AI Game Coin Akedo (AKE) Rushes 255% Weekly... Crushing Bitcoin (BTC) Returns

▲ Artificial Intelligence (AI), Binance, Blockchain, Virtual Assets/AI Generated Image

As major virtual assets like Bitcoin (BTC) and Dogecoin (DOGE) rebounded across the board, a relatively unknown Artificial Intelligence (AI) token surged 255% in a week.

According to Benzinga on September 21 (local time), with buying sentiment flowing into the virtual asset market, relatively lesser-known small and medium-sized altcoins delivered record-breaking returns.

The virtual asset that recorded the most significant increase was Akedo (AKE), based on the BNB Chain. Akedo surged 255.40% weekly, ranking first in overall virtual asset gains. After skyrocketing to an all-time high of $0.1467 during intraday trading last Sunday, it underwent a correction to the $0.05281 level due to profit-taking sales. Akedo is a utility token for a multi-agent AI framework that converts text commands into playable video games. It is widely used for game creation, staking, governance voting, and providing liquidity for new projects.

However, the large-scale token unlock is considered a short-term burden. According to virtual asset data platform DropsTab, 2.11% of the total supply of 100 billion AKE, amounting to 2.11 billion AKE, is scheduled to be unlocked into the market on the 22nd (local time). It is pointed out that the increasing circulating supply in the market could intensify inflationary pressure.

Major altcoins also joined the bullish rally en masse. NEAR Protocol (NEAR), an AI-based blockchain, surged 81.80% weekly, taking the second spot in gains. Arbitrum (ARB), a prominent Layer 2 network for Ethereum (ETH), rose approximately 60%. Zcash (ZEC), a privacy-focused virtual asset, also continued its bullish trend with a 41% weekly increase.

As Bitcoin stably recovered to the $81,000 level, investor sentiment across the virtual asset market revived. The warmth from major coins is rapidly spreading to small and medium-sized altcoins in promising themes like AI and Layer 2. Market attention is focused on whether Akedo, facing a large-scale unlock, can overcome volatility and maintain further upward momentum.

[Article Key Summary]

-Akedo (AKE), an AI game token based on the BNB Chain, surged 255.40% weekly, ranking first in virtual asset gains.

-While it is an AI framework utility token for creating games from text, the unlock of 2.11 billion AKE is considered a variable.

-Major altcoins like NEAR Protocol (NEAR) at 81.80%, Arbitrum (ARB) at approximately 60%, and Zcash (ZEC) at 41% also saw simultaneous sharp increases.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*