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Akash Network

AKT

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Past performance is not a reliable indicator of future results. Learn more about asset risks.

Investment Risk

Baseline risk

All crypto-assets are risky, regardless of the type of token you hold. Here are some ‘baseline’ risks to be aware of before deciding to invest.

Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.

Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.

Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.

Don’t put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.

About Akash Network

Akash is a blockchain network that supports a decentralized compute marketplace. Akash allows users to lease computing resources from the network’s providers. AKT is the network’s utility token and can be used to secure the network through staking. AKT can also be used to participate in network governance. AKT tokens can be used to vote on proposals related to the network’s development and grant allocations.

Akash is a blockchain network that supports a decentralized compute marketplace. Akash allows users to lease computing resources from the network’s providers. AKT is the network’s utility token and can be used to secure the network through staking. AKT can also be used to participate in network governance. AKT tokens can be used to vote on proposals related to the network’s development and grant allocations.

AKT (Akash Network) is a decentralized cloud computing marketplace that aims to provide a faster, more efficient, and lower-cost alternative to traditional cloud services. It allows anyone to lease out compute cycles, essentially enabling users to rent unused server capacity in a secure and decentralized manner. The Akash Network leverages blockchain technology to create an open and competitive marketplace, which drives down costs and increases accessibility.

The Akash Network utilizes the AKT token as the primary means of transaction within its ecosystem. Providers earn AKT by offering their unused compute resources to the marketplace, while tenants spend AKT to rent these resources for deploying applications. The network uses a container-based deployment model, supporting a wide range of applications from web services to machine learning workloads. Transactions on the Akash Network are secured through a series of cryptographic verifications, ensuring both provider reliability and tenant security.

The Akash Network is especially beneficial for businesses and developers needing scalable and cost-effective cloud solutions. Its decentralized nature makes it an ideal platform for hosting web applications, development environments, databases, and other IT resources. Additionally, because it operates in a permissionless fashion, it can serve underutilized data centers and individual users looking to monetize their spare compute capacity. The platform's use cases extend to areas like scientific research, where significant computational power is required intermittently.

The Akash Network was conceived to disrupt the highly centralized cloud computing industry dominated by a handful of large entities. Founded by Greg Osuri and Adam Bozanich, the network was designed to harness the underutilized cloud capacity of data centers worldwide, providing a more democratic and open cloud ecosystem. Since its inception, Akash has grown to support a diverse range of applications, powered by a robust community of developers and cloud providers who advocate for a decentralized and open internet.

Market

United Kingdom Market Stats

Market cap

£1.1B

Volume (24h)

£26.4M

Circulating supply

237.7M AKT

Typical hold time

2 days

Popularity

#69

All time high

£6.35

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

United Kingdom Market performance

Price change (1h)

-0.24%

Price change (1d)

-0.17%

Price change (1w)

-1.42%

Price change (2w)

+27.77%

Price change (1m)

-17.41%

Price change (1y)

+1,474.79%

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

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Guides

Coinbase Bytes

Akash Network is on the decline this week.

The price of Akash Network has decreased by 0.24% in the last hour and decreased by 0.17% in the past 24 hours. Akash Network’s price has also fallen by 1.42% in the past week. The current price is £4.50 per AKT with a 24-hour trading volume of £26.37M. Currently, Akash Network is valued at 29.24% below its all time high of £6.35. This all-time high was the highest price paid for Akash Network since its launch.

The current circulating supply of Akash Network is 237,713,807.788 AKT which means that Akash Network has as total market cap of 237,713,807.788.

FAQ

What is the current price of Akash Network?

We update our Akash Network to GBP currency in real-time. Get the live price of Akash Network on Coinbase.

What is the market cap of Akash Network?

The current market cap of Akash Network is £1.07B. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Akash Network?

The all-time high of Akash Network is £6.35. This all-time high is highest price paid for Akash Network since it was launched.

What is the 24 hour trading volume of Akash Network?

Over the last 24 hours, the trading volume of Akash Network is £26.37M.

How many Akash Network are there?

The current circulating supply of Akash Network is 238 million.

What is the typical holding time of Akash Network?

The median time that Coinbase customers hold Akash Network before selling it or sending it to another account or address is 2 days.

What is the relative popularity of Akash Network?

Akash Network ranks 49 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

Can I buy Akash Network on Coinbase?

Yes, Akash Network is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Akash Network guide.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.

This Financial Promotion has been approved by Archax Ltd on 15 April 2024