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Breaking News: Bitcoin Price To Recover $100,000: BTIG Cites Key Reasons For Optimism

Up 130% this month Ethereum based Akropolis ready to take more profits

Reynaldo Marquez
Reynaldo Marquez
Last Updated: March 29, 2021 7:00 pm
2 mins read
Ethereum ETH Akropolis AKRO

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While the last few weeks have been sideways moving for major cryptocurrencies, Akropolis (AKRO) had a 22.5% rally. In one year, the Ethereum-based protocol’s native token has seen gains of 5,868%, and its latest updates point to more potential.

With $27.99 million in total value locked, investors can review up to 38.73% in annual staking rewards. This has caused the protocol to achieve percentage gains in less than a year. In addition, Akropolis has fundamentals that support its rally.

In November 2020, the team behind Akropolis decided to reduce its product offering to the yield generator and aggregator product suite. It is currently in beta for Akropolis version 1.1.5 to generate a new revenue stream for AKRO token holders.

The team’s priorities in the short term are the update of their landing page and the next iteration of the user interface. In addition, they are in the final stages of a new version of the LEDA swap to offer vested rewards swaps. In their latest progress update, the Akropolis team stated:

We will be integrating yearn affiliate tokens for revenue-sharing between our protocols. Yearn vaults can earn up to a 50% profit share from their contributed TVL.

Akropolis expands throughout the DeFi sector

The cooperation with Yearn Finance started in November last year and allowed to expand the strategy offering so that Akropolis users can maximize their profits. Through the integration, investors gain access to Pickle, CREAM, and can receive more profits by complementing the products of the 4 protocols.

https://twitter.com/akropolisio/status/1372567719833387009

 

Akropolis also has integrations with Curve, Aave, Compound, OZ, and its users have several options to obtain stablecoins or crypto. The protocol team announced:

We are still working on expanding vault deposits to multiple stablecoins and iterating on DCA functionality.

AKRO trades at $0.06 with a market capitalization of $187 million. Despite its cooperation and development, the protocol is not yet in the top 10 of the DeFi sector and aims for further growth. Silver Bullet trader expects the “real pump” to start when the cryptocurrency is above its resistance level in the AKRO/BTC pair.

$AKRO update 📈

Good day for #Akropolis
+50% since i bought the last dip 💰

The real pump starts once it breaks above the horizontal resistance pic.twitter.com/LGJ8O4YHgn

— crypto bullet 📈 (@SilverBulletBTC) March 28, 2021

At the time of publication, ETH is trading at $1,824 with gains of 8.1% in the last 24 hours. The cryptocurrency has experienced a rally following the announcement by payment processor Visa to begin settling transactions on Ethereum’s network.

ETH on a rally in the 24-hour chart. Source: ETHUSD Tradingview
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Reynaldo Marquez
Reynaldo Marquez

Reynaldo Marquez

A literature major, Reynaldo Márquez has been deeply immersed in the crypto industry since 2017. His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide.
In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride.
He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times.
In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson’s ‘Neuromancer.’ The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau’s ‘Civil Disobedience.’
But that’s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term.
In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry.
Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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