2024 started with a positive balance for cryptocurrencies in the Cosmos ecosystem. Several cryptocurrencies from the blockchains that make up this ecosystem are among the most appreciated in the first week of January.

The main driver of the bull market these days is bitcoin (BTC). The potential approval of the first Bitcoin ETF (exchange-traded fund) in the United States boosts its price and drives, as is often the case, alternative cryptocurrencies or altcoins. However, some cryptocurrencies have their own technical innovations that also raise their value.

The most prominent case is that of Akash Network (AKT), a cryptocurrency that had a growth of 27% in a week and 7% in the last 24 hours. Akash Network is a project that offers computational resources service from the cloud. A report by Business Inside assures that this sector will grow to USD 25,300 million by 2030, reported the team behind the project through its account on the social network X.

In addition, Akash Network had important developments in 2023, including the integration of support for Nvidia and AMD graphics cards to mine the cryptocurrency. On January 2, 2024, the network had its first upgrade, which increases the acceptance rate of the community fund to finance initiatives to improve the network.