Akash Network known as a marketplace based on cloud-computing, where cloud resources could be bought and sold by users using the AKT as payment method.
It has a pretty straightforward model and the reason for harbouring interest in the asset by many. As the users that are in need of cloud-computing could purchase resources hassle freely from those that are having a surplus capacity in a setup of peer-to-peer.
The platform has attracted both businesses and individuals by offering decentralized storage and asset ownership at a lower cost.
The AKT had peaked in the beginning of 2024, but plummeted thereon majorly. However, the recent support formed near at an interesting buying zone, where earlier boost had been witnessed.
As if writing, it has traded at $2.56, ranked 86th with market cap of $647 Million and a asset worth a watch among top 100 assets.
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