An interoperable Ethereum (ETH)-based decentralized finance (DeFi) platform is skyrocketing after suddenly gaining support from Binance.
In a new announcement, the world’s largest crypto exchange platform by volume says that it will be adding futures contracts for interoperability protocol Synapse (SYN).
[adinserter block="1"]
“To expand the list of trading choices offered on Binance Futures and enhance users’ trading experience, Binance Futures will launch the SYNUSDT Perpetual Contract at 2024-08-16 12:30 (UTC) with up to 50x leverage.”
News of the listing sent SYN, the project’s native asset, flying. SYN is trading for $0.522 at time of writing, a staggering 32% increase during the last 24 hours.
According to the project’s official website, Synapse, which was launched in August 2021, is a cross-chain network that is compatible with most other layer-1 and layer-2s, including but not limited to Binance’s BNB Chain, Arbitrum (ARB), Optimism (OP), Avalanche (AVAX), Dogecoin (DOGE), and Polygon (MATIC).
Other prominent compatible chains include Fantom (FTM), Blast (BLAST), and Base, the blockchain of top US-based crypto exchange by volume Coinbase.
“Synapse is comprised of a cross-chain messaging framework and an economically secure method to reach consensus on the validity of cross-chain transactions, enabling developers to build truly native cross-chain apps…
Synapse Bridge is built on top of the cross-chain infrastructure enabling users to seamlessly transfer assets across all blockchains.”
A widely followed crypto strategist is predicting a massive breakout for one decentralized finance (DeFi) low-cap altcoin.
Pseudonymous analyst The Crypto Dog tells his 810,200 followers on the social media platform X that Synapse (SYN), a protocol that aims to enable secure cross-chain communication, could soar more than 75% from the current value.
[adinserter block="1"]
“Think it can see $1…
10% dip back to breakout level. I rebought SYN.“
Source: The Crypto Dog/X Synapse is trading for $0.566 at time of writing, down 12.82% in the last 24 hours. The cross-chain network project was launched in August 2021 and is compatible with most other layer-1s and layer-2s.
Next up, the analyst says that he is flipping bullish on Ethereum (ETH) rival Fantom (FTM), suggesting a breakout of a descending trendline may be forming on the hourly chart.
“Would be an attractive break FTM… Started position in FTM.”
Source: The Crypto Dog/X Fantom is trading for $0.38 at time of writing, up slightly in the last 24 hours.
Lastly, the analyst says that the native asset for the stablecoin-focused decentralized exchange Curve DAO (CRV) may be gearing up for a bounce after retracing.
“Probably the dip to buy for CRV at $0.318.”
Source: The Crypto Dog/X CRV is trading for $0.30 at time of writing, down more than 1% in the last 24 hours.
In the cryptocurrency market, closely followed analyst The Crypto Dog predicted a significant rise for a low market cap altcoin in the decentralized finance (DeFi) sector. The analyst also made bullish comments for two leading altcoins, Fantom (FTM) and Curve DAO (CRV).
Expects Over 75% Rise in SynapseAnonymous cryptocurrency analyst The Crypto Dog suggested to his followers on social media platform X that the Synapse (SYN) altcoin could rise over 75% from its current price.
For those unfamiliar, Synapse is known as a protocol developed to provide secure cross-blockchain communication. The Crypto Dog stated that SYN’s price is around $0.566, saying, “It could see $1… It returned to the breakout level with a 10% price pullback. I bought SYN again.”
Synapse is currently trading at $0.566 and has lost 12.82% in value over the past 24 hours. Launched in August 2021, this cross-blockchain network project can work compatibly with most Layer-1 and Layer-2 networks.
Analyst Predicts Rise for Fantom and Curve DAOBesides Synapse, The Crypto Dog also shared positive views about Fantom’s FTM, a competitor to Ethereum. The analyst noted that the descending trend line on the hourly chart is about to break, expecting a rise for the altcoin and added, “It could be an attractive breakout for FTM… I opened a position in FTM.”
Lastly, the analyst predicted a positive scenario for the stablecoin-focused decentralized exchange Curve DAO (CRV). He stated that CRV could rise after pulling back to the $0.318 level, saying, “This dip is probably a buying opportunity for CRV.” CRV is currently trading at $0.30, having lost over 1% in value in the past 24 hours.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Popular crypto analyst Altcoin Sherpa suggested that there might be more upward potential for PepeCoin (PEPECOIN). Speaking to his followers on the social media platform X, the analyst predicts that PepeCoin could continue its upward trend after a pullback to a critical level.
Analyst Sees Uptrend in PEPECOINAltcoin Sherpa emphasized that PEPECOIN is currently performing strongly and noted that the price could pull back to the $2.30 level, which corresponds to the 200-day Exponential Moving Average (EMA). He mentioned that the $2.30 level could be a good entry point in the short term and that a recovery from this level is possible.
Altcoin Sherpa said, “PEPECOIN is doing well right now, showing great strength. It is still uncertain whether this momentum will continue, but pay attention to the 200-day EMA here. Around $2.30 could be a good entry point in the short term. I made some purchases.”
At the time of writing, PepeCoin is trading at $2.97, having risen over 27,000% since its low of $0.01088 on October 13, 2023.
“Synapse (SYN) Follows Sui Network (SUI)”Altcoin Sherpa also compared the price chart of the Synapse (SYN) protocol to that of the smart contract platform Sui Network (SUI). He suggested that the SYN price chart is forming a structure similar to SUI’s price movements and could rise soon. The analyst noted that several EMAs on the four-hour chart are moving upward, indicating positive momentum for SYN.
On the other hand, the analyst pointed out that SYN is lagging behind other bridge projects and that investors might find better alternatives, saying, “SUI has a solid offering and story. In contrast, SYN is a weak bridge, and there are better projects out there. Just looking at the chart, I like SYN, but it might take some time. I think other bridge projects are better investments, but this chart is definitely nice; let’s see what happens.”
At the time of writing, SUI is trading at $1.01, up over 19% in the last 24 hours, while SYN is trading at $0.61, up 8.6% in the same period.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
The Synapse Bridge is the first user-oriented product built on the cross-chain communication network.
What is Synapse (SYN)?Synapse Chain is described as an Ethereum $1,623-based optimistic roll-up designed to serve as a sovereign execution environment for cross-chain use cases. By leveraging Synapse’s cross-chain messaging system, Synapse Chain provides developers with a generalized smart contract interface to create cross-chain use cases natively. Applications built on Synapse Chain will be able to execute their business logic on any blockchain. The driving force behind creating a sovereign chain to facilitate cross-chain messaging comes from the insights gained by the core contributing team when working with teams developing cross-chain applications. A programming environment specifically suited for the use cases built on top of the messaging system simplifies deployment and state management across chains and becomes much more efficient when cross-chain business logic is hosted in a single execution environment. This enables users to interact with the state atomically, even if it is distributed across various blockchains.
Following the launch of Synapse Chain, gas payments to the sequencer will be made in ETH to promote the best possible user experience. Shortly after the launch, Synapse DAO may explore a series of mechanisms to link the use of Synapse Chain to SYN to strengthen the symbiotic relationship between Synapse Chain and the messaging system. While they are unique components, Synapse Chain can only succeed if the messaging system can provide the trusted security that SYN aims to foster.
SYN Coin can be securely bought and sold on Binance, the world’s largest cryptocurrency exchange by trading volume. SYN Coin is traded on the Binance platform in SYN/BTC and SYN/USDT pairs.
To purchase SYN, you must first register on the Binance exchange. Once registration is complete, you need to transfer cryptocurrency or fiat currency to your Binance wallet. After completing the transfer, you can buy SYN Coin through the three pairs mentioned above. To purchase via the SYN/USDT pair, navigate to the interface of this pair. In the SYN/USDT interface, enter the desired amount in the field specified under the limit tab. After entering the amount, complete the purchase by placing a Buy SYN order.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Hongji is a reporter who covers crypto, finance, and tech. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX,...
Has Also Written
Last updated:
January 7, 2025
Hyperliquid highlighted key milestones in 2024, including reaching $15 billion in daily trading volume and expanding its user base ninefold to 300,000 users.
According to a post by Hyper Foundation, the decentralized exchange attributed its rapid growth and ecosystem expansion to updates such as the HyperBFT consensus, HIP token standards, and staking features.
Hyperliquid’s Exponential Growth in 2024Hyperliquid experienced growth in 2024, with its 24-hour all-time high (ATH) trading volume climbing from $1 billion to $15 billion.
This major increase in trading activity was accompanied by growth in other metrics, highlighting Hyperliquid’s expanding market presence.
Hyperliquid started 2024 as a barely-known perp dex and ended the year as one of the largest decentralized financial hubs, processing billions in volume per day with a thriving ecosystem of builders, traders, and community members.
Thank you to everyone who came together for a… pic.twitter.com/GgmlsiW4mg
— Hyperliquid (@HyperliquidX) January 7, 2025 Open interest rose from $178 million to $4.3 billion, while total value locked (TVL) climbed from $56 million to $2.1 billion.
Additionally, the exchange’s user base expanded from 31,000 to 300,000, marking a ninefold rise.
Hyperliquid also supported 158 perpetual trading pairs and 128 native spot assets, generating over $3.5 million in daily revenue from trading fees and spot auctions.
These achievements were underpinned by the introduction of staking mechanisms and native token standards, including HIP-1 and HIP-2, which streamlined token usage across its platform.
Ecosystem Expansion Through New Features in 2024Throughout 2024, Hyperliquid launched new features and integrations that strengthened its ecosystem.
Third-party platforms, including Synapse, deBridge, and DEX Screener, bolstered interoperability and trading tools within Hyperliquid’s ecosystem.
Projects launched on Hyperliquid during the year included applications like HypurrScan, which allows users to analyze blockchain data, and HypurrFun, a platform for trading and creating meme coins.
Community-driven initiatives, such as Hyperliquid KR and HyperActive, further contributed to regional expansion and outreach efforts.
“All of this was achieved without taking any external funding and giving all trading fees to the community,” Hyper Foundation stated in its post. “Thank you to everyone who came together for a record-breaking 2024.”
Top 1 On-Chain Liquidation: ETH Bull Whale Hit With 4 Consecutive Forced Liquidations, $14.11 Million in Positions Liquidated
According to Hyperinsight monitoring, today’s largest liquidation on the Hyperliquid platform involved a high-leverage Ethereum (ETH) long whale. The address opened a long position yesterday when ETH was trading at roughly $1,661, and immediately incurred losses after entry. Triggered by ETH’s short-term dip below $1,600 in the early hours of today, the whale faced four consecutive liquidations, resulting in the forced closure of a total of 8,734 ETH positions valued at approximately $14.11 million. The address now holds less than $150,000 in remaining funds, with all positions fully cleared. Address: 0x1cb0b187c14a8c0fb36ca0dcbb775dcc7f02b408
1 minutes ago
A certain on-chain address opened long positions in BTC, ETH, and silver, and purchased $10.699 million worth of BTC and ETH spot.
According to on-chain analyst Ai Yi (@ai_9684xtpa)’s monitoring, address 0x960…3f0fc simultaneously went long on both futures and spot positions this early morning, opening long positions of 102.55 BTC, 954.38 ETH, and 8,790 silver units, with total position value around $8.29 million. It also purchased spot BTC and ETH worth approximately $10.699 million. Its current take-profit levels are set at $63,000 for BTC and $1,650 for ETH.
1 minutes ago
A whale that reaped over $23.77 million in profits from the Basic Attention Token (BAT) ICO has reawakened after six years of dormancy, offloading 12,600 ETH in the past two days.
According to monitoring by EmberCN, a whale address that participated in the BAT ICO in 2017 and generated approximately $23.77 million in total profits has started selling ETH recently after six years of inactivity. Over the past two days, the address has sold 12,586 ETH, receiving 20.59 million USDS in exchange, at an average selling price of roughly $1,636. The whale invested 17,789 ETH in the BAT ICO in May 2017, acquiring around 113.8 million BAT. It then sold BAT gradually over approximately two and a half years at an average price of $0.245, netting about $23.77 million in profits, with some of the BAT converted into 27,586 ETH. Since then, the ETH has remained inactive for a long time until it resumed reducing its holdings recently. Currently, the address still holds around 15,000 ETH, valued at approximately $24.29 million.
1 minutes ago
Japanese storage firm Kioxia plans to list American Depositary Receipts (ADRs) in the U.S. in April or May next year.
Market news: Japanese storage chip maker Kioxia plans to list its American Depositary Receipts (ADRs) in the U.S. in April or May next year. (Jinshi)
1 minutes ago
Micron's earnings report lifts SK Hynix's stock price 11%, trader 'yixie' expands their unrealized profit to $1.3 million.
According to Hyperinsight monitoring, Micron’s Q3 financial results exceeded all expectations, driving peer SK Hynix’s stock to rally nearly 11% from its recent low. On the Hyperliquid platform, SKHYNIX is currently trading at $1,821, up 6.2% in the past 24 hours. Prominent trader yixie (X: @yixie10) nearly doubled his principal during this rally; he is now holding a 2x long position of 2,289 SKHYNIX contracts at an average entry price of ~$1,239.9. Fueled by the rally, the position’s unrealized profit has expanded to $1.37 million, a 96% gain. As of press time, the trader boasts an 85% win rate in semiconductor storage stock trades since opening positions this year, with total historical profits of $6.68 million, including $4.25 million from Micron Technology trades. Address: 0xa65ce1d604fa901c13aa29f2126a57d9032e412b – HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group and set it as an admin (enable message sending permission) to automatically sync on-chain news.
1 minutes ago
STRC drops to near $80, marking another new all-time low.
According to Bitget market data, Strategy’s preferred stock STRC has dropped to a low of $80.26, hitting a new all-time low since its listing. Calculated based on a $100 par value, the current discount has reached 20%.
Luffa, a privacy-focused Web3 platform, has partnered with Synapse AI, a renowned AI agent marketplace. The collaboration endeavors to integrate AI within advanced Web3 ecosystems. As Luffa pointed out in its official social media announcement, the partnership strengthens creators, community, and builders by incorporating intuitive AI agents to enhance digital experiences. Thus, this move promises to redefine the way consumers interact with artificial intelligence (AI) in cutting-edge decentralized environments.
🤝 Excited to announce our partnership with @synapseainet !
Synapse AI is an innovative AI agent marketplace and building platform — the go-to hub for discovering, deploying, and creating powerful autonomous AI agents that redefine intelligence in Web3.
