues leading the way on the Decentralized Physical Infrastructure Networks (DePIN) front, leveraging decentralized networks for non-crypto uses.
Coinbase will add support for Akash Network (AKT) on the Akash network. Do not send this asset over other networks or your funds may be lost. Transfers for this asset are available on @Coinbase & @CoinbaseExch in the regions where trading is supported.
— Coinbase Assets 🛡️📞 (@CoinbaseAssets) March 18, 2024
The token is the top gainer among the biggest 100 cryptos by market capitalization, with Bitcoin gaining just 1% and many others climbing less than 5%.
Akash Network Price Set For A Rebound Over The Falling Wedge Pattern
The Akash price has been on a steady rise since mid-November of last year as it came out of a consolidation channel around $1.5 to hit a new yearly high of $6.45, acting as the immediate resistance the bulls must overcome.
AKT bulls have been unable to recover this high, with the price going through a retrace within a falling wedge.
However, there seems to be some revival action on the $3.0 support, with the bulls striving to make a strong recovery above the upper boundary of the falling wedge pattern.
The AKT price is also trading above the 200-day Simple Moving Average (SMA), a confirmation of the bullish stance around $3 to push the price even higher. If this momentum is sustained, the price may surpass the 50-day SMA hurdle of around $4.93.
Additionally, the Relative Strength Index (RSI) is trading upwards from the oversold level at 43, showing increased interest from investors. An increase in buying pressure could result in the price soaring to even higher positions.
Akash Network Price Prediction – $6.7 In Sight
The Akash bullish momentum is strong, according to the analysis on the 1-day chart, with the bulls driving the price to cross the upper boundary of the falling wedge. Additionally, the golden cross, around $0.41, supports bullish sentiments in the long term, with the target set at $6.7.
Conversely, continuous selling from the bears could push the price down to support around $2.8, which coincides with the 200-day SMA. This support acts as a cushion against downward pressure and is a suitable support for the bulls to stage another bullish rally.
Meanwhile, investors are also buying another DePIN alternative, eTukTuk, a project that aims to revolutionize the transport system by leveraging AI and blockchain technologies.
eTukTuk Presale Surges Past $3 Million – Best Green Crypto To Buy Now?
eTukTuk (TUK) has rocketed past $3 million in presale as investors flock to its innovative use of blockchain technology to promote sustainability in urban transit.
1/ The sustainable mobility market is booming globally as societies prioritize environmental sustainability and energy efficiency.
Let's delve into key trends and developments shaping this transformative sector 🧵 pic.twitter.com/A9ooNCSZ1k
— eTukTuk (@eTukTukio) April 13, 2024
The project is set to optimize routes and alleviate traffic congestion by leveraging AI-driven efficiency.
As the project continues to attract more attention, its integration of sustainable solutions with innovative technology positions it as a compelling opportunity for investors seeking both environmental and financial returns.
Buy And Stake $TUK For 90% Annual Rewards
The eTukTuk has a staking option that enables investors to can earn passively by staking $TUK for a 90% annual percentage yield (APY).
3/
Staking
Through Power Staking, participants can stake their $TUK tokens to power the network.
This will allow them to share in the success of the ecosystem, where they can earn rewards in return for supporting the shared economy. 🤑
— eTukTuk (@eTukTukio) April 15, 2024
There’s also an opportunity to earn by the play-to-earn game called Crazy Taxi, which is set to launch soon. You can earn token rewards by ferrying passengers to different locations on the busy streets of Sri Lanka.
Get ready for an electrifying adventure! 🚗⚡️
Our new mobile game 'Crazy TukTuk Taxi' is zooming onto the Play Store and App Store soon.
Stay tuned for the ultimate tuk-tuk experience! pic.twitter.com/k7tWgpHCXu
— eTukTuk (@eTukTukio) April 10, 2024
According to Jacob Bury, a prominent crypto analyst and YouTuber, eTukTuk has the potential to soar 10X after launch.
To participate in the presale, you can buy $TUK at $0.03 per token before the price increases in less than four days.
You can buy $TUK tokens today by visiting the official eTukTuk website here. Swap BNB or USDT for $TUK tokens, or buy directly using your bank card.
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