Advanced Blockchain AG Reports Nearly 250% Increase in Krest Tokens Value

Advanced Blockchain AG announced a significant surge in the value of its Krest tokens, underscoring a nearly 250% increase within the past 30 days. As a result, the worth of Krest tokens held by the company now exceeds $5 million. This substantial growth marks a leap from over $1 million in December 2023. The current price of the Krest token nears 1.30 USD per token.

Krest is recognized as peaq's sister network and stands as the sole simulation network for DePIN and the Economy of Things. Advanced Blockchain continues to hold a leading position in shareholding within EoT Labs GmbH and maintains stakeholder status for the forthcoming peaq token. The value increment follows peaq's association with the Fetch.ai foundation, aiming to enhance AI and advance the foundation's vision for AI-driven decentralized automation.

Such an uptick has been observed since the token's launch in August, highlighting the project's momentum. The Fetch.ai Foundation's Chair and Robert Bosch GmbH's Global Product Owner for Distributed Ledger Technologies, Peter Busch, expressed enthusiasm about peaq's integration. peaq's role in spearheading Web3 protocols for real-world applications has been acknowledged as crucial for pushing AI-powered decentralized autonomy alongside Fetch.ai.

As part of the Fetch.ai Foundation, peaq is set to further elaborate the AI-driven automation landscape within the Economy of Things. This venture ties directly into the broader ambitions of creating a new economic paradigm where autonomous device connectivity generates value, supported by Fetch.ai's AI Agents.