Luffa + Synapse AI = the… pic.twitter.com/NlQrNwu2lu
— Luffa (@LuffaMessage) January 19, 2026 Luffa and Synapse AI Partner to Embed Autonomous AI Agents The partnership between Luffa and Synapse AI focuses on integrating independent AI agents to improve Web3 experiences. With this, the development underscores a key move to start a new epoch for creator economy. Hence, the consumers can now leverage modifiable AI agents and integrate them into mini-programs, content workflows, and fan experiences. This assists in creating intelligent and interactive environments that dynamically respond to consumer engagement.
Apart from that, by merging the autonomous agents of Synapse AI with the all-inclusive Web3 platform of Luffa, this initiative provides creators with unprecedented flexibility. As a result, they can significantly innovate while also maintaining data security and privacy. Additionally, this integration backs diverse utilities, including individualized content delivery and community engagement. At the same time, it also lets creators develop relatively immersive experiences to facilitate the audience.
Simultaneously, Synapse AI’s marketplace permits builders to reach a library of readily available AI agents, along with the capability to develop custom solutions for their unique requirements. Additionally, Luffa’s platform guarantees that the agents work seamlessly within the cutting-edge Web3 protocols. So, the partnership stresses consumer control, letting audience and creators retain privacy and ownership in a next-gen decentralized digital world.
Advancing Privacy-Conscious and Personalized Web3 Models According to Luffa, the collaboration with Synapse AI is poised to impact the wider Web3 adoption. Therefore, it demonstrates AI agents’ practical applications. For this purpose, communities and businesses can integrate the agents into their workflows to seamlessly automate moderation, improve fan engagement, or deliver individualized support while using blockchain-based security and transparency. Ultimately, the joint effort attempts to set unique benchmarks for privacy-conscious, interactive experiences within the swiftly transforming Web3 ecosystem.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
Synapse operates as a cross-chain communications network that enables asset transfers, swaps, and generalized messaging across more than 15 EVM and non-EVM blockchains. The network secures cross-chain transactions through multi-party computation validators and has experimented with optimistic verification to achieve faster, fraud-proof security. Use cases extend beyond bridging to include stablecoin transfers, DeFi composability, generalized messaging for dApps, and developer SDKs for cross-chain integrations. The SYN token has been migrated to CX at a 1-to-5.5 ratio as Synapse transitions into the Cortex Protocol ecosystem per CoinMarketCap. Future potential depends on Layer 2 adoption, a bridgeless swap architecture, regulatory clarity, and competition from alternative interoperability protocols such as LayerZero and Wormhole. The blockchain industry has fragmented into dozens of high-performance networks, each competing for users, developers, and liquidity. That fragmentation created a demand for secure cross-chain infrastructure, and Synapse emerged as one of the most widely used solutions.
According to CoinMarketCap, the Synapse Bridge allows users to seamlessly swap on-chain assets across 15+ EVM and non-EVM blockchains in a safe and secure manner. This guide walks through what Synapse is, how the protocol works, its primary use cases, the SYN-to-CX token migration, and what the network’s future could look like in a maturing cross-chain landscape.
What Is The Synapse Network? Synapse is a cross-layer protocol that enables frictionless interoperability between blockchains. As described by Synapse Protocol, the network enables decentralized, permissionless transactions between any Layer 1, sidechain, or Layer 2 ecosystem, powering integral activities such as asset transfers, swaps, and generalized messaging.
Originally launched in August 2021 as a spin-off from the Nerve protocol, Synapse rapidly grew into one of the most-used cross-chain bridges. Its ecosystem is composed of six parts: the Synapse Bridge, a cross-chain automated market maker (AMM), aggregative cross-chain communication, the SYN token, the Synapse Chain, and optimistic security approaches.
How The Synapse Bridge Works The Synapse Bridge supports two bridging modes. Canonical token bridging transfers wrapped versions of assets across chains, while liquidity-based bridging routes native assets through cross-chain stableswap pools. According to 101 Blockchains, the bridge has been built with an emphasis on security and decentralized governance, differentiating it from multi-sig-heavy competitors.
The network is secured by cross-chain multi-party computation (MPC) validators operating with threshold signature schemes. The network is leaderless, and consensus is reached when two-thirds of validators collectively sign the same transaction, triggering issuance on the destination chain.
Use Cases of The Synapse Network Here are some of the use cases of the synapse network;
Stablecoin Transfers Synapse supports stablecoin bridging across major networks, including Ethereum, Avalanche, BNB Chain, Polygon, Arbitrum, Fantom, and Optimism. This makes it a practical tool for users moving USDC and other dollar-pegged assets between Layer 1s and Layer 2s.
Generalized Cross-Chain Messaging Beyond asset transfers, Synapse’s messaging layer lets applications send arbitrary data across chains. Developers can deploy a dApp on a single chain and have it communicate with other networks, removing the need for separate deployments across ecosystems.
Developer SDK And REST API The Synapse Bridge SDK allows developers to integrate cross-chain token transfers directly into their applications. 101 Blockchains notes that the REST API also enables dynamic integration of Synapse liquidity and token transfers into non-JavaScript applications.
DeFi Composability Because Synapse sits at the interoperability layer, it has become a building block for composable DeFi. Liquidity providers, aggregators, and cross-chain yield strategies all rely on bridging infrastructure like Synapse to route capital efficiently.
Synapse Chain and Bridgeless Swaps Synapse has been developing an Ethereum-based optimistic rollup, Synapse Chain, as a sovereign execution environment for cross-chain use cases.
In an interview with Blockworks, Synapse COO Max Bronstein explained that the chain’s messaging system could attest to asset values without bridging: “If you trust the security of the messaging system, [then] you trust that the asset in the rollup is the same as the asset on the native chain.”
That architecture could reduce the attack surface that has plagued bridge hacks and allow decentralized exchanges on Synapse Chain to offer direct conversions without wrapping.
The SYN to CX Token Migration The Synapse ecosystem has undergone a significant transition. According to CoinMarketCap, Synapse has migrated the SYN token to the CX token at a 1:5.5 ratio, with the rebranded ecosystem now organized under the Cortex Protocol.
Token holders seeking to participate in governance or staking are directed to convert their SYN holdings to CX through the official migration channels. This shift reflects a broader repositioning as the team pivots infrastructure around the Cortex brand.
Future Potential and Competitive Landscape Synapse operates in a crowded interoperability market. Competitors include LayerZero, Wormhole, Axelar, and Chainlink’s Cross-Chain Interoperability Protocol (CCIP). Each differs in its security model, supported chains, and developer tooling. Synapse’s advantage lies in its established integrations, existing liquidity pools, and the optimistic verification approach it has pioneered.
The roadmap toward bridgeless swaps and the Cortex Protocol transition could position it for continued relevance if execution holds up. Headwinds include lingering concerns about bridge security across the industry and increasing competition from native interoperability standards built into newer chains.
Risks to Consider Cross-chain bridges have historically been among the most attacked components of DeFi. Synapse itself was attacked in November 2021, resulting in a roughly $8 million loss, though the team responded quickly and refunded affected liquidity providers.
Token migrations also introduce operational risk, and holders should verify official migration channels before converting SYN to CX.
Next Steps for Investors The Synapse crypto network has carved out a meaningful role in blockchain interoperability by combining bridging, cross-chain messaging, and developer tooling into one stack. Its migration toward the Cortex Protocol and the continued build-out of Synapse Chain suggest the project intends to remain a key interoperability layer rather than just a bridge.
Whether it can sustain that position depends on the execution of security, the success of bridgeless swaps, and how the wider cross-chain market evolves.
FAQs What is the Synapse crypto network?
Synapse is a decentralized cross-chain communications protocol that enables asset transfers, swaps, and generalized messaging between Layer 1, Layer 2, and sidechain ecosystems.
Which blockchains does Synapse support?
Synapse connects more than 15 EVM and non-EVM networks, including Ethereum, BNB Chain, Avalanche, Arbitrum, Polygon, Optimism, Fantom, Base, and several emerging Layer 2s.
What is the SYN token used for?
SYN was the native governance and security token of the Synapse network and has been migrated to the CX token at a 1:5.5 ratio.
How does the Synapse bridge work?
The bridge locks assets on the source chain, and either mints wrapped tokens or routes them through cross-chain stableswap pools to deliver native assets on the destination chain.
Is Synapse safe to use for bridging?
Synapse uses multi-party computation validators with threshold signatures and has implemented optimistic verification, though users should still assess smart contract and bridge risks before transferring.
What happened to the SYN token?
According to CoinMarketCap, Synapse migrated the SYN token to CX at a fixed conversion ratio, and the ecosystem rebranded as the Cortex Protocol.
What is the future potential of Synapse?
Its future hinges on cross-chain adoption, the success of bridgeless asset swaps, integration with new Layer 2 rollups, and execution of the Cortex Protocol transition.
Key Takeaways Why is the AKT price outlook bearish? The trend for the altcoin has been bearish throughout 2025, and the coin will be targeting new lows due to the overall seller dominance.
What should Akash Network bulls watch out for? A price move beyond the $1 level would be the first sign that bulls were back in control. Even then, a quick recovery would likely be tough.
Distributed cloud computing protocol Akash Network [AKT] was in the news recently when it suffered no downtime while Amazon Web Services went down for hours. Its founder, Greg Osuri, celebrated this as a success.
He had also explained in a post on X that the project will migrate to a new network. They are paying attention to chains whose performance was impacted by the AWS outage, he revealed.
The protocol mentioned the burn mint equilibrium model in a post on X. The model aims to boost the structural demand for AKT and reduce effective circulating supply.
What does the price action reveal about AKT’s potential future trends?
Bearish long-term trend dismays Akash Network investors Source: AKT/USD on TradingView The weekly chart of AKT showed a long-term downtrend in progress. Even the market-wide rally in November-December 2024 failed to set new highs for the year. Instead, it fell just short of the $5 mark.
In the eleven months that followed, the price of Akash Network token has declined another 86%. The $2-$2.5 zone had been a strong support level in 2024, but was retested as resistance in May 2025.
A similar scenario may develop with the $0.78-$1 supply zone above AKT prices. The $0.766 level crumbled under selling pressure, and the $0.63 support could be the next target.
The moving averages and the RSI highlighted persistent bearish momentum in the market. The OBV was sinking toward the 2025 low, another sign of seller dominance.
Source: AKT/USD on TradingView On the 12-hour chart, the bearish outlook was just as strong. The crash beneath the psychological $1 level has left a large imbalance, aligning with the higher timeframe supply zone.
The OBV was making new lows, and the RSI continued to show firm bearish momentum.
Using the previous week’s swing move southward, a set of Fibonacci extension levels were plotted. The next price targets for AKT are $0.533 and $0.456, according to the extension levels.
Meanwhile, a move back above $1 would be needed to signal a potential halt to the downtrend. Since the long-term trend was downward, investors and traders might not want to bet on a quick recovery.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion
According to Phoenix, a crypto analytical platform, Saros ($SAROS) climbed 43.6% to become the daily top performer among Altcoins in the crypto market. $SAROS is trading at $0.11 on Bybit exchange with a market cap of $300.2M. Other projects, Akash Network ($AKT), Bluwhale ($BLUAI), Definitive ($EDGE), Clanker ($CLANKER), Arcblock ($ABT), Powerpool ($CVP), Recall ($RECALL), Kadena ($KDA), and Bsquared Network ($B2), show a positive response towards growth.
Similarly, $AKT is at the second position with a 39.6% price increase and is currently trading at $0.87. Its market cap is $216.8M on the Gate exchange. The given figures for these projects show a positive inclination towards these cryptocurrencies. This means that users are actively using these cryptocurrencies in daily life trading.
$BLUAI and $EDGE Post Parallel Gains While $CLANKER and $ABT Secure Mid-Spots $BLUAI and $EDGE, both cryptocurrencies, showed an increase in their prices of 35.0% and 33.0%, trading on the MEXC exchange and the Coinbase exchange, respectively. So, $BLUAI and $EDGE are currently trading with new prices $0.032 and $0.33, with market caps $40.0M and $69.7M respectively. They show a difference of 0.298% in their price change.
Simultaneously, $CLANKER is presently trading at $108.79 with a market value of $111.0M on the Coinbase exchange after a 29.2% increase in price over the last 24 hours. Moving forward, $ABT trades on Coinbase with a 26.4% increase in the price value over the previous 24 hours, and currently emerges with a new price $0.62 along with $60.9M market cap. These two cryptocurrencies have a central position among daily gainers over the past 24 hours, ranking.
$CVP and $RECALL Show Modest Gains amid Market Momentum Powerpool ($CVP) is struggling with the current price of $0.0092 and market cap of $296.4M, after getting an increase in the value of 21.5% on PinkSale exchange. Next one is $RECALL, which is trading on Bybit exchange, with the new price of $0.45 after a 21.4% increase in price and holding $91.9M market cap over the last 24 hours.
Furthermore, $KDA secures the 2nd last position in the daily gainer ranking with a 20.3% increase over the past 24 hours on the Binance exchange. It is currently trading in the crypto market with $0.0068 and has a market cap of $22.8M. Moreover, $B2 got last position in the daily gainer ranking over the past 24 hours, with a market cap of $84.9M and trading at $2.04 on Gate exchange after getting a 19.4% increase in price over the last 24 hours.
AUTHOR
Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.
Key Takeaways Why did AKT moon by +30% over the weekend? Broader crypto market recovery has lifted the altcoin on the charts.
Can AKT reclaim $1? Yes, it may be possible if profit-taking eases up.
Like the broader market’s recovery, Akash Network’s native token AKT fronted a massive upswing over the weekend. Bitcoin [BTC] reclaimed $115k, lifting AKT by 31% on 26 October.
However, at press time, it appeared that bulls were being rebuffed from reclaiming $1. In fact, AKT retraced some of its recent gains ahead of a likely positive macro week.
Source: AKT/USDT, TradingView Notably, reclaiming $0.85 and $1 could embolden bulls to seek the $1.5-target. But, can they extend the rally?
Whale activity meets profit-taking The latest upswing coincided with significant whale activity.
According to CryptoQuant, for instance, AKT’s extended pullback in October was marked by Big Whale Orders on the spot markets.
Source: CryptoQuant Although the indicator does not show the direction of the whale activity, their intensity may have triggered the sharp rally on Sunday.
