In a few hours, the price of $AKT jumped from a stable $5 to around $7 price level! It's amazing to see how the chart turned the boring line into an exciting one. It only means that the momentum of the price is starting to pick up... once again in a surprising manner. For a few months, I've been following $AKT alongside $KAVA & $RUNE and it's noticeable that it's been slacking in comparison to the movement of these two other tokens. I'm not trying to compare them, it's just that I'm following the price actions for these 3 tokens closely. Note, these 3 different tokens are not correlated, it's just my personal choice to keep track of them.
https://twitter.com/alertstothemoon/status/1379182315000057859?s=20
- alertstothemoon
It's the bull market, following trends is not a bad idea but don't take it as financial advice ;)
What could be the reasons for this pump?
Aside from the high staking rewards (70% if compounded), the viable one has to be the adoption rate for the network. More deployments would only mean more income for the network. Soon, the holders will receive a new income aside from the inflation ---> Take Rate or Income from the Network revenues.
https://twitter.com/gregosuri/status/1379202343930056710?s=20
- gregosuri
https://twitter.com/gregosuri/status/1379074620083605510?s=20
- gregosuri
Reading these kinds of tweets from the founder himself makes me bullish about $AKT. It's kinda obvious... crypto projects should deploy their applications on the Akash Network and not on the centralized networks like AWS.