Akash Network Price

Akash Network (AKT) Live Price Chart

Akash Network Price Live Data

The current price of Akash Network is $1.75, with a 24-hour trading volume of $ 1.13M. Akash Network has experienced a -5.01% change in the past 24 hours, and its USD value has increased by +8.11% over the past 7 days. The circulating supply of Akash Network is 222,566,661 AKT and its current market cap stands at 387.51M USD, up --% in the past 24 hours. Akash Network ranks #100 in market capitalization.

Akash Network(AKT) Info

Cosmos IBC/1480...EF4
Audited By
Code & Community

About AKT

What Is Akash Network (AKT) Crypto?

Akash Network is a decentralized cloud computing marketplace providing users a more efficient and cost-effective way to access cloud computing resources. Akash's unique feature is its ability to tap into idle computing resources, optimizing resource use and reducing overall costs.

It is designed to be a fast, efficient, and cost-effective solution for cloud computing. Akash Network utilizes a "reverse auction" system, allowing users to find the best cloud computing resources at competitive prices.

The decentralized and peer-to-peer network eliminates the need for traditional cloud service providers. This decentralization contributes to increased accessibility and scalability of cloud services.

AKT serves as the primary utility token within the Akash Network ecosystem. It is crucial in securing the network and executing transactions and smart contracts on the platform. It also serves as the governance token of the Akash Network and can be staked to secure the network and earn rewards.

How Does Akash Network?

Akash Network is a decentralized cloud computing marketplace that connects those with idle computing resources with users needing computational power. Here's how it works:

Resource Sharing

Providers with unused computing capacity list their resources on the Akash Network. This could be data centers, servers, or even individual computers.

Demand Matching

Users, often developers or businesses, looking for cloud computing resources browse the marketplace for the computing power they require.

Decentralized Reverse Auction

Akash uses a "reverse auction" system. Users place bids on the resources they need, and providers choose the most attractive offers. This competitive bidding process ensures cost efficiency.

Blockchain Technology

Akash leverages blockchain technology for payments and security, particularly the Akash Token (AKT). Users pay for resources with AKT, and providers receive AKT tokens as rewards for their services.

Smart Contracts

Smart contracts automate the leasing process, ensuring the terms of the agreement are upheld. This includes security provisions and payment terms.

Akash Network bridges those with excess computing resources and those needing them, all while utilizing blockchain technology to ensure transparency, security, and efficient resource allocation.

History of Akash Network and AKT Coin

Akash Network was founded by Greg Osuri and Adam Bozanich in 2015. It is a blockchain-based open-source cloud computing marketplace.

Akash Network launched its mainnet 2 on March 8, 2021, on the Cosmos SDK. The main features of this mainnet include a decentralized cloud computing marketplace.

Akash Network achieved over 15,000 total deployments since the mainnet launch in March 2021. The network announced its Incentivized Testnet in February 2022.

This was followed by Akash Network announcing its Mainnet 4 upgrade in November 2022 at block height 8526250. In December 2022, Akash Network successfully upgraded to Mainnet 5 at block height 8998907.


How can I buy Akash Network (AKT)?

Buying AKT on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy Akash Network (AKT) for more information.

How much is 1 Akash Network (AKT) worth?

KuCoin provides real-time USD price updates for Akash Network (AKT). Akash Network price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time AKT to USD exchange rates.

Is Akash Network (AKT) a Good Investment?

Akash Network has a good use case in the cloud computing market, aiming to disrupt it with its decentralized and open-source approach. The potential to address real-world challenges can make it an attractive investment.

Its services could gain traction amid an uptick in web3 adoption worldwide as more users and businesses seek decentralized projects. The increased adoption of Akash Network’s decentralized cloud infrastructure could encourage more investors to buy and trade AKT tokens, supporting the value of Akash Network project.

The Akash Network price could also strengthen as the mood in the crypto market turns bullish. At such times, investors increase their buying activity in the market and explore projects with high potential for adoption and use.