Beyond the whale interest, this could have been a heated recovery following last week’s Amazon Web Services (AWS) cloud outage. The outage crippled several Web3 applications that depend on the provider for cloud services.
As an alternative decentralized cloud provider in the Web3 space, Akash Network remained online. In fact, the protocol used the outage to bill itself as the solution to such a single point of failure.
“Let’s turn this failure into a wake-up call.”
Source: X That being said, there seemed to be no excessive market froth that could trigger a massive liquidation risk or a reversal to be worried about.
According to the Futures Volume Bubble Map, current levels are still in a “Cooling” phase. High risk levels or readings of “Overheated” red bubbles may be associated with local tops and likely reversals.
Source: CryptoQuant Put differently, despite stalling near $0.85 after a 31% surge, AKT may attempt to clear the overhead hurdle.
However, it could take a while before the bulls regroup again and make another attempt to reclaim $1. In the past few hours alone, more tokens flowed into exchanges than out – Underscoring profit-taking during the weekend pump.
Source: CoinGlass Until the profit-taking wanes, AKT bulls may stall below $1 before pushing forward to upside targets.
Nvidia CEO Jensen Huang’s recent visit to China has sparked a sharp rally in AI-focused cryptocurrencies, as investor fears over U.S.-China tech tensions ease. The sector’s total market cap surged to $32.88 billion, led by a 35.56% gain in Virtual Protocol (VIRTUAL), with many AI coins like AIXBT, Akash Network (AKT), and Render (RNDR) also posting double-digit gains.
While large-cap AI tokens moved first, early-stage projects are now attracting growing investor interest. One of the best cryptos to buy right now is DeepSnitch AI, currently trading at $0.02032 in Stage 2 of its presale. The project has already raised more than $470,000 and ranks as Grok AI’s top-trending token of the week that can give 100x gains heading into 2025.
Nvidia CEO’s China visit sparks AI crypto sector rally Table of Contents
Nvidia CEO’s China visit sparks AI crypto sector rallyGrok AI’s top trending coins this week1. DeepSnitch AI: Grok’s pick for explosive growth2. Virtual Protocol (VIRTUAL)3. AIXBTConclusionFrequently asked questionsWhat is the best crypto to buy now according to Grok?Why did AI crypto coins pump this week?Will the US-China trade deal affect crypto prices? Jensen Huang’s visit to China sent shockwaves through the AI crypto sector this week. The Nvidia CEO’s diplomatic mission addressed mounting concerns about U.S.-China tech decoupling, particularly around semiconductor and AI infrastructure access. Markets interpreted the visit as a signal that AI development could continue despite geopolitical tensions.
The immediate impact was unmistakable. Virtual Protocol (VIRTUAL) surged 35.56% to $1.44 on October 25, becoming the top gainer among the 200 largest cryptocurrencies by market cap. But VIRTUAL wasn’t alone. The sector-wide rally pushed the total AI crypto market cap to $32.88 billion, marking one of the strongest weeks for AI tokens in recent months.
Based on a Fundstrat report published last week, analysts cited Virtuals Protocol (VIRTUAL) as uniquely positioned to capitalize on the AI agent economy, which led to a surge in investor interest and a price pump.
While established AI tokens pumped on sentiment alone, early-stage projects like DeepSnitch AI offer the same AI infrastructure exposure at a fraction of the cost. This sets up perfectly for the next section on emerging opportunities.
Grok AI’s top trending coins this week 1. DeepSnitch AI: Grok’s pick for explosive growth DeepSnitch AI is capturing Grok AI’s attention this week as smart money rotates from pumped majors into earlier-stage opportunities. While retail traders chase VIRTUAL’s 35% move or AIXBT’s rally, seasoned investors recognize something crucial: those gains are already behind us. The real alpha sits in presale projects that haven’t launched yet.
DeepSnitch AI solves a genuine problem that every crypto trader faces: information asymmetry. Whales move markets with insider intelligence about liquidity shifts, smart contract launches, and emerging opportunities. Retail traders get left holding the bag, reacting to price action after the fact.
The platform’s 5 AI agents track whale wallet movements in real-time, detect new token launches before they pump, analyze sentiment shifts across social channels, and deliver instant alerts about rug pulls and FUD storms. All of this intelligence flows directly to your Telegram and X feeds. So, there are no complex dashboards, and no technical analysis is required.
The project has already raised over $470,000 in Stage 2, validating market demand for AI-powered trading intelligence. At $0.02032, you’re entering at a valuation that’s a fraction of VIRTUAL, AIXBT, or any established AI token.
VIRTUAL pumped 35%, and it’s already at $1.44 with a substantial market cap. DeepSnitch needs to hit just $2 for a 100x return from current presale pricing. If AI tokens continue rallying, and with Thursday’s Trump-Xi meeting potentially confirming a trade truce, DeepSnitch could go parabolic.
2. Virtual Protocol (VIRTUAL) VIRTUAL posted a 35.56% gain to $1.44 on October 25, claiming the top spot among the 200 largest cryptocurrencies by market cap. The rally came directly on the heels of Nvidia CEO Jensen Huang’s China visit, which signaled continued AI infrastructure development despite U.S.-China geopolitical tensions.
The token’s weekly performance reflects broader AI sector momentum, with the pump attributed to renewed confidence in AI infrastructure projects. VIRTUAL creates a protocol for AI agents on-chain, allowing developers to build and monetize autonomous AI applications, a narrative that resonated strongly with the Nvidia news cycle.
Changelly’s analysts see upside to around $5.03 by 2030, pointing to the project’s edge in metaverse-focused AI compared to more general competitors. Still, they warn that the RSI looks overheated, so a 10-15% short-term correction wouldn’t be a surprise before the next leg up.
3. AIXBT AIXBT delivered strong double-digit weekly gains as the AI crypto sector rallied following the Nvidia CEO’s China visit. The token benefits from its positioning in AI-powered trading analytics, capturing institutional interest in blockchain-based intelligence tools.
Technical analysis shows AIXBT following VIRTUAL’s momentum, with buying pressure increasing as traders rotate into AI infrastructure plays. The correlation between AIXBT’s performance and broader AI sector sentiment remains high, suggesting the token will continue tracking sector-wide movements. Analysts project AIXBT could see further upside if AI crypto maintains momentum through Q4.
Conclusion DeepSnitch AI is rapidly emerging as one of Grok AI’s top trending coins this week, as demand for AI crypto remains elevated following the VIRTUAL-led sector rally. With over $470,000 raised in its stage two presale, the project continues to draw investors betting on the expected growth of the cryptocurrency market.
With AI tokens like AIXBT posting gains, optimism in the AI crypto sector is building fast. Grok AI has identified DeepSnitch as the best crypto to buy now, going into November, pointing to its accelerating presale performance, increasing buyer demand, and high potential for a 100x return after launch.
With interest picking up and new buyers entering daily, now is the time to secure DSNT directly from the official presale site before the next stage price increase.
Frequently asked questions What is the best crypto to buy now according to Grok? The best crypto to buy now might be DeepSnitch AI, a new token that Grok predicts could grow by 100x in 2025 based on its AI utility and early-stage presale pricing.
Why did AI crypto coins pump this week? VIRTUAL led the AI crypto sector with a 35% gain, triggering rallies across AIXBT, AKT, and RENDER. The pump followed Nvidia-related AI optimism and Bitcoin stability above $115,000.
Will the US-China trade deal affect crypto prices? Yes, positive news from the US-China trade meeting is expected to reduce market uncertainty and increase appetite for risk assets like crypto. If a deal is confirmed, it could spark a short-term rally across Bitcoin and altcoins.
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
Akash Network’s AKT has surged 20.2% in 24 hours, reaching about $0.417 as trading activity accelerates ahead of the Burn-Mint Equilibrium proposal vote.
Market participation has intensified sharply, as trading volume has climbed 981.7% to $54.47M, signaling a sudden wave of speculative interest across spot markets.
The rally has coincided with the Burn-Mint Equilibrium (BME) proposal heading for an on-chain vote, a change that links token utility directly to network demand.
Under this structure, AKT used for compute deployments will be burned, which could tighten supply if network usage expands.
In addition, the upgrade introduces WASM smart contracts, allowing developers to build and iterate faster on Akash’s decentralized cloud infrastructure.
As speculation grows around the proposal’s potential impact, traders have begun positioning aggressively around AKT’s latest surge.
Breakout attempt places $0.44 resistance in focus Recent price action has shown AKT pushing beyond a prolonged consolidation phase. The chart has displayed a range between $0.289 and $0.380, where the price oscillated for several weeks before the recent breakout attempt emerged.
AKT has now climbed above the $0.380 range ceiling, turning that level into a critical structural support. However, price has begun testing the $0.44 resistance zone, which has previously rejected upward attempts.
This zone now represents the immediate barrier that buyers must overcome to sustain the breakout. The recent expansion from the range has indicated rising market participation.
However, the price reaction near $0.44 suggests that sellers still remain active at higher levels. If buyers maintain pressure above the former range boundary, the breakout structure could remain intact.
Technical indicators have begun reflecting the shift in market sentiment. The MACD indicator has crossed above the signal line, while the histogram has continued printing positive bars.
This configuration has indicated that buying pressure has strengthened after weeks of sideways consolidation. As the MACD spread widens, the indicator has shown a steady rise above the zero line.
That movement has aligned with the recent range breakout visible on the AKT chart. The indicator has also reflected an improvement in trend strength as price climbed from the $0.332 region toward $0.414.
However, the MACD structure has approached levels where short-term cooling phases often appear. Even so, sustained positive histogram bars would continue reinforcing buyer control as long as price holds above the breakout zone.
Source: TradingView Derivatives interest spikes as traders position Derivatives activity has expanded sharply alongside the rally. Open Interest has jumped 136.4% to $13.19M, showing a large inflow of leveraged positions into AKT markets.
This rise has indicated that traders have opened new contracts instead of closing exposure. Such growth often reflects rising speculative conviction around a developing price move.
As leverage increases, market volatility can intensify because liquidation levels cluster near key price zones. The Open Interest surge has also appeared during the breakout from the multi-week range.
This alignment suggests that traders have begun positioning aggressively around the potential structural shift in AKT’s market trend. However, elevated derivatives exposure can amplify price swings if positions unwind suddenly.
Source: CoinGlass Why funding rates remain deeply negative Despite the rally, derivatives positioning has shown an unusual divergence. The OI-weighted funding rate has dropped to about -0.275%, reflecting a deeply negative sentiment in perpetual markets.
Negative funding indicates that short traders currently dominate the derivatives side. In such conditions, long traders receive payments to maintain positions.
This imbalance often appears when traders anticipate a price pullback after a sharp rally. However, the divergence between rising price and negative funding highlights a crowded short side.
If AKT continues pushing higher, those positions could face pressure and forced liquidations. As a result, the derivatives imbalance has introduced the possibility of sudden volatility around current price levels.
Source: CoinGlass Conclusively, AKT now faces a decisive test near $0.44 resistance as traders evaluate the long-term impact of the Burn-Mint Equilibrium upgrade.
A sustained push above this level would signal growing confidence in the proposal’s token-utility narrative.
However, failure to break higher would suggest the market still requires stronger demand before fully pricing in the upgrade’s structural impact.
Final Summary AKT surged 20.2% to ~$0.417 as traders positioned ahead of the Burn-Mint Equilibrium proposal vote. Trading Volume jumped 981.7% to $54.47M, signaling a sharp rise in speculative spot activity
Akash Network [AKT] rallied by double digits in the past 24 hours, recording more than 14% as the daily trading volume jumped by 238%. This indicated intense buying pressure, which resulted in pushing the prices higher.
The rally follows a spike in social sentiment following their recent BME (Burn and Mint Equilibrium) proposal, which aimed to tighten supply by reducing the total number of tokens in circulation.
Will AKT continue rallying after the switch, and have the new supply dynamics changed anything in this regard?
Akash among top rebounding altcoins Akash Network was among the top altcoins that rebounded strongly after Bitcoin [BTC] briefly reclaimed $71,000.
The altcoin was third behind Flow Network [FLOW] and Bitcoin SV [BSV], which recorded 38% and 16%, respectively. This showed that altcoins were generally rebounding after a period of weakness that began toward the tail end of 2025.
Source: CryptoRank While Akash Network’s trend has followed the BME proposal, the technical outlook has similarly shown strength.
AKT breaks above a multi-month wedge pattern The daily chart showed that AKT broke above a multi-month wedge consolidation pattern. The pattern formed in May 2025 when most altcoins rallied but AKT moved sideways.
At the time of writing, buyers appeared dominant. The Bull Bear Power indicator turned positive, with a reading of 0.144. That value exceeded levels recorded during the brief uptrend seen in early 2026.
Even three days after the BME proposal surfaced, social sentiment continued rising. Sentiment readings reached 82%.
Community sentiment stood even higher. CoinMarketCap data showed 91% bullish votes from participants.
Source: AKT/USD on TradingView If the breakout is sustained, AKT price may trend toward the top of the wedge at the $2 level. However, the most likely target sat at $1, but only if the $0.60 zone is obliterated. Still, that did guarantee uptrend continuation.
AKT supply tokens trend declining The supply dynamics were also improving with the BME proposal voting ending on the 14th of March.
The data from Mintscan showed that the token supply trend had declined from 3.696 million AKT to 3.562 million tokens in just a week. This indicated supply was tightening, which is bullish if the current AKT demand continues.
Source: Mintscan Additionally, the crowd was jazzed about the full network upgrade that was coming late this month on the 23rd of March. This was putting Akash Network among trending tokens by social buzz on LunarCrush.
Final Summary AKT price surged 14% as supply tightened amid the ongoing BME proposal. AKT price was eyeing to reclaim $1, though bears at $0.60 could make this difficult.
The AI narrative is slowly taking over the crypto space, improving speeds and volume traded. Akash Network is the latest to benefit from the AI infrastructure, with its price surging 17% in 24 hours.
Akash’s AI model built by Overclock Labs was crushing other LLMs on OpenRouter. Here is how the model increased the trading activity on the network.
Akash Network’s AI model increases daily token volume As per data from OpenRouter, AkashML reached a new all-time high of 6.58 billion tokens processed in the last 24 hours. The team achieved this milestone in less than two months after launching the product.
Worth noting, processing over 5 billion tokens per day has become the norm since toward the end of April. April alone processed almost 120 billion tokens.
