An under-the-radar, low-cap Ethereum (ETH) competitor surged by more than 61% this week as a flurry of exchanges launched perpetual futures contracts for its native asset. Ark (ARK) is an open-source, typescript-based, layer-1 blockchain protocol that aims to be simple and efficient. The project's native token is trading around $0.607, up from $0.

In recent days, the ARK cryptocurrency has been making headlines in the ever-evolving world of digital assets. While cryptocurrency markets are known for their volatility, ARK has shown a steady upward trajectory, and there are compelling reasons behind this surge.

The ARK crypto price went parabolic and then erased most of the gains during the overnight session. What next for the Ark price?