Akash is a blockchain network that lets users buy and sell computing resources. The platform makes use of the idle hardware of household computers and offers an opportunity for its owners to make a passive income out of it. Akash Network offers plenty of nifty features, including support for Kubernetes, and is powered by its utility token $AKT.
This article will give you a comprehensive overview of the Akash Network and its native token. I will talk about the platform’s key features, the token’s economics, its past performance, and future price forecasts. In the end, you can also find the information about where and how you can buy the AKT tokens should you come here for that.
Let’s dive in without any further delay.
Akash Network (AKT) Key Features
| Infrastructure as code | Akash supports SDL which allows micromanagement of application deployment. |
| Kubernetes | The protocol is built on Kubernetes which ensures a secure and time-tested platform for deploying software. |
| Persistent storage | Akash Network keeps the change in data between restarts, making it suitable for data-heavy applications. |
| IP Leasing | Akash leases IP addresses, allowing port assignment thereby benefiting DNS and web servers. |
Akash Network (AKT) Tokenomics
Akansh Network has a total supply of 234,532,139 tokens and the maximum supply is capped at 388,539,008 AKT. At 234,532,139 tokens, 60.36% of Akash Network tokens are in circulation.
Akash Network (AKT) Past Performance
While I am writing this article, the Akash Network token is trading at $5.23, which is 16.5% below yesterday’s numbers.
The token now makes up $1.22 billion in market capitalization. At $66.8 million, its 24-hour trading volume is down 52.3%.
Akash Network (AKT) Price Prediction
Technical indicators suggest that the current market sentiment is bullish while the fear & greed index is at 72, signaling greed. The Akash Network token recorded 13 (43%) green days in the past month with a modest 14.06% price volatility. Our analysts think that now is a good time to buy the AKT token.
2024: In the year 2024, the price of the Akash Network token is projected to go up by 227.88% and hit $16.62 by the end of May.
2025: Moving on to 2025, the price of the Akash Network token is expected to fall between $5.07 and $23.94. If we compare this to today’s price, this will translate into a 365.00% return for the investor who buys the token at today’s price.
2030: Fast forward to 2030, the price of the Akash Network token is predicted to fall in the range of $12.76 and $20.70. If we compare this to today’s price, the upper price target will equate to a 303.22% return.
Where to Buy Akash Network (AKT)?
You can find the highest liquidity to trade with Akash Network tokens in the following places.
How to Buy Akash Network (AKT)?
Akash Network token has a good market depth traded in pairs with Tether (USDT). This is how you can buy the same from Gate.io.
- Go to the Gate.io official website, create a free account, and complete the KYC process.
- Fund your Gate.io wallet with Tether(USDT) stablecoins.
- Navigate to the trading section and on the search box, type AKT/USDT.
- Choose ‘limit order’, enter the number of Akash Network tokens you want to purchase, and click the ‘buy’ button.
- Click ‘confirm’ and when the transaction is done, your Gate.io wallet will be credited with the tokens.
Conclusion
Akash Network offers a suite of cloud-computing services for developers and gamers. It gives users access to large-scale computing power without relying on private entities. Akash Network also offers a competitive price, network speeds, and efficiency.
The protocol’s native token, $AKT, serves as the preferred medium of exchange within the platform. Starting with mid-2023, the token has been doing extremely well in the markets. Our analysts are bullish about the Akash Network token.
At the same time, it is important to pay attention to the fact that crypto assets are susceptible to large price fluctuations. It has historically created more bankrupt individuals than millionaires. We encourage the reader to exercise caution and do their research before putting their money into such asset classes.
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