Source: OpenRouter The founder of Akash Network, Greg Osuri, echoed this incredible milestone. Some users were using AKT to host on the network without being aware of it. Greg wrote on X,
Its incredible what you can achieve by abstracting away crypto rails.
In addition to Greg Osuri’s backing, Forbes also supported the initiative. Forbes named Akash Network alongside Render Network [RENDER] and Bittensor [TAO] as the core AI infrastructures powering decentralized computing.
Forbes called them the layers that would eliminate the need for centralized cloud providers entirely.
As such, token trading volume on the network surged immensely and continues to do so.
Network capacity analysis The network capacity showed that there were 61 active providers, with computing power rising by almost a percent during the day. Over 11.12K CPUs were at work.
Source: Akashstats On the contrary, GPUs available had declined by 3.98%, reaching 217. Memory and storage were also down at the time of press.
AKT bulls eyeing $1 target On the charts, AKT broke out of a monthly consolidation in May following a flat moving average. The price of the altcoin rose above the 100 EMA and confirmed with a retest around the $0.60 zone.
After ranging between $0.60 and $0.65 for five days, the altcoin sprung out to a 2026 high of about $0.79. This suggested that AKT could head toward $1 as bulls’ momentum rose, as seen in the MACD bars.
Source: AKT/USD on TradingView However, the bulls were facing a test as AKT showed signs of pausing between $0.75 and $0.80. If bulls keep buying the altcoin, the $1 target may be viable. Otherwise, AKT may correct, as assets tend to do after such rallies.
Final Summary Akash Network rallies 17% after increased daily trading volume powered by its AI model. AKT bulls were eyeing the $1 price mark, which they could achieve only if they maintained current buying and trading activities.
Akash Network [AKT] fell over 12% in 24 hours as trading volume collapsed 32%, extending heavy selling pressure across markets during Friday trading.
Market capitalization also declined 13.11% to nearly $204.34 million, reflecting weakening investor confidence during the sharp retracement. Trading activity weakened further as daily volume fell 32.82% to around $9.93 million.
The decline showed that speculative participation had already cooled after AKT’s explosive rally toward the $0.90 region.
Earlier buying pressure pushed the token into a steep breakout phase. However, sellers quickly regained control after the rally overheated.
Exchange outflows deepened during the decline Spot flow data showed growing exchange outflows throughout AKT’s latest pullback. Netflows recently dropped to nearly -$293.64K, signaling that traders continued withdrawing liquidity from exchanges during the correction.
Several previous sessions also showed persistent negative netflows across the broader trend.
The structure suggested investors increasingly moved tokens away from immediate sell-side activity.
However, the market still failed to stabilize despite the continuous outflow pressure. Price weakness remained dominant as broader sentiment deteriorated across the sector.
Earlier inflow spikes briefly supported AKT’s rally phase during January and March.
Source: CoinGlass Can AKT defend key support levels? AKT lost strength after rejecting sharply below the major $0.906 resistance zone. The daily chart showed sellers aggressively defending that level after the recent vertical rally.
Price then retraced toward the critical $0.595 support region, which previously acted as a breakout level during early May. Buyers still attempted to defend that structure despite growing downside pressure.
However, AKT continued printing strong bearish candles after the rejection near local highs. The correction also erased a large portion of the breakout structure within only several trading sessions.
Earlier bullish expansion pushed the token from nearly $0.40 toward $0.90 in a rapid move. If sellers maintained control, AKT could revisit the $0.595 support again before any meaningful recovery attempt emerged.
RSI conditions weakened sharply after the indicator previously entered overheated territory above 74. The daily RSI later dropped near 52, reflecting fading bullish strength after the aggressive rally phase.
The decline suggested buying activity had already slowed considerably during the retracement.
Source: TradingView Long liquidations absorbed heavy selling pressure Liquidation data showed bullish traders absorbed most of the recent downside volatility.
Total long liquidations recently climbed above $56K, while short liquidations remained near only $1.85K. Binance alone accounted for over $37K in long liquidations during the latest flush.
Gate also recorded more than $13K in liquidated long positions across the decline. That imbalance reflected aggressive bullish exposure before the correction accelerated.
Earlier rally conditions likely encouraged traders to overleverage long positions near local highs.
However, the sudden reversal triggered rapid liquidation cascades as prices weakened sharply. Short liquidations stayed relatively low throughout the decline, showing bearish traders largely avoided major pressure during recent sessions.
The structure continued favoring sellers across the broader market environment.
Source: CoinGlass AKT’s recent decline reflected weakening speculative demand after the rally overheated near $0.90. Persistent outflows still suggested investors avoided panic selling despite the correction.
However, sellers maintained strong control below resistance. If AKT failed to defend the $0.595 support region, the broader structure could weaken further before buyers regained confidence.
Final Summary AKT’s rally weakened rapidly after rejection below the critical $0.906 resistance zone. Long liquidations increased sharply as traders reduced bullish exposure during the correction phase.
Akash Network [AKT] has been trending higher every day for the past one month or so. In fact, in the last 24 hours, AKT gained by more than 10%, regaining almost all of its losses from the 12% pullback over the weekend.
These gain pushed the altcoin’s gains for the past month to 72% as DePIN networks gained pace. I
That may be why traders are now anticipating the altcoin to reclaim the $1-mark. Here is why it is possible –
AKT’s bullish reversal continuation AKT’s daily chart revealed that Akash Network formed a bottom in the first and second quarters of the year. However, the real breakout occurred this May.
AKT appeared to have found a floor for trend continuation at the neckline of the bullish reversal pattern at $0.57. At the time of writing, its price was attempting to surpass $0.955 which would see AKT reclaim $1 and potentially higher levels.
Buyer momentum also appeared since the daily MACD bar turned green. This was confirmed by the purchase of more than 240K AKT tokens in the last 24 hours.
Source: AKT/USDT on TradingView However, the resistance level at $0.955 may delay the rally. This would make $0.57 the last area of bullish bias if the price holds above it. Otherwise, it may signal an invalidation of the ongoing bullishness.
Assessing network’s development and trading activity The trading activity of the Akash Network’s native token has also been exploding. Over the past month, it rose by more than 160% – Reaching $471.6 million. This hinted at massive capital inflows across the board.
Source: Token Terminal Additionally, core developers of the decentralized AI network increased by 3.8%, reaching 27. Code commits over the same period surged by 7.2% to 239 too.
Together, these updates suggested that more developers may be embracing the AI infrastructure. In essence, this sector has been outrunning 99% of the crypto market this month.
Key integrations into the network Finally, AKT’s social sentiment has grown too. This week, its founder Greg Osuri made a presentation at the Economist Impact AI Compute Summit in Amsterdam.
The event coincided with recent integrations into the network, which included Venice AI [VVV] and FLock.io [FLOCK]. They have been targeting decentralized AI inference in the same way that Near Protocol [NEAR] and others were rotating into it.
Put simply, the fundamentals and chain activity seemed to be in support of potential uptrend continuation. Still, traders should be wary of normal pullbacks or even sudden market shifts that may arise due to uncertainty.
Final Summary Akash Network rallied by more than 10%, extending its monthly gains to over 72% despite a pullback this weekend. Recent integrations have been key to the network’s performance over the past few weeks.
Quick Answer: Akash Network (AKT) is trading near $0.85–$0.97 as of May 2026, down approximately 89% from its all-time high of $8.08, ranking approximately #128 globally. Analyst forecasts for 2026 range from $0.50 (CoinLore bear floor) to $5.21 (CoinLore bull case), with Changelly projecting a year-average near $0.975 and DigitalCoinPrice placing AKT at $0.65–$1.96. For 2030, projections span from $1.05 (Coinbase 5% linear) to $21.11 (CoinLore aggressive bull). Key catalysts include AKT’s +24.85% weekly gain in May 2026 as the top AI/DePIN gainer, its positioning as a decentralized GPU alternative to AWS for AI training workloads, and the broader DePIN sector continuing to attract institutional attention.
Key Takeaways:
AKT gained +24.85% in May 2026 — among the top weekly crypto gainers, leading AI/DePIN sector Akash Network provides decentralized GPU compute as an alternative to AWS/Google Cloud for AI training at lower cost ATH: $8.08 — current price ~$0.90 represents ~89% drawdown; AKT needs ~9x to revisit ATH DigitalCoinPrice: AKT reached $3.90 in first week of May 2026 before correcting to $0.90 2030 moderate bull case: $1.29–$3.39 (Changelly); aggressive bull: $21.11 (CoinLore) What Is Akash Network (AKT)? Akash Network is a decentralized cloud computing marketplace and Layer 1 blockchain built on Cosmos SDK, founded by Greg Osuri and Adam Bozanich in 2018 and launched on mainnet in 2021. Its core value proposition is enabling anyone with spare compute resources — servers, data centers, or GPU rigs — to sell those resources to developers and enterprises through a permissionless marketplace, at prices typically 70–90% lower than equivalent resources on AWS, Google Cloud, or Microsoft Azure.
AKT is the native governance and staking token of the Akash Network. It is used for:
Staking: securing the network via Cosmos delegated proof-of-stake Governance: voting on protocol upgrades, parameter changes, and treasury allocations Transaction fees: paying for network operations Take rate: a portion of marketplace transaction fees accrues to AKT stakers Akash has positioned itself specifically as a decentralized GPU cloud for AI workloads — particularly model training and inference — at a time when GPU compute is in extreme global shortage. As BCR’s May 2026 weekly gains analysis noted, Akash Network gained +24.85% in the week, with analysts attributing the move to its growing role as a decentralized alternative to centralized AI compute platforms like AWS for high-performance GPU computing during AI training.
According to CoinMarketCap, AKT has a circulating supply of approximately 271 million tokens and a market capitalization of approximately $250–265 million as of May 2026.
How Does Akash Network Compare to Other DePIN Compute Protocols? Akash competes directly with other decentralized compute networks in the DePIN category, as well as indirectly with centralized cloud providers.
ProjectTokenFocusMarket CapGPU SupplyAkash NetworkAKTGeneral cloud compute (CPU + GPU)~$255M~$500M GPU supplyRender NetworkRNDRGPU rendering + AI inference~$1.5B3D/AI renderingio.netIOGPU compute marketplace~$350MMulti-provider GPUBittensorTAODecentralized AI models~$4BAI model trainingFilecoinFILDecentralized storage~$2BStorage (not compute) Akash’s advantage over Render is broader use case coverage — Akash supports general-purpose containerized workloads (Kubernetes), not just rendering. Its market cap discount vs Render and Bittensor suggests market undervaluation relative to its operational metrics — or structural concerns about monetization at enterprise scale. The Akash Supercloud processes real enterprise workloads, making it one of the few DePIN compute protocols with verified production usage beyond speculation.
Akash Network (AKT) Price Today and Market Overview MetricValue (May 2026)Price~$0.85–$0.97Market Cap~$250–265M24h Volume~$20–23MCMC Rank~#128ATH$8.08 (2024)ATH Drop~89%Circulating Supply~271M AKT As of May 29, 2026, AKT is trading near $0.85–$0.97. DigitalCoinPrice data (May 25, 2026) shows AKT at $0.90, with RSI at 66.53 (neutral territory), trading up on 17 of the past 30 days with 6.03% price volatility — suggesting moderate momentum with room for continuation. The 50-day SMA is below the current price (BUY signal) while the 200-day SMA remains above, acting as key resistance near $1.50–$2.00.
The market context in May 2026 is constructive for AI/DePIN: AKT’s +24.85% weekly gain placed it alongside Sahara AI (+42.5%) and BUILDon (+32.66%) as the strongest DePIN performers of the week. This sector rotation reflects continued investor interest in projects with genuine AI infrastructure use cases beyond pure speculation.
A critical recent data point from DigitalCoinPrice: AKT reached $3.90 in the first week of May 2026 before dropping below $2.39 — a significant volatility event illustrating AKT’s capacity for rapid moves in both directions.
AKT Price History Snapshot PeriodPrice LevelKey Event2021Launch ~$0.50–$3.00Mainnet launch on Cosmos2022Bear market $0.30–$1.502023Recovery $1–$4GPU shortage narrative2024ATH $8.08Peak AI compute demandLate 2024Correction $2–$5Early 2025Range $1.50–$4Akash Accelerate 2025Late 2025Decline to $0.60–$1.20Broad altcoin correctionMay 2026Spike to $3.90 then $0.90Volatile DePIN sector moveMay 29, 2026~$0.85–$0.97Current trading range AKT Price Prediction 2026 2026 is pivotal for Akash. The AI compute narrative is structural and growing — GPU shortages remain a real constraint for AI developers, and Akash’s marketplace pricing (70–90% below AWS) is a genuine cost advantage that enterprise clients increasingly care about.
SourceLowHighNotesCoinbase (5% linear)—$0.87Flat growth modelKraken (5% linear)—$0.89Near flatMEXC (5% flat)—$0.60March data; post-correctionPricePrediction.net—$1.49Technical modelChangelly$0.899$0.975 avgMay-based modelDigitalCoinPrice$0.65$1.96Range; year-end ~$1.51TradersUnion—$2.75Adoption-basedCoinLore$0.50$5.21Wide bull/bear range Coinbase and Kraken flat models ($0.87–$0.89) represent the floor — minimal appreciation. Changelly’s $0.899–$0.975 average and DigitalCoinPrice’s $0.65–$1.96 range represent the base recovery scenario. PricePrediction.net’s $1.49 and TradersUnion’s $2.75 reflect moderate bull cases where AI compute adoption translates into AKT demand. CoinLore’s $0.50–$5.21 range captures the full spectrum from continued correction to a full cycle reversal.
AKT Price Prediction 2027 2027 sits in the prime post-halving altcoin window. Akash’s DePIN narrative becomes increasingly credible as AI compute demand continues growing — with institutional capital potentially rotating into dedicated AI infrastructure tokens.
SourceLowHighCoinbase—$0.91PricePrediction.net$0.14$0.42Changelly$1.09$4.96 (avg $2.41)DigitalCoinPrice—$1.51CoinLore$1.76$3.63 Coinbase flat model stays near $0.91. PricePrediction.net is conservatively bearish ($0.14–$0.42). Changelly’s $1.09–$4.96 (average $2.41) and CoinLore’s $1.76–$3.63 represent the moderate-to-strong bull scenarios where Akash captures meaningful market share from centralized cloud providers. At $2.41, AKT would have appreciated roughly 2.7x from current prices — consistent with historical altcoin halving-cycle behavior.
