With the bull market gaining momentum, the altcoins are scaling new heights as the market crosses the $2 trillion milestone. Amidst the bull run, the growing inflow in Bitcoin ETFs is projecting a strong stance of HNIs and institutional buyers.
As one of the top performers, the Theta Network (THETA) and Akash Network (AKT) project a strong run. With these tokens projecting a trend reversal or a new all-time high, the investors are actively buying them.
Amidst the increasing momentum, let’s find out if these tokens can continue their rally.
Will Theta Network Resurface Above $3.50?
Theta Network is a decentralized video delivery network, powered by blockchain technology, that aims to improve video streaming quality and reduce the costs associated with content delivery. By allowing users to share their spare bandwidth and computing resources, Theta creates a peer-to-peer network that enhances the streaming experience for viewers worldwide.
Amidst the bullish turnaround of the crypto market, the THETA price trend shows a strong reversal story. With a 124% in the last four weeks, the Theta network is gaining momentum.
Source: TradingView
Trading at $2.138, the Theta network is trading at levels last seen in May 2022 and signals a strong trend reversal. Further, in the daily chart, a rounding bottom breakout with an 85% jump in 72 hours projects a strong jump.
The 474% jump in the trading volume supports the reversal rally. Hence, the THETA price is likely to cross $3.50 in the coming month of March.
Will AKT Price Reach $10?
Akash Network is a decentralized cloud computing marketplace designed to make cloud resources more accessible and affordable. It leverages blockchain technology to enable secure, transparent transactions between users needing computing resources and those with spare capacity to offer.
With a boom in trading volume and momentum, similar to THETA and the rest of altcoins, the AKT price is scaling new heights. With a 372% boom in trading volume and the 15% overnight jump, the Akash Network is gaining immense demand.
Following the $2.5 breakout, the AKT price is on an unstoppable bullish frenzy leading to a jump to almost $5.
Source: TradingView
Accounting for an 1810% jump in the last forty days, the altcoin is just shy from the psychological mark of $5. Currently, the AKT price trades at $4.6285 and intraday gain of 1.08%.
As per the Fibonacci levels, the AKT price surpasses the 1.618 level and prepares a challenge to the $6.24 at the 2.618 Fib level.
