Analysts have singled out a token whose value increased by 75% in an hour

The price of the Akash Network token (AKT) soared by 75% in less than an hour. However, the quotes of the digital asset were later corrected. This rapid growth occurred immediately after the press service of the Upbit trading platform announced the upcoming listing of the cryptocurrency.

On the morning of April 23, AKT token was trading at $ 4.01, but at some point its value rose to $ 7. Then the rate was adjusted and at the time of writing this news, the cryptocurrency is trading at $ 5.9.

Upbit is the largest cryptocurrency exchange in South Korea in terms of trading volume. The Akash Network project was created using the Cosmos software development kit (SDK) and implemented on the blockchain of the same name. It is an open network that offers users the opportunity to buy and sell computing resources through the internal market.

It brings together server owners who need capacity to host applications with cloud computing resources. Akash Network fits into the DePIN concept, which has recently attracted significant interest from venture capitalists.