Akropolis is a blockchain-based software that acts as a decentralized platform where developers can launch decentralized applications (Dapps), and offer and use cryptocurrency-related services that are operated by users and in their full ownership. Dapps that are hosted on the Akropolis network all operate on the framework known as AkropolisOS. Developers can host all kinds of Dapps for decentralized finance (DeFi). The Akropolis project was founded in 2017, while the token AKRO launched in 2019. Some examples of Dapps hosted on the AkropolisOS framework are tools and Dapps for saving, lending, and managing finances. Akropolis is also integrated with some of the top Ethereum-based services such as Compound, Maker, and Aave, so users can integrate Dapps and services with any of these platforms and liquidity pools.

What defines the market value of Akropolis and which factors influence its price?

If you’ve ever wondered this, then you’re in the right place. We’ve compiled everything you need to better understand the intricacies of Akropolis price – and the factors that influence it.

Akropolis Price History

The price of Akropolis (AKRO) is subject to frequent changes in the crypto market that are driven by various factors, including the market’s volatility. Due to the high volatility, Akropolis price can radically change within a relatively short period.

At its launch, Akropolis was trading at $0.041 in July 2019. After this, AKRO dipped to a new low at the price of $0.026, then rebounded to a new high at $0.043 in the last week of the month. In August, AKRO started trading at around $0.03 then dipped further to $0.010 by the end of the month. Akropolis experienced more dips when it found new lows at $0.0015 the following month. Apart from a sudden but brief surge to $0.0066 in November, the bearish trend persisted for the rest of the year, and by the end of 2019, AKRO was worth $0.0010.

Akropolis reached an all-time low (ATL) in January 2020 at the price of $0.00053, before doubling its price to $0.0016 at the end of the month. At one point in February, AKRO traded as high as $0.0028 before dipping to lows of $0.0013 and then rebounding to $0.003 in March. AKRO dipped once again to $0.0008 in the middle of March, later trading around $0.0011 in April. The highest price in May was $0.003 and $0.004 in June. In July, Akropolis reached the price of $0.016 before rising further to $0.04 in August. Akropolis made it to $0.05 in September, before dipping to $0.008 in October. AKRO mostly traded in the $0.007 to $0.015 range for the rest of the year.

In 2021, Akropolis immediately rallied, breaking $0.02 in January, while February brought more gains for Akropolis at the value of $0.067. The highest AKRO price in March was $0.083, while Akropolis made it to a new all-time high in April, at the value of $0.092. The highest price of AKRO in May 2021 was $0.060 and the lowest was recorded at $0.013.

Analyzing Akropolis Price History

Akropolis price history can be analyzed with many of the same techniques and tools that are used to analyze assets in traditional financial markets, such as the stock market. Technical analysis (TA) is commonly used to make sense of previous price movements so traders can predict the future momentum of AKRO and other cryptocurrencies. Technical analysis studies price charts and other relevant market data to help create relevant price forecasts for Akropolis.

Sentiment and fundamental analysis are commonly used in combination with technical analysis to create more reliable price predictions and determine in which way the price of Akropolis will move. Fundamental analysis examines important elements that decide the fundamental value of Akropolis. These include the activity of the dev team, utility, technical capacity of the project, mainstream use and integrations, regulations, upgrades, updates, developments, and other crucial news and events. An event that was important in deciding the fundamental value of Akropolis was the integration of Akropolis services with the Ethereum-based projects Aave, Compound, OZ, and Curve. Such events can spark bullish momentum and the price of Akropolis usually rises as a result.

Sentiment analysis values opinion data and ranks sentiment in the market as either positive, negative, or neutral based on the information collected. Positive news may cause the price of Akropolis to rise, while negative news, such as the revelation that a hacker stole $2 million from Akropolis, could cause the price of AKRO to dip.

Factors Influencing the Price of Akropolis (AKRO)

A multitude of different factors may influence the price of Akropolis (AKRO). One such factor is the supply of AKRO. Akropolis has a limited total supply much like Bitcoin, which acts as an anti-inflation mechanism and potentially means that AKRO could be a good store of value in the long term.

The price of Akropolis can also be influenced by the wider economy, as was the case during the collective positive momentum in 2021. At the beginning of 2021, the majority of cryptos managed to either rebound from previous lows in 2020, or reach new high prices, like Akropolis did in April. 

The COVID-19 pandemic is also one of the defining factors and an example of how elements that influence the wider economy can likewise affect the price of cryptocurrencies. AKRO, along with the rest of the crypto market and the stock market, crashed in March 2020 as lockdowns were announced.

Akropolis users can participate in yield farming with the Delphi app, and take out crypto loans with the Sparta app, which also increases the value of the token on the market. The price will keep changing with new roadmap updates going live, and with more news affecting the value of AKRO.

Live Akropolis Value and Market Cap

The live Akropolis value is in constant flux to reflect the balance between buying and selling activity. The market cap also fluctuates with the changing AKRO price, and it represents the number of AKRO tokens multiplied by the current market price of Akropolis. The market cap ranks the crypto in comparison with its cryptocurrency peers and determines its market share.

Due to its high volatility, the price of Akropolis can change radically within a short timeframe.

Akropolis Price FAQ

What is AKRO used for?

The AKRO token is the centerpiece of the network’s governance and the native token of the Akropolis platform. AKRO is also used as collateral for crypto loans and to participate in voting on proposed changes.

Will AKRO ever reach the price of $1?

Akropolis is subject to frequent changes in the market and may change value radically within a short period. Even though AKRO has never got close to reaching $1 before, there are numerous factors that have the potential to push Akropolis towards this price target in the future.

Conclusion

Akropolis is a valuable blockchain project in the sector of decentralized finance, which is emerging as one of the most popular and prominent blockchain sectors. Akropolis has strong utility and is backed by solid technical capacity, while its price continues to change with the changing conditions of the market. The price of Akropolis (AKRO) remains subject to a multitude of factors, while traders can make a profit based on the difference between the buying and selling prices.

If you want to get started with the most user-friendly trading experience on the market, register with Kriptomat today to begin your journey into the world of Akropolis and cryptocurrencies!