The native token of Akash Network, AKT, has experienced a significant price increase after being listed on South Korea’s top exchange. AKT has surged by 48% in the last 24 hours and is currently trading at $6.03. With a market cap of $1.4 billion, AKT is now ranked as the 65th-largest cryptocurrency. Additionally, the daily trading volume for Akash Network has seen a massive spike of 1,560%, reaching $65 million.

Despite this recent price rally, AKT is still down by 23% from its all-time high of $8.08 in April 2021. The price surge can be attributed to the announcement by Upbit, the leading crypto exchange in South Korea, to list AKT with KRW, BTC, and USDT trading pairs. Trading of AKT on Upbit will begin at 10:00 UTC on April 23.

Social volume for Akash Network has also seen a significant increase of 200% in the past 24 hours, with most of the activity coming from Reddit and Bitcointalk. The Relative Strength Index (RSI) for AKT has increased from 47 to 49, indicating that the asset is currently in a good condition, neither overvalued nor undervalued.

An RSI above 70 would suggest that AKT is overbought and could lead to high price volatility, while an RSI below 50 indicates a steady bullish momentum. Investors should keep an eye on these indicators to make informed decisions about AKT trading.

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