The Akash Accelerate 2024 summit identified the intersection of DePIN and decentralized AI as the defining theme for compute infrastructure over 2025–2027, with real-world applications in finance, manufacturing, and enterprise AI training the primary adoption pathways.
AKT Price Prediction 2028 2028 is the next Bitcoin halving year — the macro trigger that has driven Akash’s previous largest cycle moves.
SourceLowHighPricePrediction.net$0.43$1.19Changelly$3.29$6.45 (avg $4.64)CoinLore—$6.78 Changelly’s $3.29–$6.45 (average $4.64) and CoinLore’s $6.78 represent a halving-cycle bull scenario where AKT trades above its current ATH. PricePrediction.net stays conservative at $0.43–$1.19. Reaching $6.45 from current prices represents approximately a 7x gain — significant but within the range of what AKT achieved from its 2022 lows to its 2024 ATH.
AKT Price Prediction 2029 SourceLowHighPricePrediction.net$2.11$12.66 (avg $7.04)Changelly$1.28$4.53 (avg $2.55) 2029 is the late-cycle bull phase. PricePrediction.net’s aggressive $12.66 maximum and $7.04 average represent a scenario where Akash has established itself as a significant enterprise GPU cloud platform with billions in annualized compute revenue. Changelly’s more conservative $1.28–$4.53 range implies moderate appreciation toward 2024 ATH levels.
AKT Price Prediction 2030 SourceLowHighCoinbase (5% linear)—$1.05Kraken (5% linear)—$1.05PricePrediction.net$0.65$2.42 (avg $1.48)Changelly$1.29$3.39TradersUnion—avg $1.16CoinLore—$21.11 Coinbase and Kraken flat floors at $1.05 represent minimal appreciation. PricePrediction.net ($0.65–$2.42), Changelly ($1.29–$3.39), and TradersUnion (~$1.16) cluster in the conservative-to-moderate recovery zone. CoinLore’s $21.11 is the aggressive bull case — requiring Akash to become a multi-billion-dollar compute marketplace competing meaningfully with AWS and Google Cloud for AI workloads by 2030. The most cited realistic 2030 range is $1.29–$6.45 across two halving cycles.
What Drives Akash Network (AKT)’s Price? AI compute demand. The global AI GPU compute market is the most powerful structural tailwind for Akash. Every major AI lab (OpenAI, Anthropic, Google DeepMind) faces GPU scarcity and cost pressure. Akash’s marketplace, priced 70–90% below AWS, directly addresses this scarcity. Growing AI training and inference workloads deployed through Akash’s marketplace create organic AKT demand.
AKT staking take rate. A percentage of all compute payments on the Akash marketplace accrues to AKT stakers as revenue. As marketplace transaction volume grows, staking yields increase — attracting more staked AKT, which tightens circulating supply. This creates a direct fundamental link between Akash’s marketplace usage and AKT’s price floor.
GPU supply additions. The supply side of Akash’s marketplace grows as more data center operators, GPU mining facilities transitioning to AI compute, and individual GPU holders connect their hardware. Network effects compound: more supply attracts more buyers; more buyers attract more supply. Tracking total GPU supply on the Akash marketplace is the most reliable indicator of fundamental platform growth.
Cosmos ecosystem development. Akash is built on Cosmos SDK and benefits from the broader Cosmos IBC (Inter-Blockchain Communication) ecosystem. Cross-chain integration with other DeFi protocols, the expansion of ATOM’s staking and governance utility, and Cosmos-native liquidity improvements all benefit AKT’s accessibility and composability.
Bitcoin halving cycles. AKT moves with strong Bitcoin correlation during macro bull phases. The 2028 halving is the next major trigger. AKT’s history — from $0.30 lows in 2022 to $8.08 ATH in 2024 — demonstrates its capacity for large percentage moves within cycles.
Enterprise adoption milestones. Specific enterprise partnerships, integration with major AI frameworks (Hugging Face, PyTorch), or government compute contracts using Akash infrastructure would represent re-rating catalysts beyond standard cycle appreciation.
Is Akash Network (AKT) a Good Investment? AKT at $0.85–$0.97 prices the world’s most functional decentralized GPU cloud marketplace at approximately $255 million — roughly 6x below its 2024 ATH of $8.08, and at a fraction of Render Network’s $1.5 billion market cap despite Akash having broader compute use cases.
The bull case: AI GPU compute demand is growing faster than centralized cloud supply. Akash’s pricing advantage (70–90% cheaper than AWS) is structural, not temporary. The Cosmos SDK architecture gives Akash proven performance and IBC composability. AKT’s staking take-rate mechanism creates an increasingly credible fundamental valuation floor as marketplace volume grows.
The bear case: enterprise cloud adoption is slow, and large enterprises prioritize AWS reliability guarantees over cost savings. AKT’s circulating supply dynamics and Cosmos staking mechanics are complex. PricePrediction.net’s conservative 2027 range of $0.14–$0.42 captures the scenario where real-world GPU workload adoption doesn’t materialize at scale.
For investors who believe decentralized AI compute infrastructure will capture a meaningful share of the $400B+ cloud compute market by 2030, AKT near its lowest levels since 2020 offers speculative exposure to that thesis at a compressed valuation relative to both its own ATH and comparable DePIN projects.
Nothing in this article constitutes financial advice. Cryptocurrency investments carry substantial risk.
Where to Buy Akash Network (AKT) Centralized exchanges (CEX):
Binance — AKT/USDT and AKT/BTC; highest global liquidity Coinbase — AKT/USD for US users Kraken — AKT/USD and AKT/EUR KuCoin — AKT/USDT with competitive fees Gate.io — AKT/USDT available globally OKX — AKT/USDT spot trading Decentralized options: AKT is a Cosmos-native token tradeable on Osmosis DEX (the primary Cosmos ecosystem DEX) and accessible through Keplr Wallet. For Ethereum users, bridged AKT is available on Uniswap via IBC bridge. The official Cosmos wallet for AKT staking is Keplr.
Staking: AKT holders can delegate to validators on the Akash Network to earn staking rewards (currently approximately 10–15% APY) plus a portion of marketplace take-rate revenue. Staking through Keplr Wallet or Cosmostation is the most common approach for self-custody stakers.
Frequently Asked Questions What is the Akash Network price prediction? For 2026, forecasts range from $0.50 (CoinLore bear floor) to $5.21 (CoinLore bull case). Changelly's May-based model projects an average near $0.975. DigitalCoinPrice targets $0.65–$1.96 with a year-end of ~$1.51. The base case consensus for 2026 is $0.87–$1.96, with above-base scenarios requiring continued AI compute narrative momentum and a Bitcoin-driven altcoin recovery in H2 2026.
How high can AKT go? In a moderate 2030 bull scenario, Changelly projects $1.29–$3.39. PricePrediction.net's maximum for 2029–2030 reaches $12.66. CoinLore's 2030 aggressive bull case is $21.11. Reaching the ATH of $8.08 from current prices represents approximately a 9x gain — achievable in the 2027–2028 halving cycle if Akash captures meaningful enterprise AI compute market share.
What is Akash Network? Akash Network is a decentralized cloud computing marketplace and Cosmos SDK blockchain where providers offer GPU and CPU compute resources and users deploy containerized workloads at 70–90% below AWS pricing. It is used for AI model training, inference, and general-purpose cloud compute. AKT is its governance and staking token with a take-rate mechanism linking marketplace revenue to staker yields. AKT gained +24.85% in May 2026 as investors recognized its role in the decentralized AI compute infrastructure stack.
What is the AKT price prediction for 2030? The 2030 range spans from Coinbase's flat $1.05 to CoinLore's aggressive $21.11. Changelly projects $1.29–$3.39. PricePrediction.net targets $0.65–$2.42. The most cited realistic planning range for 2030 is $1.29–$6.45, dependent on Akash capturing enterprise-grade AI compute workloads and two Bitcoin halving cycles providing market tailwinds.
Is Akash Network a good investment? Akash has genuine infrastructure value — a functioning decentralized GPU marketplace priced 70–90% below AWS, built on Cosmos SDK, with a staking take-rate linking marketplace revenue to AKT. At $0.90, it trades at approximately $255M market cap — well below Render Network ($1.5B) despite broader use cases. Key risks include slow enterprise cloud adoption, complex Cosmos staking mechanics, and the gap between the current SERP of developer-stage deployments and the enterprise-scale workloads needed to justify higher valuations. For investors with DePIN/AI compute conviction, AKT near its post-ATH lows offers asymmetric exposure.ShareContentThe theoretical threat of quantum computers to Bitcoin’s cryptographic security now has a dollar figure: $469 billion. That’s the value of 6.04 million BTC, or 30.2% of the total issued supply, whose public keys are exposed on-chain today and could be exploited if a sufficiently powerful quantum compastedQuick Answer: AMP is currently trading near $0.000841, down roughly 99.3% from its June 2021 all-time high of $0.1208. Third-party forecasts for 2026 range widely — from $0.0009 on the bearish end (CoinCodex) to $0.0100 on the bullish end (PricePrediction.net) — with the base-case consensus sitting pasted
Akash Network [AKT] gained more than 14% in the past 24 hours as altcoins attempted to recover from the week’s selling pressure.
The move came as Bitcoin [BTC] rose over 2.5%, lifting several higher-beta assets, including Ethereum [ETH], Ripple [XRP], Solana [SOL], and AKT.
Even so, several on-chain metrics remained mixed despite rising volume, development activity, and a technical breakout.
Can Akash Network build on this rebound? Akash Network [AKT] rebounded from a former resistance zone that had acted as a support area after May’s breakout.
AKT traded between $0.436 and $0.526 for more than a month before breaking higher and rallying toward $0.960. The $0.526 level later flipped into support and emerged as a key buying area.
The Cumulative Volume Delta (CVD) improved from negative 1.74 million to a daily peak of 337,000 AKT. That shift suggested buyers regained control after a period of sustained selling pressure.
On top of that, momentum indicators showed early signs of improvement.
Source: AKT/USD on TradingView The MACD turned positive for the first time in June on the 4-hour chart. Its signal line also crossed higher, pointing to strengthening momentum.
However, AKT still needed to reclaim the $0.70-$0.75 zone to strengthen the bullish case.
Until then, the broader short-term structure remained weak, leaving the latest move vulnerable to a pullback.
Is network activity improving again? On-chain activity painted a mixed picture, though several key metrics showed renewed growth.
Token trading volume doubled over the past two days, rising from $8.38 million to $16.25 million. Monthly trading volume also climbed 54% to $414 million.
Source: Token Terminal Development activity improved as well.
Code commits increased 20% over the past month, reaching roughly 269. That move aligned with stronger network usage.
According to DeFiLlama, fee revenue continued rising through mid-May. Peak fees reached $7,858, while daily revenue climbed to $5,186.
Source: DeFiLlama Higher fees typically reflect greater network activity, suggesting usage remained healthy during the rebound. Taken together, these metrics pointed to improving engagement across the network. Even so, sustained growth may be needed before a broader bullish trend can take shape.
Final Summary AKT recovered 14% after rebounding from a former resistance zone that has now turned into support. The $0.70-$0.75 zone remains the key area AKT must reclaim before a broader trend recovery can be considered.
Akash Network [AKT] rallied 25.33% over the past 24 hours and reached $0.7762, while trading volume surged 261.04% to $18 million. The sharp increase in participation showed that traders returned aggressively after weeks of choppy price action.
Earlier in June, AKT struggled to maintain bullish traction as sellers controlled the trend.
However, buyers reclaimed control and pushed the token away from the key demand region near $0.56.
Rising volume supported the move, which suggested genuine market interest rather than a short-lived spike.
As a result, AKT entered one of its strongest daily advances in recent weeks and regained attention across the broader altcoin market.
Why are futures sellers still active? Despite the powerful recovery, futures order flow painted a different picture beneath the surface.
Futures Taker CVD remained seller-dominant, indicating that aggressive sell orders continued outweighing market buys.
This divergence suggested that many participants used the rally to reduce exposure or secure profits rather than chase higher prices.
Although AKT advanced sharply, derivatives traders did not fully embrace the move.
Such conditions often create uncertainty because price appreciation occurs while sell-side pressure persists.
Even so, buyers absorbed that pressure effectively throughout the session. That resilience strengthened the bullish narrative in the short term.
Nevertheless, persistent seller dominance remained a factor worth monitoring because sustained rallies typically benefit from stronger buy-side participation across futures markets.
Source: CryptoQuant AKT retakes support as bulls return AKT reclaimed the major support zone around $0.567 and produced one of its strongest rebounds since the early-June decline. The recovery also lifted price above recent consolidation levels, signaling that buyers regained control of the short-term trend.
From a technical perspective, the daily MACD delivered a bullish crossover as the MACD line turned higher toward the signal line.
Histogram bars also improved significantly after an extended bearish phase, highlighting strengthening buying interest.
Price now approached the next resistance level near $0.827, which previously acted as a rejection area.
A successful break above that region could open the path toward the psychological $1.00 level shown on the chart.
However, buyers would need to defend the reclaimed $0.567 support zone to maintain the current bullish structure.
Source: TradingView Binance traders keep backing the rally Binance positioning data showed that top traders largely favored the upside despite lingering sell pressure elsewhere.
On June 14, 62.13% of top trader accounts held long positions, while only 37.87% remained short.
The resulting long-to-short ratio stood at 1.64, reflecting a clear bullish bias among experienced participants.
Throughout the recent recovery, traders steadily increased their directional exposure toward higher prices.
The positioning aligned with AKT’s breakout from support and reinforced expectations of additional gains.
Even though futures takers continued selling aggressively, Binance’s leading traders maintained confidence in the recovery.
Source: CoinGlass Final Summary AKT reclaimed key support as volume surged and bullish signals strengthened. Binance traders stayed heavily long despite continued seller-dominant futures activity.
Akash Network [AKT] remained under pressure during the latest session as sellers tightened their grip on the market. At press time, the token fell 14.14% over the past 24 hours and traded near $0.744. Despite the decline, trading activity accelerated sharply.
Daily volume climbed 70.31% to $18.85 million, showing that participants increased their activity during the sell-off rather than stepping away from the market. This combination of rising volume and falling price often reflected stronger conviction from sellers.
As a result, the latest decline appeared driven by active distribution rather than a lack of interest.
