Akash Network Price Prediction: Top Performer AKT Surges 12% as Presales of This Green AI Surpass $3 Million.

adminApril 17, 2024

join us telegram A channel to stay up to date on breaking news coverage

Akash Network price is up 12% in the last 24 hours. Deal for $3.99 As of 0:10 AM ET, trading volume was down 2% to $10 million.

This surge comes a month after the token was listed on Coinbase for trading. Akash Network continues to lead the way in the Decentralized Physical Infrastructure Network (DePIN) space by leveraging decentralized networks for non-crypto purposes.

Coinbase is adding support for Akash Network (AKT) to the Akash Network. Please do not send this asset over any other network. Otherwise, you may lose your funds. Transfer of this asset is possible at: @Coinbase & @CoinbaseExch In regions where trading is supported.
— Coinbase Assets 🛡️📞 (@CoinbaseAssets) March 18, 2024

The token has the highest gain among the top 100 cryptocurrencies by market capitalization, with Bitcoin up just 1% and many other cryptocurrencies up less than 5%.

Akash Network Price Set for Rebound Against Falling Wedge Pattern

Akash Network Price Chart Analysis Source: Tradingview.com — AKTUSD Chart Analysis Source: Tradingview.com

Akash price has been rising steadily since mid-November last year, breaking out of a consolidation channel around $1.50 to hit a yearly high of $6.45, which acted as immediate resistance for the bulls to overcome.

AKT bulls failed to recover this high as the price experienced a retracement within the descending wedge.

However, there appears to be some recovery action around the $3.0 support area, with the bulls trying to make a strong recovery above the upper limit of the falling wedge pattern.

AKT price is also trading above the 200-day simple moving average (SMA), which confirms the bullish stance to push the price higher around $3. If this momentum continues, the price could surpass the 50-day SMA hurdle of around $4.93.

Additionally, investor interest is increasing as the Relative Strength Index (RSI) is trading upward from the oversold level of 43. As buying pressure increases, the price may surge to higher positions.

Akash Network Price Prediction – $6.7 Confirmed

Analysis of the 1-day chart shows that Akash’s bullish momentum is strong, with the bullish force driving the price to cross the upper boundary of the descending wedge. Additionally, a golden cross around $0.41 supports long-term bullish sentiment, with a target of $6.7.

Conversely, continued bearish selling could push the price lower to support around $2.8, which is in line 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 buying eTukTuk, another DePIN alternative. eTukTuk is a project that seeks to revolutionize the transportation system by leveraging AI and blockchain technology.

eTukTuk Presales Surpass $3 Million – The Best Eco-Friendly Cryptocurrency You Can Buy Now?

Ituk Tuk (TUK) Pre-sale volume exceeds $3 million as investors explore innovative uses of blockchain technology to promote sustainability in urban transportation.

1/ The sustainable mobility market is growing rapidly globally as society prioritizes environmental sustainability and energy efficiency.
Let’s take a look at the key trends and developments shaping this innovative sector 🧵 pic.twitter.com/A9ooNCSZ1k
— eTukTuk (@eTukTukio) April 13, 2024

The project is set to leverage AI-based efficiency to optimize routes and ease traffic congestion.

As projects continue to attract more attention, the integration of sustainable solutions and innovative technologies is becoming an attractive opportunity for investors seeking both environmental and financial benefits.

Buy and stake $TUK to receive 90% annual rewards

eTukTuk has a staking option that allows investors to earn passively. $TUK Staking It offers a 90% Annual Percentage Yield (APY).

three/
staking
Power Staking allows participants to stake their stake. $TUK Tokens that power the network.
This allows you to share in the success of the ecosystem and receive rewards for supporting the sharing economy. 🤑
— eTukTuk (@eTukTukio) April 15, 2024

There are also opportunities to earn money through play-to-earn games. crazy Taxi, It will be released soon. Earn token rewards by transporting passengers to various locations on the busy streets of Sri Lanka.

Get ready for an exciting adventure! 🚗⚡️
The new mobile game ‘Crazy TukTuk Taxi’ is coming soon to Play Store and App Store.
Look forward to the best tuk-tuk experience! pic.twitter.com/k7tWgpHCXu
— eTukTuk (@eTukTukio) April 10, 2024

According to Jacob Bury, a prominent cryptocurrency analyst and YouTuber, eTukTuk has the potential to rise tenfold after launch.