The cryptocurrency market has started moving again after a low-volume week, with most digital assets trading in a consolidation range.

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.

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