AI Token AKT will double in value in 2023. This surge is largely due to new AI-powered products that expand the protocol housing the Akash network, a digital currency, and potentially positively impact our personal and professional lives.
AI Token AKT, a native asset of Open protocols that allow users to efficiently and securely buy and sell computing resources have surged over 100% year-to-date (YTD). Cryptocurrency Price tracker CoinMarketCap shows.
AKT achieved this feat in a market that turned bearish when they exchanged hands. $0.3984 After testing the year-to-date high of $0.411 on May 22 and entering the year at a trading price of $0.1856, it opened on May 23.
AI tokens can benefit from the introduction of AI apps
AI token AKT’s gains this year are due to the launch of several new AI applications on the Akash Network in May. The success of chatbot ChatGPT and Akash Network that support the activities of individuals and companies announced On May 17th, the platform introduced Auto-GPT, BabyAGI, and TerminalGPT.
Released in March 2023, automatic GPT is part of the next iteration AI Technology that makes it easy to generate text and code. As an advanced issue management system, Baby AGI Designed to transform the way organizations solve problems.in the meantime Terminal GPT Recognize and respond to questions and topics in real time.
On the day of the announcement, AKT reacted positively, reaching intraday highs of $0.2893 after opening at $0.2674 before closing at $0.2868.
Overall, this has been a source of widespread investor interest, which has been reflected in improved daily trading volumes that have lifted the token to a monthly high of around $1.9 million.
This explains why more than half (55%) of AKT’s gains this year happened in May.
Akash Network Ranks Top 500 Projects by Market Capitalization
AKT has a market capitalization of approximately $46 million as of 10:00 UTC on May 23rd. This made this project outperform the others. AI Big data tokens such as Cortex (CTXC), Image generation AI (IMGNAI), and SingularityDAO (SDAO), AKT is hovering around 405 in the all-time log.
The project continues to fall behind established AI-based tokens such as SingularityNET (AGIX) and Fetch.ai (FET), but the introduction of new AI applications to the Akash network will add to the token’s fortunes. results in , possibly conflicting with tokens. A crypto asset established in the future.
Disclaimer: This article does not constitute financial advice. Always DYOR.
The article about the new AI app doubling the value of the AI token Akash network was first published in MetaNews.