Akash Network (AKT)

Akash Network (AKT) Price

Rank 195

$0.5898
-$0.0266(-4.32%)

Market Cap

$177.84M

24h High

$0.6205

24h Low

$0.5776

24h Turnover

$812.52K

Total Supply

291.81M

Market Sentiment

Neutral

Price of Akash Network (AKT) Today in USD

View Akash Network (AKT) Price Prediction

The live price of Akash Network (AKT) today is $0.5898, with a 24h change of -4.32%. Over the same period, the low was $0.5776, the high was $0.6205, and the 24h trading volume was $812.52K. The current market cap is approximately $177.84M. It ranks #195 by market cap and accounts for 0.00% of the total crypto market cap. The all-time high was $8.0700 (⁦2021-04-06⁩); the current price is -92.69% from the all-time high.

Akash Network (AKT) Price History

  • 7 Days

    -4.25%

    Low
    $0.5761
    High
    $0.6735
  • 30 Days

    -13.74%

    Low
    $0.5761
    High
    $0.7598
  • 90 Days

    +8.47%

    Low
    $0.4700
    High
    $0.8526
  • 1 Year

    -3.59%

    Low
    $0.2523
    High
    $0.9563

Fear & Greed Index

0 Extreme Fear100 Extreme Greed
Yesterday
29
Fear
Last Week
50
Normal
Last Month
57
Normal

The Fear & Greed Index is currently 28/100, in the Fear zone; change from yesterday: -1, from last week: -22, and from last month: -29. Lower values indicate more fearful sentiment, while higher values indicate more greedy sentiment. This does not represent price change.

Why Did Akash Network (AKT) Fall in the Last 24 Hours?

Social media discussions linked weakness in AKT and other compute tokens to a pullback in risk appetite across AI-related assets amid an Nvidia-related controversy; this is a market-sentiment explanation, not confirmation of an AKT-specific event. AKT’s inclusion in the Artificial Analysis AI Watchlist, revised on October 27, was broadly neutral and mainly reinforced its AI narrative. One-hour data and order-book readings at 16:00 UTC on November 12 showed low trading activity and shallow depth across the top five levels, with buy and sell orders concentrated near $0.588 and $0.593, respectively. Thin liquidity means limited market orders could amplify short-term moves. Moving averages were bearish on the 15-minute and one-hour intervals but neutral on the four-hour and daily intervals; the daily ADX of 13.66 does not confirm a weakening medium-term trend. RSI readings were neutral across intervals. These indicators point to short-term weakness, but do not establish a clear medium-term downtrend.

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.

Use Cases and Features

Akash Network is a decentralized cloud-computing network that connects demand for computing power with providers. AKT is used for staking to help secure the network, participating in on-chain governance, and paying Gas fees for on-chain transactions. Network deployments use ACT as computing credits: users pay resource fees with ACT after obtaining it, while providers deliver computing resources and complete settlement.

Supply and Issuance Mechanism

AKT is the network’s native asset. Under the Burn-Mint Equilibrium (BME) mechanism, users can burn AKT to mint non-transferable, USD-pegged computing credits called ACT; when computing is settled, the used ACT is burned and AKT is minted to providers at the price at that time. AKT supply therefore changes through computing top-ups, use, and settlement.

How to Buy and Use Akash Network (AKT)

More AKT Articles

How to Buy

Buy in just four steps (Log in -> Verify -> Purchase -> Receive crypto)

Log In
Verify
Trade
Receive Assets

Related Markets

Spot
AKT/USDT
Trade
Futures
AKT/USDT
Trade
Margin3X
AKT/USDT
Trade

Simple Earn

Simple Earn
Est.30-Day APR
0.1%
Subscribe

Frequently Asked Questions About Akash Network (AKT)

What is AKT, and how does Akash provide cloud computing services?

x

What is Akash's marketplace process from deploying an application to creating a lease?

x

What can AKT be used for?

x

What is the difference between ACT and AKT?

x

How does BME convert an ACT top-up into AKT settlement for providers?

x

How does computing usage affect AKT minting, burning, and circulation?

x

What conditions are required for BME settlement, and what happens if it fails?

x

What did BME change compared with the previous stablecoin payment approach?

x

Risk Disclosure

Cryptocurrencies are high-risk assets and are subject to significant price volatility. The value of digital assets may fluctuate sharply within a short period of time, and you may lose part or all of your investment principal. Past performance does not guarantee future results. Before engaging in any transaction, you should carefully assess your financial situation, investment experience, investment objectives, and risk tolerance, and ensure that you fully understand the characteristics and risks associated with cryptocurrencies. If necessary, you are advised to consult an independent professional advisor with the appropriate qualifications.

Disclaimer

The information provided on this page is for general reference only and does not constitute any form of investment, financial, legal, tax, or trading advice, nor does it constitute any offer, solicitation, or recommendation. Gate makes no representations or warranties regarding the accuracy, completeness, or timeliness of the relevant information and assumes no liability for any losses arising from users' own decisions based on such information. Gate products and services may be restricted in certain jurisdictions or for certain users. Before using the relevant services, please ensure compliance with applicable laws and regulations, and refer to the User Agreement for provisions regarding restricted regions and service limitations.