Last news
Why Akash Network (AKT) is Growing and What is The Price Prediction For 2024

Why Akash Network (AKT) is Growing and What is The Price Prediction For 2024


AKT soared by 10.83% in the last 24 hours and by the time of writing it was worth $2.6447. What is the reason for the growth of the coin?

Akash Network (AKT) crisis

Overall, AKT followed the market trend in 2023, and despite a brief period of decline in the AI token sector, as well as pressure on the crypto market from the SEC, the token soared 1183.58% year-to-date.

Why Akash Network (AKT) is growing?

The year 2023 was marked by the rapid development of the Akash Network ecosystem. As the trend towards artificial intelligence gained momentum, investors, and large financial institutions have well embraced cryptocurrencies related to this sector, especially AKT.

Akash Network's unique concept of providing services as a decentralized cloud for AI computing has generated a lot of response. The network attracted many participants through its Akashathon program, which awarded $50,000 in prizes. Many services in the Akash Network ecosystem were launched. All of this together influenced the growth of AKT coin.

Akash Network (AKT) forecast for 2024

AKT has soared 10.83% in the last 24 hours and was worth $2.6447 at the time of writing. Over the past 30 days, the asset has risen 51.42%.

Source and Copyright © TradingView

According to technical indicators, the current mood of AKT is bullish. In the coming days, the asset could potentially reach the $2.75 mark. Overall, artificial intelligence will remain the dominant trend in 2024, so AI tokens, including AKT, will be in the spotlight. Provided that the team behind Akash Network continues to develop the ecosystem, update the network and enter into various partnerships, the AKT native token will continue its growth. Thus, the highest price of AKT in 2024, according to expert forecasts, could be $4.08.

Subscribe to Cryptonica.News
on social networks

The materials found on the Cryptonica website shall not be taken as individual investment recommendations. The financial instruments or operations mentioned therein may not align with your investment profile or objectives. We assume no responsibility for any missing facts or inaccurate information in the texts. Cryptocurrencies are financial assets with high risk and volatility. Therefore, it is crucial that you conduct your own research on financial instruments and make independent decisions. Before engaging in any actions related to cryptocurrency, you shall study, understand, and comply with the laws applicable in your region and country.

How useful is this article for you?
Thank you for your review!

Last news