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Cryptocurrency News Articles
Akash Network and Big Time Spike Post-Upbit Listing, Signaling Market Optimism
Apr 23, 2024 at 04:04 pm
Akash Network (AKT) and Big Time (BIGTIME) have experienced significant gains after being listed on South Korea's largest crypto exchange, Upbit. AKT surged over 47% to $6.74, while BIGTIME rose more than 26% to above $0.25. Upbit's addition of these tokens, which are related to artificial intelligence and gaming, has contributed to the surge in their value.
Akash Network and Big Time Soar After Upbit Listing, Signaling Bullish Momentum in Crypto Market
The crypto market witnessed a surge in buying pressure on Tuesday, led by Akash Network (AKT) and Big Time (BIGTIME), following the announcement of their respective token listings on South Korea's largest exchange, Upbit.
Akash Network (AKT) Skyrockets by 47%
Akash Network, a decentralized cloud computing marketplace, saw its native token, AKT, climb to a daily high of $6.74, representing a remarkable 47% increase within 24 hours. This surge pushed AKT's volume to an impressive $71 million, a staggering 1,750% increase.
Big Time (BIGTIME) Gains Over 26%
Big Time, a free-to-play multiplayer role-playing action game, also experienced significant price appreciation. BIGTIME's token rose by more than 26% to $0.25, recovering from a low of $0.19. The surge in buying activity resulted in a massive 605% increase in 24-hour trading volume, reaching $71 million.
Upbit Listing Fuels Bullish Sentiment
The price rallies of AKT and BIGTIME were largely attributed to their recent listing on Upbit, which boasts a significant trading volume in South Korea. Upbit announced its support for AKT and BIGTIME on Tuesday, introducing trading pairs with Bitcoin (BTC), Tether (USDT), and the Korean won (KRW) for AKT and with BTC and USDT for BIGTIME.
Akash Network: Providing Decentralized Cloud Computing
Akash Network offers a groundbreaking decentralized cloud computing platform, empowering developers to rent and sell computing power in a secure and cost-effective manner. AKT serves as the network's native token, facilitating transactions, staking, and rewards.
Big Time: A Free-to-Play Gaming Sensation
Big Time has gained significant traction as a free-to-play RPG that combines stunning graphics with engaging gameplay. BIGTIME serves as the in-game currency, allowing players to purchase upgrades and participate in transactions.
Analysts Optimistic on Crypto Market Rebound
Crypto analysts are expressing optimism about the recent surge in AKT and BIGTIME, viewing it as an indication of renewed bullish momentum in the crypto market. The listings on Upbit, coupled with the rising popularity of these projects, suggest that the market may be poised for further growth in the coming days and weeks.
Conclusion
The listing of Akash Network and Big Time on Upbit has sparked a surge in buying activity, propelling their tokens to significant gains. This surge in demand is a testament to the growing adoption of decentralized technologies and the potential of both projects in their respective fields. As the crypto market continues to evolve, AKT and BIGTIME are well-positioned to benefit from increased investor interest and the broader trend towards decentralized solutions.
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