Akash Network’s NVIDIA integration: How AKT reacted after the news
The post Akash Network’s NVIDIA integration: How AKT reacted after the news appeared on BitcoinEthereumNews.com.
Akash network’s integration into NVIDIA product Brev pushed the former’s trading volume by 573%. AKT surged by 20.18% over the past seven days as well. On the 23rd of August, all cryptocurrencies experienced a strong upside. Since then, markets have experienced heightened fluctuation, with investors looking for external forces to influence another upside. Amidst this market fluctuation, Akash Network experienced a strong upward movement as well. The price movement has left everyone wondering what factors are influencing the AI-themed altcoin for a rally. Akash Network integrates into NVIDIA’s Brev As reported by NVIDIA director of Tech Development Nader Khalil, the AI company has integrated Akash into the firm’s new product, Brev. Since AKT has a direct correlation to NVIDIA products now, it’s well-positioned to gain from the AI boom. Equally, Akash Network sits at the cross-section of AI and blockchain technology since it’s a decentralized, blockchain-powered compute network. Prevailing market sentiment Source: Market Prophit Besides the Integration by NVIDIA, AKT is enjoying high market favorability, with investors showing a high positive outlook. AMBCrypto’s analysis of Market Prophit showed the altcoin enjoying positive market sentiment. AKT had a crowd sentiment of 0.059, a buzz score of 1.06, and a crowd Z score of 0.04 at press time. This suggested that investors were confident with the altcoin’s direction. What AKT’s price charts suggest AKT has made a moderate recovery on price charts. At press time, the AI-themed altcoin was trading at $3.03, an 11.8% spike in the past 24 hours. Its trading volume increased by 573.17% to $55.5 million in 24 hours. Prior to these spikes, the crypto experienced sustained price gains over the past seven days with 20.18% increase. After hitting a low of $1.80 during the market crash on the 5th of August, AKT has made 68.33% profits. Despite the…
Filed under: News - @ August 28, 2024 12:27 am