AI-Focused Altcoin AKT Surges After Coinbase Announces Potential Listing

An artificial intelligence altcoin, Akash Network (AKT), has seen a surge in value after the top US crypto exchange Coinbase announced its possible future listing. Coinbase’s listing roadmap, which informs customers about potential new supported assets, has added AKT to its list.

Following the news, AKT’s price rose from $3.91 to $4.38, a 10% gain. Akash Network is a decentralized open-source cloud network that supports decentralized finance (DeFi) applications, organizations, machine learning, blockchains, and AI.

Coinbase created the listing roadmap in 2022 to increase transparency and reduce the possibility of investors front-running new trading support announcements.

Industry Experts Bullish on AKT

Influential figures in the crypto industry have expressed optimism about AKT’s potential. Venture capitalist Arthur Cheong praised the project’s fundamentals and industry tailwind, noting its 2x growth over a week despite limited attention on crypto Twitter.

Pseudonymous trader Altcoin Psycho, who called AKT his “new favorite altcoin” in 2021, recently predicted the project’s market cap will grow to place it among the top 50 digital assets. Currently, AKT ranks 91 with a market cap of $987.6 million.


Opinions expressed in this article are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets.