Akash Network PriceVote (0)
Akash Network (AKT) price has increased today.
The price of Akash Network (AKT) is $0.608308 today with a 24-hour trading volume of $1,636,317.90. This represents a 10.70% price increase in the last 24 hours and a 9.40% price increase in the past 7 days. With a circulating supply of 220 Million AKT, Akash Network is valued at a market cap of $131,436,935.
What is Akash Network?
Akash Network is spearheading a paradigm shift in cloud computing, disrupting conventional cloud services, and pioneering a revolution in access to essential cloud resources. Leveraging the power of blockchain technology, Akash Network has developed an open-source, decentralized, marketplace for cloud computing, offering an unprecedented level of speed, efficiency, and affordability. This innovation is set to transform the way users perceive and utilize cloud services.
What are the key features of Akash Network?
- Decentralized Cloud Computing: Akash Network, built on a blockchain-based framework, eliminates dependence on centralized cloud providers, offering superior security, transparency for users' data and transactions, and enhanced scalability.
- Permissionless Marketplace: By offering an open marketplace, Akash Network allows anyone with computational resources to become a cloud provider. Users can lease out their unused computing capacities, fostering competition and driving down prices.
- Flexible and Secure: With Akash, developers can effortlessly deploy applications and workloads. Moreover, the platform offers high security by using the native AKT token to ensure the integrity and authenticity of transactions on the network.
- Staking and Incentive Mechanism: Holders of the AKT token can participate in the network by staking their tokens. This not only helps secure the network but also earns them rewards.
- Interoperable Ecosystem: Akash Network is designed to be blockchain agnostic and is built on the Cosmos SDK, allowing for easy integration with other blockchain networks and fostering cross-chain collaborations.
- Eco-friendly: Compared to traditional cloud services, Akash Network is more energy-efficient. The network's consensus mechanism is based on Proof-of-Stake, which is considered to be more environmentally friendly than Proof-of-Work used by many other blockchain networks.
How does GPU Marketplace benefit AI Hosting?
One of the unique offerings of Akash Network is its GPU (Graphics Processing Unit) marketplace, which proves to be a game-changer for AI hosting. Leveraging its decentralized cloud, Akash Network provides a platform where individuals and businesses can rent out their idle GPU resources to those in need, particularly AI developers and researchers. Here’s why this is a groundbreaking feature:
- Cost-Effectiveness: Traditional cloud services are expensive, especially when renting GPUs for AI processing. Akash Network's open marketplace fosters competition, driving down the costs of GPU rentals and making it more affordable for AI researchers and developers.
- Scalability and Performance: With access to a decentralized pool of GPU resources, AI developers can easily scale their operations and computational power without the constraints of traditional cloud infrastructure. This translates to faster training and deployment of AI models.
- Security and Privacy: AI applications require processing sensitive data. Akash Network’s blockchain-based framework ensures that data is handled securely and transparently without the vulnerabilities of centralized systems.
- Democratizing AI: By lowering the barriers to entry in terms of cost and accessibility to GPU resources, Akash Network empowers a wider range of individuals and organizations, even at the early stage, to participate in AI development and hosting, contributing to innovation and technological advancement.
- Eco-Friendly Resource Utilization: By efficiently utilizing idle GPU resources through its marketplace, Akash Network dramatically minimizes environmental impact, in stark contrast to the significant ecological footprint associated with constructing and maintaining dedicated data centers. Akash Network's maximized resource efficiency enables it to play a pivotal role in promoting innovation, sustainability, and reducing carbon footprints.
- Global Accessibility: Akash Network’s global marketplace ensures that AI developers and researchers worldwide have equal access to GPU resources, irrespective of their geographical location.
- By providing an efficient, secure, and cost-effective alternative for AI hosting through its GPU marketplace, Akash Network is not only revolutionizing cloud computing but also making a substantial impact on the rapidly growing field of artificial intelligence.
What is AKT Token?
AKT is the native cryptocurrency token of Akash Network. It is integral for securing the network, executing transactions and contracts, and incentivizing community participation through staking and rewards. As the ecosystem grows, AKT is anticipated to play an increasingly vital role in enabling and securing decentralized cloud services.
The AKT 2.0 proposal introduces Take Rate and Provider Incentives to kick-start growth. Join the discussion for updates.
What are the prospects for Akash?
Akash Network is at the forefront of a paradigm shift in cloud computing. With its decentralized nature, coupled with a growing demand for secure, open, and affordable cloud solutions, Akash Network is well-positioned to become a pivotal player in the cloud computing industry. The ongoing developments and partnerships are expected to contribute significantly to its adoption and utility in the near future.
Join Akash Network to be part of this groundbreaking venture in reshaping the cloud computing landscape!
Please note: This is not financial advice. It’s always recommended to conduct your own research before making any investments.
Where can you buy Akash Network?
AKT tokens can be traded on decentralized exchanges and centralized crypto exchanges. The most popular exchange to buy and trade Akash Network is Osmosis, where the most active trading pair AKT/OSMO has a trading volume of $102,951.17 in the last 24 hours. Other popular options include AscendEX (BitMax) and KuCoin.
What is the daily trading volume of Akash Network (AKT)?
The trading volume of Akash Network (AKT) is $1,638,815.63 in the last 24 hours, representing a 19.10% increase from one day ago and signalling a recent rise in market activity.
What is the all-time high for Akash Network (AKT)?
The highest price paid for Akash Network (AKT) is $8.07, which was recorded on Apr 06, 2021 (over 2 years). Comparatively, the current price is -92.50% lower than the all-time high price.
What is the all-time low for Akash Network (AKT)?
The lowest price paid for Akash Network (AKT) is $0.164994, which was recorded on Nov 21, 2022 (8 months). Comparatively, the current price is 268.20% higher than the all-time low price.
What is the market cap of Akash Network (AKT)?
Market capitalization of Akash Network (AKT) is $131,436,935 and is ranked #214 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of AKT tokens (220 Million tokens are tradable on the market today).
What is the fully diluted valuation of Akash Network (AKT)?
The fully diluted valuation (FDV) of Akash Network (AKT) is $236,673,359. This is a statistical representation of the maximum market cap, assuming the maximum number of 390 Million AKT tokens are in circulation today. Depending on how the emission schedule of AKT tokens are designed, it might take multiple years before FDV is realized.
How does the price performance of Akash Network compare against its peers?
With a price increase of 9.40% in the last 7 days, Akash Network (AKT) is outperforming the global cryptocurrency market which is down -0.60%, while underperforming when compared to similar Cosmos Ecosystem cryptocurrencies which are up 15.60%.
What is the market sentiment of Akash Network today?
The community is bullish as more than 92% of users are feeling good about Akash Network (AKT) today.