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    Akash Network

    AKT

    Rank #91

    $5.31

    -7.23%
    24H Low$5.3
    $5.9924H High
    24H Volume
    $16.26 M
    All-Time High(ATH)
    $8.07
    All-Time Low(ATL)
    $0.1650
    Market Cap
    $1.23 B
    Fully Diluted Valuation
    $1.23 B
    Market Cap/FDV
    99.97%
    Circulating Supply
    230.82 M AKT
    Total Supply
    230.9 M AKT
    Max Supply
    388.54 M AKT
    Market Sentiment
    Positive
    * Data from 3rd parties

    Akash Network (AKT) Price Trends

    Time period
    Change amount
    % Change
    1H
    $-0.1020
    -1.92%
    24H
    $-0.3839
    -7.23%
    7D
    $-0.4896
    -9.22%
    30D
    $+2.69
    +50.71%
    1Y
    $+77.56
    +1460.59%

    Credibility Indicators

    82.71

    Reliability Score

    Rank #1

    # 460

    Percentile

    TOP 5%

    Live Akash Network (AKT) Price Update

    Akash Network price today is $5.31 with a 24-hour trading volume of $16.26 M, and as such Akash Network has a market cap of $1.23 B, giving it a market dominance of 0.048%. The Akash Network price moved -7.23% in the last 24 hours.

    Akash Network reached its highest price on 2021-04-06 when it was trading at its all-time high of $8.07, while its lowest price was recorded on 2022-11-21 when it was trading at its all-time low of $0.1650. The current lowest price since the last cycle high was $0.1650, and the highest price since the last cycle low was $8.07. The social sentiment of Akash Network is currently Positive.

    The current circulating supply of Akash Network is $230.82 M AKT. In terms of market cap, Akash Network is currently ranked 91.

    About Akash Network (AKT)

    Akash is a decentralized cloud computing market. It is a decentralized cloud (decloud) designed for defi, which can release 85% of the underutilized cloud computing capacity in 8.4 million data centers. Akash enables anyone to buy and sell unused computing power. Akash network is a fully autonomous rights and interests proof blockchain developed on Cosmos hub. It uses the native functional token Akash token (Akt) as the main means to govern and protect the blockchain, and provides a default mechanism to store and exchange value. Akt will serve as the reserve currency in Akash's multi currency and Multi Chain ecosystem, and ensure the economic security of the platform's public blockchain through pledge. We are implementing the economic model of Akash pass in stages. In order to properly compensate the suppliers on the network, we will first stabilize the pledge set so as to establish the economic value of Akt when the main network 1 is released. After the initial stage of network guidance is completed, we will start to study the Akash economic model to encourage suppliers to provide lower prices and encourage Pledgors to participate in the network for a long time.

    FAQs

    1. What determines the price movement of Akash Network?

    There are two schools of thought in determining the price of Akash Network.
    By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Akash Network, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of Akash Network from a long term perspective.
    By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of Akash Network on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for Akash Network as well.
    Investors tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for Akash Network and the cryptocurrency market as a whole.

    Akash Network Tokenomics

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    Akash Network Analysis

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