Why are AKT’s traders still leaning bullish? Sentiment among Binance traders painted a very different picture from the price action. CoinGlass analytics showed that 63.85% of accounts remained long, while only 36.15% held short positions. This pushed the Long/Short ratio to 1.77, highlighting a clear bullish bias despite the ongoing correction.
The positioning trend had strengthened over recent days as the ratio climbed from lower levels recorded earlier in June. Traders continued to increase bullish exposure even as AKT extended its losses.
The persistent long dominance showed that traders had not abandoned expectations of a broader recovery despite the recent weakness.
Source: CoinGlass AKT approaches a decisive technical zone Price structure remained constructive on the daily chart despite the recent correction.
AKT continued to hold above the key $0.676 support level, a zone that previously triggered a strong rebound toward higher resistance. Below that area, the next major support rested near $0.568. As long as buyers defended these levels, the broader recovery structure remained intact.
The chart also highlighted a major resistance barrier near $0.906. Recent attempts to challenge that zone failed, which contributed to the latest pullback. At the time of writing, RSI reflected a neutral outlook rather than outright weakness. The indicator stood at 52.09 while its signal line remained near 47.15.
Earlier in June, RSI recovered from oversold territory and crossed above its moving average, indicating improving market strength. Although RSI eased slightly during the correction, it continued to hold above the midpoint.
If buyers regain control near support, AKT could attempt another move toward the $0.906 resistance area.
Source: TradingView AKT’s liquidity concentration above $0.90 draws attention The liquidation heatmap revealed a notable concentration of liquidity above current prices. Several of the largest liquidation clusters sat between $0.90 and $0.92, with the strongest concentration positioned near $0.906.
Markets frequently gravitated toward such liquidity zones because leveraged positions accumulated around these levels. Current price action remained significantly below that cluster after the recent decline toward the $0.74 region.
However, the presence of dense liquidity overhead suggested that a recovery could attract price toward those levels if buying pressure strengthened. Closer liquidity pockets also appeared between $0.79 and $0.85, creating intermediate targets before any test of the larger resistance zone.
On the downside, liquidity remained comparatively lighter beneath current levels.
Source: CoinGlass Final Summary Binance traders remained heavily long despite Akash Network extending its recent decline. Key support held firm while major liquidity clustered near overhead resistance.
aelf, a pioneering blockchain network is set to reshape the future of technology as it has unveiled its strategic pivot towards integrating Artificial Intelligence (AI) capabilities within its system. The Singapore-based blockchain entity shared the announcements alongside the news of its $50 million ecosystem fund, designated to support the AI transformation initiatives.
aelf’s Vision for a Smarter Blockchain This transformative initiative ushers a new era for the aelf blockchain as it transitions from a decentralized network to a dynamic network empowered by cutting-edge AI models and agents. The goal is to enhance its functionalities and elevate user experiences to unprecedented levels.
According to the founder of aelf, Auric, the evolution of the network which involves the fusion of computation, large language models (LLM), and agents within the aelf blockchain represents a revolutionary achievement in the broader tech world. Auric said:
“Seven years ago, we foresaw the future of blockchain and embarked on a journey to develop modular systems, parallel processing, cross-chain bridges, and cloud-native architecture, which have since become industry standards. Now, we envision AI as the next frontier for blockchain technology and are committed to pioneering this transformation in Asia. This AI integration aims to cultivate a self-evolving system – a smarter, self-learning blockchain where each new block surpasses its predecessor.”
Powered by aelf Ventures’ Ecosystem Fund To foster and expedite the convergence of AI and blockchain technologies, aelf Ventures, the investment arm of aelf, will allocate its $50 million Ecosystem Fund strategically to support innovative AI initiatives seeking integration with blockchain solutions.
In addition, aelf will roll out developer-friendly toolkits to empower the community to leverage these cutting-edge technologies for various tasks. Some of these tasks will include data pre-processing, model training, fine-tuning, deployment, agent development, on-chain deployment, and monetization within the aelf blockchain network.
The whole transition will integrate current projects and games hosted on the aelf blockchain into these AI capabilities. As for new projects, these will benefit from aelf’s robust foundation, offering a responsive and agile blockchain ecosystem characterized by heightened efficiency, reinforced security protocols, and advanced intelligent automation.
At the beginning of this year, CharacterX, a decentralized synthetic social network, announced it secured $2.8 million to invest in propelling AI and blockchain integration in Web3. A clear indication of the evolving future of AI in the crypto space.
Tech enthusiasts say the AI-driven transformation by aelf’s shows it is committed to promoting a culture of continuous innovation. They consider it a significant contribution to the tech space from the early days when stakeholders in the blockchain world converged in Malta at the AI & Blockchain Summit in 2018 to chart a path for the sector.
Industry experts hold optimistic views that integrating artificial intelligence capabilities within its blockchain infrastructure will expand aelf’s capabilities. Ultimately it will deliver user-centric value and drive forward the entire blockchain industry into a new era of unprecedented possibilities.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.
In a significant move poised to redefine the landscape of artificial intelligence (AI) integrated with blockchain technology, aelf, the high-performance Layer 1 blockchain, and AgentLayer, the world’s first decentralised network tailored for AI agents, have announced a strategic alliance. This groundbreaking partnership aims to propel the integration of AI with blockchain, paving the way for the development of a pioneering decentralised AI infrastructure and ecosystem.
By fostering collaboration among stakeholders across Asia, including researchers, startups, government bodies, and industry experts, the alliance seeks to drive innovation and expand the application of AI-enhanced blockchain infrastructure through open innovation initiatives.
aelf and AgentLayer: A Vision for Decentralised AI Advancement The alliance between aelf and AgentLayer signifies a strategic convergence of expertise and resources towards advancing the integration of AI and blockchain technologies. With a shared vision of fostering an ecosystem where AI and blockchain coexist harmoniously, both entities are committed to leveraging their respective strengths to unlock new possibilities in decentralised AI infrastructure.
For aelf, renowned for its high-performance blockchain architecture, this partnership represents a strategic step towards realising its vision of facilitating the seamless interaction between AI agents and blockchain networks. On the other hand, AgentLayer, spearheaded by leading AI researchers, brings to the table innovative AI protocols designed to empower autonomous AI agents within a decentralised network framework.
Strategic Synergy for AI-Blockchain Integration The collaboration between aelf and AgentLayer holds immense potential for enhancing the underlying capabilities of AI and blockchain technologies. By harnessing aelf’s AI-enhanced blockchain architecture, AI systems can optimally leverage blockchain computational resources, facilitating complex computations and smart contract automation.
This innovative AI-blockchain synergy not only enhances the reliability and efficiency of smart contract execution but also fosters the development of a robust ecosystem for Layer 1 and Layer 2 projects, decentralised computing networks, and AI agents.
Additionally, AgentLayer’s AI integration with aelf’s decentralised cloud blockchain paves the way for scalable architecture, dynamic resource allocation, and enhanced security measures, empowering developers to create and deploy smarter decentralised applications (dApps) with unprecedented efficiency and scalability.
AUTHOR
Mysterious crypto writer with expertise in blockchain, offering deep insights that captivate and intrigue readers. With a unique ability to uncover hidden insights and trends, Samuel delivers in-depth analysis and thought-provoking content that keeps readers on the edge of their seats. His writing style is engaging and informative, blending technical knowledge with a sense of intrigue, making complex crypto topics accessible to both newcomers and seasoned industry professionals. Samuel’s work continues to capture the attention of the crypto community, solidifying his reputation as a trusted voice in the space.
In a recent announcement via social media platform X, aelf, a pioneering force in the blockchain arena, unveiled a significant upgrade to its Token Contract. This upgrade promises to revolutionize the functionalities of decentralized applications (dApps) within the aelf ecosystem. The enhancements, namely Multitoken Contract and NFT Aliases, mark a crucial step forward in simplifying processes and enriching user experiences within the blockchain realm.
The Multitoken Contract feature introduces a groundbreaking capability, allowing users to batch approve multiple Non-Fungible Tokens (NFTs) within a single NFT collection. This advancement aims to streamline the often tedious process of token approval, empowering users with efficiency and convenience previously unseen in blockchain interactions.
🚀 Exciting news! We’ve just rolled out a major Token Contract upgrade to enhance the functionalities of the dApps in our ecosystem! 🌟
🔑Here are 2 main enhancements🔑
🔹 Multitoken Contract: Users can now batch approve multiple NFTs within an NFT collection, significantly…
— aelf (@aelfblockchain) May 11, 2024 Accompanying this innovation is the introduction of NFT Aliases. With this feature, users can assign aliases to NFT items within a collection, enabling these items to be displayed as symbolic representations of the collection itself. This addition not only enhances the aesthetic appeal of NFT collections but also facilitates easier identification and management for users navigating within the ecosystem.
Unlocking New Possibilities The unveiling of these enhancements underscores aelf’s unwavering commitment to fostering innovation and pushing the boundaries of blockchain technology. By leveraging the power of Multitoken Contracts and NFT Aliases, aelf aims to elevate user experiences, promote accessibility, and further solidify its position as a frontrunner in the blockchain landscape.
Founded in 2017 with its global headquarters situated in Singapore, aelf has continually led the charge in revolutionizing blockchain technology. Boasting a comprehensive suite of features including modular systems, parallel processing, cloud-native architecture, and multi-sidechain technology, aelf stands as a beacon of innovation in the industry.
At the heart of aelf’s ecosystem lies its native C# software development kit (SDK), alongside SDKs in other languages such as Java, JavaScript, Python, and Go, facilitating seamless development, integration, and deployment of smart contracts and dApps. Furthermore, a diverse array of dApps within the aelf ecosystem underscores the platform’s commitment to nurturing a vibrant and thriving blockchain network.
In addition to its technological advancements, aelf remains dedicated to driving the adoption of artificial intelligence (AI) technology within the blockchain space. By marrying cutting-edge AI integration with blockchain infrastructure, aelf endeavors to usher in a new era of smarter, self-evolving ecosystems, poised to redefine the very fabric of the digital landscape.
With the introduction of Multitoken Contracts and NFT Aliases, aelf continues to pave the way towards a future where blockchain technology transcends boundaries, empowers users, and unlocks boundless potential. The rollout of these enhancements marks a significant milestone in aelf’s journey towards reshaping the future of blockchain, one innovation at a time.
AUTHOR
Mushumir Butt is a seasoned crypto journalist with over three years of experience reporting on the world of blockchain and cryptocurrency. At Blockchain Reporter, he delivers insightful news, in‐depth project reviews, and precise price analysis and predictions. With a strong background in SEO and digital marketing, Mushumir excels at breaking down complex trends into clear, accessible content, ensuring readers stay ahead in the fast‐paced crypto space.
Cryptocurrency exchange Binance made an announcement today regarding an altcoin to inform its users. The cryptocurrency mentioned in the announcement is aelf (ELF). Let’s look into the details of Binance’s announcement.
In the announcement by Binance, it was stated that from 12:00 PM Turkey time on May 23, 2024, deposits and withdrawals of tokens on the aelf (ELF) network will be suspended to support the network upgrade for the best user experience.
The network upgrade is expected to occur at block height 212,193,783, approximately at 1:00 PM Turkey time on May 23, 2024.
What Details Were Provided?The leading cryptocurrency exchange Binance informed its users that trading of tokens on the mentioned network will not be affected.
Binance also emphasized that it will meet all relevant technical requirements for all users. Deposits and withdrawals for tokens on the mentioned network will reopen once the upgraded network is deemed stable. No further announcement will be made.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Singapore-based layer 1 blockchain network aelf has announced the appointment of Brian Liang as its first chief operating officer (COO).
aelf has been at the forefront of exploring the intersection of AI and blockchain. The platform's unique architecture enables the creation of decentralized applications (dApps) that leverage AI capabilities for enhanced decision-making, automation, and user experiences.
With a proven track record in the blockchain and finance industries, Liang brings a wealth of experience to his new role. His primary focus will be on optimizing aelf’s operations to accelerate the integration of AI capabilities, enhancing the platform’s overall efficiency and scalability.
Liang joins the company from Hong Kong-based Artifact Labs, a Web3 company incubated by the South China Morning Post dedicated to preserving and
connecting art, culture, and history on the blockchain. He also held positions as CEX advisor at Quantum Fintech Group based in Abu Dhabi and investment director at Peak Group, a Singapore family office focused on investing in Web3 and blockchain companies.
"His leadership will be instrumental in driving strategic partnerships and enhancing aelf's technological capabilities, thereby expanding the company's market reach and positioning aelf as a leader in the AI blockchain space," aelf said in a statement on Wednesday.
A well-known blockchain network, aelf, has recently announced an exclusive collaboration with ChainGPT. aelf and ChainGPT are partnering to turn aelf into an AI-driven blockchain. This collaboration supports ChainGPT’s goal of building a decentralized Web3 sector using unique AI technologies. The platform took to its official X account to provide the details of this partnership.
aelf is proud to announce our strategic partnership with @Chain_GPT to enhance our blockchain infrastructure with cutting-edge AI solutions! 🌐💡
🤖 We'll be integrating #AI solutions from ChainGPT to improve user experiences and empower developers on our AI-enhanced Layer 1… pic.twitter.com/UxRmdlZIvc
— aelf (@aelfblockchain) August 7, 2024 aelf Starts a Strategic Partnership with ChainGPT to Use AI for Decentralized Blockchain Solutions In its exclusive X post, aelf mentioned that the partnership utilizes AI to expand the functionality of its decentralized blockchain. Brian Liang, aelf’s COO, also commented on this development. The executive stated that the integration of the decentralized AI capabilities of ChainGPT is a remarkable step. The respective move reportedly drives aelf’s mission to enhance blockchain technology’s applications.
The respective collaboration will strengthen the latest and incumbent developers by offering cutting-edge tools. They will assist them in the development of more responsive and dynamic applications. In addition to this, they will also offer more intuitive and smarter interaction functionalities. In the words of Ilan Rakhmanov, the CEO and founder of ChainGPT, this integration is beneficial for both entities.
According to the executive, this is a fine endeavor for the AI-enhanced L1 blockchain and the AI-powered tools of ChainGPT. The executive added that both platforms intend to supply developers with the latest scalable solutions. Moreover, they also focus on driving innovation across the Web3 realm. As per him, the ChainGPT is always enthusiastic to collaborate with firms that share its vision for blockchain and AI’s future.