What Is Akash Network Price Prediction?

While we cannot provide an accurate AKT price prediction due to the highly volatile and unpredictable nature of the crypto market, the following factors could offer some insight into price trends in the Akash Network cryptocurrency:

Level of Adoption of Akash Network

Users’ widespread adoption of Akash Network globally can contribute to price growth. The resulting uptick in on-chain activity could increase the demand for the AKT token and generate higher investor interest, thus supporting the AKT to USD price in the market.

Outlook Toward Web3 and Decentralization

A favorable outlook among users and investors toward the web3 sector of the crypto market could also benefit the Akash Network price. Projects offering decentralized services and real-world applications could see higher interest, encouraging an uptrend in the price of AKT token.

Crypto Market Sentiment

Market sentiment, including bullish or bearish trends, can significantly impact AKT's price. Positive sentiment and predictions may drive prices upward, while negative sentiment can lead to declines.

What Is AKT Token Used for?

AKT, the native utility token of Akash Network, serves several important functions within the ecosystem:

Decentralized Governance of Akash Network

AKT is used as a means of governance within the Akash Network. Token holders can propose and vote on changes to the network's parameters, helping to guide its development and evolution.

Stake AKT to Secure Akash Network

It plays a crucial role in securing the Akash blockchain through mechanisms like staking and consensus. Validators and participants use AKT to secure the network's infrastructure.

Value Exchange

AKT can be used for value exchange within the network. Users can transact in AKT for services, including accessing cloud computing resources provided by the network's participants.

Incentive Token

The token is used to incentivize participants within the network. Providers who offer computing resources can earn AKT as a reward for their contributions, fostering a dynamic ecosystem.

DeFi Applications of AKT

The Akash Network is geared towards the DeFi industry. AKT is used in DeFi applications built on the network, further expanding its utility.

Trade or HODL AKT

Trade Akash Network crypto against other digital assets on the KuCoin Spot Market to make the most of changing market conditions and volatility. Buy or sell AKT, or hold it long-term if you believe in the future potential of the Akash Network project. Ensure you make any trading or investing decision in the crypto market only after doing your own research (DYOR).

How to Stake AKT on Akash Network

Staking AKT on the Akash Network allows you to participate in network security and earn rewards. Here’s how you can stake $AKT:

1. To get started, you need a wallet that supports AKT. Popular choices include Keplr and Atomic Wallet.

2. Fund your wallet by buying AKT on KuCoin or other supported platforms and transferring your tokens to it.

3. In your wallet interface, locate the staking or delegation section. Select AKT as the asset you want to stake and choose the amount. Confirm the delegation.

4. You can either stake your AKT directly or delegate it to a validator. Validators are network nodes responsible for securing the network. Delegating to a validator is a common way to stake for most users.

5. Keep an eye on your staked AKT and rewards. You can adjust your staking preferences or change validators if needed.

Who Are Akash Network’s Partners and Investors?

Akash Network has received investments from institutional investors, such as Cypher Capital, Goldfingr, Recursive Ventures, and RR2 Capital.

Akash Network has partnered with several companies, including Filebase, ColdStack, Concordium, Polygon, Kava Labs, CertiK, HashQuark, Equinix Metal, and Chainlink.

What is the all-time high price of Akash Network (AKT)?

The all-time high price of Akash Network (AKT) is $8.08. The current price of AKT is down 0.78% from its all-time high.

What is the all-time low price of Akash Network (AKT)?

The all-time low price of Akash Network (AKT) is $0.1672. The current price of AKT is up 9.52% from its all-time low.

How much Akash Network (AKT) is there in circulation?

As of 12 5, 2023, there is currently 222,566,661 AKT in circulation. AKT has a maximum supply of 388,539,008.

What is the market cap of Akash Network (AKT)?

The current market cap of AKT is $387.51M. It is calculated by multiplying the current supply of AKT by its real-time market price of $387.51M.

How do I store Akash Network (AKT)?

You can securely store your Akash Network in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your AKT include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.