An artificial intelligence altcoin project is emerging after US crypto exchange Coinbase announced a possible future listing of the token.
In a new announcement, Coinbase say it is adding Akash Network (AKT) to its listing roadmap, which warns customers that the exchange could soon add support for certain assets.
When the news broke on Monday, AKT shot up from a low of $3.91 to $4.38 at the time of writing, a gain of more than 10%.
Akash Network is a decentralized open-source cloud network that supports decentralized finance (DeFi) applications and organizations, as well as machine learning, blockchains and AI.
According to Coinbase, the 2022 listing roadmap has been created to increase transparency and reduce the possibility of investors pushing new trading support announcements.
Influential figureheads within the crypto industry have been bullish on AKT lately.
Venture capitalist Arthur Cheong said AKT is a project with huge upside potential.
said Cheung,
“An extremely promising project with good foundations and wind at the back of the industry. 2x in a week while almost [no one] on [crypto Twitter] talk about it. Good confirmation that you don’t have to chase every short-term story to make outsized gains, as this tailwind has done [been active] since January.”
The pseudonymous trader known as Altcoin Psycho called AKT became its “new favorite altcoin” in 2021 and recently predicted that the project’s market cap will grow to place it among the top 50 digital assets.
AKT currently ranks 91st with a market cap of $987.6 million.
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Generated image: Midjourney