If there is one thing I have learned about the crypto market and the bull run is that no one can give an exact prediction of what would happen. There could be a fall today in the market coin value of any crypto project and then tomorrow there could be a rise in that cryptocurrency. We can’t give exact predictions due to the high volatility of cryptocurrency.
But we can evaluate the market, look out for various analyses, expand, and diversify our risk. Look out for public expectations, and emotional trends such as selling off due to panic and carrying out research. This way we could give a slight prediction on the market coin value and how it would strive in the bull run.
What Crypto project I think has the biggest upside for the next bull run
I think AKT is one crypto project that has the biggest upside for the next bull run.
The Akash Blockchain provides a layer of trust in a decentralized and trustless environment. Akash is solely decentralized whereas, no single entity controls the network and no intermediary facilitates transactions.
The Akash token (AKT) is the marketplace currency used to pay for leased computer infrastructure on the Akash decentralized network. The AKT is the native utility token of Akash Network. It provides a default mechanism to store and exchange value and acts as a reserve currency in the COSMOS multi-currency and multi-chain ecosystem. AKT runs on the COSMOS hub and is part of the IBC.
As of Thursday 29th February 2024, the following are the AKT metrics as reported by CoinGecko.
Circulating supply - 229,176,618
Total Supply - 229,176,272
Maximum Supply - 388,539,008
Price - $4.90
Market Cap - $1,121,720,231
24 hours Trading Volume - $9,557,562 Source
Recently, coinbase has announced adding Akash Network to its roadmap. This signals the potential listing of AKT on the platform and this will enable users to trade the token. This increases the chances of AKT having the biggest upside for the next bull run. AKT is likely to experience a rise in value. It is great to know that AKT has surged by 600% in the last 12 months.
AKT works partly with AI and with the look of things AI will likely grow and that means platforms/projects like Akash will also grow.
It is well known that in every cryptocurrency market liquidity is a crucial aspect that impacts everything from the trading down to the market stability. I am certain that with the various market statistics, during the Bull run, AKT will strive and there will be high liquidity.
You can get to know more about AKT from Here
PLEASE NOTE: This is not financial advice, I always recommend that you conduct your research before making any investment.
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Posted Using InLeo Alpha