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%.
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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.