The chief target of this collaboration takes into account the integration of the refined AI chatbots of ChainGPT into aelf. This includes aelf’s website, Discord, and Telegram platforms. The respective chatbots aim to serve both retail and technical users. They will organize broad interactions. In this way, they will improve the consumer experience within the ecosystem of aelf.
The Collaboration Improves the User and Developer Experience Following that, aelf will advance its blockchain infrastructure thereof by using the decentralized AI capabilities of ChainGPT. The integration will use the AI tool suite of ChainGPT, taking into account smart contracts and NFT generators. Apart from that, it also comprises its AI-driven launchpad and AI-driven trading assistants. aelf asserted that all these things contribute to improving the user and developer experience throughout the ecosystem of the platform.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
aelf, a leading blockchain network at the forefront of exploring the intersection of AI (Artificial Intelligence) and blockchain has unveiled a pioneering partnership with ChainGPT, a leading provider of AI-driven infrastructure for the blockchain sector.
This strategic alliance is aimed at advancing aelf's transformation into an AI-powered blockchain and supporting ChainGPT's vision of a decentralized Web3 powered by AI.
Layer 1 Blockchain aelf Strengthens AI Focus With COO Appointment
This strategic move underscores aelf’s commitment to integrating artificial intelligence seamlessly within its blockchain infrastructure.
BlockheadBlockhead
Utilizing ChainGPT's sophisticated AI chatbots, aelf will integrate them across their various platforms like Telegram and Discord and also their website. These chatbots are trained on aelf's documentation and are equipped to answer any questions from the user, providing a seamless user experience.
Eventually, aelf will integrate ChainGPT's collection of AI tools like NFT generators, AI trading assistants, and its AI-focused launchpad
"This partnership will empower incumbent and new developers with advanced tools to create more dynamic and responsive applications and provide our communities with smarter, more intuitive interaction capabilities." said Brian Liang, COO of aelf in a press release.
The AI Phenomenon Shaking Crypto Markets
From Wall Street to Crypto Street, the ChatGPT effect is redefining investor sentiment while igniting an AI revolution, explains cryptoeconomics professor Aman Saggu, in a guest post for Blockhead.
BlockheadGuest Post
ChainGPT is also able to catapult its reach into new markets, representing a major breakthrough in introducing AI technologies into the blockchain ecosystem and potentially setting a benchmark on how AI can improve blockchain's capabilities.
"This integration is a great match for our AI-powered tools and aelf's cutting-edge Layer 1 AI-enhanced blockchain network. Together, we're empowering developers with advanced, scalable solutions and driving innovation in the Web3 space," shared Ilan Rakhmanov, Founder & CEO of ChainGPT in the same press release.
Unibase AI is thrilled to announce its partnership with aelf blockchain. This strategic collaboration aims to bring scalable AI solutions to the forefront. It is done by leveraging the sophisticated, multi-layered architecture of aelf blockchain and its efficient use of the C programming language. Unibase is an AI-powered blockchain solutions provider while the aelf blockchain is a cutting-edge AI-enhanced Layer 1 blockchain network.
Together, they will supercharge the development and deployment of AI at scale. They further aim to create new possibilities for the integration of blockchain and artificial intelligence. Unibase, through its official X account, has revealed the partnership.
Unibase AI Transforming AI and Blockchain Integration As a leader in AI solutions, Unibase is poised to play a critical role in advancing the technological potential of this collaboration. The integration of AI with aelf blockchain’s scalable and robust framework will open up new avenues for businesses and developers. It further will enable faster, more efficient AI model deployment on blockchain networks.
The aelf’s focus is on innovation and scalability. With this focus, the partnership promises to reshape the integration of AI into decentralized networks. This collaboration represents a significant step forward in making AI more accessible and impactful across various industries.
The aelf’s Advanced Blockchain Infrastructure for AI Applications The aelf blockchain has a unique multi-layered architecture and reliance on the powerful C programming language. They both make aelf blockchain one of the most efficient blockchain networks for AI development. By providing a high-performance environment, aelf blockchain will allow Unibase AI to implement AI models with greater ease and speed. It offers scalable solutions for businesses looking to harness the power of both blockchain and artificial intelligence.
This partnership highlights aelf blockchain’s commitment to driving blockchain technology forward. The collaboration further ensures that aelf blockchain infrastructure is capable of supporting next-generation AI applications. Both Unibase AI and aelf blockchain are set to push the boundaries of what’s possible. They together make significant strides in AI innovation and blockchain scalability.
AUTHOR
Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.
aelf blockchain has partnered with Alchemy Pay to offer users zero fees for on-ramping $ELF tokens. This exciting news was shared on aelf’s X account. The idea of the partnership is to allow users to purchase $ELF with fiat currency without the intervention of any other fees.
This offer is valid only till the 31st of December in the year 2024. During this period, users can benefit from zero ramp fees and buy $ELF tokens with exceptional ease. It is one of the branded holiday promotions that aelf has launched to mark the festive season which they refer to as Christmas2024.
aelf has previously been recognized for its capabilities in integrating AI and blockchain to define the course of Web3. That is why, with this partnership, aelf just keeps on growing its user base by cutting through the cost aspect.
aelf Partners with Alchemy Pay to Expand Access to the aelf Ecosystem Through its Ramp Solution, Alchemy Pay, the company behind $ACH token, provides this link between the fiat and Crypto economies. This means that users can easily exchange their fiat into cryptos and be part of the growing blockchain space.
As the festive season unfolds, aelf’s latest partnership is a perfect addition to it. This should be a very attractive offer to anyone who wants to be a part of the aelf community since users can now purchase $ELF without additional fees.
Lastly, the partnership between aelf and Alchemy Pay is a perfect example of how the blockchain industry is gradually transforming from having mere corporate mergers towards more user-oriented services and an open-society approach. As the holiday spirit is around the corner, this presents a perfect chance for users to experience the aelf ecosystem and contribute towards the development of Web3 without paying any ramp fees.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
Singapore, 21 November 2024 — aelf, a leading Layer 1 AI-enhanced blockchain, is making significant strides in the AI blockchain sector by formalising key partnerships with six prominent AI-driven platforms: Aethir, Edge Matrix Chain (EMC), Gaia, NAWS, NetMind.AI and Nuklai. These collaborations represent a bold step in aelf’s mission to integrate cutting-edge AI solutions and drive ecosystem growth. By working closely with these innovative platforms, aelf aims to create a more interconnected and dynamic blockchain environment, empowering both developers and users.
“Our alliances with these key AI and decentralised technology partners mark a significant milestone for aelf as we continue to expand our capabilities and influence in the blockchain and AI sectors,” said Brian Liang, COO of aelf. “These collaborations are integral to realising our vision of an AI-enhanced blockchain that fosters a robust and versatile ecosystem for innovation. By integrating advanced AI solutions, enhancing data monetisation, and leveraging decentralised compute power, we are strengthening the aelf blockchain and paving the way for the future of AI-driven applications in the blockchain industry.”
Accelerating Decentralised Compute Power and AI Model Training Aethir aelf will leverage Aethir‘s distributed GPU-based compute infrastructure to scale AI model training and deployment across its network. By integrating Aethir’s infrastructure, aelf will bolster its support for AI-driven applications, providing developers with the resources needed to build and scale advanced models within the blockchain network.
Edge Matrix Chain (also known as EMC) aelf is partnering with Edge Matrix Chain (EMC), a blockchain-based edge computing protocol, to integrate its GPU computing capabilities into aelf’s ecosystem. This integration will bring decentralised computing power to aelf’s infrastructure, providing developers with flexible and efficient resources for building dApps and processing data.
AI-Driven Smart Contract Generation Gaia In collaboration with Gaia, an open-source AI platform that allows anybody to build specialised AI systems, aelf will soon deploy an AI agent capable of generating basic smart contracts. As the partnership evolves, aelf and Gaia will enable this agent to handle even more complex smart contract creation, opening the door for more efficient, scalable dApp development in the aelf ecosystem.
Empowering Data Monetisation Nuklai aelf’s partnership with Nuklai, a decentralised platform specialising in data sharing and monetisation, will bring powerful data-driven insights and analysis to the aelf network. aelf will leverage Nuklai’s decentralised ecosystem and expertise in data sharing, collaboration, and monetisation to enable users to monetise their data securely.
AI-Powered Services for Smart Contract Optimisation and Security NetMind.AI NetMind.AI, a decentralised infrastructure provider for Artificial General Intelligence (AGI), will support aelf to optimise and secure its smart contracts. Together, aelf and NetMind.AI will develop a custom large language model (LLM) tailored to enhance vulnerability detection, gas optimization, and security across aelf’s ecosystem. The model will be dynamically fine-tuned and eventually deployed on NetMind’s infrastructure, integrating with aelf’s systems via API to ensure high-performance support for smart contract security, reinforcing aelf blockchain’s integrity.
Enhancing Token Utility and Transaction Flexibility NAWS In the initial phase, aelf’s $ELF token will be integrated into NAWS’s peer-to-peer (P2P) aggregator and content marketplace. With NAWS’s AI-powered payment optimisation, $ELF market reach and utility will be expanded across NAWS’s ecosystem, where users can engage in P2P transactions for digital assets like video, art, music, and DePIN resource vouchers. In the next phase, aelf plans to incorporate NAW’s token swap infrastructure into its blockchain network.
Looking Ahead These partnerships advance aelf’s vision of an interconnected, innovative AI blockchain ecosystem. By collaborating with leaders in decentralised computing, data monetisation, and AI, aelf is positioned to drive ecosystem growth, boost user engagement, and create new opportunities for developers and users.
Stay updated on aelf’s news and engage with the aelf community on:
About aelf aelf, an AI-enhanced Layer 1 blockchain network, leverages the robust C# programming language for efficiency and scalability across its sophisticated multi-layered architecture. Founded in 2017 with its global hub in Singapore, aelf is a pioneer in the industry, leading Asia in evolving blockchain with state-of-the-art AI integration to ensure an efficient, low-cost, and highly secure platform that is both developer and end-user friendly. Aligned with its progressive vision, aelf is committed to fostering innovation within its ecosystem and advancing Web3 and AI technology adoption.
Stay Updated. Subscribe to Our Newsletter
For more information about aelf, please refer to our Whitepaper V2.0: https://docs.aelf.com/resources/whitepaper-2/
Other Articles... Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.
With improving market conditions, investors have now set their sights on aelf (ELF), an AI crypto which has recently started showing a bullish pattern. The token is slowly making its way towards an uptrend thanks to a “cup-and-handle pattern,” with analysts believing that it may soon make a move towards the $2 mark.
Over the past month, aelf price has surged by 25.5%, which complements the weekly increase of 3.26%. While the token has experienced a slight decline of 2.35% in the last 24 hours, this is viewed as a minor setback before a potential major rally.
What is aelf – An Overview The official whitepaper describes aelf as a sophisticated layer 1 blockchain relying on modern C# programming and .NET’s extensive libraries, for reliability and scalability. With its multi-layered architecture, this blockchain has gained recognition for its state-of-the-art AI integration and adoption of modular Layer 2 ZK rollup technology.
The blockchain project is known for developing machine learning models for smart contract optimization. The idea is to optimize gas fees by finding gas-expensive patterns, and minimizing or removing their inclusion from the smart contract code. When it comes to enhancing operation execution, aelf has taken a page from Google Cloud AI’s resource optimization services, forecasting transaction allocation while allocating resources in real-time.
The same efficient model has been established for user experience. Aelf leverages NLP models like GPT-4 and OpenAI’s Codex, allowing users to generate smart contracts based on natural languages. Other aspects native to blockchain, like democratization, have also been adopted using artificial intelligence.
aelf Price Analysis – $2 Coming Soon? The 3-day interval candle chart on TradingView has revealed that, a cup and handle pattern has formed for the aelf price action. The key resistance levels are $0.77 and $0.8025, while the key support is $0.4446, with $0.99 acting as the neckline.
Crossing that threshold would indicate strong community support and a bullish sentiment, making $1.9094 the next key target for aelf to reach—a level it hasn’t surpassed since 2018. Achieving this would bring it closer to challenging its all-time high of $2.44, reached in January 2018.
While the handle has formed due to a decrease in trading volume, a significant selloff capable of breaking below the support level would invalidate the predictions. For now, analysts’ predictions for this crypto remain bullish.
Community Sentiment Around aelf Continues to be Bullish While the technical aspects suggest a potential rally, the community sentiment around aelf is also positive. According to CoinMarketCap, 86% of followers are bullish on aelf.
A recent update on the top shared posts revealed that DWF Labs has received 4.7 million ELF tokens, equivalent to $2.57 million.
On the development side, aelf is introducing multiple updates, including the v1.12.0 upgrade scheduled for December 25, 2024, at 10 AM GMT.
This new update will reportedly introduce better APYs, better cross-chain indexing, and inject multi-transaction capabilities into the aelf ecosystem.
What Lies in the Future for aelf? The lowest that the ELF price has ever been is $0.03, according to the weekly charts. Since then, the token has been on an uptrend, albeit with a somewhat jagged pattern, fluctuating around the 200-day SMA.
If the cup and handle pattern holds and the token crosses the $1.9 barrier, it could potentially reach its all-time high by Q2 of 2025. However, if the key support level is lost due to a major selloff in the near future, the pattern will be invalidated, leading to a bearish price action for the ELF token.
However, this seems unlikely since the community sentiment and the updates around this project give us a positive outlook.
Final Thoughts : Is ELF a Good Buy? The overall sentiment among the crypto community for the ELF token is bullish, with only a slight level of doubt due to concerns about market uncertainty. However, updates are being regularly shared with the community, keeping them informed. With Bitcoin’s recent rise, investors are increasingly turning to utility assets like aelf, especially as the ecosystem continues to grow with multiple decentralized applications such as Project Schrodinger, Portkey, and more.
For a better understanding of the aelf price, we suggest checking out our complete aelf project prediction.
Binance to support aelf network upgrade, temporarily halting deposits and withdrawals on Jan. 15, 2025.
In anticipation of a network update, Binance has announced that it will temporarily suspend token deposits and withdrawals on the aelf (ELF) network on Jan. 15, 2025, at 17:00 (UTC+8).
The purpose of this planned update is to enhance the overall user experience on the ELF blockchain. The upgrade is scheduled to occur at block height 252,256,057, and the process is expected to commence at approximately 18:00 UTC+8 on the same day. Block height refers to the position of a specific block within the blockchain, and the network upgrade will occur once the blockchain reaches this point.
