Artificial intelligence altcoin projects are seeing a comeback after Coinbase, the leading U.S. cryptocurrency exchange, announced the possibility of listing the token in the future.
Coinbase in a new announcement Called The exchange is adding Akash Network (AKT) to its “listing roadmap” to notify customers that it may soon add support for that specific asset.
After the news broke on Monday, AKT surged from a daily low of $3.91 to $4.38 at the time of writing, an increase of more than 10%.
Akash Network is a decentralized, open-source cloud network that powers decentralized finance (DeFi) applications and organizations, as well as machine learning, blockchain, and AI.
According to Coinbase, the listing roadmap was created for 2022 to increase transparency and reduce the likelihood that investors will rush the announcement of new trading support.
Influential figures in the cryptocurrency industry have been bullish on AKT recently.
Venture capitalist Arthur Cheong said AKT is a project with tremendous upside potential.
Cheong said.
“This is a very promising project with good fundamentals and industry tailwinds. Twice a week while almost (no one) talks about it on (Cryptocurrency Twitter). “These tailwinds have been (active) since January, so it’s good evidence that you don’t have to chase every short-term narrative to make huge profits.”
A pseudonymous trader known as Altcoin Psycho. called AKT has been billed as a “new hot altcoin” in 2021, with recent predictions predicting that the project’s market capitalization will grow to join the top 50 digital assets.
AKT currently ranks 91st with a market capitalization of $987.6 million.
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