Users will still be able to trade ELF tokens normally on the Binance platform during the network upgrade. However, deposit and withdrawal services will be temporarily unavailable while the upgrade is in progress.
To avoid any potential interruptions, Binance strongly advises users to deposit their ELF tokens in advance. Once the upgrade is complete and the network is stable, deposits and withdrawals will resume automatically without further notice.
ELF is a decentralized blockchain for cloud computing that aims to provide a scalable ecosystem. Its primary goal is to create a flexible blockchain capable of supporting various industries and applications.
At the time of writing, ELF is priced at $0.5016 with a market valuation of $369.18 million. The token’s $28.57 million in trading volume demonstrates a 34.36% drop in the past 24 hours.
Token upgrades refer to modifications made to a blockchain network’s core protocol or structure to improve its usability, security, or overall functionality. In this case, it is expected that the ELF network upgrade is expected to boost both performance and scalability, which are essential for the continued growth and success of the ecosystem.
Throughout 2024, Binance has actively supported network upgrades for several prominent tokens. In April 2024, Binance supported the Ethereum (ETH) Shanghai upgrade, a critical step in ETH’s transition to a more scalable and sustainable network, which allowed staked ETH to be withdrawn.
Binance also supported the Dash network upgrade and hard fork, which took place on January 7, 2025. This upgrade aimed to enhance the network’s security and performance. Additionally, Binance has announced its support for the Optimism network update, scheduled for January 10, 2025, which focuses on improving scalability and efficiency within the Optimism ecosystem.
As part of its ongoing commitment to enhancing the blockchain ecosystem and providing users with the best possible experience, Binance is dedicated to ensuring smooth transitions during these upgrades.
For more information about the ELF token upgrade, please refer to the official project announcement.
Key NotesELF token deposits and withdrawals on Binance will pause on January 15, 2025, at 17:00 PM (UTC+8).Upgrade aims to enhance ELF blockchain scalability and performance for broader adoption. Popular crypto exchange Binance has revealed its plans to pause the deposits and withdrawals of aelf tokens ELF $0.0599 24h volatility: 3.2% Market cap: $49.28 M Vol. 24h: $1.00 M on its platform. Although this decision is not permanent, the exchange noted that it is in line with its plans to support an upgrade that will soon take place on the ELF blockchain.
As Binance claims, the suspension will take effect at 17:00 (UTC+8) on January 15, 2025. That is exactly an hour before the upgrade process begins at block height 252,256,057 by 18:00 (UTC+8).
Upgrade Aims to Boost Performance and Scalability of the ELF Blockchain Usually, upgrades such as this one are designed to make the experiences of users on a blockchain better. So, the ELF network will be looking to achieve the same results with its scheduled upgrade.
By its calculations, this upgrade will boost both the performance of the ELF blockchain and its scalability. It will create a more thriving platform for everyone — users and developers — that has anything to do with the network.
Notably, Binance has said that trading ELF tokens on its platform will not be affected during the upgrade. However, deposit and withdrawal services will be suspended until further notice.
The exchange noted that all services should return once there is confirmation that the network has stabilized.
According to Binance, there will be no further announcement on the subject. However, users will know that the suspension has been lifted when they are able to carry out deposit and withdrawal services.
In light of this, Binance has suggested to its users to deposit their ELF tokens well ahead of the upgrade. This is to avoid any disruptions that may come along with the upgrade.
Binance’s Support for ELF Token: Proof of Commitment to Blockchain Innovation For what it might be worth, Binance has always been a pillar of support for many blockchain projects. Particularly in times of their network upgrades.
Last April, the platform played a prominent role in the Ethereum (ETH) Shanghai upgrade, which is why staked ETH can now be withdrawn. The exchange also supported various updates across several networks, including more recent ones with Dash and Optimism. Optimism’s upgrade is scheduled for January 10, 2025.
As earlier mentioned, these upgrades are carried out to improve various aspects of a blockchain. Among those are its functionality, security, and overall usability. However, even in the broader sense, upgrades also ensure that users have access to easily accessible ecosystems, and so, the ELF network will be looking to key into this.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Altcoin News, Cryptocurrency News, News
Mayowa is a crypto enthusiast/writer whose conversational character is quite evident in his style of writing. He strongly believes in the potential of digital assets and takes every opportunity to reiterate this. He's a reader, a researcher, an astute speaker, and also a budding entrepreneur. Away from crypto however, Mayowa's fancied distractions include soccer or discussing world politics.
aelf has had a volatile run due to the recent volatility in the cryptocurrency market. And considering it happened soon after it reached its all-time high recently, investors have more reasons to be wary about this crypto.
However, aelf price analysis done by experts tells a different story. The 1D candlestick chart on Tradingview shows a cup and handle forming with $2 being the next target.
A Brief Overview About aelf (ELF) aelf is an AI-driven blockchain project trying to blend AI and blockchain together, a concept that was considered to be inaccessible in the past. Aiming to use this convergence to evolve Web3 into a more positive direction, aelf has been able to form collaborations with partners like Portkey, Schrodinger, Forest, Bridge, ETransfer, BeanGo Town, and more.
With its sharp focus on scalable multi-chain architecture designed specifically for decentralized applications, aelf has been able to become one of the top 200 cryptos on the price charts.
While the token’s current run is not similar to the earlier bullish price action of 2018, there have been a flurry of innovations within its ecosystem, such as the avatar intelligence, which is the project’s new AI framework.
aevatar Intelligence: aelf’s new AI agent framework.
These attributes have been able to create bullish conditions for the token, irrespective of the broader market dynamics.
aelf Price Analysis – $2 is the Target Per the Current Predictions The recent analysis has come from a cryptocurrency expert known as MAXPAIN, who has revealed that the Cup-and-Handle pattern that was revealed a few days ago is now becoming more consolidated.
Per the tweet made by the crypto analyst, the AI crypto’s current support level of $0.44 is strong, and the next resistance zone lies between $0.77 and $0.88. If the aelf price is able to cross this threshold, it could make a move up further to the neckline, which is $0.99. Crossing this barrier could push the crypto to land in the $1.9 to $2 target.
However, bullish predictions for the token aren’t limited to the long term, for MAXPAIN has also posted an optimistic outlook for the cryptocurrency’s short-term value.
He has established that the token’s price action at the current level lies in the demand zone. It means that those who bought the ELF token during its lows are still holding onto it. This “buy at low” attitude shows investor confidence in the project, showcasing more gains may be coming. In the short term, however, the analyst anticipates that the token will move up by 20% within a few days.
What Lies in the Future for the aelf Price? Despite the market’s volatility, the cup and handle pattern has inspired experts to go super bullish on this token. Earlier predictions about the token are also that the token could reach $3 in the long term, which would mark a close to 500% increase for the token.
Furthermore, zooming in on the token’s price action since November 26, 2024, also shows promise.
While the mass decline of the token’s price did pose some concern, the arc forming shows that the token is also accumulating. This could mean that a critical point is being created, after which mass buying frenzy can ensue provided that this AI crypto continues its focus on developments.
aelf Price Analysis – Is aelf a Good Investment? While the aelf price has started accumulating at a low level since the beginning of 2025, the overall pattern continues to be bullish. There are many investors holding the tokens while the prices are low, hoping for things to turn bullish, which is possible due to more than a few factors.
The first is the internal factor associated with the constant developments emerging from the ecosystem. With its upcoming AI agent, aelf can tap into the latest ongoing frenzy – the AI agent coin narrative – to pump in value.
Furthermore, the platform is also acting as a launchpad for people who want to create their own AI assistant, which is another reason the community is gravitating toward aelf.Secondly, 2025 is anticipated by many to be a bullish year for Bitcoin, if it mirrors the 2021 price action. This could push the token’s value up further.So, these aspects make aelf a good investment. However, from the technical point of view, if the token’s value drops below the demand zone, the handle of the “cup and handle pattern” will break, pushing the token into a bear run instead.
Aelf, a popular AI-enhanced L1 blockchain network, has recently accomplished a significant $ELF token burn. As per aelf, the platform has effectively conducted the burn of up to 295,519,800 $ELF tokens (equaling $128M) on ERC-20 to solidify tokenomics and promote mainnet ecosystem migration. The platform took to social media to disclose this development.
Aelf’s $128M Token Burn of $ELF Reinforces Tokenomics and Sustainable Growth Aelf asserted that the ERC-20 $ELF token burn of nearly $128M is included in its current endeavor to fortify its tokenomics. In addition to this, this move also persuades migration to the mainnet ecosystem. Thus, the development denotes a noteworthy achievement for aelf in the fulfillment of its roadmap to establish a sustainable growth. The platform added that the token burn took place in 5 transactions.
The platform also mentioned that this represents the 2nd token burn before which it has already conducted an earlier in 2023’s September. In that event, aelf reportedly burned almost 393,226,908 $ELF. The platform has labeled both these token burns as a part of its wider strategy to discard the unused tokens. This in turn increases the value of the remaining tokens to a great extent.
Since aelf’s Mainnet launch back in 2021’s September, it has delivered unparalleled swaps to facilitate individual and institutional users. The supported exchanges like Gate.io, OKX, Upbit, Binance, and more have effectively backed the transition to the mainnet tokens. Additionally, this has also enabled streamlined withdrawals and deposits.
$ELF Holders Can Continue Using Token Swaps without Any Impact The respective token burn goes in line with the wider vision of aelf. The platform intends to incentivize the mainnet migration, strengthen ecosystem expansion, and reinforce tokenomics. Apart from that, it also assured the users that the token burn does not affect the $ELF holders. Hence, they can keep using token swaps via the cross-chain bridges, ETransfer, eBridge, and supported exchanges.
According to aelf, the token burn underscores the platform’s commitment to advancing the aelf mainnet’s stability. It also fosters innovation within its ecosystem. It brought to the front that, while entering the 4th year of aelf’s stable operations, it keeps solidifying its infrastructure. Moreover, it also ensures the further growth while prioritizing significant support for end-users, institutions, and developers.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
The SSV Network DAO and Ether.fi have joined forces to launch a new Learn & Earn campaign on the Galxe platform. Part of the reasons behind the collaboration is to educate community members about the advantages of Distributed Validator Technology (DVT) as well as the importance of decentralizing Ethereum’s base layer.
Through this partnership, participants can earn a share of a $50,000 ETHFI prize pool. 150 lucky winners will be randomly selected. Aside from this, all users will also have the chance to earn points as part of Ether.fi’s Season 3 incentive program.
The campaign is set to last for two weeks, aiming toward increasing engagement and activities while at the same time informing them about the role of DVT in powering the SSV network Ether.fi’s restaking operations.
Members who partake in the Learn & Earn campaign will gain points for getting themselves accustomed to SSV’s role in helping decentralize Ether.fi’s non-custodial protocol.
Ether.fi’s Achievements in Staking and the Growth of the SSV Network Ether.fi has been able to record some achievements since it emerged. The liquid restaking company has over 6,500 validators running on the SSV Network, making it one of the leading adopters of this open-source staking technology. It has also gotten more than $4.5 billion in ETH staked, and its ETHFI token has grown to become a prominent DeFi token.
The SSV network has also been growing continuously since its mainnet launch in December. The project has seen many people use its technology, which has caused a spike in its Total Value Locked (TVL).
The network’s growth has seen it rank above Kraken to become the fifth-largest Ethereum staking provider, which could be linked to its new milestone of securing more than 1.3 million staked ETH. It is also supported by more than 900 operators running over 40,000 validator nodes.
SSV Network is a seamless staking system for developers to use. The network uses DVT technology, a new development designed mainly for distributing validation between multiple machines. Due to its flexibility, SSV lets node operators and validators join the network and participate in distributed staking without needing any permission.
As mentioned earlier, Ether.fi is a developer of liquid restaking technology on Ethereum. This solution makes it simpler for people to stake their Ethereum without giving up control of their coins. Through this initiative, Ether.fi helps make the Ethereum network more decentralized while making it easier for Ethereum holders to participate and earn rewards.
Distributed Validator Technology is now a key part of the billion-dollar staking industry. It plays an important role in keeping Ethereum’s validator layer secure. The Learn & Earn campaign, created by SSV Network and Ether.fi, will help people understand DVT and decentralized restaking. It will also reward users for participating.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Cryptocurrency News, Ethereum News, News
Temitope is a writer with more than four years of experience writing across various niches. He has a special interest in the fintech and blockchain spaces and enjoy writing articles in those areas. He holds bachelor's and master's degrees in linguistics. When not writing, he trades forex and plays video games.
SSV Network defines itself as a “distributed validator infrastructure for developers.”
Ssv.network is designed to create high-performance, secure, and decentralized ETH staking applications.
What is SSV Network (SSV)?Distributed Validator Technology enables trustless staking through multi-operator validation. Validator keys are distributed across nodes operating under a consensus layer to perform duties on the Beacon Chain. DVT supports client diversity, decentralization, and fault tolerance while reducing the risks of interruptions.
The Secret Shared Validator (SSV) technology is described as the first secure and robust way to split a validator key for ETH staking among nodes operated by different operators. It is also characterized as a unique protocol that enables a distributed operation of an Ethereum $1,623 validator. The validator key is encrypted, split, and distributed, ensuring that no operator must rely on another to fulfill validator duties, allowing some nodes to go offline without affecting network performance, and preventing any single operator from making unilateral decisions on behalf of the validator. The result is a decentralized, fault-tolerant, highly secure method for staking on Ethereum.
SSV, later termed Distributed Validator Technology (DVT), was initially conceptualized in collaboration with members of the Ethereum Foundation as a research paper. Essentially, while the SSV protocol enables distributed operation of an Ethereum validator, ssv.network is an infrastructure layer designed to promote decentralization, diversity, fault tolerance, and flexibility within the ETH staking sector.
SSV Coin can be safely traded on Binance, the world’s largest cryptocurrency exchange by trading volume. SSV Coin is available on the Binance platform with pairs such as SSV/BTC, SSV/ETH, and CTK/BUSD.
To purchase SSV, one must first register with the Binance exchange. Once registration is complete, users need to transfer cryptocurrency or fiat currency to their Binance wallet. After the transfer is completed, SSV Coin can be purchased through any of the three pairs listed above. To buy from the SSV/BTC trading pair, navigate to the interface for this pair. Enter the desired amount in the limit section of the SSV/BTC interface, and execute the purchase by placing a Buy SSV order.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
